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Media Center

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SEDCO Report

Press Releases

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

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