News

  • ODC Grants Company $1 Million
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    Posted: 
    02/12/2009
    Author: Geoff Folsom

    The Odessa Development Corp. board gave Lufkin Industries a million reasons to keep its operations in Odessa Thursday.

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  • Largest Sales Tax Check in History
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    Posted: 
    02/11/2009
    Author: Odessa American

    Odessa's February check of $2,912,173.36 rose 12.28 percent from February 2008. The city of Odessa will pocket $2,329,738 of the check, while the Odessa Development Corp. will get $582,434.

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  • Which way does the wind blow?
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    Posted: 
    02/06/2009
    Author: Geoff Folsom

    Ector County Commissioners will vote Monday on a 10-year tax abatement for the Ector County portion of Duke Energy's Notrees Wind Farm.

    The company plans to build 11 1.5-megawatt turbines in phase 1B of the project in Ector County. The remainder of the 40 wind turbines would be built in Winkler County.

    The agreement calls for a 60-percent county property tax abatement for the wind farms first five years and a 40-percent abatement the second five years, said Gary Vest, economic development director for the Odessa Chamber of Commerce.

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  • Flint Hills ESOP
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    Posted: 
    01/28/2009
    Author: Geoff Folsom

    An employee stock ownership plan at Flint Hills Resources Odessa chemical plant is picking up steam, its organizers say.

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  • Clean Coal Bill
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    Posted: 
    01/15/2009
    Author: Geoff Folsom

    Officials are hoping that a bill filed Thursday can help bring a $2.8 billion coal gasification plant to the area.

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