In a meeting closed to the public due to the COVID-19 pandemic, members of the Canyon City Commission voted to approve two tax incentive packages last week.
During the commission’s meeting last Tuesday, commissioners voted to approve final readings of two economic development incentive packages for new businesses in the Canyon area. The first package included an incentive for 10 percent of total payroll capped at $42,000 for All Who Wander, LLC, which plans to open a store near Palo Duro Canyon. The store will be located at a property owned by the Canyon Economic Development Corporation, and a lease with option to purchase has been agreed upon. This project is expected to generate five to six new jobs.
Additionally, commissioners voted to approve a $70,600 incentive package for a new coffee shop in Canyon. This package for Bean & Burr Coffee Lab was approved as the company plans to open a location near West Texas A&M University and hire six to eight employees. This package included job incentives and direct financial assistance, according to the City of Canyon.
Both votes were taken in the meeting, which included no access to the public due to the ongoing pandemic and social distancing measures. A YouTube link was provided to watch the meeting.