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Three Longview expansions spur $15 million in investment, 105 jobs

25.06.2015

(Longview, Texas)… The Longview Economic Development Corporation (LEDCO) voted to approve three performance contracts Wednesday for expanding companies in Longview, TX.  The expansion projects will result in $15 million combined initial capital investment and 105 direct new jobs.
iClassPro, Inc., the leading, most comprehensive, online class registration, marketing and business software for children’s activity centers, will invest $4 million to construct it’s company headquarters and a distribution center in the Longview Economic Development Corporation’s North Business Park. The technology company also plans to add 19 full-time employees to the payroll.  LEDCO agreed to provide 14 acres in the North Business Park and reimburse the company up to $100,000 for site preparation.
Norris Cylinder Inc., a TriMas company and one of the world’s largest manufacturers of a full range of industrial gas cylinders, plans to install a second forge at their corporate headquarters location in Longview.  The company will make a capital investment of $10 million and create 22 new full-time jobs.  The LEDCO board approved a $500,000 performance grant for the project.
STEMCO, manufacturer of a diverse line of high performance systems and components for the commercial vehicle industry, will relocate a recently acquired California-based company, ATDynamics, to their Longview facility. Competing with two other cities for the project, the LEDCO board voted to provide a performance grant in the amount of $550,000.  STEMCO will invest a minimum of $1.15 million and create 64 new full-time jobs.
“Longview is fortunate to be chosen as the location for these expansions and we thank the companies for their investments in our community,” said LEDCO Board President Joe Bob Joyce, “We believe much of our success on these projects is due to the hard work and long hours of our staff and the assistance of our partners.”
The LEDCO board also voted to provide a $15,000 micro-grant to Handheld Medical Technologies, LLC. The start-up biotech company built a revolutionary handheld device that measures biological parameters. The company has applied for patents. The LEDCO grant is to be used by the company to pursue necessary patents and pay a portion of business expenses related to start-up costs.
About the Longview Economic Development Corporation:
The Longview Economic Development Corporation was created by the voters of Longview in 1991 under the Development Act of 1979 (Texas Revised Civil Statutes Article 5190.6) section 4A, for the purpose of creating and retaining primary jobs.  The Corporation’s independent board of directors, five voting members & five non-voting members, is appointed by the mayor and city council.  
                                                                      
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