Levelland EDC President John Clary and Board Chairman Elgin Conner present representatives of Penny Newman Grain with the 2016 Community and Economic Development Award.
The Levelland Economic Development Corporation held their Industry Appreciation Luncheon on Wednesday. During the 3rd annual event they recognized Penny Newman Grain with the 2016 Community and Economic Development Award. Penny Newman Grain began in 1878 as a mercantile store in Fresno, California. They have grown to become the leading merchant in the international market for grains and feed by-products. With offices in California and Tennessee and transloading and shipping locations throughout the United States. Penny Newman serves farmers and feed manufacturers worldwide.
The Levelland Transloading facility came about in March 2015 when Penny Newman representatives called the Levelland EDC to ask about the Rail Park. By May 2015 the EDC and City had negotiated a performance agreement for the Levelland project. In June, the City began issuing bond financing for infrastructure improvements in support of the project. Penny Newman began construction in July 2015 and began loading operations in October 2015.
Capital investment for the Levelland facility was $7 million and currently employ 9 people. The project has helped local farmers by providing growers a new market for cotton seed. In the past year the company has run over 1,200 rail cars through the Levelland Industrial Rail Park.