September 13, 2021 – Wichita Falls, TX – Clayton Homes officially purchased the former ATCO building at 2400 Burkburnett Road from the Wichita Falls Economic Development Corporation (WFEDC) for $1,000,000 and will create between 180-200 jobs with a projected capital investment of $15-$20 million dollars.
“We first started working with leadership from Clayton Homes in the summer of 2017. Congrats to everyone involved for not giving up and making it happen. This sort of project is exactly why the citizens of Wichita Falls voted to tax themselves for economic development over 20 years ago,” said Wichita Falls Chamber President and CEO Henry Florsheim.
The incentive package approved by the WFEDC and the City Council totals no more than $1,734,700 and includes the following:
- Cash for jobs $1,357,500 (paid after an employee is employed for a minimum of six months)
- Relocation Incentive- $160,000. The WFEDC will pay $8,000 per employee the company relocates to Wichita Falls up to a maximum of 20 employees (payment will only be granted after an employee has established a residence and been on the job in Wichita Falls for a minimum of 6 months).
- Skills Development Grant – $217,200. The EDC will “backstop” (meaning the WFEDC will pay up to this amount if Clayton Homes is not able to obtain the grant from the State).
“The WFEDC board is very excited to have this project in our community. The community should be proud of our Chamber and City staff and their persistent efforts. Clayton Homes is an outstanding company that is going to make a significant investment in our community and provide quality jobs,” said WFEDC President Leo Lane.
Clayton Homes is a modular, manufactured, mobile home manufacturer with over 350 home centers and offers a variety of housing options to fit families’ needs. Their passion is about more than just building homes. It’s about making the world a better place for its customers, communities, and future generations. Guided by the owner’s vision of driving innovation, improving lives, fostering inclusion, and giving back to the communities where we live and work, Clayton Homes’ more than 20,000 team members are united around a common goal: to make the dream of homeownership possible for more families. Learn more at claytonhomes.com.