The Wylie Economic Development Corporation (WEDC) is proud to announce that DCU, Inc. plans to construct a new 11,200 square foot facility in Regency Business Park.
Due to redevelopment activities, DCU, a legacy Wylie business for more than 20 years, was contemplating possible relocation outside of city limits. WEDC staff worked with the Board of Directors to help develop a performance agreement designed to retain this business within the Wylie Community. On September 20, 2017, the WEDC Board of Directors voted unanimously to approve a $100,000 performance agreement to support DCU’s investment toward a new production facility in Regency Business Park.
"The new construction, installation of utilities, site development, and overall relocation expenses were all determining factors in our analysis. The WEDC Board did not want to lose such a unique manufacturing company,” stated Assistant Director Jason Greiner. “Helping small businesses, especially manufacturing and primary employers, is a no-brainer but having the ability to retain these companies and help them flourish in Wylie is a key role for our business retention program,” he continued.
“We worked hard to find a solution that would address the immediate issues associated with constructing a new facility, while structuring a program that would support their long-term success in the new location,” stated Executive Director Sam Satterwhite. “In the end, we believe retaining this business and securing this investment in Wylie was a positive step for both the business and the community. The new construction adds over $1MM to the tax rolls in Regency Business Park." he added.
About DCU, Inc.
DCU Inc. is a privately owned and operated manufacturer of aerospace engineering models for clients spanning government, military and industrial business applications. They started operation in Anaheim, California, in 1982 and relocated to Wylie, Texas in 1995. For more information please visit their website: www.dcumodels.com.