The local manufacturing of windows has opened up a new door for a recently started business in Sherman.
The Sherman Economic Development Corp. board of directors approved a $54,000 incentive agreement Tuesday for Synergy Windows and Doors, which will be adding a $600,000 capital investment and 18 new jobs at its facility in Sherman’s Midway Industrial Park.
Synergy President Gary Taylor said the company hired its first employees in March of this year and things have just taken off from there.
“We’re growing a lot quicker than we expected,” Taylor said, explaining the company currently has 16 employees and is in the process of adding on to its existing facility.
SEDCO Executive Vice President Frank Gadek said Synergy manufactures vinyl windows primarily for the commercial market for multifamily housing. Taylor said the company works with a distributor for its products and does not sell directly to consumers.
Gadek explained the incentive agreement, which will be paid out over the next year, is designed to help the company with its expansion plans.
“They’re adding another $600,000 capital investment,” Gadek said. “They purchased a building that has about 10,000 (square feet) and they have a building addition that’s underway right now. Then they lease a 6,000-square-foot (space), so they have 24,000 square feet altogether.”
Taylor said SEDCO’s support has been helpful in the company’s expansion and he said Synergy would definitely consider working with SEDCO again in the future if it were to expand further.
SEDCO board chairman Greg Kirkpatrick recused himself from discussions and the vote on the Synergy incentive because of a relationship with the company from his job as Sherman market president at Landmark Bank.