The Sherman City Council recently got its quarterly update from the Sherman Economic Development Corp. and scheduled a joint meeting with its board of directors for next month.
The joint meeting of the council and the SEDCO board will be Sept. 27 at noon to review the economic development corporation’s annual budget and work plan. During his quarterly update for the council, board President John Sild said SEDCO paid of total of $307,000 in incentive payments for agreements with companies previously approved by the board.
“We’ve been active this last quarter,” Sild said. “SEDCO is presently working on eight active projects with an estimated $145 million in investments and 493 (potential) new jobs.”
Sild also highlighted SEDCO’s sponsorship in the Workforce Solutions-Texoma Career Connection job fair, which had 783 job seekers visiting with 46 employers, and its first Industry Appreciation Picnic
“This was an opportunity for SEDCO to say ‘thank you’ for their contributions to Sherman,” Sild said of the picnic.
Held at Pecan Grove Park in May, the Industry Appreciation Picnic saw employees and their family members enjoying free treats, games and prizes, with the big attraction being the first Sherman Industry Showdown Competition. Teams from eight local industries took part in a three-part competition that saw the squad from GlobiTech take home the big trophy.
The SEDCO board president said the corporation also sent Vice President of Business Retention & Expansion Stacey Jones and Emerson Plant Manager Mark Anderson to the corporate headquarters of Finisar Corp. in Sunnyvale, California, to discuss the Advanced Manufacturing Program with Finisar CEO Michael Hurlston. Anderson also serves as the chair of the Advanced Manufacturing Consortium that oversees the program.
The AMP program got off the ground in 2016 and is currently comprised of 30 area industrial employers, as well as SEDCO, Workforce Solutions Texoma, the Denison Development Alliance, Grayson College and the four high schools of Sherman, Denison Pottsboro and Whitesboro. The program begins with sophomore-level students, who undergo a year of classes at their respective campuses before moving on as juniors and seniors to hands-on work at Grayson College and an internship with an employer. An estimated 42 students started the program during the 2017-2018 academic year. Four students are expected to graduate from the program next year.
Sild also told the council SEDCO recently launched a new marketing campaign touting Sherman as “the ace” of North Texas.
Following Sild’s presentation and the council’s approval of the special joint budget meeting with the SEDCO board, council member Daron Holland praised SEDCO’s work to get new businesses to the area.