The Lubbock Economic Development Alliance (LEDA) says 167 new jobs are coming to Lubbock. Two local businesses are expanding and one new business is on the way, all related to manufacturing.
AmpliSine Labs and Professional Rebuild & Optimal Service (PROS) will be expanding while SERVCO Chemical from Hereford will be opening a new location on 66th Street.
"Logistically, it's great. Finding employees is great," said Rhett Newberry, General Manager of PROS. Newberry said he feels like Lubbock has a great environment for small businesses.
LEDA and Market Lubbock CEO John Osborne describes these companies as primarily industrial.
"PROS helps rebuild industrial air compressors and pumps, AmpliSine puts together new technology that helps monitor wells remotely and SERVCO blends a variety of different chemicals in the food and meat industries," he said.
LEDA representative Alyssa Kitten says the new business is expected to bring $7 million in new salaries and add $19.1 million annually to Lubbock's gross regional product.
Texas Tech Economics professor Armando Lopez, Ph.D. said this will benefit the Lubbock economy to an even greater extent.
"The total impact in the community is going to be much more than the $7 million that they're going to be paying in wages," he said. "Those (employees) are going to generate extra demands for goods and services and in many of those extra demanded goods there will be an extra demand for labor."
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