Representatives from the Sherman Economic Development Corp. recently updated the Sherman City Council on the corporation’s activities during the second quarter of 2017.
SEDCO board Chairman Greg Kirkpatrick opened his update by telling the council of the organization’s recent economic development week and its successes.
“SEDCO staff, as well as SEDCO board members, completed over 25 visits to existing industries to thank the company themselves as well as the employees for all that they do for Sherman,” Kirkpatrick, who was joined before the council by SEDCO President John Plotnik said. “I think that was well received and went very well.”
Documents provided to the council state SEDCO is currently working on 12 active projects that have the potential to bring an estimated $2.7 billion in investments and 2,070 new jobs to the city.
“We have hosted 20 site visits from companies interested in a possible Sherman location,” Kirkpatrick said. “And John and his staff have spoken with over 41 site selectors and consultants and real estate professionals during this time frame. We also continue to make progress with various improvements to Progress Park.”
A specific improvement to the industrial part on the city’s south side that Kirkpatrick and Plotnik mentioned was the installation of box culverts to alleviate flooding issues near Howe Drive and Progress Drive. Kirkpatrick also told the council of SEDCO’s recent, pending deal with Thea Development LLC for the possible creation of a $1 billion data center campus in Progress Park.
“They continue to work with prospective data center customers and we hope to have continued updates and progress on that front,” Kirkpatrick said, with Plotnik noting Thea Development recently took its first option on the land in Progress Park.
Kirkpatrick also highlighted SEDCO’s work with the Texoma Advanced Manufacturing Consortium.
“One of the programs that we’re involved with that really excites me most as current SEDCO chairman is the work that we do with the Texoma Regional Consortium,” Kirkpatrick said. “As far as helping educate and get work experience for middle schoolers and high schools that their future may not include attending college, they’re able to basically graduate high school and have a job in hand. That has come light years from where that began, probably two or three years ago. That continues to expand and the number of students getting involved continues to rise.”