LEDA announces businesses expanding, relocating to Lubbock - KCBD NewsChannel 11 Lubbock

LEDA announces businesses expanding, relocating to Lubbock

LUBBOCK, TX (KCBD) -

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." 

Copyright 2013 KCBD. All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • Oklahoma restaurant shooting victims recovering

    Oklahoma restaurant shooting victims recovering

    Saturday, May 26 2018 4:03 AM EDT2018-05-26 08:03:40 GMT
    Sunday, May 27 2018 3:11 AM EDT2018-05-27 07:11:58 GMT
    (Sarah Phipps/The Oklahoman via AP). Police officers stand at the scene of a shooting on the east side of Lake Hefner in Oklahoma City, Thursday, May 24, 2018. A man armed with a pistol walked into Louie’s On The Lake restaurant at the dinner hour and ...(Sarah Phipps/The Oklahoman via AP). Police officers stand at the scene of a shooting on the east side of Lake Hefner in Oklahoma City, Thursday, May 24, 2018. A man armed with a pistol walked into Louie’s On The Lake restaurant at the dinner hour and ...
    Authorities say a Facebook page in which a man claims his television is possessed by the devil belongs to the man suspected of shooting three people at an Oklahoma City restaurant before being killed by two armed...
    Authorities say a Facebook page in which a man claims his television is possessed by the devil belongs to the man suspected of shooting three people at an Oklahoma City restaurant before being killed by two armed bystanders.
  • The Latest: Rep: "Hero teacher" released from hospital

    The Latest: Rep: "Hero teacher" released from hospital

    Saturday, May 26 2018 10:46 AM EDT2018-05-26 14:46:33 GMT
    Sunday, May 27 2018 3:11 AM EDT2018-05-27 07:11:22 GMT
    (Robert Scheer/The Indianapolis Star via AP). Empty school buses leave after a shooting at Noblesville West Middle School in Noblesville, Ind., on Friday, May 25, 2018. A male student opened fire at the suburban Indianapolis school wounding another stu...(Robert Scheer/The Indianapolis Star via AP). Empty school buses leave after a shooting at Noblesville West Middle School in Noblesville, Ind., on Friday, May 25, 2018. A male student opened fire at the suburban Indianapolis school wounding another stu...

    The family of a student wounded during a school shooting in Indiana says she is in critical but stable condition.

    The family of a student wounded during a school shooting in Indiana says she is in critical but stable condition.

  • The Latest: Trump says Korea talks "going along very well'

    The Latest: Trump says Korea talks "going along very well'

    Saturday, May 26 2018 7:23 AM EDT2018-05-26 11:23:24 GMT
    Sunday, May 27 2018 3:10 AM EDT2018-05-27 07:10:31 GMT
    (AP Photo/Ahn Young-joon). Protesters hold candle lights during a rally to denounce the United States' policies against North Korea near the U.S. embassy in Seoul, South Korea, Friday, May 25, 2018. North Korea said Friday that it's still willing to si...(AP Photo/Ahn Young-joon). Protesters hold candle lights during a rally to denounce the United States' policies against North Korea near the U.S. embassy in Seoul, South Korea, Friday, May 25, 2018. North Korea said Friday that it's still willing to si...

    North Korean leader Kim Jong Un and South Korean President Moon Jae-in have met for the second time in a month to discuss peace commitments they reached in their first summit and Kim's potential meeting with...

    North Korean leader Kim Jong Un and South Korean President Moon Jae-in have met for the second time in a month to discuss peace commitments they reached in their first summit and Kim's potential meeting with President Donald Trump.

Powered by Frankly