Ulm Corp. Encounters Setback but Not Closing W.F. Office

- Earlier this year, the City of Wichita Falls approved an incentive package to bring an oil trucking company to town and eventually, hundreds of jobs.

In April, Ulm Corporation opened an office in Wichita Falls with more than 50 full time employees but instead of the number of employees going up it has actually gone down.

And some think it's a sign the company is folding in Wichita Falls.

Billy Ulm, president of Ulm Corporation, tell me the company has no plans to cease operations.

However, he did say some setbacks have slowed the growth of the company.

For several months, Ulm Corporation has been renovating the former Penske building on Central Freeway East in Wichita Falls.

While the company's president says truck drivers come and go from the facility, the building itself remains empty.

Billy Ulm says administrative employees are working from a leased office in Downtown Wichita Falls, while renovations, which he says are taking longer than anticipated, continue.

Kevin Pearson, with the chamber of commerce and industry, tells us the renovation hold-up was asbestos that had to be removed from the building.

Ulm Corporation officials say when the company officials started operating in April it had about 52 employees.

Now, Billy Ulm says that number has dropped to about 22 because of some "lost work" which he says resulted in layoffs.

But chamber of commerce officials say an accident involving an Ulm Corporation truck that spilled oil, caused the company to lose a big contract which prompted the layoffs.

In light of the setbacks, Billy Ulm says the company is making a change in some of the services it will provide Wichita Falls but is not closing.

Chamber officials say Ulm Corporation will receive a local incentive package with the city of $1.6 million to create 372 jobs over the next seven years.

To date, chamber officials say the company has been given $600,000 the renovation of their building.

If the company does not have 162 full time employees by the anniversary date of April 1, 2014, Ulm must pay back a portion of that money.

No one from Ulm Corporation would not do an on-camera interview and Pearson, with the chamber, says the incentive agreement prohibits him from talking on camera unless Ulm gave consent, which he did not.

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