Corken to expand with 120 new jobsPublished: Wednesday, February 3, 2021 By: Kathryn McNutt Source: The Journal Record
Corken Inc. will expand its facility at 9201 N. I-35 Service Rd. and add 120 new jobs by consolidating with Liquid Controls LLC and relocating those operations from Chicago.
The two companies – both units of parent IDEX Corp. – manufacture pumps, compressors and precision measurement equipment for downstream oil and gas transfer. They will operate at the Oklahoma City headquarters under the combined name Advance Flow Solutions.
Corken, founded in Oklahoma City 96 years ago, is seeking a $300,000 economic development incentive from the city to create the 120 new jobs over five years. The money would come from bond funds earmarked for economic development.
At its meeting Tuesday, the Oklahoma City Council authorized city staff to negotiate an economic development agreement with the company not to exceed $300,000. A public hearing and final consideration are scheduled for the Feb. 16 council meeting.
Art Laszlo, president of IDEX Energy’s Advanced Flow Solutions, told council members Tuesday the plan is to create 100 new manufacturing jobs – including machinists and assemblers – and 20 professional jobs in finance, engineering and administration with an average annual salary of $50,000.
The additional payroll is estimated to be $2.3 million the first year and $6.7 million by the end of the fifth year.
Laszlo said the company will relocate five or six jobs from Chicago but the rest will be hired locally.
The company considered putting the headquarters in Chicago, Dallas and Houston, but ultimately chose Oklahoma City because of its attractive cost of doing business and cost of living, among other factors, he said.
Ward 8 Councilmember Mark Stonecipher thanked Laszlo for bringing 120 new jobs to Oklahoma City “at this time.”
Ward 6 Councilmember JoBeth Hamon and Ward 7 Councilmember Nikki Nice asked if the company hires people with a criminal background.
Laszlo said the decision to hire someone convicted of a misdemeanor is made on a case-by-case basis, but the policy is not to hire someone with a felony conviction.
Nice said she was disturbed to be hearing about the Corken plan for the first time at Tuesday’s meeting since the facility is in Ward 7 and asked to be given the courtesy of a heads-up in the future.
This story orginaly ran on the JournalRecord.com.