City okays incentive agreement with Kroger

February 6, 2014

The Granbury City Council has approved a “Chapter 380″ agreement for Kroger corporate executives who are planning to build a bigger store across Highway 377 from H-E-B. The Commissioners Court will consider the county equivalent of the partnership, which is called a “Chapter 381″ agreement. The agreements are allowed through the Local Government Code and are intended to promote state and local economic development. They involve a partial return of the annual sales tax and property tax assessments over a certain period of time. The tradeoff benefits local economies through job growth and boosts to the tax base. The planned Kroger store will  be like the recently opened Kroger Marketplace in Forney, offering clothing and other non-grocery items.

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