Government
BY ADAM DOE
Denton OKs $870K for drone factory incentives Drone manufacturing company KrateoSky plans to build a drone manufacturing plant in Denton following City Council’s approval of $870,000 in economic incentives, including a city-funded jobs grant, at an April 21 meeting. Ellen McCarthy, the company’s senior vice pres- ident of global government affairs, said KrateoSky expects to earn about 60% of its revenue through federal contracts via military applications. The measure passed 4-3 with council members Brian Beck, Brandon McGee and Mayor Pro Tem Suzi Rumohr voting against the incentives. What you need to know KrateoSky will lease a 168,000-square-foot building at 3411 Mingo Road to build a manufactur- ing and research plant for aerial drones and could begin operations by late fall 2026, McCarthy said. The facility will employ about 260 people with
Officials pass low-cost housing amendments Denton City Council approved changes to the city’s affordability incentive program to encourage more affordable housing con- struction at an April 7 council meeting. The overview The program offers nine incentives for developers to rent or sell their units to resi- dents earning under 80% of the area median income, a presentation from Housing Pro- grams Coordinator Leia Atkinson showed. City documents state 48% of Denton households earn less than 80% of the city’s area median income based on their house- hold size. Atkinson said the incentives’ purpose is to lower costs for developers. The incentives include reductions in required parking, unit size and lot size and a building height increase.
Economic incentives for KrateoSky drone plant
New improvements rebate: $498,564 Job-based grant: $227,000 Sales and use tax rebate on construction materials: $94,500 Headquarters grant: $50,000
Total: $870,064
SOURCE: CITY OF DENTON/COMMUNITY IMPACT
Arts &Music McGee noted a lack of safeguards against other government agencies using the drones. Beck said he doesn’t want a military drone plant in Denton. “I would love to have a drone facility [here,] but I don’t think this is the right one,” Beck said. Festival salaries averaging $79,000 annually, city staff said. An economic impact report shows the plant will generate $950,000 in net revenue for the city. Denton County will receive $412,000 in revenue, while Denton ISD will receive over $1 million. On the other hand
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