Commerce Economic Development Corporation
New Industry Coming to Commerce
The Commerce Economic Development Corporation has announced that POLARA Enterprises will soon open a new manufacturing facility in Commerce, Texas.
The California-based company is one of the country’s leading manufacturers of electronic components and devices used by the industrial, medical and traffic industries, as well as the U.S. Military.
“We are truly proud that a world-class manufacturer such as Polara has chosen Commerce, Texas as the location for its first expansion” said Bonnie Hunter, Executive Director for the CEDC.
“The addition of Polara to our community will bring jobs and add to the economic vitality of this part of northeast Texas.”
Polara is also currently a premier supplier of accessible pedestrian signaling systems used by municipalities all over the country. The company will continue to operate its 40,000+ square foot primary facility in southern California. According to Hunter, the new Commerce plant will simply add to the firm’s sales and manufacturing capabilities.
“The potential for growth of this company is endless and Commerce is ready to assist Polara in every way.”
Commerce EDC Announces Receipt of USDA RURAL BUSINESS ENTERPRISE GRANT
In the Amount of $90,000
Through the USDA, the Commerce Economic Development Corporation has received $90,000 in grant funds to establish a revolving loan fund. These funds will be used to provide financial assistance through low interest loans to small and emerging private business enterprises within the City of Commerce ETJ. A primary component for loan consideration is job creation.
Guidelines and applications will be available through the Commerce EDC, and must also meet approval by the USDA.
Commerce is currently featuring the following two properties:
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Blacklands Railroad the 2011 Short Line Railroad of the Year
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