PACCAR INC. Truck Manufacturer Coming to McKinney
Fortune 500 truck manufacturing company PACCAR (Nasdaq: PCAR) has decided to open a new facility in McKinney for it’s Dynacraft division. The deal should be approaching finalization in the next couple of weeks. The manufacturing facility will be built on the corner of Wilmeth Road and Redbud Boulevard and estimated to be 130,000 square feet! The McKinney Economic Development Corporation have reached an agreement with PACCAR stating that there $3.3 million in economic incentives including $1.1 million land transfer for opening the McKinney location. PACCAR will make a capital investment of over $20 million and 200 jobs over the next six years giving McKinney the opportunity to grow along with its increasing population. Dynacraft manufactures trucks and over 25,000 parts for Kenworth, Peterbilt, and DAF nameplates. Dynacraft’s headquarters is located in Algona, Washington along with a 150,000 square foot facility in Louisville.