The Odessa Industrial Development Corporations has a long, successful history with the city.
- Established as a non-profit economic development corporation to assist existing businesses with expansion and attract new, compatible industry to Odessa.
- Founders raised $500,000 from local business and individuals to fund efforts.
- 400 acre option was exercised by OIDC and development began.
- W. R. Grace Company located in OIDC Park. OIDC subsidized land purchase by $37,500 and granted $47,500 for start-up and training expenses.
- Subsidized lease agreements with Sargent Industries and Hauenstein and Burmeister.
- Thomas C. Wilson located in OIDC Park from New York. Participated with low cost land to match their $223,800 capital investment and 20 new jobs.
- B.J. Hughes completed $600,000 expansion.
- Trans-Tex Supply invested $250,000 and created 25 new jobs in OIDC Park.
- West Texas Pure Water Company located in OIDC Park and created 25 new jobs.
- Gave Texas Peripherals a $150,000 grant to subsidize rent over a three year period.
- Southwestern Bell, Treanor Equipment, and Matera Paper Company sought new or existing space in OIDC Park and employed over 125 workers.
- NL Shaffer Group completed building in OIDC Park.
- Purchased land in Penwell with $125,000 grant for Teledyne Wahchang. OIDC owns all mineral rights on the land and receives revenue from these rights.
- Contributed $500,000 to U.T.P.B. Center for Energy and Economic Diversification.
- Provided leadership role in regional projects such as Permian Basin Bid Center and the Private Industry Council.
- First land sale in OIDC Park since 1984 to Flint Engineering
- Final payment of commitment to U.T.P.B. for the Center for Energy and Economic Diversification.
- Supported prison proposal and funded $16,500 proposal document to the Department of Corrections.
- Committed $250,000 over 2-year period to Highland Pump for creation of almost 300 jobs.
- Committed $96,000 over a 2-year period to U.T.P.B. for funding of a Development Officer position.
- Committed $100,000 to support the Odessa College Incubator.
- Supported the relocation of Gerdan Industries from Phoenix, Az.
- Committed interest subsidy on a loan for SafeTire Disposal Corporation.
- Funded preparation of technical and production requirements for a proposal to attract a 1,000 bed correctional facility to Odessa. Committed to purchase 320 acres of land for this project to provide “free land” to the prospect.
- Purchased 120 acres for new Parkway Industrial Park.
- Permian Mack Sales and Service purchased land in OIDC Park and created 50 new jobs.
- Howell Insulation purchased 2.7 acres in OIDC Park for an expansion project.
- Provided underwriting toward the support of area businesses aquaculture attempt to grow shrimp in West Texas.
- Joined in the support of the Midland-Odessa Transportation Alliance, ExRo Aviation and Continental Airlines with commitments for funding job creating initiatives.
- Provided funding, along with several local businesses, to Odessa College for the purchase of computerized machine equipment to train workforce employees.
- Contributed funds to MOTRAN for the I-27 expansion project.
- Contributed funds to Midland for an advertising campaign in support of the new air terminal.
- With the cooperation of the City of Odessa, received EDA grant in the amount of $1.361 million for infrastructure improvements in Parkway Industrial Park.
- Committed $100,000 rent subsidies to Sitel Corporation to locate their telemarketing operation in Odessa and create 200 jobs.
- OIDC and the City of Odessa jointly committed $100,000 in rent subsidies to West Teleservices for locating their outbound telemarketing center in Odessa and creating 275 jobs.
- Committed funds for the installation of water meters in the new Westover Acres housing addition.
- Joined with local machine shops and committed funds to Odessa College to start a new training program for machine operators. Also assisted in new entry-level training program for construction workers.
- Committed $25,000 toward advertising for the Economic Development Sales Tax Campaign.
- Sold additional acreage to Permian Mack for expansion of their existing business in OIDC Park.
- Began negotiations with Houston Endowment to purchase 50.4 additional acres along JBS Parkway adjacent to Parkway Industrial Park.
- Committed to support the Enhanced Student Services Program at U.T.P.B. for $41,500 payable over a 3-year period.
- Made $453,000 payment for OIDC’s share (20% obligation) in the EDA grant for infrastructure improvements in Parkway Industrial Park.
- Made third installment payment to West Teleservices. Sitel’s payment is pending.
- Contracted with Houston Endowment to purchase 50.4 additional acres along JBS Parkway adjacent to Parkway Industrial Park.
- Sold lot in OIDC Industrial Park to Clearsouce
- Revised investment policy
- Dedication of JBS Parkway
- Stockholders Drive $85,200.00 in new stock purchases
- Fulfilled commitment to UTPB Enhanced Student Service Program.
- “Free Water” contract was completed with Texland Great Plains Water Supply for 10,000 gallons per day.
- Sold Land to ODC for West Texas Food Bank.
- Began plans for the construction of a speculative building in the Parkway Industrial Park.
- Board approved the final $20,000 installment to West Corporation.
- Sold 96 acres to Family Dollar for a Texas Distribution Warehouse.
- Optioned an additional 82 acres North of Family Dollar Warehouse
- Construction began on the 1 million sq. ft. Family Dollar Texas Distribution Center.
- Continued to work on the 50,000 sq. ft. speculative building.
- Began working with city officials toward the realization of interchanges on JBS Parkway at Business 20 and IH-20
- Exercised option on 82 acres north of Family Dollar.
- Sold land to TelVista Company of Dallas to build a 50,000 sq. ft facility for a 500 seat outsourced technical support call center.
- Finance Committee revamped investments and investment process.
- Redesigned and relocated the business park billboard.
- Began the process of developing a new membership campaign brochure.
- Purchased 600+ of land south of IH-20 for an Industrial Park
- Began negotiations with Navasota Energy to purchase 40 acres of land in the new Industrial Park.
- Continued to work with city officials towards the interchanges on JBS Parkway and Business 20 and IH-20.
- Sold 40-acres of land to Navasota Energy to construct a $200 million, 550 megawatt power plant.
- Sold 1.75 acres to Comfort Inn & Suites Hotel
- Signed a mining agreement with Jones Brothers Dirt and Paving for caliche for the two new overpasses on JBS Parkway.
- Sold land to Coca-Cola Enterprises to construct a new regional distribution center.
- Executed an option contract on 600 acres at Penwell for the FutureGen proposal.
- Committed $75,000.00 (three payments of $25,000.00) matching Abell-Hanger scholarship money to UTPB and Odessa College.
- Extended the option on the 600 acres at Penwell.
- Sold an addition ?? acres to Navasota Energy for evaporation ponds.
- Sold one of the last two remaining lots in the OIDC Park to West Texas Fuels.
- Sold land to Town and Country Food Stores for a Fuel Center in the Parkway Business Park.
- Sold land to Apollo for two additional hotels.
- Working with three other projects at this time for lots in Parkway Business Park and in the Parkway Industrial Park.
- Contributed $200,000.00 to the City of Odessa to help with the construction costs of the interchanged on JBS Parkway at Business 20 and IH-20
- Committed to a $300,000.00 ($60,000.00 over 5 years) donation to the UTPB Performing Arts Center.
- FutureGen was awarded to Matoon, Ill.; contacted by Summit Energy to continue the pursuit of a coal gasification plant in Penwell.
- OIDC Drive and Navasota Drive were constructed in South Industrial Park
- Sold land to Chesapeake, Industrial Pipe, and Upadaya.
- Committed to an additional 4 year/$25,000 per year scholarship for UTPB and Odessa College
- Purchased 520 acres of land I south of IH-20 from John Pool.
- Purchased 191 acres of land from John Pool
- McDonald Street was constructed in the Parkway Industrial Park.
- Extended the option on the Penwell site for Summit Energy.
- Sold land to Roper Rentals, Odessa Fuels
- 86.57 acres on Loop 338 from the Parks Family/Houston Endowment for $125,000.00
- Began planning the extension of JBS Parkway in the South Industrial Park
- Formed a Communications Committee to raise public awareness of OIDC’s mission.
- Began using Grow Odessa as a dba.
- Began making the scholarship donations to Odessa College and UTPB in Louis Rochester’s name. The Board also decided to make an annual donation based on funds available.
- Sold land to American Crane
- Purchased the Penwell site for Summit.
- Extended waterline in South Industrial Park to serve north properties.
- Committed $10,000 to Odessa College’s marketing campaign for their Bond Issue.
- Revised Landscape requirements for Parkway Industrial Park and South Industrial Park Sold land to CUDD
- Committed $800,000 to the extension of JBS Parkway south of I-20
- Began negotiations on WETT easement.
- Joint project with CUDD to extend sewer line.
- Became Platinum Sponsors of the Odessa Chamber
- Donated land to Christmas in Action.
- Sold land to Union Pacific, Saulsbury Industries, RTO, WETT Easement, Parole Office, Select Energy, Logan Oil Tools, West Texas Boring, Riley, and Caldera Bobcat, Mangoo – Karim, Devyash, and Bora Reddy
- Began including Texas Tech in the scholarship donations.
- Committed to a $300,000 over 3 years to Texas Tech for a Simulations Lab
- ODC agreed to partner with the extension of JBS Parkway south of I-20
- Awarded JBS Parkway extension to Reece Albert
- Sold land to Saulsbury Industries, Graybar, Standard Sales, Caldera Bobcat, Forty Creek, S & S Services, and Reinforcing Steel
- Began working on a development plan for the 191 and 520 acres.
- Sold land to Forrest Tire, Kelly Evans Construction, Avera Development, Victaulic, Olivia Management, Gicon Pumps, Lobo Trucking, EPI, Caldera Bobcat, Air Products
- Committed to donating $1 million dollars to UTPB for their football program
- Committed to donating $500,000 to West Texas Food Bank for their new facility
- Constructed Air Products Blvd.
- Committed to an additional $25,000 scholarship donation to Odessa College
- Began planning on the second phase of the JBS Parkway extension after receiving ROW from Oncor and Flint Hills.
- Began the design on a waterline extension, in the South Industrial Park, south on JBS Parkway row to the south property line.
- Started dialogue with Chevron on a drill site agreement for the 520 acres.
- Partnered with ODC and began construction on the JBS Parkway extension to FM 3503, TxDOT will connect JBS Parkway to 3503 in early 2017.
- Completed waterline extension south on JBS Parkway on the west side of road
- Began the design of a waterline extension south on JBS Parkway on the east side of the road.
- Committed to $25,000 scholarship donation to OC, UTPB and Texas Tech.
- Committed to $25,000 scholarship donations to OC, UTPB and Texas Tech.
- Completed the construction of JBS Parkway extension TxDOT will begin the connection to FM 3503 in 2017.
- Air Products began producing nitrogen at their facility in OIDC South Industrial Park.