Press Releases

SEDCO approves 2 deals with GlobiTech

May 15, 2018, William C. Wadsack, Herald Democrat: Eight months after its last deal with GlobiTech, the Sherman Economic Development Corp. approved two separate deals with the local silicon-epitaxy manufacturer on Tuesday.   The SEDCO board of directors approved a land purchase contract for GlobiTech to purchase 2.2 acres for $10,000 and a separate performance agreement with the Read More

GlobiTech wins industry showdown at SEDCO picnic

May 5, 2018, William C. Wadsack, Herald Democrat: Representatives from 12 Sherman industries gathered at Pecan Grove Park Saturday for the Sherman Economic Development Corp.’s Industry Appreciation Picnic.   Employees and their family members enjoyed free treats, games and prizes, with the big attraction being the first Sherman Industry Showdown Competition. Teams from eight local Read More

SEDCO, DDA VPs awarded Certified Economic Developer designations

March 27, 2018, William C. Wadsack, Herald Democrat: A pair of local economic development professionals were recently awarded the Certified Economic Developer designation by the International Economic Development Council.   Sherman Economic Development Corp. Vice President of Business Retention & Expansion Stacey Jones and Denison Development Alliance Vice President of Economic Development William Myers were Read More

SEDCO approves $47.5K incentive for Presco

March 26, 2018, William C. Wadsack, Herald Democrat:  The local Presco Polymers LP facility is adding new automation equipment and getting support for it from the Sherman Economic Development Corp.   The SEDCO board of directors recently approved a $47,500 incentive for the company, which is planning to invest $950,000 in capital improvements at its Read More

SEDCO launches campaign to lure workers to Sherman

February 8, 2018, Carley Banks, KTEN News The Sherman Economic Development Corporation has launched a nationwide campaign to bring needed workers to the city. “The goal is to help our existing and new industries and helping them to thrive,” said Ashton Ghaemi, SEDCO’s director of research and marketing. “If they need people, we’re gonna get them Read More

Sherman breaks ground on new fire station in Progress Park

February 1, 2018, William C. Wadsack, Herald Democrat Sherman officials gathered on Northgate Drive in the city’s Progress Park industrial area this week to officially break ground on a new Fire Station No. 4. The city is relocating the Blalock Park Fire Station No. 4, which currently sits on the southeast corner of U.S. Highway Read More

SEDCO develops national campaign to attract job seekers

January 30, 2018, KXII Sherman Economic Development Corp. begins its first national marketing campaign on behalf of the city. SEDCO is spending $25,000 trying to recruit people to work in Sherman through billboard, television, radio and online advertising. Click here to read the full story. Search the available jobs here.

SEDCO marketing new site for local jobs

January 30, 2018, By William C. Wadsack, Herald Democrat The Sherman Economic Development Corp. is assisting those seeking employment with a Sherman industry by maintaining a new job database on its website. SEDCO recently launched the database at ShermanTXJobs.com and is running a two-month marketing campaign to attract job seekers through print, radio, digital and billboard Read More

Grayson College opens new Advanced Manufacturing Lab

January 19, 2018, By Rhea Bermel, Herald Democrat Grayson College officially unveiled its $1.4 million Advanced Manufacturing Lab for the school’s current Career and Technology Center during a ribbon cutting Friday afternoon. The lab will provide space for large industrial machinery, classrooms and storage space, and will largely be used to educate students participating in Read More

Grayson County joins Sherman in tax abatement for J.P. Hart Lumber

January 3, 2018, By Michael Hutchins, Herald Democrat Following in the steps of the Sherman City Council, the Grayson County Commissioners Court approved a five-year property taxabatement agreement valued at just over $100,000 for the new J.P. Hart Lumber plant. County Commissioners discussed the proposed abatement during a regular scheduled meeting Tuesday morning, but voted to go into recess Read More

Sherman OKs tax abatement for J.P. Hart Lumber

January 2, 2018, By William C. Wadsack, Herald Democrat Sherman is giving one of the city’s newest industrial businesses a break on its property taxes for the next five years. The Sherman City Council approved a property tax abatement for J.P. Hart Lumber Co. during its first meeting of the new year on Tuesday. The agreement will abate Read More

SEDCO approves incentive for Robit expansion to add 6 jobs

December 18, 2017, By William C. Wadsack, Herald Democrat In addition to helping facilitate the creation of 500 new jobs by Finisar Corp. last week, the Sherman Economic Development Corp. recently approved an incentive agreement that will create six more new jobs in the city. The day before Finisar announced its expansion into the former Read More

‘Christmas came early for the city of Sherman’

December 13, 2017, By William C. Wadsack, Herald Democrat The close relationship between Sherman’s newest industrial employer Finisar Corp. and iPhone manufacturer Apple was on full display at Wednesday’s event announcing the future of the former MEMC building on the city’s south side. Apple employees checked people in at the doors to the event and Read More

Finisar’s purchase of MEMC building to align area with Apple

December 13, 2017, By William C. Wadsack, Herald Democrat Finisar Corp., the new owner of the former MEMC building, expects to create 500 new high-skill jobs in Sherman as part of a more than $100 million capital investment that will see the company manufacturing components locally for Apple and its iPhone products. Finisar, an optical Read More

SEDCO closes on 63.6 acre purchase to expand Progress Park

November 1, 2017, By William C. Wadsack, Herald Democrat The Sherman Economic Development Corp. is adding 63.6 new acres to the city’s Progress Park industrial area. SEDCO announced it had closed on the purchase of the land, which is just west of the Panda Power plant on the city’s southside, in a news release Wednesday. Click Read More

MEMC building sells to optical communications company Finisar

October 25, 2017, By Jerrie Whiteley, Herald Democrat The MEMC building at 6800 U.S. Highway 75 in Sherman sold Tuesday to a Finisar, a global optical communications company. Sherman Economic Corp. President John Plotnik said the company was awarded the building for $20 million by a court in New York. Click here to read the Read More

SEDCO approves sale of land for FedEx expansion

October 10, 2017, By Jerrie Whiteley, Herald Democrat FedEx Freight is planning a more than $10 million expansion of its Sherman operations. The board of directors of the Sherman Economic Development Corp. announced the expansion as it approved the sale of 22.5 acres of land in the city’s Progress Park IV to the company. SEDCO President Read More

SEDCO reviews results of current year’s work

October 4, 2017, By William C. Wadsack, Herald Democrat As part of its recent presentation on its 2017-2018 fiscal year budget and program of work for the Sherman City Council, the Sherman Economic Development Corp. recently reviewed its accomplishments for the current fiscal year in relation to goals set last year. While the organization didn’t Read More

Bates appointed to SEDCO board

October 4, 2017, By William C. Wadsack, Herald Democrat The Sherman Economic Development Corp. is getting a new board member. During its meeting Monday evening, the Sherman City Council appointed Workforce Solutions Texoma Executive Director Janie Bates to a one-year term on the SEDCO board of directors and reappointed board members Tom Shields and Brad Douglass to Read More

Manufacturing program receives $153K from local industries, TWC

Sep 25, 2017, By: Rhea Bermel, Herald Democrat Texoma’s Advanced Manufacturing Program received $153,000 in donations and grants on Monday. The program, which was initiated in 2016, places area high school students in a series of classes and internships as a way to provide them with the skills and certifications needed for manufacturing careers. A Read More