KEDC News & Press

ODC Grants Company $1 Million

admin — Thu, 12 Feb 2009 15:04:00 -0600

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

Largest Sales Tax Check in History

admin — Wed, 11 Feb 2009 16:39:00 -0600

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.

Which way does the wind blow?

admin — Fri, 06 Feb 2009 16:44:00 -0600

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.

Flint Hills ESOP

admin — Wed, 28 Jan 2009 16:54:00 -0600

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

Clean Coal Bill

admin — Thu, 15 Jan 2009 14:06:00 -0600

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