Levelland EDC goes "GREEN", Inks Deal with Cotton Insulation Manufacturer Eco Blue
Levelland EDC officials met at noon on Monday with Eco Blue to iron out details of a deal that will bring the cotton insulation manufacturer to Levelland, a rural community just 30 miles west of Lubbock, Texas.
After months of negotiations, a deal was finally reached that will put a 40,000 sq. ft. industrial building back into use in the Levelland Industrial Park.
Eco Blue director and plant manager David Davis says, "We want to be here and we are ready to get started." Davis along with his partner Rex Neitsch will begin moving in equipment this week and expect to be up and running within a couple of weeks.
The company signed a 10 year lease purchase agreement that will put the cotton insulation manufacturer into operation in the former knitting mill building. Eco Blue will be required to hire 20 full time employees within 24 months and make additional capital investments. In return the EDC agrees to provide $350,000 corporate incentive for operating capital, 1/2 at time of equipment delivery and 1/2 when the first pound of cotton insulation is produced and ready for shipping.
The company will use raw cotton grown locally for a feedstock to produce a finished loose-fill insulation that is safe for the environment, contains no harmful chemicals or irritants, and will be shipped nationwide. They will also produce a line of products for the bedding industry and a line of natural cotton batt insulation.
Watch for more to come as the company begins its operation in the Levelland Industrial Park.