Press Releases

SEDCO awards J.P. Hart $227,000 for employment growth

Jul 2, 2019, Michael Hutchins/Herald Democrat J.P. Hart Lumber announced plans to expand the Texas-based lumber business to Sherman in the early part of 2018. As an incentive for the company, Sherman Economic Development Corporation offered the company more than $400,000 to be paid out as the company built its Sherman base. SEDCO made good on that Read More

AMP, Manufacturing Consortium receive $1.3M in grants

Apr 17, 2019, Drew Smith, Herald Democrat: Area industries, educators and economic developers celebrated the state’s decision Wednesday to fund $1.3 million in local staff-training opportunities and equipment purchases. Representatives of the Advanced Manufacturing Consortium and the Advanced Manufacturing Program gathered at Grayson College, where Texas Workforce Commissioner Robert Thomas presented each group with its Read More

SEDCO recognized for 2018 accomplishments

Mar 25, 2019, Herald Democrat: The Sherman Economic Development Corp. recently celebrated its inclusion among an annual list of recognized economic organizations across the state. SEDCO was formally named to the Texas Economic Development Council’s 2018 Economic Excellence Recognition program on Feb. 21 at the council’s legislative conference in Austin. The list includes 50 other Read More

SEDCO unveils rail line concept for Progress Park

Mar 19, 2019, Drew Smith, Herald Democrat: In an effort to make Progress Park a more attractive site for businesses with railway-access needs, the Sherman Economic Development Corp. unveiled a $2.27 million conceptual track system Tuesday that is meant to show prospective companies how the freight infrastructure could be built into their property at the Read More

AMP students, mentors work together at mid-year celebration

Jan 24, 2019, William Wadsack, Herald Democrat: With the school year a little more than halfway through, participants in the Advanced Manufacturing Program got the chance Thursday to celebrate all they’ve already accomplished. The 79 AMP students from five area high schools — Sherman High, Denison High, S&S Consolidated High, Pottsboro High and Whitesboro High Read More

Grayson County approves 6-year tax abatement for Tyson Foods

Jan 16, 2019, William Wadsack, Herald Democrat: Grayson County’s largest employer recently got another tax abatement for a possible $30 million expansion of its local facility. The Grayson County Commissioners Court unanimously approved a six-year tax abatement for 50 percent of the company’s property taxes each year. Tyson received an identical tax abatement from the Read More

SEDCO approved $510K incentive for Modular Power Solutions

Jan 15, 2019, William Wadsack, Herald Democrat: After more than doubling its number of employees during an expansion that began in 2016, Modular Power Solutions is planning to add $2 million in equipment and construct a new building. The Sherman Economic Development Corp.’s board of directors approved a $510,000 incentive for MPS and its planned Read More

SEDCO holds economic development workshop

Jan 12, 2019, William Wadsack, Herald Democrat: The Sherman Economic Development Corp. held a training workshop Friday for its board and staff members. Texas Economic Development Council President and CEO Carlton Schwab spent the morning with the SEDCO board and staff, as well as a few representatives from the city government. ″(I was) just trying Read More

SEDCO picks Brad Douglass as board chairman

Oct 13, 2018, By: William C. Wadsack, Herald Democrat With the new fiscal year that recently started, the Sherman Economic Development Corp. elected new leadership for its board of directors.   The SEDCO board chose Brad Douglass as its new chairman, Tom Shields as vice chairman and Janie Bates as its secretary. Electing the new officers was the Read More

Pottsboro High leading Swap It Up competition

Oct 10, 2018, By: William C. Wadsack, Herald Democrat The students from Pottsboro High School are currently leading a competition between local Advanced Manufacturing Program students designed to help meet the needs of local nonprofits.   The Swap it Up competition was organized by the Sherman Economic Development Corp. in conjunction with the chambers of commerce in the Read More

SEDCO set to give Finisar $500K incentive payment

Oct 9, 2018, By: William C. Wadsack, Herald Democrat The Sherman Economic Development Corp. could soon present Finisar Corp. with the first half the $1 million incentive agreement that was agreed to in March.   The SEDCO board of directors approved a restructuring of the payment schedule for the incentive agreement approved earlier this year that will see Read More

Utter, Bandemir appointed to SEDCO board

Oct 5, 2018, By: William C. Wadsack, Herald Democrat The board of directors of the Sherman Economic Development Corp. is getting two new members.   The Sherman City Council appointed Gail Utter and Scott Bandemir to the board following an executive session discussion Monday evening. Utter is the managing director of the Utter Wealth Management Group of Wells Read More

Sherman approves 2019 SEDCO budget

Sep 27, 2018, By: William C. Wadsack, Herald Democrat There’s been a lot of administrative change at the Sherman Economic Development Corp. over the last year, but the organization isn’t planning much change for its budget in the new fiscal year.   The Sherman City Council approved SEDCO’s 2018-2019 budget and program of work during a joint meeting Read More

Finisar joins host of other local companies to support AMP

Sep 19, 2018, By: Richard A. Todd, Herald Democrat Finisar Corp. joined a host of manufacturing firms to provide financial support for area students involved in the Advanced Manufacturing Program. The company, which is among Texoma’s newest manufacturers, presented a $25,000 on Wednesday afternoon to help fund the program.   The AMP program has been Read More

Finisar to Present $25,000 Check to Advanced Manufacturing Consortium

September 12, 2018 Finisar will present a $25,000 check to the Advanced Manufacturing Consortium on Wednesday, September 19, 2018 at 1:15 PM. The Advanced Manufacturing Program (AMP) was developed by the Denison Development Alliance, Sherman Economic Development Corporation and Workforce Solutions Texoma in cooperation with thirty (30) local employers, Grayson College and four school districts.  Read More

Swap it Up competition to benefit local non-profits

Sep 11, 2018, By: Richard A. Todd, Herald Democrat Students from three Grayson County high schools will be given the chance to start working toward potential manufacturing careers with a new competition designed to target those in the Advanced Manufacturing Program.   The Swap it Up program is a competition being organized by the Sherman Economic Development Corp. Read More

MPS gets $384K from SEDCO for workforce investment

Sep 5, 2018, By: Drew Smith, Herald Democrat The Sherman Economic Development Corp. delivered a $384,000 incentive check to Modular Power Solutions on Tuesday morning after the electrical builder made good on its two-year pledge to hire new workers.   MPS, which produces electrical infrastructure units for digital data centers, entered into an economic development performance agreement with Read More

SEDCO gives $46K to Synergy for job growth, investment

Aug 31, 2018, By: Drew Smith, Herald Democrat     The Sherman Economic Development Corporation presented Synergy Windows and Doors with a $46,000 check on Friday for fulfilling its promise to create new jobs and invest in its local operations and facility expansion. SEDCO Vice President of Business Retention and Expansion Stacey Jones said Synergy successfully met the terms Read More

Sherman approves 8 year tax abatement for proposed GlobiTech expansion

Aug 20, 2018, By: William C. Wadsack & Jerrie Whiteley, Herald Democrat If GlobiTech Inc. moves ahead with a potential $47 million expansion of its local facility, it will save approximately $800,000 in property taxes during much of the next decade.   The Sherman City Council approved an eight-year property tax abatement agreement Monday for the silicon-epitaxy manufacturer, Read More

SEDCO to purchase 57.3 acres for Progress Park VII

Aug 16, 2018, By: William C. Wadsack, Herald Democrat The Sherman Economic Development Corp. is planning to add 57.3 new acres to the city’s Progress Park industrial area.   The SEDCO board of directors approved the $450,000 purchase of the land, which is to the west of the Panda Power plant on the city’s south side, during its Read More