Builders FirstSource To Expand In Texas Innovation Corridor
The manufacturer and supplier of building materials will invest over $16 million to relocate its lumber yard and building supply distribution facility to Kyle, TX.
Builders FirstSource will relocate its lumber yard and building supply distribution facility from Buda, TX to a larger, 47,000-square-foot building in Kyle. The nation’s largest manufacturer and supplier of building materials will create 40 new jobs in Kyle and invest more than $16 million into the Texas Innovation Corridor.
“We are excited for the opportunity to expand our footprint in Texas,” said Builders FirstSource Division President Mike Hiller. “Builders FirstSource is invested in building communities, and our growth in Texas not only benefits the people of Kyle, but our business as well. We look forward to a continued successful partnership with Hays County.”
The new location will primarily be used to supply building materials to residential builders who are constructing new homes along the Interstate 35 corridor between Austin and San Antonio. Construction of the building in Hays County is estimated to begin in early 2023, with an anticipated completion date of July 2023. Rail spur work and site work has already begun.
“The Texas Innovation Corridor’s construction and real estate market continues to exponentially outshine other markets across the country, which makes the timing of this business expansion so pivotal,” said Jason Giulietti, President & CEO of the Greater San Marcos Partnership. “Hays County was the perfect launchpad for Builders FirstSource, and the company’s strategic decision to remain in Hays County during this growth underscores the region’s attributes that continue to set companies up for success.”
On Nov. 1, the Kyle City Council approved a performance-based grant agreement with Builders FirstSource. Hays County has also entered into a performance-based agreement with the company.
“With this new location, Builders FirstSource will become the City of Kyle’s largest payer of sales taxes and a fundamentally critical business in our city,” said City of Kyle’s Department of Economic Development Director Victoria Vargas. “Companies like Builders FirstSource realize that Kyle has the critical infrastructure to support exponential growth and business success, which is diversifying our local economy, strengthening our local tax base, and improving the quality of life for our residents.”
This location is the first economic development announcement in the Texas Innovation Corridor for fiscal year 2023, which began Oct. 1, 2022. The region finished fiscal year 2022 with nine announcements totaling more than $2 billion in capital investment, 2,500 jobs. and more than $284 million in projected new tax revenues.
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