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>>

  • Trump says he's eyeing Veterans' Day for military parade

    Trump says he's eyeing Veterans' Day for military parade

    Saturday, February 24 2018 10:05 PM EST2018-02-25 03:05:32 GMT
    Sunday, February 25 2018 5:07 AM EST2018-02-25 10:07:04 GMT
    (Source: White House)(Source: White House)

    The president says a parade would be "something great" for the country's spirit.

    The president says a parade would be "something great" for the country's spirit.

  • After years of dejection, proponents of gun laws see hope

    After years of dejection, proponents of gun laws see hope

    Saturday, February 24 2018 10:35 AM EST2018-02-24 15:35:23 GMT
    Sunday, February 25 2018 5:06 AM EST2018-02-25 10:06:20 GMT
    The progression has become numbingly repetitive - mass bloodshed unleashed by a gunman, followed by the stories of the fallen, the funerals and mourning. (Source: AP Photos)The progression has become numbingly repetitive - mass bloodshed unleashed by a gunman, followed by the stories of the fallen, the funerals and mourning. (Source: AP Photos)

    "Our kids have started a revolution:" Teens' activism after Florida school shooting has some hopeful for action on gun policy.

    "Our kids have started a revolution:" Teens' activism after Florida school shooting has some hopeful for action on gun policy.

  • NRA, Florida face backlash after latest school shooting

    NRA, Florida face backlash after latest school shooting

    Saturday, February 24 2018 4:36 AM EST2018-02-24 09:36:41 GMT
    Sunday, February 25 2018 5:05 AM EST2018-02-25 10:05:55 GMT
    (AP Photo/Mark Lennihan, File). FILE- In this Feb. 15, 2006, file photo, BlackRock headquarters is shown in New York. U.S. companies are taking a closer look at investments, co-branding deals and other ties to the gun industry and its public face, the ...(AP Photo/Mark Lennihan, File). FILE- In this Feb. 15, 2006, file photo, BlackRock headquarters is shown in New York. U.S. companies are taking a closer look at investments, co-branding deals and other ties to the gun industry and its public face, the ...

    NRA faces corporate backlash after latest school shooting.

    NRA faces corporate backlash after latest school shooting.

Powered by Frankly