Sherman brewery shifts plans to help lure another high-tech expansion
SHERMAN, Texas (KTEN) — As Texas Instruments builds its new $30 billion chip-making factory in Sherman, the Sherman Economic Development Corporation has approved several resolutions Tuesday to grease the wheels for another semiconductor manufacturer — Taiwan-based GlobalWafers — to bring a project to the city.
Several weeks ago, SEDCO approached 903 Brewers to move its proposed expansion across the street to make way for the firm.
The new site of 903 Brewers will give that business some extra breathing room.
"Our land was right there on the corner of Northgate and 1417," said 903 Brewers founder Jeremy Roberts. "This new company is going to need 100 acres. Well, our original five acres was right there on that corner. SEDCO approached us, and said, 'Hey, look: If you guys will just move across the way, we'll give you a little over 10 acres.'"
The shift will help with SEDCO's proposition to land the GlobalWafers project. GlobalWafers already has a subsidiary, GlobiTech, at that intersection. It makes semiconductors.
Sherman is one of three sites under consideration for the expansion.
"A foreign country — Korea — and we're competing against the State of Ohio for this project," said SEDCO president Kent Sharp. "We approved a $20 million incentive package."
SEDCO is working with entities across Grayson County and Sherman before the proposal is submitted.
"Right now we are clearing all of the hurdles out of the way so we can say we been given the authority to submit this proposal on behalf of all the entities in Sherman," Sharp said.
It was just last month that Texas Instruments broke ground for its $30 billion semiconductor manufacturing plant in Sherman that is envisioned to bring as many as 3,000 new jobs to the city.