SAN ANTONIO - A large empty field along FM 78 in Seguin will soon be transformed into an approximately 250,000-square-foot automotive manufacturing facility.
The plant will be part of the larger Seguin Exchange, a 544-acre mixed-use development planned between FM 78 and Interstate 10.
The Seguin Exchange is planned across hundreds of acres outlined in red on development plans. Within the project, KTH Texas will build its new automotive manufacturing plant.
Residents say they're excited about the economic opportunities the project could bring.
"You know we do need new jobs," said Seguin resident Terry Anderson.
The new facility will manufacture vehicle underbody chassis using robotic welding, metal stamping and shipping operations. According to Alora M. Wachholz, Director of Economic Development for the City of Seguin and Executive Director of the Seguin Economic Development Corporation, the project represents a $127 million investment.
The facility is expected to create 173 new full-time jobs, with wages required to be above the Guadalupe County median.
"We're so excited that we are gonna be welcoming KTH," said Wachholz.
To help bring the project to Seguin, the city approved about $3.6 million in performance-based tax incentives spread over 10 years. The incentives will only be awarded if the company meets its agreed-upon investment and job creation goals.
"This corridor is a great region for automotive suppliers to enter into contracts with Toyota in San Antonio, with Tesla in the Austin area, as well as other suppliers," said Wachholz.
Beyond the automotive facility, the Seguin Exchange is planned to include light industrial buildings, more than 700,000 square feet of retail space and multifamily mixed-use development.
"They'll be bringing over 700,000 square feet of retail. There will be some multifamily mixed-use components out there," said Wachholz.
While many residents welcome the development, some are concerned about increased traffic.
"However, that's gonna bring a whole lot more people to this area, which is gonna bring a whole lot more traffic," said Anderson.
TxDOT is already widening Interstate 10 East and has proposed additional improvements at the intersection of I-10, FM 78 and SH 46, adjacent to the Seguin Exchange development.
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