Olney
Industrial Development Corporation
The Olney
Industrial Development Corporation is the economic
development arm for Olney, Texas.
Olney is a
rural community in north central Texas located one hundred miles west of Fort
Worth, forty miles south of Wichita Falls, two hundred miles east of
Lubbock and ninety miles northeast of Abilene. This rural location provides easy
access to larger markets, but allows a relaxed and affordable lifestyle to
its citizens.
As the
entity charged with the responsibility
of creating jobs and helping the community
grow and prosper, the OIDC is working
hard to make various companies
aware of the opportunities in Olney,
as well as assisting existing businesses
and industries.
The
mission of the Olney Industrial Corporation is
to enhance the strength and
stability of the Olney economy through the
support of existing industry and
the attraction of manufacturing and service
sector business which bring new
capital and employment opportunities into the
community.
Olney's
telecommunications service is also more than satisfactory for any
business.
Brazos Telephone Cooperative, Inc., founded in 1952, is a rapidly growing firm
that stays on the cutting edge of technology in communications.
Click
Here to see Brazos Telephone Home Page
Although the community of Olney has a population of 3,500, the surrounding
six-county
area provides a forty-five mile radius of potential employees in which to
recruit. This represents a commute time of forty minutes or less with a
total population of approximately 150,000. The main benefit of the work
force in north central Texas is a tremendous work ethic and a productivity
level that is second to none.
STATE
AND LOCATION FEATURES:
• Right to Work State, Available Labor Force
• Industrial Start-up Training Programs
• No Corporate Profits or Unitary Tax
• No Personal Income Tax
• Industrial Development Bond Financing
• Rural Development Loans
INCENTIVES:
• Tax Abatement: Considered on Individual Basis
• Enterprise Zone: Yes
• Industrial Foundation: Yes
• Other: OIDC half cent Industrial Sales Tax
Olney
Industrial Development Corporation Board
| Mark Horany, President |
Marks Motors |
| Robert Stewart, Vice-President |
Stewarts Food Store |
| Steve Slater |
First National Bank of Olney |
| Phil Jeske |
Air Tractor |
| Kendall Montgomery, |
Fort Belknap
Electric |
| Wiley J.
Hughey |
Director
of OIDC |
Olney
Industrial Development Corporation
108 East Main Street
Olney, Texas 76374
(940) 564-5879 Fax (940) 564-3610
olneyidc@brazosnet.com
Wiley J. Hughey, OIDC Director
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