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.