LUBBOCK - The Lubbock Economic Development Alliance (LEDA) announced the creation of 261 new jobs. The additional jobs come as a result of the expansion of one local business and relocation of one new business to the Lubbock community.
Custom Teleconnect is a full-service operator service provider focused toward the telecommunications industry. The company is headquartered in Las Vegas and currently has locations in both Las Vegas and Lubbock.
There are currently around 40 employees in the Lubbock office and the expansion will add 163 new employees over the next few years. These jobs will total almost $3.5 million in annual salaries with a capital investment of approximately $228,000.
The second company to announce new jobs is Republic National Distributing Company (RNDC), the nation’s second largest premium wine and spirits distributor.
The company is consolidating their Amarillo and Odessa distribution centers to create one — West Texas distribution center in Lubbock. They plan to build a 125,000-sf facility at the Lubbock Business Park for the distribution center.
Over the next five years, RNDC will create 98 new jobs with total annual salaries equaling $3.5 million and a capital investment of $5.6 million.
The jobs created from these projects equal more than $7 million in annual salaries with a capital investment of more than $5.8 million.
Once fully operational, the total annual economic impact of these projects is $36,868,547.
Source: Lubbock Economic Development Alliance