December 3, 2019
Newmark Knight Frank helped secure economic incentives for AAON Inc. for expansion of its manufacturing facility in Longview, TX. AAON, a heating and cooling product manufacturer, announced in summer 2019 that it would expand its existing Longview location at 203 Gum Springs Rd. with a 195,000-square-foot building.
The incentive package includes a $23 million New Markets Tax Credit allocation, a Longview Economic Development Corp. Cash Grant, tax abatements from the city and Gregg County, and a Skills Development Fund Grants from the State of Texas Workforce Commission. NKF’s John Beach Jr. worked with AAON to secure the various economic incentives.
AAON is investing $28 million in its expansion, which is expected by be completed by fall 2020. The expansion will also result in more than 100 jobs at the facility.
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Tags: Development, Economy, Politics, Renovation
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