Plastics Services Firm Ends Texas Job Contract

AUSTIN (AP/Staff) – A plastics compounding company operating in East Texas has canceled its state job creation contract. Alloy Polymers Inc. — which has a Crockett-area facility — is joining other firms that have quit or changed their pacts under Gov. Rick Perry’s Texas Enterprise Fund since the recession hit. Perry spokeswoman Lucy Nashed says Alloy Polymers canceled its enterprise fund contract on July 9 citing “business reasons.” She says the company paid back with interest the $100,000 in taxpayer money it received under the $200,000 agreement. A governor’s office list of enterprise fund grant recipients states Alloy Poymers was to have created 52 new jobs as part of the 2006 agreement. An Alloy Polymers official familiar with the contract did not immediately return a call Wednesday from The Associated Press.