Skip to main content

EDC assists business, entity

May 19, 2011

Big Spring Economic Development Corporation has entered into an agreement to help a local business with its expansion plans.

Terry Wegman, executive director of the BSEDC, said the board has agreed to help John Crane Solutions, a manufacturer of fiberglass sucker rods for the oil field industry.

“They are in expansion mode at this point and are looking to add 18,000 square feet,” Wegman said. “The project is estimated to be over $1 million and will increase production.”

The agreement will be in the form of a $600,000 loan which can be forgiven if John Crane Solutions meets certain payroll and employment benchmarks, according to Wegman.

For more information, you may subscribe to the Big Spring Herald or purchase an e-edition.

Erin Pollard and Julianna Rodriguez collected more than a few accolades for their prowess on the...
The Coahoma Bulldogs might want to petition AT&T for a sponsorship package after their...
It probably wouldn’t surprise anyone if the Grape Creek Lady Eagles had decided to purchase Kasey...

 

Premium Drupal Themes by Adaptivethemes