A Seminole company will soon relocate to Brownfield after agreeing to an incentive package offered Monday by the Brownfield Industrial Development Corp.
T&T Earth Movers, Inc. will purchase the remaining 20 acres of land on the north side of Jack Cargill Industrial Park, bringing with it more than $5 million worth of taxable equipment and roughly 70 jobs.
The business specializes in foundation bases and services a diverse customer base, including oil companies and construction jobs, according to owner Terry Suarez.
“We are looking forward to making Brownfield our home and being a part of this community,” he said. “The land BIDCorp is offering will fit our needs and we anticipate strong growth in the coming years.”
As incentive, the BIDCorp board offered to sell that land to Earth Movers for $2,500 per acre and cover the cost of boring under the Levelland Highway for utilities to the site.
Suarez said his company appreciated the incentive offer and would begin moving equipment soon.
A second company, Seminole Diesel, will follow once current locations in Gaines County are sold.
“Our properties in Seminole are paid for so we will build new facilities here once they sell,” he said. “We don’t want to borrow money for the move.”
David Partlow, executive director of BIDCorp., said the company is a great fit for the industrial park and for Brownfield.
“We have been talking to Terry for a while and I’m excited that he has made the decision to move into Brownfield,” he said. “I think they will do well here and it gets them closer to Lubbock, where they stay busy with construction jobs. Fiscally speaking, they will be a great addition to our tax rolls.”
Tax records from Gaines County show the company paid more than $150,000 in taxes in 2015 on property, equipment, and vehicles valued at more than $5.2 million.
The land offered in the deal — Tracts 3 and 4 — were the final parcels remaining inside the recently renamed Jack Cargill Industrial Park.
The land, surrounding St. Anthony’s Catholic Church, was purchased four years ago for $5,000 per acre from Brownfield Compress.
Sanders Ag Chemical was the first tenant in the park, occupying the southernmost 22 acres.
Cooper Natural Resources purchased the northeastern 10 acre plot for future development.
The industrial park is accessable by state highway and rail, making it an attractive location for businesses.
BIDCorp will begin work to develop a new industrial park soon, Partlow said.
Present for Monday’s meeting were Randy Anthony, Brian Brisendine, Mike Swaringen, and Michael Franke. Absent was Judy Besler.
Article Courtesy of Brownfield News