Encore Wire is lining up two more large buildings on its McKinney campus, and the City Council is being asked Tuesday to help the company apply for a state sales tax break on the work.
A resolution on the council's Nov. 3 agenda would nominate Encore Wire and its upcoming expansion as an Enterprise Project under the Texas Enterprise Zone Program. The company approached the city asking for the nomination, according to a staff report from the city manager's office and the city attorney.
Under the state program, a business can only receive the incentive if its local government nominates it.
What the company plans to build
The staff report describes two projects beyond the expansion now wrapping up:
- a 250,000-square-foot Medium Voltage Service Center, scheduled to begin construction in late 2026, with about $65 million in total investment, about $55 million of it for the building
- a 182,000-square-foot rod mill, scheduled to begin construction in early 2027, with about $200 million in total investment, including about $135 million for the building and $65 million for equipment
Those would come on top of roughly $250 million tied to the campus expansion the company is now completing. That project adds a medium voltage cable production plant of more than 650,000 square feet, which the report says will serve growing demand for electrification and power grid work across the country.
The report says the added investment will help keep the company's current workers and could open the door to new jobs later. It does not give a job count.
