X-Fab Manufacturing, Inc. is a for-profit corporation that is expanding their operations in the City of Lubbock. The company plans to invest $1,000,000,000 in their facility at 2301 North University Avenue, over the next five years. This project will create 400 new jobs with an average salary of $88,000.
The Lubbock Economic Development Alliance (LEDA) voted to incentivize X-Fab Manufacturing, Inc. with $75,000 for professional services related to the interpretation, understanding and lobbying services related to the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022. The LEDA Board of Directors approved this incentive at their March 22, 2023 Regular Board Meeting, and recommend approval by the City Council.
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