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 RTIâs manufacturing capacity for the production of safety needles and syringes for current and future pandemic response.
Much to hope for, learn from in this pandemic
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How Denton County s tax abatement approval will help with the COVID-19 vaccine
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While Denton County is still waiting for COVID-19 vaccines, county officials will discuss asking federal leadership to pass a new bill providing direct aid to counties during Tuesdayâs Denton County Commissioners Court meeting.
The requested legislation would include not just providing direct aid for all counties, but also the extension of the current deadline for Treasury Coronavirus Relief Fund dollars into 2021 and âreasonable âguardrailsâ that ensure COVID-19 relief dollars are tied to the public health, economic and community impacts of COVID-19.â
County spokesperson Dawn Cobb said many counties across the nation are sending similar letters as part of a collective effort spurred on by the National Association of Counties. She said Denton Countyâs letter, should commissioners approve it, will be tailored to the countyâs specific needs.