A new automotive parts manufacturer may soon be moving shop to Van Alstyne, officials with the Van Alstyne Economic Development Corporation said Tuesday. VAEDC Director Jodi Carr announced during the public comments period of Tuesday’s City Council meeting that McKinney-based turbocharger manufacturer Forced Performance plans to relocate to Van Alstyne.
Carr said the business is looking to expand and will use a previously-built facility in the city’s industrial area on Martin Duke Road. Carr said space proved to be a factor in the decision to relocate.
“He simply needed a bigger space,” she said, following the meeting. “He was out of space at his current facility.”
Carr said the business is owned by Robert Young, who has been in the automotive business for nearly 20 years. The business is focused on the production of after-market automotive parts, with a focus on turbochargers for race and performance vehicles, she said.
Calls to Young and Forced Performance by the Van Alstyne Leader were not returned by Wednesday afternoon.
Carr said the manufacturer will likely see symbiotic business coming from a proposed motor sports race track slated to open near Anna. However, Carr said the manufacturer will not have an open storefront and will primarily do business through wholesale and shipping.
When asked about the impact of the new business, Carr said she expected it to increase the city’s tax base through sales and additional employment. With the new location, Carr said the manufacturer is looking to employ 16 workers, and has already started hiring ahead of the move. Van Alstyne City Manager Frank Baker added that the addition of Forced Performance to the community adds more diversity to the city’s economy and business community.
As a part of the move, Carr said Young has been offered a $25,000 incentive package based on job creation over the next five years. Despite the lengthy time frame, Carr said Young is already close to satisfying the terms of the agreement.
Carr, who joined the VAEDC in 2016, said talks with Young started in December 2016, but Young started his search for a new location in late 2015.
This recruitment represents the second new industrial employer that has been brought to Van Alstyne in 2017, Carr said. In May, city officials welcomed LaCore Labs, a neutraceutical manufacturer, to its Cold Springs Industrial Park. LaCore manufactures products ranging from health products, energy drinks and protein shakes to cosmetics and night-and-day creams.
LaCore is expected to maintain a workforce of about 200 employees by the end of its first year in the city, Carr said.