Waco Industrial Foundation
Waco Industrial Foundation (WIF), a driving force in economic development in Greater Waco for more than 60 years, was established in 1952 when the post-World War II era was driving industry to the south. Greater Waco needed a vehicle for having sites available and financing ready for companies wanting to build.
Community leaders, with support from the Chamber, formed the foundation and began its task of acquiring land that became the Texas Central Industrial Park. The foundation is directed by a 24-member volunteer board representing more than 40 local businesses under the management of the Greater Waco Chamber.
WIFā€™s assets include more than 1,600 acres with a book value of $25 million and a market value of more than $45 million. Available properties are located in Texas Central Park, Robinson Business Park and the Waco International Aviation Park.
WIF has continued to serve its goal of promoting development by providing land and land incentives to numerous companies, making the process for them to purchase land more efficient.
Additional Information About the Waco Industrial Foundation:
- Continues to maintain an inventory of fully-developed sites for greenfield development
- Sites offer proximity to Interstate 35, Union Pacific and BNSF mainline rail systems, Texas State Technical College industrial airport and commercial air service at Waco Regional Airport
- Offers creative financial packages for sites within its industrial parks, including utility assistance
- Works closely with the Waco/McLennan County Economic Development Corporation (WMCEDC), which is made up of WIF board members and representatives from the City of Waco and McLennan County
- Works with WMCEDC to tailor incentive packages for companies in the district
About the Industrial Parks
Texas Central Park and Robinson Business Park span more than of 4,300 acres that include a Professional Park, Class A Business Park, commercial frontages (up to 100 acres) and extensive industrial sectors for turn-key development.
Texas Central Park is located along Interstate 35 near Highway 84. The Union Pacific Railroad runs through the park. Fully-developed greenfield sites are available for everything from advanced manufacturing to distribution centers. Additionally, more than 90 businesses are located in the park, including Amazon, AbbVie, Coca-Cola Company, Mars Wrigley Confectionery, Versalift, Howmet Aerospace, Tractor Supply Company Distribution Center and Caterpillar.
Texas State Technical Airport / Waco International Aviation Park provide sites for the aviation industryā€™s continued growth.
The 8,600×150-foot primary runway and an alternative runway are managed by a control tower with 24-hour services and 10 acres to 200 acres tracts available with airfield accessibility on a two-million-square-foot apron. There are approximately 300 acres within the 1,064-acre Waco International Aviation Park, offering proximity to the TSTC Waco industrial airport, US Highway 84 and Interstate 35. The property includes 200 acres designated with Foreign-Trade Zone status.
Major tenants at the airport and business park include Sanderson Farms, Keurig Dr Pepper and L3Harris. Additionally, Triple Freeport Exemption is available on the property.
Robinson Business Park provides more than 600 acres of land at the crucial intersection of Interstate 35 and Highway 6/Loop 340.
The Robinson Business Park is the Waco Industrial Foundationā€™s newest acquisition and is comprised of approximately 175 acres of commercial-zoned land, and more than 460 acres of light industrial land. The property is served with transmission-grade utilities that can serve virtually any demand requirements and is one of the few industrial parks accessing the WMARSS reclaimed/purple pipe water system (20ā€¯ line).
Plans call for a new roadway that will bisect the Robinson Business Park, granting access onto Interstate 35, Loop 340 and Greig Drive, which serves as the southeastern boundary of the property. Unrecorded covenants have been drafted to ensure a premium quality business park that seamlessly brings together commercial and retail with light industrial and distribution users.
For more information about the industrial parks, please call (254) 757-5635.