is also under way in Nacogdoches.
"We're covered up in
activity right now."That's a direct quote
from the chair of the Nacogdoches Economic Development Corporation. The
expansion of existing industry and new retailers can't be ignored.
KTRE News wanted to
find out why the new development is going on right now, as opposed to last year
or next year. The search for answers started during a drive on the Nacogdoches
loop Wednesday morning.
On the daily commute
every day, motorists might notice something different about Loop 224, other than
the faster speed limit. There's construction going on, and new businesses are
The most noticeable
is Ludco Electric. It's going into a new building, which will be twice the size
of its existing facility less than a quarter a mile down the road.
"Last year was real
slow," said Jason Yeley, the general superintendent at Ludco Inc. "I mean we
had to cut back a little bit, but this year we picked up quite a few jobs and
got plenty of guys working."
When an existing
business expands it's usually good news for a lot of people. All these pickups
in the Ludco parking lot belong to sub-contractors busy at work.
KTRE News discovered
that the new building won't be sitting idle.
"Bright Coop is
expanding into that business and they'll be building or in the process of building
a new one and that's great," said Ed Pool, the former chair of NEDCO. "It's an
expansion of two businesses in town."
Wanting to find out
more, KTRE News traveled to Bright Coop. However, the company's executives said
it is premature to talk about it at this time.
A visit to an
economic guru in town a couple of weeks ago revealed that there is now less
hesitation about taking a leap of faith.
"Recent studies have
shown that there is quite a pinned up demand," Pool said. "There's been such an uncertainty in the last
three or four years they've actually sat on cash and so now they're beginning
to invest in infrastructure for their business."
competitive field for new business has opened up.
"The jobs that are
represented by these leads are in the hundreds, so we're very excited about the
prospect of getting some new manufacturers," said David Alders, the NEDCO
still contend with vacant properties and even a closed down businesses, but
overall, their drive to work is promising.
Business owners are
also watching the gradual increase in interest rates. They're realizing now is
the time to lock in rates.
Tuesday, August 19 2014 4:10 PM EDT2014-08-19 20:10:07 GMT
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