Industry Changes Coming Soon to Fannin County - KTEN.com - No One Gets You Closer

Industry Changes Coming Soon to Fannin County

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FANNIN COUNTY, TX -- Some big changes are coming soon in Fannin County. A nearly 50-year-old power plant in Savoy is mothballing, and a new manufacturing plant is coming soon to Bonham.  Deeda Payton reports on what this means for the local economy.

The good news is ten to fifteen new jobs are coming with the opening of the new manufacturing plant. The bad news is the twenty employees who work at the power plant will either be relocated or will lose their jobs.

You've probably seen the Valley Power Plant from highway 82 in Savoy. It's been in Fannin County for 48 years and employs twenty people. A few years ago the company made the decision to mothball; it closed for over a year and reopened. Now, it's doing that again. Only this time, no one knows if it will reopen.

What county and city leaders do know is that it brings $52,000 dollars in tax revenue annually.  Now, they're hoping a new tarp manufacturing company, Polytuf Brands, will offset the economical impact. The new manufacturing plant will be located inside the old Orschelin's building.

"Anytime we can bring a new industry into town I think everybody wins. It's very unfortunate to see one like the power plant leave be there ya go again with the economy, it's just tough," said Bonham City Manager, Corby Alexander. "Evidently, they've decided it's not producing enough money or they don't need it right now. I'm not real sure," said Fannin County Judge, Eileen Cox.

The Valley Power Plant will close in September. The new Polytuf Brands manufacturing company will begin taking job applications June second.

Deeda Payton, KTEN News.