Houston County Courier - Local News
Stories Added - July 2009
Copyright 2009 - Polk County Publishing Company
Local firm expands
Houston County Courier - July 2009
By Suzanne Steed
Crockett Economic and Industrial Development Corporation was host to an expansion held at Elastotech Southwest, located on Loop 304.
Tim Culp, president of CEIDC, began by stating that “Elastotech became interested in the community in 1999 when Bob Lewellan contacted CEIDC because of an interest in consolidating two locations in Texas and one in California; into one location in Crockett.
Culp said, “The expansion that is celebrated represents an incentive package of $175,000 for the creation of 28 new jobs.
“With the advancement of Elastotech rubber molding into the expansion of the rubber extrusion business shows that even in a negative national economy, great things can still happen in rural Texas.
“Assistance from Crockett Economic and Industrial Development Corporation does not always come in the form of cash incentives. Often, it is by providing information and giving direction to a particular issue or question.
“The purpose of CEIDC is to promote, assist, and enhance economic development activities and quality of life opportunities. Since 2000 over 33 businesses have opened or expanded in Crockett.
“They represent over 200 jobs and over $7 million in property value. CEIDC has paid direct incentives of approximately $704,525.84, creating or retaining over 100 primary jobs, and creating and retaining approximately $9,000,000 in property tax value,” Culp said.
Houston County Judge Lonnie Hunt said, “Elastotech’s expansion was in celebration not only of the positive growth of the company itself but also the positive impact that the company has had on the city of Crockett’s economic development.”
Likewise, Mayor Wayne Mask added, “Crockett is grateful for businesses like Elastotech and that their investment in our community means a great deal to the local economy. The partnership that has been formed between Crockett and Elastotech is just one example of how cooperation and hard work can benefit everyone within this community.”
Culp said, “We have seen some negative events happen over the past 13.5 years at Crockett EDC, but I ask you to think back just 10 years and think about where we would be had we not had the success of businesses such as Elastotech.”
Lewellan showed interest in the industrial park however he was anxious to move quickly if possible,” Culp said.
“With that in mind and a desire to assist Elastotech, CEIDC prepared an incentive offer which would enable Elastotech to relocate. Necessary improvements were made to the current building that the firm now occupies and a lease agreement was executed.”
Culp also said “Since the initial offer, Elastotech has purchased the building as well as enlarged the facility by doubling in size for growing needs.”
Lewellan welcomed the crowd that had come to celebrate the company’s growth.
He introduced his staff and expressed his appreciation to his workers for their dedication and interest in the company.
Lewellan also expressed sincere appreciation for the support, enthusiasm and willingness that CEIDC showed in helping Elastotech to reach its potential.
Elastotech’s open house was well attended and supported by the community. Many community members had no idea what the business manufactured and were surprised by the varied products that were manufactured as well as the far-reaching customer base.