Good things come to those who wait.
We first connected with Clayton Homes over four years ago. It all began on July 6, 2017 when we received an inquiry from our broker on behalf of Jim Stariha, CEO of Clayton Homes. The company was interested in purchasing the former ATCO building from the Wichita Falls Economic Development Corporation. Fast-forward past some environmental issues, and here we are. Clayton Homes is now the owner of the building, located at 2400 Burkburnett Road, and they have big plans.
The company intends to hire at least 181 people and invest $15-20 million in the building, turning it into a real showplace. We’ve seen some of their other facilities, and they’re right; I can’t wait to cut the ribbon and show you once they’re done.
In case you’re interested, the financial breakdown looks like this:
- Clayton Homes purchased the building for $1 million. This money will go back into the WFEDC’s bank account to be used for future projects.
- The company will receive $7,500 for each person they hire up to 181 workers, not to exceed $1,357,500. This payment will be made only after each employee has been on the job for at least six months.
- If the company has to recruit any workers to move here from outside the area, the WFEDC will help offset the additional costs of relocation. This incentive would pay the company $8,000 per employee who moves here from outside the MSA after being employed for at least six months, up to a maximum of 20 employees.
- The WFEDC will provide up to $217,200 in training funds, only if a training grant application to the state is not successful.
This project is structured to protect the taxpayer investment while encouraging Clayton Homes to do business here. Thanks to everyone who helped with this project: past and present WFEDC members, city staff, elected officials from the City and County, the Chamber team and others, and especially project manager Travis Haggard. Hundreds of hours have gone into landing this deal, and we’re all grateful that it finally paid off.
PS – If you’d like to learn more about Clayton Homes, these two links will tell you more about the company and their manufacturing efforts: