LUFKIN, TX (KTRE) - By Jeff Awtrey - email
LUFKIN, TX (KTRE) - The Lufkin Economic Development Board approved an incentive offer to another company looking at Lufkin as a potential place for expansion.
The offer is the second within the past 10 days that the board has offered a company.
The company, which would be a transportation-manufacturing plant, would employ more than 140 employees within the next three-to-five years, according to Economic Director Jim Wehmeier.
The board also approved adjusting incentive terms for another company, which would also manufacture transportation equipment.
Wehmeier said one of the companies, which is looking at three other communities, would move into an existing space while the other, which is looking into two other companies, would build it's own site.
"I feel like we're the front-runner," Wehmeier said in regards to Lufkin's prospects of having both companies move into the area.
Wehmeier said he was hopeful both companies, along with another which would build aerospace devices, would have an answer for him by the summer.
"I'm optimistic it's going to be a pretty exciting summer," he said.
Both moves by the board are pending city council approval.
In other Lufkin business news, H-E-B announced Thursday plans to open its new location, on the intersection of Chestnut Drive and Timberland Drive, on June 16.