Progress Rail expansion in Sherman

By: KXII-TV Staff Email
By: KXII-TV Staff Email

SHERMAN, Tex. – An economic development initiative in Sherman could bring in millions of dollars and double the size of a local business. On Monday, members of the Sherman Economic Development Corporation approved a progress agreement for the expansion of Progress Rail.

Progress Rail makes railroad components. The project could double the size of its plant in Sherman and will create 30 to 40 new jobs. During the first two years of operation, the company will receive over $784,000 in incentives.

"We're very excited that we've had an existing business expanding. Whenever we have an existing business expand, it's good for our community economy. It pumps more money into our economy and that helps everybody who lives here," SEDCO president John Boswell said.

Representatives of Progress Rail say the expansion of their current plant is expected to be complete by the beginning of 2009.

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  • by midniteryder Location: Sherman on Dec 11, 2007 at 08:12 PM
    What does this have to do with anything?
  • by citizen Location: texas on Dec 10, 2007 at 09:31 PM
    Wonder if they (PRS) will finally report the old guy to the IRS that brings breakfast tacos to them every morning and makes many many many dollars pay taxes? We all gotta pay and pay and pay and so should they.
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