Drasgow, Inc. is a manufacturing machine shop, which manufacturers multi-spindle screw machines, CNC milling, CNC lathes, EDM & has full-service tool room. Drasgow produces metal parts, primarily for the automobile industry. The company has utilized the WCIDA in the past for expansion projects when its building reached capacity.
Drasgow, Inc. has plans for the construction of a 66’ x66’ pole building to improve material and part flow, improve efficiencies through the plant and create room for future growth. The capital investment for this $690,000.Drasgow, Inc. currently employs 19 people and expects to create 3 new jobs over the next 3 years.
The Company requests abatement of sales tax on construction materials and non-production equipment, mortgage recording tax exemption and a 10-year PILOT agreement for temporary abatement of property tax using the standard UTEP project schedule. Approximate value of these incentives is expected to be more than $100,000; therefore, a public hearing will be required.