LUBBOCK ECONOMIC DEVELOPMENT ALLIANCEPub 78
Pub 78
Programs
Program 1 [2018]
IN 2017-2018 LEDA WORKED WITH HOVERSTATE, A LOS ANGELES-BASED COMPUTER SOFTWARE DEVELOPMENT COMPANY TO ESTABLISH AN OFFICE IN DOWNTOWN LUBBOCK AT THE COURTHOUSE LOFTS. THIS HISTORIC BUILDING FORMERLY HOUSED THE U.S. POST OFFICE AND THEN BECAME THE LUBBOCK COUNTY COURTHOUSE. HOVERSTATE WILL CREATE 50 NEW JOBS WITH AN AVERAGE SALARY OF $60,000. LEDA ALSO ENTERED INTO AN AGREEMENT WITH BANDERA VENTURES BASED IN DALLAS TO CONSTRUCT A 160,000+ SQUARE FEET BUILDING AT THE LUBBOCK BUSINESS PARK. THE AVAILABILITY OF A MOVE-IN READY BUILDING OF THIS SIZE IS AN IMPORTANT TOOL FOR LEDA TO BE ABLE TO ATTRACT NEW BUSINESSES TO LUBBOCK. WITH THE TRANSITION OF THE CITY OF LUBBOCK'S OFFICES TO THE NEW CITIZENS TOWER, THE CITY OF LUBBOCK, SOUTH PLAINS COLLEGE, THE CH FOUNDATION, TEXAS TECH UNIVERSITY AND LEDA ALL CAME TOGETHER TO DEVELOP A MODEL THAT WILL ALLOW THE CURRENT CITY HALL TO BECOME AN ACADEMIC CENTER FOR SPC. RENOVATION IS ANTICIPATED TO BEGIN IN 2020. THIS ACADEMIC CENTER WILL ALLOW CITIZENS WITH LIMITED RESOURCES, AS WELL AS OTHERS, TO FURTHER THEIR EDUCATION AND OBTAIN SKILLS TO ENTER THE WORKFORCE. IT IS ANTICIPATED THAT UPON ITS OPENING, THE CENTER WILL BRING 2,500 STUDENTS INTO DOWNTOWN EACH DAY. LEDA LAUNCHED THE CORPORATE COMPONENT OF THE RETURN2LBK WORKFORCE CAMPAIGN FOCUSING ON LUBBOCK'S ABILITY TO CONTINUE DEVELOPING A TALENT PIPELINE FOR GROWING LOCAL INDUSTIRES. LEDA AGAIN PARTNERED WITH THE TWC AND WORKFORCE SOLUTIONS SOUTH PLAINS TO GRANT TO SIX AREA SCHOOL DISTRICTS FUNDS TO BE USED TO PURCHASE EQUIPMENT THAT WOULD BENEFIT MORE THAN 700 STUDENTS IN THIS YEAR ALONE, HELPING THEM BE MORE PREPARED TO ENTER THE WORKFORCE.GeographiesNot indicatedDatesOct 1, 2017 – Sep 30, 2018Source990No causes providedNo populations provided–$6.8MEconomic Growth and Workforce Development
AS THE UNITED STATES, TEXAS AND LUBBOCK, IN PARTICULAR, LEARNED TO NAVIGATE THROUGH THE PANDEMIC AND ESTABLISH A SAFE METHOD OF CONDUCTING BUSINESS DURING AND AFTER THE RECOVERY, LEDA EXPERIENCED A TREMENDOUS AMOUNT OF INTEREST FROM COMPANIES ACROSS THE COUNTRY. LEDA RE-ENGAGED WITH LEPRINO FOODS TO LOCATE A $1 BILLION+ CHEESE MANUFACTURING FACILITY EMPLOYING OVER 600 INDIVIDUALS IN LUBBOCK. THIS PROJECT IS THE SINGLE LARGEST PRIVATE CAPITAL INVESTMENT IN THE HISTORY OF LUBBOCK. WORKING SIMULTANEOUSLY WITH LEPRINO WAS BASF TRAIT RESEARCH WHO EXPANDED AND REMODELED THEIR FACILITIES IS LUBBOCK ADJACENT TO THE NEW LEPRINO FACILITY TO MAKE LUBBOCK ONE OF THE LEAD RESEARCH FACILITIES IN THE BASF CROP PRODUCTION SYSTEM. THE SELECTION OF LUBBOCK FOR THESE COMPANIES HAS REQUIRED LEDA TO EXTEND THE ROADS AND UTILITIES IN EAST LUBBOCK TO SUPPORT THE GROWTH OF THE LUBBOCK ECONOMY IN THAT AREA OF THE CITY. WORKFORCE TRAINING EFFORTS CONTINUED THAT PROVIDED NEW TECHNICAL TRAINING EQUIPMENT TO AREA SCHOOL DISTRICTS TO TRAIN THEIR STUDENTS TO BE READY TO ENTER THE JOB MARKET UPON GRADUATION AND LEDA CONTINUES TO INVEST SIGNIFICANT RESOURCES TO AREA SECONDARY SCHOOLS TO ENSURE THAT HIGH SCHOOL STUDENTS ARE PREPARED TO EITHER CONTINUE THEIR EDUCATION OR TO BE QUALIFIED TO OBTAIN GOOD-PAYING JOBS UPON GRADUATION. INTEREST IN BUSINESS EXPANSION TO LUBBOCK REMAINS STRONG AND THE LEDA SALES TEAM CONTINUES TO MEET WITH NATIONAL AND INTERNATIONAL COMPANIES TO CONSIDER EXPANSION INTO THE LUBBOCK MARKET. LEDA AND LUBBOCK ARE POISED TO MAKE SIGNIGICANT STRIDES IN SECURING A STRONG WORK ENVIRONMENT IN LUBBOCK.GeographiesNot indicatedDatesOct 1, 2021 – Sep 30, 2022Source990No causes providedNo populations provided–$46.1M
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