Posted: Mar 31, 2014 3:02 PM
Source: Associated Press
SPRINGHILL- Gov. Bobby Jindal says a Texas company plans a $20 million plant to make plastic railroad ties and other railroad products near Springhill.
IntegriCo Composites also will move its corporate headquarters from Temple, Texas, to Webster Parish.
The company plans to hire 300 people with an average salary of $35,000 a year, plus benefits.
It's leasing 178,000 square feet of manufacturing space and 12 adjacent acres from the North Webster Parish Industrial District.
The state and parish are offering incentives valued at $10 million.
The state is offering $2.5 million in infrastructure improvements and the same amount in performance-based awards.
The parish is providing a 10-year performance-based grant of $500,000 annually to support IntegriCo's lease of manufacturing equipment at the industrial park.