Lubbock Economy Heating Up

The Lubbock Economic Development Alliance announced the location of a new company and the expansion of two local companies, creating 145 new jobs with $22.5 million in capital investments. The companies growing in Lubbock include Taylor Rig and Equipment, CoNextrix and TrueNorth Steel.  

Taylor Rig and Equipment provides repair, refurbishing, inspection and support for a wide variety of oilfield equipment and brands. The company announced the creation of 100 jobs .

CoNetrix, a full service computer networking, security and compliance firm that specializes in financial institutions as well as enterprises requiring a high level of security in their operations, announced its $15.3 million expansion with the construction of a new facility and added equipment, plus 15 new jobs.

Following TrueNorth Steel’s announcement in March revealing the launch of a new steel tank production line at its Lubbock, TX manufacturing facility, the company has added an additional 30 jobs due to the increased demand for labor.