Careington International Corporation, the Frisco-based benefits and discount-program company, plans to pour $13.5 million into its three local facilities over the next five years, with the city now asking the state to sweeten the deal with a tax incentive. The investment includes new infrastructure, furnishings, equipment and a major IT hardware overhaul across the company's Frisco footprint.
What the Investment Covers
Of the total, about $3.5 million is earmarked to upgrade facility infrastructure and purchase furnishings and equipment, according to Community Impact. The remaining roughly $10 million is slated for new IT hardware spread across Careington's three Frisco facilities, which the outlet reports will support the company's continued business growth.
Careington's Frisco footprint includes its corporate headquarters along with offices that support its discount programs and employee benefit services, per the same report. The company provides employers and organizations with discount programs and benefit services covering healthcare, wellness and lifestyle needs, including dental, vision and telehealth offerings.
City Council Nominates Careington for State Incentive
During a Nov. 3 meeting, the Frisco City Council approved a resolution nominating Careington for consideration as a Texas Enterprise Project, a designation that can make a company eligible for state tax incentives. The Texas Economic Development Bank will now review the company's nomination and application to determine whether it qualifies for designation, the article notes.
City documents say the designation would be tied to the creation of 20 new full-time jobs and the retention of 450 full-time positions already based in Frisco. The same documents state that the nomination will have no impact on the city's general fund.
How the Enterprise Zone Process Works
Under the state program, Texas communities must nominate companies in their jurisdiction and submit an application on the company's behalf for a company to become eligible for state sales and use tax refunds on qualified expenditures, according to the Texas Enterprise Zone program. Employment and capital investment commitments must be met before the designation period expires, per the Texas Economic Development and Tourism Office.
Frisco has participated in the enterprise zone program since 2012, having previously nominated local businesses including Keurig Dr Pepper Inc. and Dallas Cowboys Pro Shops, L.P., the report states. A 2024 report from The Dallas Morning News described a similar push by Keurig Dr Pepper, which sought an additional $25 million investment in Frisco in exchange for tax rebates tied to retaining 490 full-time jobs and creating 10 new positions at The Star.
