Press Releases

GlobiTech to add 12 jobs, make $9.75M investment in facility

Sep 13, 2017, By: William C. Wadsack, Herald Democrat Local silicon-epitaxy manufacturer GlobiTech will be adding 12 new jobs over the next two years as part of a nearly $10 million capital investment in its Sherman plant. The Sherman Economic Development Corp. board of directors recently approved a $487,500 incentive for the local manufacturer that will be delivered Read More

SEDCO planning 64 acres purchase to expand Progress Park

Sep 12, 2017, By: William C. Wadsack, Herald Democrat With available space in Sherman’s Progress Park industrial area dwindling, the Sherman Economic Development Corp. is planning to purchase an additional 64 acres for the park just west of the Panda Power plant on the city’s southside. The SEDCO board of directors voted Tuesday to put the 64 acres Read More

SEDCO completes agreement with Washington Iron Works

Aug 31, 2017, By: William C. Wadsack, Herald Democrat The Sherman Economic Development Corp. recently fulfilled an incentive agreement with Washington Iron Works that saw the local machine services company more than double its workforce. SEDCO board chairman Greg Kirkpatrick hand delivered the final $10,000 incentive check to Washington Iron Works Plant Manager Cory Tate and engineer Matt Read More

SEDCO approves $50K incentive for CertainTeed

August 9, 2017, By: William C. Wadsack, Herald Democrat The CertainTeed plant in Sherman will soon begin efforts to add 10 new employees over the next year. The board of directors of the Sherman Economic Development Corp. recently approved a $50,000 incentive for CertainTeed to assist with plans to hire the new workers. Click here to Read More

SEDCO to give $54K to local manufacturer for $600K investment, 18 new jobs

August 8, 2017, By: William C. Wadsack, Herald Democrat The local manufacturing of windows has opened up a new door for a recently started business in Sherman. The Sherman Economic Development Corp. board of directors approved a $54,000 incentive agreement Tuesday for Synergy Windows and Doors, which will be adding a $600,000 capital investment and 18 Read More

Hefton compares $1B data centers deal to Panda

June 3, 2017 By: William C. Wadsack, Herald Democrat Sherman City Manager Robby Hefton compared the scope of the planned $1 billion data center development brokered by the Sherman Economic Development Corp. Friday to the impact Panda Power Funds’ 758 megawatt power plant has had on the city. “The possibility of this would be a Read More

SEDCO closes deal for data center campus in Sherman

By: William C. Wadsack, Herald Democrat The Sherman Economic Development Corp. closed a deal Friday that could ultimately bring 150 new jobs to the area and a capital investment of more than $1 billion over the next five years. The SEDCO board of directors approved a contract with Thea Development LLC to develop the infrastructure Read More

Rail spur paying dividends for Nature’s Source

May 26, 2017 By: William C. Wadsack, Herald Democrat Ball DPF LLC Nature’s Source showed off its new railroad spur to officials with the Sherman Economic Development Corp. Friday. SEDCO’s board of directors approved a $7,965 incentive agreement with Nature’s Source last year for the planned $159,000 capital investment the company was intended to spend to clean Read More

Sherman IMT students meet mentors

May 31, 2017 By: William C. Wadsack, Herald Democrat Representatives from local industries and the Sherman Economic Development Corp. recently selected seven Sherman High students to be part of the school’s inaugural class for the Industrial Maintenance Technology Program through Grayson College. SEDCO also set the seven students up with a mentor from a local business and Read More

GOOD MORNING: Economic development is worth celebrating

May 16, 2017 By: William C. Wadsack, Herald Democrat Last week, the International Economic Development Council held its second National Economic Development Week and the Sherman Economic Development Corp. took part in the celebration with a number of events that shined a spotlight on what economic development means to the city. Much like the Denison Read More

SEDCO delivers thanks, check to Nature’s Source

May 13, 2017 By: William C. Wadsack, Herald Democrat As part of its Economic Development Week celebration, the Sherman Economic Development Corp. presented employees at Nature’s Source a thank you banner along with the company’s final incentive agreement payment. The SEDCO board approved a $7,965 incentive agreement with the company last year for work on Read More

SEDCO hosts Economic Development Week celebration

May 9, 2017 By: William C. Wadsack, Herald Democrat The Sherman Economic Development Corp. celebrated Economic Development Week with a big event Tuesday at the Sherman Municipal Ballroom. More than 100 representatives from local businesses and industries, civic organizations and government bodies attended the networking celebration. “What I really like about a turnout like this Read More

SEDCO to Economic Development Week celebration

May 4, 2017 By: William C. Wadsack, Herald Democrat The Sherman Economic Development Corp. has a number of events planned for next week as the organization holds its first Economic Development Week. The celebration coincides with the International Economic Development Council’s National Economic Development Week, which was created to raise awareness of local programs that Read More

SEDCO approves incentive for $494K Eaton investment

Apr 11 2017 By William C. Wadsack, Herald Democrat The Sherman Economic Development Corp. approved an incentive Tuesday that will help local metal fabrication plant Eaton expand its equipment holdings. The SEDCO board of directors unanimously approved a $25,000 incentive grant to help with Eaton’s planned purchase of automated welding equipment for its Sherman location. Read More

Wellington Realty Announces Sale of Sherman Oaks Apartments

Mar 30 2017 DALLAS – Wellington Realty, a commercial real estate services company with brokerage and management capabilities serving the four major markets in Texas, announced the successful sale of Sherman Oaks Apartments. Built in the 1970s, the 205-unit complex was up for sale and closed in late January 2017. David Shaffer, Tammy Shaffer, Kirby Read More

Workforce Solutions get $100K grant for manufacturing training

Mar 29 2017 By Michael Hutchins, Herald Democrat As the old adage goes, it takes a village to raise a child. For the cities of Denison and Sherman, it also takes a village to train a worker. Officials with the Denison Development Alliance, Sherman Economic Development Corp. and other business and manufacturing stakeholders came together Read More

NTRA signs contract for alert hangar lease

Mar 15 2017 By Michael Hutchins, Herald Democrat Officials with Texas Aviation Partners announced the lease of hangar 5513 at North Texas Regional Airport — Perrin Field on Wednesday. The large hangar, more commonly known as the alert hangar, was kept at the ready throughout the 1960s and early 1970s with interceptor aircraft in the Read More

Piner students learn about manufacturing at plant tour

Mar 9 2017 By Alex Maxwell, Herald Democrat To see the manufacturing process up close, a class of Piner Middle School students garbed in safety vests, earplugs and glasses were Shepherd around heavy machinery that shaped, cut and painted metal. During a tour of the Eaton plant in Sherman Thursday, the approximately 15 eighth grade Read More

SEDCO planning middle school visit to manufacturers

Mar 7 2017 By William C. Wadsack, Herald Democrat The Sherman Economic Development Corp. recently told the City Council about plans for local middle school students to visit area manufacturers this Thursday. SEDCO is in the final stages of assisting with the planning of the spring manufacturing tours, which will see some of the eighth Read More

Emerson planning $500K expansion, 30 new jobs

Feb 16 2017 By William C. Wadsack, Herald Democrat The Sherman-based Emerson Process Management facility will soon be hiring 30 new employees and bringing in $500,000 in new equipment. Because of that investment, the Sherman Economic Development Corp.’s board of directors recently approved a $150,000 grant for the company. “We have a relatively new Fisher Read More