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Wyoming company receives tax abatements, seeks to open Aug. 1

Erin Mansfield - Tyler Morning Telegraph

A Wyoming company will receive five years of tax abatements from Smith County for its new division just outside of the city of Tyler.

The Smith County Commissioners Court approved the tax abatements for Wyoming Machinery Co.’s division called Dragline Service Specialties at a regular meeting on Tuesday.

The company will have 100 percent of its property taxes abated for two years, 80 percent abated for the following two years, and 50 percent of the property taxes abated for the fifth year.

 
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The future building of the Wyoming Machinery Company at 12660 U.S. Highway 64 West is seen on July 18, 2018 in Tyler, Texas. (Edward Moreno/Tyler Morning Telegraph)

The abatements for Dragline Service Specialties are for investing in a $14.9 million project that creates 88 new jobs. The value of the abatements over five years would be $201,597 at the current property tax rate, according to the Tyler Economic Development Council.

Before voting to approve the abatements, members of the Commissioners Court thanked the company for coming to East Texas.

“I’d like to thank you and your company for choosing Tyler,” Commissioner Terry Phillips said. “I think this is a great opportunity for Tyler and Smith County and businesses like this to grow the county and invest in.”

County Judge Nathaniel Moran called the Tyler division “pretty amazing” because it will be serving draglines in most of the United States.

“This is a great opportunity for a number of individuals in East Texas to find a good, high-paying job and bring a new industry to East Texas,” Moran said. “We always like to see good economic development come to East Texas and this is a good example.”

The company will be moving to a property on U.S. Highway 64 West in Smith County just outside the Tyler city limits. The property is north of the Tyler Pounds Regional Airport.

 
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Richard Oates, the vice president of mining for Wyoming Machinery Company. (Erin Mansfield/Tyler Morning Telegraph) 

Richard Oates, the vice president of mining for Wyoming Machinery Co., said the division is planning to start with the existing building with about 11,000 square feet of manufacturing space and will build an addition of 34,600 square feet.

Oates said the company is hoping to start working out of the building Aug. 1, break ground on the addition Sept. 12, and have the addition done in eight months to a year.

“We have five different general contractors that we’ve talked to,” Oates said. “Four are from Tyler. One is from Fort Worth, and we hope to get some proposals back here by the first of August.” 

TWITTER and INSTAGRAM: @_erinmansfield