New Company Could Bring Jobs

9 years 6 months 1 day ago October 25, 2007 Oct 25, 2007 Thursday, October 25 2007 Thursday, October 25, 2007 9:54:10 AM CDT in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
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LAMAR (AP) - A new company is poised to bring nearly 500 new jobs to southwest Missouri. City officials in Lamar say a Texas-based door manufacturer will lease about half of the former O'Sullivan Industries plant, pending approval of a tax-incentive plan. City Administrator Lynn Calton said the jobs will pay an average $41,000 per year. The City Council considers final approval for a tax-increment-finance (TIF) district November 5th that would grant funding for building renovation and tax breaks. If creation of the district is approved, Polymer-Wood Technologies will lease part of the 1.2 million square foot building from a California investment company, which is under contract to buy the structure.

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