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AUSTIN (KXAN) – Several Austin-based restaurants recently announced that they will be expanding south to Kyle.
The town of Kyle awaits a new flavor with places like Torchy’s Tacos, P. Terry’s, Z Tejas, and more moving to the area.
“There isn’t enough seating out there [in Kyle]”Said Randy Cohen, chief energizing officer and co-owner of Z Tejas. “We need a few spaces to park our booty shakers out there.”
While it was the corridor that caught Fr. Terry’s attention, it was Kyle’s business incentive program that attracted Z Tejas. The city program helps companies with up to 100% of sales and property taxes.
“It’s a natural part of our growth strategy, which has been going on for about 18 months … and it really is part of the I-35 corridor between Austin and San Antonio,” said Todd Coerver, CEO of P. Terry.
“The restaurant business isn’t easy, so some of the tax incentives were a big factor for us when we said, ‘Yeah, let’s get on the Kyle Loop,’” Cohen said.
Kyle’s incentive program has been in place for about a year and a half.
“We sat down and said how we could make the city more attractive to restaurant groups because we knew the population was growing enough that it was time to land some of those restaurants,” said Kyle Mayor Travis Mitchell.
The incentives are limited to three years for each company.
“It’s designed to give the boost some of these restaurants need,” said Mitchell.
For Z Tejas, recovering from pandemic losses, the timing couldn’t be more perfect.
“People want out, they’ve been locked up for a few years,” said Fr. Terry’s chief operating officer and co-owner Robert Nethercut.
Cohen is excited.
“I think when you grow in the right places where people are hungry for you to come out … like Kyle. You’re going to do really well, ”said Cohen.
According to the City of Kyle, there are roughly six companies that have plans to expand Kyle with an interest in taking advantage of his incentive.
P. Terry’s and Z Tejas are expected to open in spring and fall of 2022.
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https://www.kxan.com/news/local/austin-based-restaurants-expanding-to-kyle-with-nudge-from-incentive-program/
