During the special-called meeting of the SEED (Sweetwater Enterprise for Economic Development) Board of Directors on Monday morning, August 27 at the Chamber of Commerce, approval was given toward the incentive proposal for Cornett Computer Repair and Sales.
With the incentive, Benny Cornett, the owner of the local business, will be able to continue with the expansion of his business which will include a sixty-plus mile radius of Sweetwater, work with government and commercial entities, and programming for statewide projects.
According to Ken Becker, the Executive Director of SEED, the incentive will include an up-front grant along with an incentive agreement which will assist Cornett while he also increases his employee base over a five year time frame.
SEED helps companies in expansions and relocations in accordance with the State of Texas Type A guidelines.
â€śThis [incentive] is an example of how SEED can assist a growing business in their expansion of primary jobs,â€ť said Kyle Lawrence, the president of the SEED board.
â€śEconomic development is the process by which new dollars are infused into a local economy by primary employers,â€ť Becker explained. â€śPrimary employers are companies whose products or services are ultimately used in statewide, national, or international markets.â€ť