January 18, 2017
The city of Kyle, TX shook hands on a deal with RSI Inc. to bring more jobs to the area. Specifically, the mechanical parts distributor agreed to create 82 jobs at a median salary of $42,000 a year. Kyle, in the meantime, will give the company $480,000 in incentives to help the company expand; $246,000 of which will be a forgivable grant, and $234,000 as an interest-free loan.
RSI has been doing business in Kyle, south of Austin, since 2007. Its office at 1670 Kohlers Crossing employs 60 local people. “Over 85% of our population leaves town every day to go to work,” said Kyle Economic Development Director Diana Blank-Torres. “Our goal is to create these kinds of jobs here in Kyle, so they don’t have to drive out of town, if they don’t want to, and still support their families.”
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