Community Profiles

Since 1994, GRUMA Corporation (“GRUMA’’) has occupied a 209,000 square foot facility in South Dallas which was one of nineteen tortilla plants the company operates nationwide. To consolidate and streamline operations among several of its plants, GRUMA began planning a multiyear expansion and consolidation plan. After careful evaluation, GRUMA decided to pursue a build-to-suit lease structure in Grand Prairie, Texas within two phases. To implement the expansion plan, the company began working with a local developer in late 2016 on a 775,000 square foot manufacturing facility. Phase I totaled approximately $147.5 million and includes: leasehold improvements to the building adding office space, large training facilities, an employee cafeteria, a culinary kitchen, research and development facilities, an interior cooler warehouse, and the construction of fourteen production lines. Phase II of the plan included the construction of the equipment lines and the completion of the interior build-out.

MBS CDE sought the opportunity to fund Phase II of the project, which consists of the reimbursement for four lines, the direct purchase of the Borrower’s acquisition of equipment for two lines (the Flour Line and the United Corn Chip Line) and additional financing costs. Each new line added to the facility creates approximately 40+ FTE direct high-quality production jobs and GRUMA’s investment in the plant facilitated the company’s long-term plans to drive additional investment to the Grand Prairie location and to solidify the plant’s status as a long-term location for GRUMA.

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Quick Facts 

Project Goal: Renovation of a manufacturing facility in support of regional job growth and neighborhood reinvestment.

Square Footage: 775,000

Total Project Cost: $36,184,235

Developer/Owner/Leverage Lender: GRUMA Corporation

Allocatees: MBS Urban Initiatives CDE, USBCDC, VAF CDE and TMF CDE.

NMTC Equity Investor: US Bank CDC

Projected PreDevelopment Jobs: 102 FTEs

Projected Permanent Jobs:   418 FTEs Retained/ 319 FTEs Created

Community Partners: Texas Workforce Commission, VAF, USBCDC and TMF.