canton

Phoenix Foods expanding in Canton

CANTON, Texas (KLTV) – Phoenix Food in an agreement with the Canton Economic Development Corporation will expand its current location. The agreement was approved by the Canton City Council on Tuesday.

Phoenix food has been in business for 15 years making packaged mixes for soups, dinners, dips, and desserts and their success requires expansion beyond the 22,000 square feet in two buildings they occupy.

Julie Seymore, the executive director of the Canton Economic Development Corporation, said she wanted Phoenix Food in Canton “rather than losing them to another city”. Phoenix Food employs 20 full-time employees and 30-50 additional workers during their heavy seasons which lasts for four to six months, which Seymore said is a large number of jobs for her small community.

Phoenix Food’s current address at 1030 Reserve Dr. will add an additional 8,000 square foot warehouse on Industry Dr. beside their current facilities to be leased for ten years. According to the agreement, Phoenix Food will invest $125,000 during the first year of their contract and another $100,000 by the end of year 3, as well as maintain a minimum of 30 full-time-equivalent jobs.

The Canton EDC will reimburse up to $81,000 for capital equipment, racking systems, the finish-out to the new building, and improvements to existing facilities, plus up to $47,000 for the retention and creation of new jobs. Van Zandt County Commissioners also voted to support the expansion project with a $40,000 grant paid through the Canton EDC.

Copyright 2021 KLTV. All rights reserved.

View the original article here.

2021 Winter Storm Federal Resources

ATTENTION LOCAL BUSINESSES: The Canton Economic Development Corporation would like to provide you with some information regarding the recent winter storms.

The Small Business Association Stands Ready to Assist Texas Businesses and Residents Affected by the Severe Winter Storms

What Types of Disaster Loans are Available?
  •  Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery, and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.
  • Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
  • Home Disaster Loans –  Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.
Resources:

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