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<br />V. Competition With Local Business <br /> <br />A. List any competition or similar businesses in the area. <br /> <br />There are 6 facilities in the Houston marketplace Preferred Freezer Services <br />considers direct competition. <br /> <br />Houston Central Industries <br />800 Middle Street <br />Houston, TX 77003 <br /> <br />Houston Central Industries <br />7080 Express Lane <br />Houston, TX 770078 <br /> <br />P&O Cold Logistics <br />16110 E. Hardy Road <br />Houston, TX 77032 <br /> <br />P&O Cold Logistics <br />502 North Broadway <br />La Porte, TX 77571 <br /> <br />International Trading Co., Inc. <br />300 Portwall St. <br />Houston, TX 77029 <br /> <br />NOCS West Gulf, Inc. <br />9223 Highway 225 <br />La Porte, TX 77571 <br /> <br />B. Describe how an abatement will impact competition with other similar businesses <br />in the area. <br /> <br />The abatement will impact our competitors in the sense that a competing company <br />has built a facility in their area. The abatement will allow Preferred Freezer <br />Services to compete with the facilities that are established in the area. It will help <br />Preferred Freezer Services compete in pricing, which is directly related to the cost <br />of building and operating a state of the art facility. The tax abatement will ease <br />some of the cost and allow Preferred Freezer Services to establish themselves in <br />the market. This facility will be servicing many of our nationwide customers who <br />are interested in the Houston market as discussed below. <br /> <br />VI. How will this project attract new business? <br /> <br />Preferred Freezer Services has a tremendous following and loyal customer base that <br />has been the backbone of the growth of the company over the years. Through this <br />loyal base of customers Preferred Freezer Services has expanded a local New Jersey <br />warehouse into a nationwide corporation in currently in 5 states. This relationship has <br />benefited Preferred Freezer's customers as well. In many scenarios customers have <br />either expanded their businesses in the markets we have opened facilities in or started <br />selling product in markets they had never prior to Preferred Freezer Services opening <br />within said market. <br /> <br />Preferred Freezer Services will also become a good customer for local vendors. All <br />warehouse supplies are purchased on a local level within each market. <br />