Three Longview expansions spur 105 jobs, $15M investmentThree Longview expansions spur 105 jobs, $15M investmenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=5122015-07-01T12:05:00Z2015-07-01T07:15:00Z

LONGVIEW - The Longview Economic Development Corporation (LEDCO) voted to approve three performance contracts for expanding companies resulting in $15 million combined initial capital investment and 105 direct new jobs.

  • iClassPro Inc. will invest $4 million to construct its company headquarters and a distribution center in the Longview Economic Development Corporation’s North Business Park. The technology company also plans to add 19 full-time employees to the payroll. LEDCO agreed to provide 14 acres in the North Business Park and reimburse the company up to $100,000 for site preparation.
  • Norris Cylinder Inc. plans to install a second forge at their corporate headquarters location in Longview. The company will make a capital investment of $10 million and create 22 new full-time jobs. The LEDCO board approved a $500,000 performance grant for the project.
  • STEMCO will relocate a recently acquired California-based company, ATDynamics, to their Longview facility. The LEDCO board voted to provide a performance grant for $550,000. STEMCO will invest a minimum of $1.15 million and create 64 new full-time jobs.

Source: Longview Economic Development Corporation

Longview Economic Development Corporation
http://longviewusa.com/node/3145Read more at {Source}

 Search NewsTalk Texas