"OQ, distillery 1 step closer to tax abatement" by: Jessica Shepard

   Commissioners unanimously approved establishing reinvestment zones for future tax abatements for OQ Chemicals and Matagorda Bay Distillery during their regular meeting Monday, June 28.
   “This is just a step in the tax abatement process,” said County Attorney Jennifer Chau.
   “Establishing these as reinvestment zones are necessary to pursue tax abatements.”
   Chau added that among several requirements for a reinvestment zone the projects must reasonably contribute to increasing employment and providing tax revenue.
   Matagorda Bay Distillery plans to open its 45-acre facility in Wadsworth this year.
   The distillery will produce rum and have its own event center.
   “I believe this is a quality of life initiative and will be a tourism draw to the county,” said County Judge Nate McDonald.
   Both the Bay City Community Development Corporation (BCCDC) and Matagorda County Economic Development Corporation (MCEDC) expressed support for the reinvestment zones.
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