SEDCO set to give Finisar $500K incentive payment
9 Oct 2018
Oct 9, 2018, By: William C. Wadsack, Herald Democrat
The Sherman Economic Development Corp. could soon present Finisar Corp. with the first half the $1 million incentive agreement that was agreed to in March.
The SEDCO board of directors approved a restructuring of the payment schedule for the incentive agreement approved earlier this year that will see the corporation providing Finisar four payments of $250,000 each over a two-year period as the electronic components manufacturer invests $160 million in capital equipment and construction in its Sherman facility in the former MEMC building.
Utter, Bandemir appointed to SEDCO boardOct 5 2018
Oct 5, 2018, By: William C. Wadsack, Herald Democrat The board of directors of the Sherman Economic Development Corp. is getting two new members. The Sherman City Council appointed Gail Utter and Scott Bandemir to the board following an executive session discussion Monday evening. Utter is the managing...
Sherman approves 2019 SEDCO budgetSep 27 2018
Sep 27, 2018, By: William C. Wadsack, Herald Democrat There’s been a lot of administrative change at the Sherman Economic Development Corp. over the last year, but the organization isn’t planning much change for its budget in the new fiscal year. The Sherman City Council approved SEDCO’s 2018-2019...
Sep 19, 2018, By: Richard A. Todd, Herald Democrat Finisar Corp. joined a host of manufacturing firms to provide financial support for area students involved in the Advanced Manufacturing Program. The company, which is among Texoma’s newest manufacturers, presented a $25,000 on Wednesday afternoon to help fund the program...