MPS gets $384K from SEDCO for workforce investment
5 Sep 2018
Sep 5, 2018, By: Drew Smith, Herald Democrat
The Sherman Economic Development Corp. delivered a $384,000 incentive check to Modular Power Solutions on Tuesday morning after the electrical builder made good on its two-year pledge to hire new workers.
MPS, which produces electrical infrastructure units for digital data centers, entered into an economic development performance agreement with SEDCO in September 2016 and fulfilled the expansion and investment requirements by retaining 50 employees and hiring an additional 47 employees. A press release distributed by SEDCO said the workforce investment cost MPS an estimated $943,000.