July 9, 2020 Comments Off on Instant Coffee Startup Will Build Seguin HQ Views: 496 San Antonio, Texas News

Instant Coffee Startup Will Build Seguin HQ

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Instant coffee startup CoffeeTech Industries will build its new 112,000-square- foot headquarters and manufacturing facility in Seguin. The project is expected to cost $56 million and create at least 91 new jobs.
“This project will help create excellent employment opportunities for our residents and help grow our economic base,” said Seguin Mayor Don Keil.
In an effort to successfully recruit CoffeeTech Industries to Seguin, a local incentive package was considered and approved by the Seguin Economic Development Corporation board, the Seguin City Council and the Guadalupe County Commissioners Court.
Components of the local incentive package include a land grant by the SEDC and a partial tax abatement by the City of Seguin and Guadalupe County. In exchange for the local incentive package, CoffeeTech will commit to capital investment, job creation and payroll benchmarks.
CoffeeTech expects to break ground on the project in late 2020, with operations commencing by 2022.

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