t a press conference on Wednesday, August 20, the Lubbock Economic Alliance announced the expansion of the National Pump Company, LLC, The Décor Group and X-FAB. The National Pump Company and Décor Group are both expanding operations within Lubbock, while X-FAB has announced an investment of $15 million into capital equipment which will require more workers to operate and maintain.
lubbock economic development alliance
LEDA says that the total value-added impact for Lubbock County’s Gross Regional Product will be $40.1 million dollars annually.
Hurley Companies has announced that their Essence Bottling Company has been awarded an Advanced Contracting Initiative water contract by the U.S. Army Corps of Engineers National Water Team.
On Tuesday, LEDA was presented with a Gold Excellence in Economic Development Award and a Silver Excellence in Economic Development Award from the International Economic Development Council.
The proposed tax rate is 1.23 cents higher than last year’s rate, meaning that if the rate is ultimately approved, a Lubbock homeowner with a $100,000 home would pay another $12.30 in property taxes.
KFYO Poll of the Day
Twenty-five citizens turned out to voice their opinion on issues such as the Lubbock Power and Light electric rate, Market Lubbock and the Lubbock Economic Development Alliance, the City of Lubbock’s debt load, and annexation.
The proposed tax rate is 1.23 cents higher than last year’s rate, meaning that if the rate is ultimately approved, a Lubbock homeowner with a $100,000 home would pay another $12.30 in property taxes. Citizens are invited to share their thoughts with the Council at the meeting.
On Tuesday’s edition of the Chad Hasty Show, Lubbock Economic Development Alliance (LEDA) CEO John Osborne shared some insight into the budgets, methods and purposes of Leda, Market Lubbock, and Visit Lubbock.
LEDA was created in 1989 to use a sales tax to help smaller and rural cities compete
LEDA anticipates that the total value added impact to Lubbock will be $10.2 million annually.