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Board approves $300,000 incentive for True Lightning Production LLC to expand local manufacturing
Summary
The Development Corporation approved a $300,000 economic‑development incentive for True Lightning Production LLC, a local company expanding into lightning‑protection manufacturing; staff projected an $850,000 capital investment, eight new full‑time jobs and a roughly 5.2‑year payback on the incentive under the model presented.
The San Angelo Development Corporation on Dec. 10 approved a $300,000 incentive to True Lightning Production LLC to support the company’s planned expansion into full manufacturing and installation of lightning‑protection systems, primarily for oil‑field customers.
Bob Schnevens presented the item and described True Lightning as a local firm moving from component…
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