Press Releases

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

Eaton donates $20,000 to AMP program

Aug 15, 2018, By: Richard A. Todd, Herald Democrat     The Advanced Manufacturing Program was presented with a $20,000 donation from Eaton on Wednesday. The program is a dual-credit course designed to create a pipeline to help bring high school students into manufacturing jobs in the area. The initial $600,000 raised from local employers, matching grants from the Read More

SEDCO hoping to attract data center to Sherman

Aug 14, 2018, By: William C. Wadsack, Herald Democrat Nearly 10 months after deciding not to extend the purchase option on land for a possible data center development, the Sherman Economic Development Corp. approved a right of first refusal agreement Tuesday with Thea Development LLC for that same land.   The SEDCO board of directors approved the agreement Read More

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