Midlothian will soon be home to a new data center, which could add 40 new jobs to the city. The data center is set to be located in the Railport Business Park.
City council members approved the tax abatement agreement with Sharka, LLC at its May 22 meeting.
According to documents filed with the city, the tax abatement would run for 10 years. Through the agreement, 100 percent of personal property and 85 percent of improvements would be eligible to be abated.
Sharaka agreed to an initial capital investment of $500,000 and the creation of 40 jobs in the first phase of the development within five years.
The Dallas Morning News reported that Larry Barnett, the president and CEO of Midlothian Economic Development, declined to say what corporation was behind Sharka LLC, which registered as a Texas business entity in January.
"We have a couple of industrial parks, and we have been recruiting companies directly across the country," Barnett told The Morning News. "We're in growth mode as a city."
The Morning News also stated Sharka LLC is tied to a firm in Austin that is connected to the Corporation Service Company. It handles company names and documents in deals like this one.
The council also approved to extend the tax increment reinvestment zone at Railport for Sharka by 375.680 acres.
Railport had previously designated 12 zones to allow the city to offer tax abatements to companies. These companies have included Target, Ennis Business Forms, Toys R Us, and the Buckley Oil Company.
Through a partnership between TXI concrete company and the city created Railport in the 199s. The infrastructure in the development was funded by the creation of a Tax Increment Reinvestment Zone. The business park is located off Railport Parkway and U.S. Highway 67.
One of the other companies that have opened data centers in North Texas in the past year includes Facebook.
The Dallas Business Journal reported Facebook would be expanding its operations in Fort Worth with two additional data center halls.