New jobs heading to Durant

By: Morgan Downing Email
By: Morgan Downing Email

DURANT, OK -- A local business is expanding, adding dozens of jobs. The Durant Industrial Authority is helping make that possible.

PharmcareOK asked the Durant Industrial Authority for a $520,000 loan to help pay for it's new location.

The trade off, the company promises to bring 52 new jobs. PharmcareOK said it will create those 52 new jobs by 2014.

The company is a closed door pharmacy that supplies nursing homes. Once renovations to their new property are complete in October, they will start hiring.

The jobs will range from pharmacists, pharmacy technicians, delivery drivers and office and marketing staff.

Durant Mayor, Jerry Tomlinson, said the City Council and DIA were confident in lending the loan that Durant taxpayers pay for, because they believe the job growth is promising.

"They're having growing pains, as we say, and this is an opportunity for team Durant to participate in their expansion with a zero interest loan that will be paid back in ten years. And their job is to create these 52 quality jobs," Tomlinson said.

The company's annual payroll will be $2.4 million by 2014.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Mickey Location: Denison on Jul 11, 2012 at 11:28 AM
    Creating new jobs BEFORE the election? Apparently, they didn't get the memo from the RNC.
  • by Kyle on Jul 11, 2012 at 06:10 AM
    Wait until Obamacare kicks in - they'll have to scale back to 49 employees to avoid the $2000 a year (per employee) cost. That or pay outrageously high insurance premiums. Those of you on ogvernment aid need not worry - yours will still be free.
    • reply
      by Logic on Jul 11, 2012 at 12:34 PM in reply to Kyle
      You are a weak minded fool. READ the last line of the article. The ANNUAL PAYROLL is going to be 2.4 MILLION dollars. Divide that between 52 employees and that is 46,153 PER EMPLOYEE PER YEAR!!!! This company can EASILY afford a 500-1,000 per month FAMILY insurance plan for EVERY single employee..and still pay them WELL ABOVE the medium income for this area. Can you live on 3,300 per month AFTER they pay your health DURANT? You people are screaming complete don't even read articles...or do math.
      • reply
        by Anonymous on Jul 11, 2012 at 01:45 PM in reply to Logic
        I think you mean 'median' income. You often engage in malapropisms in the midst of declaring others ignorant. Those figures quoted are not accurate, by the way. What is required for the interest free loan is 1 job paying 1.5 times minimum wage per 10,000 of the loan value. The majority of the employees will NOT be making 50 grand per year, more like half that. But the required 2 or three pharmacists will bring that average way up. The total amount of the payroll is not a part of the loan agreement, only the minimum wage they can pay matters. Companies that move to Durant do so so they can pay less, not more, than they would pay elsewhere.
        • reply
          by Logic on Jul 11, 2012 at 05:03 PM in reply to
          I realize its median income, but a company like this can and will be able to afford health insurance for their employees. Being its a medical supply company, and pharmaceuticals and medical devices are the two most profitable sectors in that field, these employees will be offered health insurance from the get go. If not, certainty to those after a preliminary period of employment. If they hire wisely, getting at least half the workforce from single adults with no families, they can cover a single employee for just a few hundred a month easy. Not EVERY employee is going to require a 1,000 a month family plan. And FAR from the doomsday scenario this guy is trying to spin!
        • reply
          by Anonymous on Jul 13, 2012 at 07:28 AM in reply to
          How do you know what sort of business model this company will have? There will be no companies with 51 employees unless they are managed by morons. There are several demands put upon businesses with a certain number of employees which only serve to create independent contractors to get around the regulations. That's going to be job one for the IRS, cracking down on subcontractors to force companies to put them on the payroll after paying ridiculous fines and back taxes. Why do you think companies set up shop around here, for the culture? It's free loans, cheap labor, cheap land, cheap housing, and a reasonable proximity to population centers. They won't, and shouldn't, pay a dime more than they need to pay to acquire and maintain a competent labor force. And if costly regulations require you to pay much more once you exceed a certain number of employees and you can get by with a half dozen fewer to avoid that cost, you pay a little more overtime and tell the government to go pound sand. What alternate universe do you live in?
      • reply
        by Jeff on Jul 11, 2012 at 03:54 PM in reply to Logic
        What makes you think the payroll will be divide equally? I wish it worked like that. The actual wages will vary by job type. So 10% will get 90% of the payroll and the crumbs will be scattered for the rest.
        • reply
          by Mickey on Jul 13, 2012 at 07:43 AM in reply to Jeff
          Your analysis of 10% getting 90% of the money sounds like a Romneynomics.
Sherman 4201 Texoma Pkwy (903) 892 -8123 Ardmore 2624 S. Commerce (580) 223-0946
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 162019755 -
Gray Television, Inc.