Liberty, TX is one of the many communities where the federal Brownfields Tax Incentive has brought new jobs to formerly abandoned industrial plants.
The National Tube and Pipe (later Allied Pipe and Tube) opened in Liberty in 1973 and eventually became the largest employer in the town. When the company closed in 1993, it left behind a 492,000 square-foot manufacturing facility contaminated with PCBs, asbestos, a polluted retention pond and petroleum.
In 2009 Boomerang Tube, a manufacturer of pipe and tubes for oil and gas customers, announced its intent renovate and expand the old National Tube and Pipe factory into a new, state-of-the-art manufacturing facility. The project would bring 350 manufacturing jobs back to Liberty in the process. Boomerang Tube had one significant hurdle, though: an estimated $1.2 million in cleanup costs.
The federal Brownfields Tax Incentive program helped make cleanup feasible for Boomerang. The Tax Incentive effectively limited the impact of cleanup costs on the development budget. Tax abatement and other local incentives also factored in, and Access Industries provided financing for the project. All of this helped clear the way for a $200 million investment in the plant and equipment.