Lubbock expansions: 66 jobs, $66 million in investment | Lubbock expansions: 66 jobs, $66 million in investment | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=18236 | 2017-11-03T05:00:00Z | 2017-11-03T22:40:00Z | LUBBOCK – The Lubbock Economic Development Alliance (LEDA) announced the creation of 66 new jobs and $66 million in capital investment.
The additional jobs and investment come as a result of the expansion of two local businesses.
X-FAB Texas Inc. expanded its operations to include the production of silicon carbide power devices.
Now, Lubbock is the first six-inch silicon carbide foundry in the world.
The upgrade will create 50 new jobs related to Wide BandGap manufacturing with a total value added impact of $7.5 million.
Currently, the Virginia-based company distributes organic feed from the “Hub City” to eastern and western portions of the United States.
The expansion will create 16 new jobs and result in a capital investment of $1,182,000.
In order to begin manufacturing organic feed, New Country Organics refurbished its current location at 1413 Ave. B to meet organic production standards.
New Feed Organics will officially begin manufacturing 160 different types of organic feed in late 2017.
Once fully operational, the total value added impact will be $2,247,152 annually.
| Lubbock Economic Development Alliance
| Lubbock
| Industrial
| http://lubbockeda.org/news-center/leda-press-releases/ | | | See the full LEDA press release here.
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