TX: Petrosmith to Expand in Abilene with $25 Million Investment, Creating 250 Additional Jobs
Petrosmith, a leading oil and gas production equipment manufacturer and Abilene-based company since 1983, will expand its operations with a $25 millio...
Phone : 325-676-6390
Toll-free : N/A
Fax : (325) 676-6377
Email : misti.mayo@abilenedcoa.com
Website : www.DevelopAbilene.com
Abilene has the exclusive claim of being the first city in Texas to adopt the sales tax for economic development. With the passage of a ½ of 1 percent local retail sales tax, the Development Corporation of Abilene (DCOA) was formed in 1989 as a Type A municipal economic development corporation. Annual proceeds from the ½ cent sales tax have grown from just under $4 million in 1990 to over $10.5 million in 2015.