Press Releases

Texas Instruments to begin construction next year on new 300-mm semiconductor wafer fabrication plants

11/17/21 (Texas Instruments) Texas Instruments Incorporated (TI) (Nasdaq: TXN) today announced plans to begin construction next year on its new 300-millimeter semiconductor wafer fabrication plants (or “fabs”) in Sherman, Texas. The North Texas site has the potential for up to four fabs to meet demand over time, as semiconductor growth in electronics, particularly in industrial and automotive markets, is Read More

SEDCO moves forward with $465K land purchase

8/12/21 (Michael Hutchins, Herald Democrat) With two real estate transactions Tuesday following a closed executive session, Sherman Economic Development Corp. moved forward on the $465,000 purchase of one tract of land near Flannery road the start of negotiations on another tract elsewhere. SEDCO President Kent Sharp said the economic developer has no current plans for the Read More

SEDCO $500K land incentive approved for 903 Brewers

8/11/21 (Michael Hutchins, Herald Democrat) 903 Brewers is getting some help in its efforts to build a new brewery along FM 1417.  Sherman Economic Development Corp. has agreed to pledge an incentive valued at about $500,000 towards the company’s new project. The agreement  that will provide a site for the new facility was unanimously approved by SEDCO Read More

Workforce Solutions ramps up outreach with positions

5/17/21 (Michael Hutchins, Herald Democrat) Jumping into the workforce can be hard for students and young adults. Through the help of two new outreach specialists, Workforce Solutions Texoma is working on a new way to help educate students about locally-available jobs and what they need to do to pursue them. The new program comes as Read More

SEDCO approves $67K incentive for Eaton construction

5/12/21 (Michael Hutchins, Herald Democrat) Eaton B-line could soon receive some assistance in a minor expansion at its Sherman production plant. The Sherman Economic Development Corp. approved an incentive of up to $67,200 the construction of new facilities at the plant during a meeting Tuesday afternoon. The incentive relates to a new $672,000 construction project Read More

Amid market demand, industrial shell building agreement hits SEDCO

5/12/21 (Michael Hutchins, Herald Democrat) Recently, Sherman Economic Develop Corp. has been receiving significant interest in businesses willing to move to Sherman, but only if the city has pre-built sites available. However, the city’s stock of existing buildings is limited. So in an effort to meet industry demand, SEDCO Board of Directors voted on Tuesday to Read More

SEDCO approves $310k in business incentives

1/12/21 (Michael Hutchins, Herald Democrat) The Sherman Economic Development Corp. started the new year Tuesday by approving nearly $310,000 in business incentives. Following a brief executive session, the SEDCO Board of Directors approved two incentives for a new business looking to expand into Sherman and another existing business that is looking to expand its employee Read More

SEDCO launches RISE

12/10/20 (Michael Hutchins, Herald Democrat) Throughout December, Sherman Economic Development Corp is accepting applications for  its new Raising Innovative Sherman Entrepreneurs program, also known as RISE. The program, done in partnership with Austin College, will offer a total of $250,000 in potential grants to fledgling businesses in the area in hopes of fostering growth. The Read More

SEDCO approves land sale for $14M police station

October 13, 2020 (Michael Hutchins, Herald Democrat) Visions of a new modernized Sherman Police Department headquarters came one step closer to materializing Tuesday. The Sherman Economic Corp. Board of Directors voted unanimously Tuesday to sell 10 acres out of Progress Park 1 to the city nearly $697,000 for the development of the new police station. Read More

TEDC Announces Board Chair, New Board Members & Election of Board Treasurer

October 9, 2020 (TEDC) The Texas Economic Development Council (TEDC) at its Board Meeting on October 9th, 2020, recognized Greg Sims, President, Greenville Economic Development Corporation, as the 2021 Chair of the Board of Directors. Greg will serve as board chair effective October 9, 2020, through October 15, 2021. He has been a member of Read More

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