EDA announces $5M investment, 60 new jobs at Seoyan E-Hwa
Published 10:35 am Wednesday, March 11, 2020
The Selma – Dallas County Economic Development Authority (EDA) announced an upcoming expansion at Seoyan E-Hwa Interior Systems at the Selma – Dallas County Public Library on Tuesday morning.
Seoyan E-Hwa, located at Craig Industrial Park, is a Tier 1 Hyundai supplier that manufactures several kinds of plastic interior parts.
According to Selma – Dallas County EDA Director Wayne Vardaman, the announced expansion represents a $5,140,000 investment in Dallas County and an addition of 60 new jobs to the company’s current 436 employee roster.
“We’re excited that they’re here and we’re excited that they’ve brought so much,” said Vardaman.
At Monday evening’s Dallas County Commission Meeting, Vardaman said the expansion would be done “fairly quickly”, beginning April 1 and potentially completed by Sep. 30, 2020.
At the Commission meeting, Vardaman requested tax abatements for the company in the amount $156,537.50 from the one-time sales tax and a 10-year property tax abatement totaling $200,460.
The Commission Unanimously approved Vardaman requested abatements.
At Tuesday’s announcement, Dallas County Probate Judge and Commission Chairman Jimmy Nunn said that the abatements were small compared to the investment Seoyan E-Hwa was making in Dallas County.
“We want you to continue growing and continue to increase in numbers,” said Nunn. “We really do appreciate your investment in Dallas County. Every time we have a new business in Dallas County we thank them.”
State Sen. Malika Sanders – Fortier and Selma Mayor Dario Melton were also in attendance Tuesday morning to celebrate the expansion of Seoyan E-Hwa.
“I’m just excited that here in Selma and Dallas County that we are open for business and that we are growing and our companies are growing,” she said. “We’re so excited to have 60 people who’ll have the opportunity to be employed… Every time I hear about a new job I am excited for that. Congratulations on your expansion.”
“We’re looking forward to even more commitment and even more growth inside this county and we want to tip our hats to you all,” said Melton.
At the end of the program, Vardaman said there would be more economic growth in Dallas County soon.
“There are things to come,” said Vardaman. “You should see more of this type of thing.”