NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORPORATION  
Development for the Future!

Home
About New Boston
Contact Us
Industrial Park Site
Demographics
Notices

 

Demographics


Major Area Industry
Steel Fabrication & Supply, bleached paper board and hardwood pulp products, truck body mfg, canned heat & distribution, aluminum rolling mill, military ammunition, army vehicle repair & supply mission, wood pallet mfg, prison industry, metal fabrication, recycling, automobile & truck tire mfg, fabricated pipe fittings & couplings, pharmaceutical wholesaler, and over the counter pharmaceutical mfg.
   
Largest Employers
Day & Zimmerman, Red River Army Depot, Alcoa Mill Products, Pallet One, International Paper, Texas Depart. Of Criminal Justice, New Boston Independent School District, Wal Mart, Ledwell & Son Truck Body, Mayo Mfg., Candle Corp, JCM Industries, Newcourt Inc., Cooper Tire & Rubber, Texarkana Independent School District, Carpco Inc., Cristus St. Michael and Wadley Regional Medical Center.
   
Education
Occupation

Median Wage

Education Required

Labor Pool

Executive

96,117.00

Bachelors/Masters

Unknown

Mechanical Engineers

60,872.00

Some College

1,496

Industrial Production Managers/Supervisors

66,396.00

Some College

8,862

Accountants

41,950.00

Bachelors/Masters

4,305

Executive Secretary/Admin Assistant

27,448.00

Voc School or Associate

4,626

Marketing Manager

59,756.00

Bachelors

2,741

Team Assemblers

26,230.00

High School/GED

10,724

Machine operators

24,155.00

OJT or Voc School

13,820

77.3% of the MSA population are High School Graduates or higher, 16.1% with bachelors degree or higher. Post secondary schools in the area are Texarkana Community College, Texas A & M University at Texarkana, University of Arkansas for Medical Sciences.

   
Port Cities and Airport
The nearest port city is Shreveport, Louisiana and is approximately 100 miles from New Boston.
   
Incentives
The State of Texas has various programs available for grants for infrastructure and capital improvements. Some of those are: Texas Enterprise Zone Program, Texas Capital Fund Program including Infrastructure and Real Estate, Rural Municipal Finance Program, Texas Leverage Fund and SBA 504 Loan Fund.

Tax Abatement -The New Boston Industrial Park is not located in the city limits of New Boston. However, both the city of New Boston and Bowie County have tax abatement policies in place ranging form 90% abatement the first year to 10% abatement the tenth year. These figures are based on a minimum of full time employees hired and the value of improvements.

Enterprise Zone-The New Boston Industrial Park is located in an enterprise zone. The county will consider 5-year 100% county tax abatement on a case-by-case basis in the enterprise zone.

Land- New Boston Special Industrial Development Corporation has prime Greenfield land at a value of $10,000 acre.

Grant money is available in a three year period, beginning with the conclusion of construction, and %ís available at the end of year 1, year 2 and in year three. (In order to qualify for these incentives, a project must sign a Performance Agreement that will require the creation and employment of semi-skilled and skilled full-time personnel the first year, an average increase of personnel by year three up to year five and a capital investment from the project.)

Sponsorship is available from NBSIDC for low cost loans, grants and other assistance from the State of Texas.

 

 


Last modified: September 26, 2019 by Cybertronics