Kilgore OKs $400,000 deal with Triumph to keep jobs in town

KILGORE – The Kilgore Economic Development Corp has approved as much as $400,000 to promote a $5.3 million investment by Triumph Structures in its Kilgore facility and the retention of 106 full-time employees.

The development corporation agreed to pay as much as $100,000 per year for four years if the company invests in the property and keeps at least 106 full-time employees during the period.

The money will go for an expansion of the company’s facility at 703 Old Hwy. 135 and to purchase equipment.

“There could have been job loss, because if you don’t maintain your competitiveness then you could potentially lose contracts and if you lose contracts you lose jobs,” said KEDC Executive Director Amanda Nobles.