Texas TST Inc
· Fontana, California based company
· 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. They currently employ 45 at their Texas location.
· Sweetwater, Texas based company
· Needing to expand their operations, primarily for homeland security, LMI sought out SEED Inc. to help finance the expansion.
· SEED coordinated an effort that included all three community 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 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. They currently employ 399 at their Sweetwater location
· SEED provided a loan guarantee of $2.5 million dollars for Ludlum’s to purchase a London, England based company. They currently employ 90 at their England location
· Fort Worth, Texas based company
· 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. They currently employ 45 at their Sweetwater location.
· Buenos Aires, Argentina based company
· EMA manufactures circuit breakers and grounding switches for sub-stations used in the wind turbine industry.
· SEED was able to build a 20,000 square foot manufacturing facility and lease it back to EMA.
· SEED also loaned EMA $286,000.00 for operating capitol. They currently employ 14 at their Sweetwater location
· Irving, Texas based company
· Shermco is a leader in electrical power system and wind generator repair, maintenance, testing and training.
· SEED assisted Shermco representatives in locating a permanent facility in Sweetwater
· Sweetwater, Texas based company
· SEED assisted a group of four local electric service company employees in starting a Wind Service Repair Company.
· SEED provided a Full Time Employee (FTE) incentive based on $3,000.00 per FTE. They currently employ 35 at their Sweetwater location
· Medford, Oregon based company
· Wind Turbine service company
· SEED assisted Upwind Solutions representatives in locating a permanent facility in Sweetwater
· Sweetwater, Texas based Technical College
· SEED provided a matching grant of $325,000.00 to TSTC West Texas to secure funding for a $3,500,000.00 transportation training facility. They currently employ 166 at their Sweetwater location.
· Atlanta, Georgia based company
· Georgia Pacific manufactures gypsum wall board
· SEED assisted Georgia Pacific in reopening a gypsum wallboard manufacturing plant in Sweetwater by providing a financial incentive of paying local property taxes for a 5 year period. They currently employ 70 at their Sweetwater location
SEED has assisted many other companies through information, facility, and employee assistance
