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Durant Industrial Authority approves land sale to Steel Fab to support expansion
Summary
The Durant Industrial Authority authorized sale of land and directed staff to develop deal points to support a proposed Steel Fab expansion that officials say could add up to 70–100 jobs and trigger state and federal infrastructure grant support.
The Durant Industrial Authority on Tuesday authorized the sale of land to Steel Fab and directed the executive director to develop deal points for the agreement.
The vote came after a presentation by David Garrett, identified as Texas president of Steel Fab, who said the company seeks about 20 acres adjacent to existing facilities “to expand the current location” and would add manufacturing capacity. Garrett said the expansion could create “another 70 to 100 jobs” and involve a capital investment “somewhere between a 10 and $15,000,000.”
Authority members emphasized…
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