Texas: Governor Abbott Announces Cancoil Manufacturing Facility In Jacksonville

~ Jacksonville, Texas - Governor Greg Abbott has announced that Cancoil USA, one of North America's fastest growing manufacturers of commercial and industrial heat transfer products, will be building their new U.S. manufacturing operations center in Jacksonville. The state-of-the-art facility is expected to create 120 new jobs and generate over $28 million in capital investment.

To support this expansion, Cancoil has been offered a $648,000 grant from the Texas Enterprise Fund (TEF) and a $10,000 Veteran Created Job Bonus. This move is a testament to Texas' reputation as the top state for attracting job-creating businesses and its highly skilled workforce.

Governor Abbott expressed his excitement about the investment by Cancoil, stating that it will not only improve supply chain efficiency for various industries but also provide better job opportunities and bigger paychecks for Texans. "This investment of more than $28 million by Cancoil to build their U.S.-based manufacturing facility in Jacksonville will improve supply chain efficiency for diverse industries," said Governor Abbott.

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Cancoil USA spokesperson Monika Datta also shared her enthusiasm for the project, stating that the new facility will serve as a cornerstone for their operations and allow them to deliver industry-leading heat transfer solutions to their customers in the United States. She also mentioned that their decision to invest in Jacksonville was due to their confidence in the region's skilled workforce and business climate.

The collaboration between local and state partners, including the Jacksonville Economic Development Corporation (JEDCO), played a crucial role in making this expansion possible. Senator Robert Nichols, who has experience building factories in Jacksonville himself, congratulated Cancoil and the city on this achievement.

Representative Cody Harris also praised Governor Abbott's leadership in creating an economically thriving environment for Texas. He highlighted how this project will bring 120 new jobs to House District 8 and provide opportunities for veterans.

Jacksonville Mayor Randy Gorham expressed his pride in welcoming Cancoil to the community and emphasized the positive impact this partnership will have on the local economy and families. JEDCO Board Chairman Darrell Dement echoed this sentiment, stating that Cancoil's investment aligns with their goal of fostering growth and creating opportunities for local families.

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JEDCO President Shane Pace also shared his excitement about Cancoil's expansion into Jacksonville, stating that it is a testament to the progress the community has made in creating an environment for quality jobs and long-term investment. He also expressed gratitude towards all the partners involved in making this project a reality.

The new facility is expected to bring lasting value to Jacksonville and strengthen its industrial base. For more information about Cancoil, visit their website at cancoil.com.

The TEF grant offered to Cancoil is a performance-based grant that aims to attract significant new capital investment and create new, good-paying jobs in Texas. This grant is awarded to businesses relocating or expanding in Texas, competing with out-of-state locations.

With this new investment by Cancoil USA, Jacksonville is set to become a hub for innovative and forward-looking businesses, providing opportunities for local residents and contributing to the city's economic vitality.

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