FleetPride Inc., a distributor and service provider for heavy-duty trucks and trailers, would bring as many as 393 jobs to an office building on Granite Parkway under an economic development agreement the City Council takes up Monday, Oct. 26.
The deal sits on the consent agenda for the 7 p.m. session, a list of items usually approved together in a single vote. A memo from the city's Economic Development Department recommends approval.
What the company would have to do
The agreement, made under Chapter 380 of the state's local government code, ties every dollar to targets. By Dec. 31, 2027, the Alabama corporation must:
- lease and move into a minimum of 83,939 square feet of offices at 5601 Granite Parkway
- finish at least $2 million in improvements to the property
- bring or add a minimum of 325 full-time positions filled by people who live in a 14-county North Texas area, and keep them for 180 days before any payment
The company may add up to 68 more jobs by the end of 2031.
The agreement says FleetPride told the city that a grant would help persuade it to relocate and expand in Plano. It does not say where the jobs would come from.
