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Companies Expanding in Kilgore

The Kilgore Economic Development Corporation board of directors approved two economic development performance agreements at its last regular board meeting that, together, represent a $4 million retained and new investment in Kilgore and the retention and creation of 71 jobs.
 
“These agreements benefit companies already operating in Kilgore and benefitting the local economy,” says KEDC Executive Director Amanda Nobles. “They are producing products and offering quality jobs. We are thrilled to be a part their growth.”
 
Cleveland Steel Container Corporation dba CS Container projects to invest $1,000,000 in new equipment, retain 30 employees and create up to six new jobs.
In return, KEDC agreed to reimburse the company up to $30,000, with up to $15,000 for the creation of six new jobs and up to $15,000 for the investment in new equipment over a period of five years.
 
About Cleveland Steel Container:  Cleveland Steel Container Corporation is one of the largest manufacturers of steel pails in the United States. The Company markets its products throughout North America to both large Fortune 500 companies as well as small, family-owned businesses.
 
Merritt Preferred Components, Inc.  projects to retain $3,000,000 in investment and retain 35 jobs.
In return, KEDC agreed to reimburse the company up to $112,500, with up to $7,500 for the retention of investment and up to $105,000 for job retention over a period of three years.
 
About Merritt Preferred Components:  Merritt Preferred Components, Inc. (Merritt) is a privately owned, modern machine shop manufacturing facility specializing in complex, medium to large, CNC milling, turning, grinding and assembly for the aerospace, energy, and other commercial industries.
 
About KEDC: KEDC is an organization focused on growing the Kilgore economy and funded by a dedicated sales tax approved by voters. It is directed by a five-person board and managed by a staff of four with certifications in economic development and economic development finance.  KEDC has won international awards for excellence in economic development. In the last five years the organization has closed deals representing more than $133 million in new and retained investment and 2,600 jobs.