4 Lubbock-Based Companies Announce 500 New Jobs Combined, $ 11.4M Investment
Four Lubbock-based companies plan to expand, create more than 500 jobs and invest a total of $ 11.4 million in capital in the region’s economy, they said on Wednesday.
Lubbock Economic Development Alliance CEO and Chairman John Osborne joined company executives in the announcement at LEDA headquarters on Broadway in downtown Lubbock.
The four companies featured at the event were SIMFLO, VXI Global Solutions LLC, Starnik Systems and CEV Multimedia.
SIMFLO, a market leader in vertical and submersible turbines, is expanding its current facility, adding an additional 35,000 square feet of production, storage, office and training space.
The company also announced the construction of a new closed test facility at Lubbock, which will be one of the largest test wells in North America.
They announced the creation of 12 full-time positions. This expansion will have a collective impact of $ 5 million on Lubbock’s economy.
VXI Global Solutions LLC is an international company that designs and supports customer engagement platforms. The company is creating more than 350 new jobs with hourly wages starting at $ 16.50. The company has been based in Lubbock for 14 years.
“Over the past year since coming here to Lubbock from Huston, TX, our number one goal has been to truly change the culture at our center and change the way we impact our working people. for us, ”said Byron Johnson, director of site operations at VXI Global Solutions LLC.
Starnik Systems, headquartered in Lubbock, is dedicated to delivering next-generation technology to the global utility industry.
To meet the growing demand for technology after the COVID-19 pandemic, Starnik announced the development of its new 20,000 square foot headquarters located in southwest Lubbock.
This expansion represents a $ 5 million capital investment in the Lubbock community and will bring nearly 75 new jobs ranging from entry-level specialists to executives.
“We have a Texas Tech and other quality institutions that are producing a lot of exceptional talent. And we are offering you, the talent pool, an opportunity to work here in Lubbock,” said Starnik Systems CEO Balu Viswanatham.
CEV Multimedia, a multimedia company that produces and delivers content and educational materials for vocational and technical education for students and teachers, announced the creation of 89 new positions based in Lubbock and the addition of more than 229,555 $ capital investment to the community of Lubbock. The company also announced plans to upgrade facilities at its 11,670 square foot building.