Lubbock Economic Development Alliance Announces Creation of 102 New Jobs
More than 100 jobs will be created in the Hub City with the help of a Lubbock organization.
The Lubbock Economic Development Alliance announced Monday the creation of the jobs as the result of the expansion of a local business and the arrival of a new manufacturing company.
Rentzel Pump Manufacturing, L.P. will receive $46,500 over a 5-year period for their expansion which is expected to create 10 new jobs for their horizontal pump production.
Desert Tanks of Midland will receive more than $390,000 over a 7-year period for expanding their Big Spring operations to Lubbock. 92 new jobs are expected to be created with this particular expansion. Desert Tanks produces oil and gas storage tanks.
The expansions are expected to bring nearly $4.5 million in annual salaries and more than $1.3 million in capital investments to Lubbock.
“To be able to grow your businesses in the current economic climate speaks volumes about the caliber of these businesses,” said John Osborne, CEO of LEDA and Market Lubbock. “These manufacturing jobs will have a tremendous impact on the local economy.”