Press Releases

SEDCO to focus on women, minority-owned businesses in 2021

August 12, 2020 (Michael Hutchins, Herald Democrat) The Sherman Economic Development Corp. plans to focus on supporting entrepreneurs and women-owned and minority-owned businesses throughout the year. This week, the SEDCO Board of Director’s approved its program of work, which contains the goals and priorities for the upcoming fiscal year. For this year’s program, the economic Read More

SEDCO approves $50K for Presco water line extension

May 27, 2020 (Michael Hutchins, Herald Democrat) The Sherman Economic Development Corporation approved an incentive Wednesday aimed at assisting a Sherman business’ effort to install fire suppression in of its Sherman facilities. Following a brief executive session, the board of directors voted unanimously Wednesday to provide a $50,000 incentive for Presco Polymers aimed at extending Read More

SEDCO, DDA allocate funds for workforce development grant

March 17, 2020 (Michael Hutchins & Richard A. Todd, Herald Democrat) Manufacturing and health care training at Sherman and Denison High schools are getting a bit of a kickback. Workforce Solutions Texoma is partnering with the Sherman Economic Development Corporation and Denison Development Alliance to raise more than $300,000 in total for new equipment for Read More

SEDCO Receives TEDC 2019 Economic Excellence Recognition

February 20, 2020 (Texas Economic Development Council News Release) The Texas Economic Development Council (TEDC) announced the recipients of its annual Economic Excellence Recognition program for 2019.  The awards were presented at a breakfast held Thursday, February 20, 2020, at the TEDC’s Winter Conference. The two and one half-day conference was held February 19-21 at the Hilton Hotel Read More

SEDCO Board Approves “Buy Local” Grant Increase

January 14, 2020 The Sherman Economic Development Corporation (SEDCO) Board of Directors voted Tuesday to increase the incentive amount of the “Buy Local” Grant for future performance agreements with new and existing industries. At Tuesday’s Regular Scheduled Board Meeting, the SEDCO Board approved Resolution No. SEDCO-2020.01 authorizing an increase in the maximum amount of incentive Read More

$226K Eaton incentive approved

December 12, 2019 (Michael Hutchins, Herald Democrat) The Sherman Economic Development Corp. approved nearly $226,000 of incentives Tuesday afternoon for four projects related to automation and other improvements at Eaton’s Sherman production plant. The four projects, which include new robotics and related training, represent a nearly $4.13 million investment in the Sherman facility. Click to Read More

SEDCO extends $1.5 million agreement with Tyson

December 10, 2019 (Michael Hutchins, Herald Democrat) Tyson Foods will have more time to complete work on its $30 million improvement project. The Sherman Economic Development Corp. approved an update to its $1.5 million performance agreement with Tyson to give the company more time to complete updates intended to modernize the facility. Click to read Read More

SEDCO agrees to pay $750k for Fallon Drive extension

October 8, 2019 (Michael Hutchins, Herald Democrat) Following an executive session Tuesday morning, the SEDCO board of directors voted unanimously to agree to contribute up to $750,000 to extend Fallon Drive to the south to Dripping Springs Road. The organization announced that it will be partnering with the city for the upcoming expansion of Fallon Read More

Amid announced layoffs at Allen office, Finisar in Sherman receives $270K incentive check

October 4, 2019 (Michael Hutchins, Herald Democrat) Officials with the Sherman Economic Development Corp. issued a $270,000 incentive check for Finisar Friday morning, effectively bringing an end to the organization’s incentives company. Friday’s presentation represents the final payment in more than $1 million of incentives that SEDCO offered the tech company following its relocation to Read More

Forklift battery manufacturer Eternity Technologies to open first US facility in Sherman

August 13, 2019 (Michael Hutchins, Herald Democrat) A battery manufacturer is preparing to start its North American operations in Sherman. Eternity Technologies, which is owned by A1 Dobowi Group, was formed in 2010, is based in the United Arab Emirates, manufactures specialized batteries for forklifts, and just was approved an almost $200k incentive package from Read More

Presco receives $47.5K grant for equipment upgrades

July 25, 2019 (Michael Hutchins, Herald Democrat) The Sherman Economic Development Corp. presented Presco Polymers with a $47,500 incentive check for equipment improvements at its Sherman facility Thursday afternoon. The economic developer held a small ribbon-cutting ceremony to present the check and mark the installation of the new equipment. Read more.

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 receives $50K grant

May 23, 2019 (Richard A. Todd, Herald Democrat) The W.B. Munson Foundation recently issued a $50,000 grant to the Advanced Manufacturing Program. Board member Merry Munson Wyatt presented the check to members of the Advanced Manufacturing Consortium Wednesday at the offices of Workforce Solutions Texoma. The Advance Manufacturing Program started in recent years as a Read More

AMP students receive $5,000 scholarships

May 14, 2019 (Richard A. Todd, Herald Democrat) Thirty students received $5,000 scholarships for the Advanced Manufacturing Program during a ceremony in their honor Tuesday night at Grayson College. The students were presented with their respective certificates in the first scholarship awards ceremony for the program. AMP Chairman Mark Anderson said the program is all 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