Encore Wire Corporation, the one-stop source for residential and commercial wire, plans to invest more than $30 million to expand its manufacturing facilities in McKinney, Texas, creating more than 125 new jobs in The Lone Star State.
Formed in 1989 with only 12 employees operating in a 68,000 square foot facility, the company now employs over 1,180 and is the largest taxpayer in McKinney, according to the Collin County CAD. This latest expansion marks the 10th that the McKinney Economic Development Corporation has supported. This 125- percent expansion of the existing aluminum wire plant will add 128 new jobs and increase the size of one of their plants from 200,000 square feet to 450,000 square feet.
"We are excited to be a part of a growing community and we are very thankful that the McKinney Economic Development Corporation is committed to helping us," said Daniel Jones, President/CEO of Encore Wire Corporation. "The partnership we have with the city has made us one of the top employers in McKinney, and we are thrilled to be able to provide more jobs for the community."
"Encore Wire has been a staple in our community for 25 years and is respected locally, nationally and even globally, as seen by their recent award as one of 'America's 100 Most Trustworthy Companies'," said McKinney Mayor Brian Loughmiller. "The City of McKinney and MEDC are committed to supporting existing McKinney businesses, and we are privileged to have an outstanding company like Encore Wire headquartered in our city."
"Encore Wire and the city of McKinney go hand-in-hand," Jones said. "As the city continues to grow and expand so does Encore Wire, and we cannot wait to see what the future holds for both of us."