Team Refurb & Support receives $2.88M ODC grant

The Odessa Development Corporation approved a $2,880,873.22 grant to Team Refurb and Support, LLC to buy property and build a new equipment manufacturing and refurbishment facility in Ector County. The grant, funded at 60% with a five-year payout, supports retention of 47 jobs and creation of 36 new positions.

Scope & details

The full contract record, as filed.

Contract amount

$2,880,873.22

Contract type

OTHER

Contract term

Five-year payout

Renewal

Grant structured at 60% funding with a five-year payout based on a factor of seven; details of annual disbursements to follow in grant agreement.

Document type

Minutes

Source document

City of Odessa Development Corporation Minutes April 9, 2026

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Odessa Development Corporation Agenda Packet 2026-07-09

PENDING

City of Odessa, TexasNot to exceed $2,880,873.22Jul 9, 2026

Odessa Development Corporation Agenda Packet 2026-06-11

APPROVED

City of Odessa city, TexasNot to exceed $2,880,873.22Jun 11, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Odessa city?

Team Refurb & Support Llc was awarded this government contract by City of Odessa city, as recorded on April 9, 2026. The contract value is $2,880,873.22.

How much is the Team Refurb & Support Llc contract with City of Odessa city worth?

The Team Refurb & Support Llc contract with City of Odessa city is valued at $2,880,873.22.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Odessa Development Corporation Minutes April 9, 2026 (Minutes), dated April 9, 2026 from City of Odessa city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Team Refurb & Support Llc hold?

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