Betchtel Moves Headquarters To Sugar Land

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Bechtel Moves Division HQ To Sugar Land, Hints Of Bigger Deal In Works

by Bob Dunn, Aug 16, 2006, 07 43 am/ From: Fort Bend Now

Sugar Land is gaining an important corporate headquarters, as Bechtel Equipment Operations, a division of the giant Bechtel Corp., has decided to move its headquarters here from Louisville, Ky.

Sugar Land City Council laid the groundwork for a deal Tuesday night that will bring BEO to a 4.2-acre site in Sugar Land Business Park and create 40 new jobs with an average salary of $65,000, according to information provided by Sugar Land Economic Development Director Regina Morales.

The company will consolidate its operations in Louisville and in Deer Park, and roll them into the new Sugar Land headquarters. By doing so, they will gain a 40% tax abatement over the next 10 years, on property and inventory the city estimated at $7.3 million. The tax abatement was part of an ordinance passed on first reading Tuesday night, as was the creation of a reinvestment zone.

But it appears the city potentially has a lot more to gain. While BEO President Bob Hall discussed his company