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<br />La Porte Economic Development Cotporation <br />2010 Business Activity <br /> <br />Report prepared by Stacey Os borne <br />February 7,2011 <br /> <br />The Ciry if La Porte's E wnonic Deu:loprrmt OJrporatian (E DC) has prmidai the fimds and the fjlidarKE to <br />irrprme the irfrastructure and business emiroJ111Wt in the Ciry if La Porte so that ue can attract and retain business <br />in the City. F dlmeing is a list if spedfic wnpanies uho la:aurl, rda:ated, or exparxltd in La Porte or in our E 1] in <br />Gdendar Year 2010 and uho dim::tly benefited from the moura:s prmidai by the E DC <br /> <br />Kuraray <br />Capital Investment: $7M + <br />Expected job creation: not sure <br /> <br />The Gtyof La Porte announced that they were selling the 81-acre tract of land in the Port/Bayport <br />area in October, 2010, and that it would be marketed by Cushman & Wakefield. I added that <br />property to the list of available properties in the Gty, and we submitted it for several projects with <br />the Governor's office. The property actually made the short list for a Korean company called <br />Daiyang Metals. That company sent representatives to the states for a tour of the short-listed <br />properties, hosted by the Bay Area Houston Economic Partnership (BABEP) and the Greater <br />Houston Partnership (GHP). The tour included a visit to the La Porte property and to La Porte Gty <br />Hall, and I was included as a representative from the Gty. The company ended up locating in <br />Pasadena, but shortly thereafter Paul Chavez from BABEP suggested that I speak to Les Bujko <br />from Kuraray because he had heard that they were seeking property that matched the description of <br />our property. I answered Mr. Bujko's questions about the Gty and put them in touch with Cushman <br />and Wakefield, and they ended up being the winning bid on the property. <br /> <br />GIS <br />Capital Investment: $2.9M <br />Expected Job Creation: 13 <br /> <br />GIS moved into the location on their own, based on information they had gathered about La Porte's <br />location and industrial district incentives. We assisted them in creating a map of the property that <br />they used in all of the news releases about the project, and we have been working with the company <br />to help them publicize their new location in La Porte. <br /> <br />Invista (Expansion) <br />Capital Investment: $37.5M <br />Expected Job Creation/Retention: 133 <br /> <br />This was an expansion project of the Texas Enterprise Zone. Invista learned about the Texas <br />Enterprise Zone from the Economic Alliance Houston Port Region. Mter learning more about the <br />program, they enlisted the assistance of the tax firm Price Waterhouse (})oper to help them <br />complete the application. I had met the representative from Price Waterhouse (})oper at the 1EDC <br />Wmter Meeting in January, 2010, and he contacted me to help with the Gty's part in the application, <br />which included presenting the project to (})uncil for their approval. During the process of <br /> <br />EDC2010 Business Activity,2/7/11 <br />PAGE 1 OF 3 <br />