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 company that will see GlobiTech investing $650,000 in switching equipment and receiving an incentive of $32,500.