The Longview Economic Development Corp. will assist a local company that plans to add at least 15 jobs and make at least a $4.5 million investment in equipment and improvements to its Longview facility.
LEDCO directors on Thursday approved a $400,000 incentive for KeepRite Refrigeration that would be paid over three years as the company meets certain benchmarks: $100,000 in the first year contingent on the addition of five full-time jobs and an investment of at least $100,000 in equipment and improvements to its Longview facility; $150,000 in the second year depending on the addition of five full-time jobs and a capital investment of at least $4 million; and $150,000 the third year contingent upon the addition of five jobs and an investment of at least $400,000 in equipment and improvements.
The board's action requires that a performance agreement be executed with KeepRite within 90 days.
Read the full story from our partners at the Longview News-Journal.
