At the SEED (Sweetwater Enterprise for Economic Development) board of directors meeting on Monday, approval was given for the purchase of some property to be used as an access point for SEED's new industrial property.
The new industrial property is located on West Broadway, and the approval during Monday's meeting was a purchase from Oncor Electric on CR 141. Negotiations had been taking place on the cost, which was agreed by both entities at the price of $35,000.
As a result of the progress, SEED is very close to closing on the property. Later in the meeting, SEED Executive Director Ken Becker shared that they are beginning to look at other properties to consider for future endeavors.
In addition, the February 2014 financial statements were reviewed and approved at the meeting, as well as the payment of accounts payable and the minutes from the March 2014 meeting.
Various updates were also given, with Marketing/Admin. Director Kirstin Smith sharing that positive feedback was heard from this year's Senior Interview Day. Highland High School participated in this year's program, which gives senior students the opportunity to take part in mock interviews.
With the ongoing expansion in the county, two businesses are working toward groundbreaking and grand opening ceremonies. The groundbreaking for the Buzzi Unicem expansion could take place late this summer, while the BNSF grand opening has been set for October 7.
Smith also stated that a recent meeting in Big Spring involving the TCEQ (Texas Commission on Environmental Quality) and the Railroad Commission offered an overview of regulations and contacts. And in his monthly report, Becker discussed that SEED would be promoted at a one-day oil and gas trade show in Midland this week.
As growth in the Permian Basin continues, he stated that many companies are looking to establish itself outside of that area and are considering places like Sweetwater. Becker also discussed his trip to Houston with AllTrans Port Services, noting that Sweetwater continues to prove itself as a prime logistical location between eastern New Mexico and the Dallas-Fort Worth area.