Economic Development Commission Offer The Crosby Group Incentive to Stay in Texas

The Longview News-Journal recently printed an article detailing an economic development incentive being offered to The Crosby Group for the company to remain invested in the Longview, Texas location for the long-term. LEDCO (Longview Economic Development Commission) announced that Crosby/Lebus “is being offered $2 million by the city’s economic development arm to lure a capital investment of $45.1 million and keep about 400 full-time jobs in Longview.” 

The article continues to state that “the company is considering an expansion in Longview through the acquisition of the former Dana (Corp.) facility in the Longview Business Park,” said Susan Gill, LEDCO executive director. “They will move from Fisher Road to the park and will have to renovate the building to meet the needs of new, updated equipment used in the forging process.”

She said the expansion is not a sure deal.

“It is our understanding that Longview is competing with two other locations in two different states,” Mazarakes-Gill said. “We hope this incentive package proves to the company officials that we want Crosby/Lebus to remain in Longview, invest in Longview and grow in Longview.”

The company produces steel forgings for wire rope and chain fittings and forged lifting devices for building, construction and drilling operations. Lebus Manufacturing began in Longview in the 1940s, later becoming a division of Oklahoma-based The Crosby Group. Crosby also has plants in Arkansas, Oklahoma, Canada, England and France. 

As part of the incentive deal, Crosby would be required to maintain an average of 343 full-time employees in the Longview location.

To read the full article, please visit here.

 

 

 

 

 

Get the free newsletter

Sign up for news, trends and equipment for sale in the lifting and rigging industry.
By signing up you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.

Latest Products For Sale

Type Description
Equipment Consew 733R-5 for sale. We have upgraded the needle plate and needle bar to the…
Wire Rope 1-1/8” Dyform 34LR 2160 PI GLV RLL 173,800 lbs. UK 1 x 1153 Feet
Wire Rope 1-1/8” 6x26 EIPS IWRC RRL MBL 130,000 lbs Domestic 1 x 1024 Feet
Wire Rope 1” 6x19s EIPS IWRC RRL MBL 103,400 LBS Domestic 1 x 4970 Feet
Wire Rope 1” 6x19s EIPS IWRC RRL MBL 103,400 LBS Domestic 1 x 1490 Feet

News & Articles