Why Choose Jay Hedges Consulting?

In 2005, Jay became a member of the Texas Economic Development Council (TEDC), headquartered in Austin, TX. Because of his membership with TEDC, Jay attends their yearly meetings. Jay remains an active member, and because of my involvement have extensive relationships since 2005 with economic development representatives all over the state. See more about Jay at his LinkedIn Profile here. 

Building Owners, Investors, and Developers trust us to take a broad yet integrated view of the project from many perspectives. These examples below indicate how we have worked closely with clients to maximize the ROI on their investment

Jay Hedges Consulting is accredited with a 4+ rating.  After referrals from satisfied clients, the prestigious 5 STAR rating was given to my consulting business. You can see the whole BBB profile for Jay Hedges Consulting here. 

HOLT CAT: Little Elm, 2008-2012

Project summary:

  • The proposed project originally was approved for construction by the Town of Little Elm in 2008.

  • The project size was to be over 145,000 sq. ft.

  • Construction cost was budgeted at over $25 million.

  • Due to the economy in 2008, the project was downsized to 18-20,000 sq. ft.

  • I headed a team that negotiated the Economic Development Incentive package with the Town of Little Elm and the HOT CAT Owner Representative, Michael Puryear.

  • Incentives total over a million-dollar and included:

    • Reimbursement of the cost of bringing utilities to the property line.

    • Reimbursement of the cost of a new water line that would supply water for domestic water, the fire protection system, and the fire hydrants located on the property.

    • Reimbursement of the cost of excessive earthwork due to expansive soils.

    • An allowance for the training of new employees at an average rate of $1,000.00 per new employee.

    • A 60% Tax abatement for 10 years.

  • In addition to the Little Elm project, I assisted in the economic development negotiation for their $7.5 million facility in Longview, TX which was built in Fall 2007. 

Master Meter: Mansfield, TX 

Project Summary:

  • A new facility of 110,000 sq. ft.

    • Office 20,000 sq ft.

    • Production 30,000 sq. ft.

    • Warehouse 60,000 sq. ft.

    • Land sufficient to accommodate a 100% addition in 6-8 years depending on the economy at the time and achieving projected growth.

  • Land was to be donated.

  • Utility Impact Fees would be waived.

  • A training allowance of $1,000.00 per new employee was agreed to.

  • A 40% Tax Abatement for 10 years was included.

  • Reimbursement of a new gas line from off site to the property was included.

  • Total incentives were $500,000.00

Ajax Glass

Project Summary:

  • A new Headquarters that included:

    • Office space

    • Display

    • Warehouse

    • Total square footage was 48,000 sq. ft.

  • Economic Development Incentives:

    • Reimbursement of a 12” new water line from the property to the building.

    • Reimbursement of the cost to bring a gas line to the property line.

    • Reimbursement of the cost of the fire line from the property line to within 5’ of the new building.

    • Reimbursement of the cost of 2 new fire hydrants.

    • Waiving of the Utility Impact Fees.

    • A 30% Tax Abatement for 5 years.

    • A training allowance of $750.00 per new employee

    • Total Economic Development Incentives $175,000.00

  • Representatives were:

    • Ron Rainey-President of Benbrook EDC.

    • Buddy Moses of Ajax Glass

    • Myself, Jay Hedges

BFF

Project summary:

  • BFF is owned and operated by Mr. Charlie Pham.

  • BFF had their current HQ space in Arlington but it was not large enough and the same was true for the small warehouse space they had vs. their need.

  • BFF had acquired three tracts of land in Arlington on Arkansas east of SH 360 and planned to build their new Headquarters that would include office space for themselves, warehouse and shipping space and a sizeable Spec office space that was classified as Class A.  The Class A office space is something the City of Arlington had little to offer.  In addition, across the street, the plan was to build a large Self-storage warehouse.

  • An item lacking was suitable access to one of the tracts of land due to not having a media deceleration lane.

  • My role was to negotiate the incentives to enable the development of the project.

  • I made the introduction to the City’s Economic Development personnel and facilitated discussions which resulted in the following incentives being offered.

  • The City agreed to offer a 40% Tax abatement for 5 years tied to the commitment to build the Spec office space within two years of completing the BFF Phase 1.

  • They agreed to reimburse the cost of construction of a deceleration lane and agreed to allow a second curb cut entrance of 40’ into the BFF property.

  • The city would also reimburse the costs associated with bringing a new gas line to the property.

  • The city also agreed to reimburse the costs associated with increasing the existing water line to accommodate the automatic fire protection and reimburse the costs of 2 new hydrants and the water line from the property line to within 5’ of the building.

  • The valuation of this incentive package amounted to $250,000 to $300,000.

  • Construction began in 2018 with completion of Phase 1 expected in late 2019.

Photo courtesy Rose Design, www.rosedesigntx.com

Contact Us

 Address. 823 Doral Drive Mansfield, TX 76063

Tel. 817-689-6775