A Georgia company creating a $300 million fiber-optic highway across Texas has plowed about a tenth of that investment into the Texas Panhandle, an executive said.
FiberLight, a limited liability company, has completed about three-quarters of a planned 8,000-mile network that will link nearly 1,000 cell towers statewide, including 250 to 300 in the Texas Panhandle, said Ron Kormos, president of FiberLight’s Texas operations.
The Amarillo Economic Development Corporation currently has available an exceptional building available for sale or lease. The site, located at 4320 S. Western Street, is comprised of 63,383 square-feet situated on approximately 5 and a half acres. Originally constructed in 1974 as a consumer goods store, a remodel was commissioned and completed in 1997 and a major insurance company occupied and utilized the facility as a call center until mid-2013. The current configuration within the facility would allow a company to seat 475-plus employees at full production.
The wind is so relentless that a week can go by before it is calm enough for a crane operator to install the 30-ton blades atop the 260-foot towers at the Panhandle 2 wind farm here. It’s worth the wait; a single turbine at the farm can produce 40 percent more energy than an average one.
But turning wind into electricity is one thing; moving the energy to a profitable market is another. For years, the wind industry has been hampered by such a severe lack of transmission lines that when the wind is strong, a local power surplus forces some machines to be shut down.
The U.S. Small Business Administration has guaranteed 155 loans worth $65 million to small businesses in Potter and Randall counties since 2009, a regional administrator for the agency said Monday.
Lorie Vincent, of Stratford, Texas, has been tapped to serve as the first Executive Director of Team Texas. Team Texas – which was created by TEDC members in 1986 -- is an economic development marketing outreach organization and was created to promote Texas and its member communities as the premier state for business.