Sabo USA has plans to install additional equipment at its facility in the Lincoln County Industrial Park, creating at least 12 new jobs in the process.
An incentive grant agreement allowing for the expansion received unanimous approval from the Lincoln County Board of Commissioners Monday night.
Sabo, a manufacturer of parts for the automotive industry, would invest $2 million in the planned equipment installation within two years, with the county providing $5,441.80 annually for a five-year period in return.
Kara Brown, existing business manager for the Lincoln Economic Development Association, cited the company’s increased demand throughout the United States and globally as reason for the expansion.
Under the agreement, the new jobs would pay average weekly wages of $400. Installation of the equipment is expected to be under way by November.
Hydac to break ground
Also at Monday’s meeting, commissioners unanimously approved an extension of the county’s incentive grant agreement with Hydac, a Germany-based manufacturer of hydraulics.
The company’s plans for Lincoln County have been a long time in the making, with the initial incentives package approved back in June of 2010.
Crystal Gettys, interim director and business development manager for LEDA, told commissioners that the company had some “issues internally” that had resulted in the need for extending the start date for construction of its plant.
The company had at one point planned to begin that work in September 2011, but has now ended up delaying it by a year.
She noted that Hydac has awarded a contract for the construction and plans to break ground at its lot in the Airlie Business Park in Denver on Wednesday, Aug. 15.
The facility should be roughly 60,000 square feet and will house roughly 50 employees, according to previous Times-News reports.