GEORGETOWN, Texas — A company that inspects and repairs railroads is expanding its facilities to bring a massive global technology center to Georgetown.
Loram is a rail inspection and maintenance company based out of Minnesota. It currently has offices in Georgetown, but there are big plans to expand with a 92,000-square-foot facility. One of the big things Loram plans to do is build special trucks.
"Develop innovative solutions for railroads – we operate inspection technology that goes down the railroad track, accesses the tracks for defects and prioritizes maintenance for railroads," said Greg Grissom, president of Loram.
The trucks have X-ray capability and a whole lot more. Some of Loram's customers include Pacific Rail.
“We are able to go down the track at 25 mph and detect if the crossties are hollow. There is a 3D laser profiling technology that capture hi-res images,” Grissom said.
Loram will employ about 300 people at the new Georgetown facility site. It is looking for engineers and data science experts. Many of those jobs make over $60,000 a year.
The company also plans to invest $17 million into the site.
Cameron Goodman is the director of economic development with the City of Georgetown. He said this is another big economic boost for the fastest growing city in the country, according to the U.S. Census Bureau.
"They are hiring over 150 new employees. Georgetown is situated to bring highly educated, talented people, and it’s been a big differentiator in our community," Goodman said.
Loram hopes the facility will be ready in 2025.
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