Bryan is buzzing with exciting news! The Brazos County commissioners have given the green light for a five-year, 50% tax abatement for Honeywell International’s shiny new facility, which is set to fulfill a crucial role in the semiconductor industry. With a hefty price tag of $120 million, this facility will produce ultra high purity hydrofluoric acid (UHPHF). So, what does that mean for Bryan? Let’s break it down.
The tax abatement is a solid boost for Honeywell’s plans to build in Bryan, as it’s the first of its kind in the United States to produce semiconductor-grade hydrofluoric acid. The facility is located on a 25-acre site on Mumford Road, which was zoned specifically for this project just last August. According to the agreement, the abatement kicks off on January 1, allowing Honeywell to save some money while they ramp up production.
As the years progress, the expected property value is set to see a steep rise—from an estimated $45.9 million in 2025 up to $120 million by 2027. This means that while Honeywell enjoys some tax relief in the beginning, they’ll also be contributing significantly to Bryan’s economy as the property value rises. The company plans to bring in about 10 to 12 jobs with an eye-watering annual payroll of $909,000.
Once the abatement period is over, Bryan can expect around $748,000 in property taxes annually from Honeywell. That’s a win-win for the community! The county commissioners unanimously supported this move, even with Commissioner Chuck Konderla taking a rain check on this vote.
The county will have 90 days to inspect the property before sealing the deal. Peters noted that over the past five years, they’ve explored various options including building from scratch. Ultimately, buying this existing structure turned out to be the most budget-friendly route.
Stay tuned, Bryan! The landscape is changing, and there’s much more to come.
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