SEDCO approves $67K incentives for Eaton construction
12 May 2021
News and Media
5/12/21 (Michael Hutchins, Herald Democrat)
Eaton B-line could soon receive some assistance in a minor expansion at its Sherman production plant. The Sherman Economic Development Corp. approved an incentive of up to $67,200 the construction of new facilities at the plant during a meeting Tuesday afternoon.
The incentive relates to a new $672,000 construction project that the manufacturer is pursuing. Under the terms of the agreement, SEDCO could provide up to 10 percent of the cost related to the construction of a concrete pad, storage building and racking along with equipment and tooling costs.
Documents from Tuesday’s meeting note that the project involves a new product line for the manufacturer that is geared for the oil and gas markets. The investment will involve new tooling and equipment needs for the manufacturer along with storage space.