Bastrop, Tx–A Houston-based maker of solar cells for small electronic devices has declined the offer of a new plant site in the Bastrop Industrial/Business park. Taking up the offer would have committed Libra Enterprises to constructing a manufacturing plant of 10,000 to 12,000 square feet, said Joe Newman, CEO of the Bastrop Economic Development Corp.
At a special meeting March 24 the BEDC board voted to offer an industrial park site to the firm. Typically the sites are sold to an industrial prospect and the purchase price refunded as a grant once facility construction is complete and the plant is in operation.
This week Newman said Libra officials decided their best approach to expansion is to buy or lease an existing building rather than to undertake new construction.