Australian-based Zinkpower Chooses Waco, Texas for Operations Center
The project represents a $32 million investment, which includes the construction of a 160,000 square-foot facility and equipment. Over four years, Zinkpower anticipates the creation of 100 new jobs.
As an incentive, the company has received approval for a job creation grant through the Waco McLennan County Economic Development Corporation, as well as, a multi-year business grant from the City of Waco and McLennan County, both of which are based upon investment commitments.
According to the Greater Waco Chamber, the company will operate as Zinkpower – Waco, LLC and has received local support for the project, which will add jobs, bring new investment and expand the industrial supplier network in Waco and central Texas.
Zinkpower will provide hot-dip galvanizing services in support of the structural steel industry, officials noted. The Waco plant will be the only hot-dip galvanizing center between the Dallas/Fort Worth Metroplex and San Antonio. Knowing everything is bigger in Texas, the Waco site will be home to Zinkpower’s largest dipping kettle, 60 feet, which has the ability to accommodate a broad spectrum of customer needs.
Zinkpower’s decision to locate in Greater Waco represents a regional collaboration for economic development between Waco and McLennan County, with both organizations partnering to provide incentive support for the project.
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
Hitting the Reset Button: How to Pivot the Perception of Economic Development
Finding Talent in a Time of Economic Change
Innovation in America Reaches New Heights
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
Mid-size Markets Competing for Business and Winning