On Tuesday afternoon, the Borger Economic Development Corporation Board of Directors approved to provide Provenance Consulting a grant worth $165,000 which will be used to help create 10 new jobs by December 31, 2014.
Due to the growth within the company, Provenance Consulting is planning to expand several areas within the company including expanding its corporate offices in Borger, increasing its marking presence within the oil and gas industry, increase its benefits packages for its employees, spend an additional $120,000 this year on software development, and the creation of 20 additional jobs with 10 of those to be located in Borger.
Provenance Consulting has seen substantial growth since its founding in 2006, and has provided services to ConocoPhillips, ChevronPhillips, Valero, BP, Eagle Rock and other oil and gas companies in the region. According to the companyâ€™s website, Provenance Consulting provides information management systems that track, monitor, verify, and sustain data that personnel use in the operation of oil, gas, and chemical plants and facilities. The company also specializes in process safety management, software implementation, and custom software development.
In his presentation to the Borger EDC, Patrick Nonhof of Provenance Consulting told the board over the six years in business the company now has 40 full time employees, eight part time employees, and three contractors.
Over the past six years, the company has given over $1.4 million in charitable donations, opened offices in Houston and Austin, and saw $7 million in revenue in 2011.
While the company will continue to be headquartered in Borger, Nonhof told the EDC board it was necessary to open the Houston and Austin offices in order to be close to their clients in the Houston area and to be able to tap into the software development workforce in Austin.
The grant will be the third EDC package Providence Consulting has received from the EDC. The previous two EDC packages helped the company create 25 jobs over a four year span.