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Successes

Dent Truck Lines, Inc.

  • Sweetwater, Texas based company
  • Seeking to obtain a line of credit at a local bank in Sweetwater, TX, guaranteed by Sweetwater Economic Development starting at $300,000.00 up to a maximum of $500,000.00 for the purpose of expanding its leased drivers and trucks operation and develop a brokerage division for a period of 3 years subject to extension by Sweetwater Economic Development on request.
  • Sweetwater Economic Development provided this line of credit which is subject to review by Sweetwater Economic Development every 6 months during the 3-year guarantee.
  • In addition to the guarantee of the line of credit and in order to facilitate the expansion of Dent Truck Lines, Inc. and indirectly increase job opportunities in the Sweetwater area, Sweetwater Economic Development shall also underwrite a performance bond on behalf of Dent Truck Lines Inc. in the amount of $75,000.00 over a period of 3 years, which may be entered for (2) 1-year options at the discretion of Sweetwater Economic Development.  

Logistics Support, Inc.

  • Orange, Texas based company
  • Logistics Support, Inc. is seeking to lease from Sweetwater Economic Development, 2 diesel locomotives capable of pulling railcar units from BNSF switching yard connection in Sweetwater, TX, to the Buzzi Unicem cement plant in Maryneal, TX, thereby enhancing its efficiency and reducing shipping costs through eligibility for BNSF's shipping programs.
  • Sweetwater Economic Development proposed to purchase 2 diesel locomotives for a price of up to $575,000.00.  Thereafter, Sweetwater Economic Development will lease the locomotives to Logistics Support, Inc. for the purposes mentioned.
  • Logistics Support, Inc. currently has a 13 year contract to operate on the Texas and Oklahoma Railroad, which has an operating contract with the BNSF.  
  • Logistics Support, Inc. agrees to keep this contract in force through the term of this agreement.
  • Sweetwater Economic Development and Logistics Support, Inc believe that increased rail shipments will indirectly increase job opportunities in the Sweetwater area allowing Sweetwater to capitalize on its prime rail location.

CAPE & SON

Commodity Merchandising & Transloading Services

  • Abilene, Texas based company
  • CAPE & SON is seeking to lease from Sweetwater Economic Development two (2) locomotives capable of pulling railcar units from its Sweetwater facility to the BNSF switching yard connection, for ultimate nationwide shipment, thereby, enhancing its efficieny and reducing shipping cost through eligibility for BNSF's shipping programs.
  • Sweetwater Economic Development proposed to purchase two (2) locomotives for a price of up to Five Hundred Twenty Thousand dollars ($520,000.00).
  • Sweetwater Econmoic Development will then lease the locomotives to CAPE & SON for the purposes set out above.
  • It is contemplated by Sweetwater Economic Development and by CAPE & SON that increased rail shipments will indirectly increase job opportunities in the Sweetwater area, by allowing Sweetwater to capitalize on its prime rail location.
  • As of June, 2016, all terms and conditions set forthi in the agreement have been met.  Sweetwater Economic Development has transferred the title of the two (2) locomotives to CAPE & SON.

Texas TST Inc

  • Fontana, California based company
  • Placed them in an available building and they refurbished and expanded.
  • Created 50 jobs and moved in 2-3 jobs
  • Manufactures secondary aluminum for automotive and aerospace industries
  • Sweetwater Economic Development offset the cost of startup by making a loan that will be forgiven over a five year period if employment targets are met. They currently employ 45 at their Texas location.

Ludlum Measurements Inc.

  • Sweetwater, Texas based company
  • Needing to expand their operations, primarily for homeland security, LMI sought out Sweetwater Economic Development to help finance the expansion.
  • Sweetwater Economic Development coordinated an effort that included all three community banks and the Sweetwater Industrial Foundation to loan       LMI $750,000. Sweetwater Economic Development guaranteed the loan which allowed LMI to borrow at the prime rate.
  • Sweetwater Economic Development provided a grant of $5,000 per job up to 100 jobs over a 15 year period. In just over two years, LMI had   created 100 jobs and Sweetwater Economic Development provided $500,000 in incentives that were applied toward the construction of a new addition to the LMI operations. They currently employ 399 at their Sweetwater location
  • Sweetwater Economic Development provided a loan guarantee of $2.5 million dollars for Ludlum’s to purchase a London, England based company. They currently employ 90 at their England location

Lonestar Trucking

  • Fort Worth, Texas based company
  • Lonestar, seeking to take advantage of new opportunities, sought financing for a down payment on new tractor-trailer rigs. Sweetwater Economic Development provided a loan for this down payment which allowed Lonestar to hire new employees and provide better service to the local wallboard plants. They currently employ 45 at their Sweetwater location.

EMA Electromechanic LLC

  • Buenos Aires, Argentina based company
  • EMA manufactures circuit breakers and grounding switches for sub-stations used in the wind turbine industry.             
  • Sweetwater Economic Development was able to build a 20,000 square foot manufacturing facility and lease it back to EMA.
  • Sweetwater Economic Development also loaned EMA $286,000.00 for operating capitol. They currently employ 14 at their Sweetwater location

Shermco Industries

  • Irving, Texas based company
  • Shermco is a leader in electrical power system and wind generator repair, maintenance, testing and training.
  • Sweetwater Economic Development assisted Shermco representatives in locating a permanent facility in Sweetwater

Wind Energy Turbine Services (WETS)

  • Sweetwater, Texas based company
  • Sweetwater Economic Development assisted a group of four local electric service company employees in starting a Wind Service Repair Company. 
  • Sweetwater Economic Development provided a Full Time Employee (FTE) incentive based on $3,000.00 per FTE. They currently employ 35 at their Sweetwater location

Upwind Solutions

  • Medford, Oregon based company
  • Wind Turbine service company
  • Sweetwater Economic Development assisted Upwind Solutions representatives in locating a permanent facility in Sweetwater

Texas State Technical College West Texas

  • Sweetwater, Texas based Technical College
  • Sweetwater Economic Development provided a matching grant of $325,000.00 to TSTC West Texas to secure funding for a $3,500,000.00 transportation training facility. They currently employ 166 at their Sweetwater location.

Georgia Pacific

  • Atlanta, Georgia based company
  • Georgia Pacific manufactures gypsum wall board
  • Sweetwater Economic Development assisted Georgia Pacific in reopening a gypsum wallboard manufacturing plant in Sweetwater by providing a financial incentive of paying local property taxes for a 5 year period. They currently employ 70 at their Sweetwater location
  • Sweetwater Economic Development has assisted many other companies through information, facility, and employee assistance