Premium Waters, Inc. to Build New $80 Million Manufacturing Facility in Seguin, Texas
19 Apr 2023
Press Release, Manufacturing, News, SEDC
SEGUIN, TX - The Seguin Economic Development Corporation (SEDC) and the City of Seguin announced today that Premium Waters, Inc. will build a new state-of-the-art manufacturing facility in Seguin, Texas. Premium Waters, Inc. expects to break ground before the end of 2023 on a 27-acre site located at Freeport Way and Crossroads Boulevard. The project will represent a total capital investment of at least $80 million and will result in the creation of at least 60 full-time jobs at an average annual wage of $60,000. Premium Waters expects to break ground on the project by the end of 2023, with operations commencing in 2024.
“We are excited that Premium Waters will be making this substantial investment in Seguin. The City of Seguin has a diversified water portfolio, and our water supply is in an excellent position to accommodate not only the needs for Premium Waters, but also the long-term needs of our rapidly growing community,” said Seguin City Manager Steve Parker. “The city has its original water rights along the Guadalupe River, but its surplus is largely a result of the Schertz-Seguin Local Government Corporation - a joint partnership between the City of Seguin and the City of Schertz - which secured water from the Carrizo-Wilcox Aquifer in Gonzales County.”
The SEDC and Premium Waters have entered into a Performance Agreement for an Economic Development Incentive, which was approved by the SEDC Board of Directors and Seguin City Council on April 18, 2023. The $150,000 incentive is performance based and will be incrementally released to Premium Waters upon verification that certain capital investment, job creation, and payroll performance benchmarks have been met over the term of the agreement.
“This is a great win for the Seguin community.” said Josh Schneuker, Executive Director of the Seguin Economic Development Corporation. “In addition to the substantial investment Premium Waters will be making in Seguin, they are also going to be creating dozens of new jobs with an average wage that exceeds the average wage for Guadalupe County. We are extremely excited to announce this project and look forward to a long and mutually beneficial relationship with Premium Waters.”
About The Seguin Economic Development Corporation (SEDC)
The Seguin Economic Development Corporation was created in 1994 as a type “4A” Corporation under state law. Seguin Economic Development has worked to promote Seguin as a premiere destination for businesses looking to expand or relocate. Voter created, SEDC receives a portion of Seguin’s sales tax to market Seguin and provide incentives to industries such as manufacturing, biotechnical, distribution, energy and technology. SEDC works with existing companies in Seguin and new businesses that are looking to expand their operations.
About Premium Waters, Inc. (PWI)
Premium Waters, Inc., based in Minneapolis, Minnesota operates 21 locations across the U.S. and supplies both retail and non-retail segments of the business. Premium Waters, Inc. bottles both private label and branded products.