Newsflash

Charles McCall, III, Chairman of the Atoka City Industrial Development Authority (ACIDA) announced today that it has signed a three year lease on the “Airpark Industrial Facility” with 5 Star Machine & Manufacturing, LLC.
The “Airpark Industrial Facility” is located adjacent to the Atoka municipal airport on Hwy 3 and contains 12,100 sq. ft. of manufacturing and office space as well as two plus acres of parking and outside storage area. It is one of several facilities in Atoka owned by ACIDA for the purpose of creating jobs and investment in the community.

5 Star Machine & Manufacturing, LLC manufacturers equipment for the oil and gas industry. The company began operations at the Airpark facility in December and plans to be in full production in the next few months. They have hired six persons to date and plan on hiring several more as soon as additional equipment is in place. According to Mr. Billy Courtney, managing partner for 5 Star, “We are pleased to be in Atoka. Several other communities in the state offered us manufacturing space, but in the final analysis, Atoka and the “Airpark Facility” were the best option for us. ACIDA and the City of Atoka have been very helpful in our start-up phase. We intend to be in full production as quickly as possible due to the demand for our products.”
5 Star has applied for participation in the State of Oklahoma “Small Quality Jobs Incentive Program”. A qualifying company must create five new jobs in the first year of operations with an average wage of $24,850.00. The company must also provide health insurance coverage for its employees. The company then receives a cash rebate of 5% of its gross payroll for seven years from the State of Oklahoma. 5 Star estimated it would have fifty employees and an investment of $500,000.00 at the end of its third year of operations.

Phil Scoggin, Economic Development Director for ACIDA, stated “5 Star is an excellent addition for the City of Atoka. To attract manufacturing jobs to a city is a highly competitive process and we feel fortunate that 5 Star chose Atoka. If 5 Star reaches its goals it will qualify for over $2,000,000.00 in state, federal and local incentives in the next ten years. Its annual payroll could reach over $1,250,000.00. I want to thank the trustees of ACIDA for their commitment to creating new jobs and investment in the community.” 

 

 
HOME arrow MEMBERS ONLY
MEMBERS ONLY
To access the Private area of this site please Login


Username
Password

Remember me
Lost Password?
No account yet? Register


© 2010 Oklahoma Southeast
Joomla! is Free Software released under the GNU/GPL License.