The corporate offices of Asian fusion restaurant chain Pei Wei may be relocating to North Texas.
The Irving City Council is set to consider an economic incentive deal for Pei Wei Asian Diner LLC, currently based in Scottsdale, Arizona at its Thursday meeting.
The economic incentive pacage won’t exceed $75,000, according to city documents. The company would relocate its headquarters to 6191 N. Highway 161 in Irving.
If the relocation occurs, Pei Wei is expected to relocate or hire at least 100 new employees with an average annual salary of $125,000. According to information from the council packet, “The project has the capacity to result in an increase in real property taxable value of $1,000,000; increase in business personal property taxable value of $500,000; relocation/hiring of at least 100 new employees with an average annual salary of $125,000; and generate at least 1,000 room nights annually at Irving hotels.”
The council packet information says the city, along with the Greater Irving-Las Colinas Chamber of Commerce, worked with Pei Wei on the agreement.