ODC announces new grants

The Odessa Development Corporation (ODC) Board announced that members approved two news business grants.

The first was a new business grant to Rental King who will be building a new equipment rental yard in Odessa as they move out of their current Midland location. 

Rental King is a heavy machinery rental company, specializing in forklifts, manlifts, light towers, compressors and more. It will be expanding its operation and has committed to making a multi-million dollar investment in Odessa as well as creating 12 new jobs.

The ODC Board also approved a $2.1 million business expansion grant to Orrex Plastic Companies. Orrex​ manufactures a variety of technical plastic products which are used in a wide array of applications on many​ national brands. Orrex will be adding 16 new jobs to their existing workforce of more than 160 current​ employees.

“The ODC has been very busy over the past 12 months as we have helped provide incentive funding for a wide range of projects. From smaller employers and projects to multi-million dollar projects that are currently under construction, Odessa continues to be a very attractive place for businesses to call home. The ODC Board is very proud to be able to continue providing incentives that spur additional job opportunities and investments in our community,” said ODC Board President Kris Crow.

If your business would like to know more about how the ODC and the Odessa Chamber of Commerce Economic Development Department can help grow your existing business, call us today!