A major truck manufacturer is eyeing McKinney for a new manufacturing plant.
Seattle-based PACCAR Inc. has reached a preliminary agreement to build a 130,000-square-foot manufacturing facility in McKinney, the city's economic development agency says.
PACCAR, which owns Peterbilt, is the largest private employer in Denton. Here, they manufacture trucks, plus have offices for the division's headquarters.
The $20 million project will create about 200 jobs.
PACCAR's Dynacraft division builds trucks under the Kenworth, Peterbilt and DAF brands.
"We are very pleased to welcome PACCAR to McKinney as our newest corporate citizen," Jason Burress, chairman of the McKinney Economic Development Corp., said in a statement. "I believe McKinney will foster an economic environment where Dynacraft's presence in our city will grow well beyond its considerable initial investment."
The proposed plan will be at Wilmeth Road and Redbud Boulevard.
The McKinney economic development group and the city are still working to finalize the deal, which would receive economic incentives.
PACCAR manufactures a variety of trucks, diesel engines, provides financial services and distributes truck parts.