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Denton County Commissioners Court unanimously approved a Tax Abatement/Reinvestment Zone application for Retractable Technologies, Inc. (RTI) earlier this month, allowing a five-year 50 percent tax abatement on real and personal property. The Little Elm company, a pioneer in providing effective safety syringes with automated retraction syringes and needles, will increase manufacturing capabilities as part of Operation Warp Speed and the upcoming vaccination campaign across the U.S. The U.S. Department of Defense through a Technology  Investment Agreement has agreed to fund $53.6 million to increase RTI’s manufacturing capacity for the production of safety needles and syringes for current and future pandemic response.

Denton countyUnited statesLittle elmJennette espinosaRandy eadsRon marchantUs department of defenseLittle elm economic development corporationDenton county commissioners courtEconomic development michael talleyRetractable technologies incReinvestment zoneRetractable technologiesOperation warp speedInvestment agreementDenton county judge andy