S.E.E.D.
Sweetwater Enterprise for Economic Development Inc.
The Sweetwater Enterprise for Economic Development Incorporated (S.E.E.D.) mission is to facilitate a transitional move to this forward-thinking area. S.E.E.D. is prepared for the challenge of maintaining consistent economic growth, including the creation and retention of jobs in Sweetwater. As a 4A organization, S.E.E.D. is focused on providing businesses the best opportunity for growth, thereby ensuring consistent economic growth for this area.

Board Members

President:
John Jay
The Roscoe State Bank
P.O. Box 609
Roscoe, TX 79545
325.766.3311
jwjay@roscoestatebank.com

Arthur Maberry
P.O. Box 47
Sweetwater, TX 79556
325.235.4378
art@brooksmaberry.com

J.V. Martin
First National Bank
P.O. Box 660
Sweetwater, TX 79556
325.235.6600
jvmartin@fnbsweetwater.com

Kyle Lawrence
Lawrence Management
P.O. Box 8
Sweetwater, TX 79556
325.236.6351 x 120
kylel@lawbros.com

Pat Gerald
P.O. Box 206
Sweetwater, TX 79556
325.236.6128
pngerald@aol.com

Administration

Ken Becker

Executive Director

ken@sweetwatertexas.net

Kirstin Smith

Assistant Marketing/Administrative Director
kirstin@sweetwatertexas.net

SEED
P.O. Box 785
Sweetwater, TX 79556

800.658.6757
325.235.0555

fax:  325.235.1026

Successes

Texas TST Inc.
• California Company http://www.tst-inc.com/open.htm
• Placed them in an available building and they refurbished and expanded.
• Created 50 jobs and moved in 2-3 jobs
• Manufactures secondary aluminum for automotive and aerospace industries
• SEED Inc. offset the cost of startup by making a loan that will be forgiven over a five year period if employment targets are met.

Ludlum Measurements Inc.
Needing to expand their operations, primarily for homeland security, LMI sought out SEED Inc. to help finance the expansion.
• SEED Inc. coordinated an effort that included the three banks and the Sweetwater Industrial Foundation to loan LMI $750,000. SEED Inc. guaranteed the loan which allowed LMI to borrow at the prime rate.
• SEED also provided a grant of $5,000 per job up to 100 jobs over a 15 year period. In just over two years, LMI had created 100 jobs and SEED provided $500,000 in incentives that were applied toward the construction of a new addition to the LMI operations.

Lonestar Trucking
Lonestar, seeking to take advantage of new opportunities, sought financing for a down payment on new tractor-trailer rigs. SEED provided a loan for this down payment which allowed Lonestar to hire new employees and provide better service to the local wallboard plants.