316 n. main street, taylor, tx 76574 | (512) 352-4325 | info@tayloredc | tayloredc

Confidential © 2009 City of Taylor, TX. All rights reserved.

316 N. Main Street, Taylor, TX 76574 | (512) 352-4325 | [email protected] | www.tayloredc.org

Getting to Know

THE TAYLOR EDCApril 2011


• 4A / Type A Non-profit corporation created by Taylor voters in 1994

• Funded by one-fourth of the local sales tax ($.005 per $1.00)

• Distinct entity than the City with separate staff and budget

• Five Board Members are appointed by City Council for 3-year terms

• City Council also must approve our budget. Current operating budget of $750,000 (approx.) for FY2010-11.

WHO IS THE TAYLOR EDC?


• Quasi-governmental, subject to open-records and open-meetings laws with two exceptions for economic development:

Texas Govt Code, Section 551.087 Deliberation Regarding Economic DevelopmentNegotiations, Closed Meeting, and

Texas Govt Code, 552.110 Certain Commercial (and Financial) Information

• For all practical purposes, we are treated by the State of Texas as a private, non-profit entity.

• The EDC Board meets on the third Wednesday of every month at 4:30 pm in City Council Chambers. Notice posted 72-hours in advance.

WHO IS THE TAYLOR EDC?


BOARD AND STAFF

Board of Directors

Christine Lopez, Chair Term Expires January 2012Nancy Tyson, Vice Chair Term Expires January 2013Clark Jackson, Treasurer Term Expires Jan. 2012Cordell Bennigson, Director Term Expires Jan. 2014Kelly Cmerek Tyson, Director Term Expires May 2014

Staff

Jason Ford, President/CEOLinda Wentrcek, Vice PresidentJudie Gustafson, Programs ManagerCarrie Orts, Office Coordinator


The mission of the Taylor Economic Development Corporation is to improve the economic climate for the Taylor community.

OUR MISSION


FOUR KEY PRIORITIES: 2008-2011 BOARD GOALS

1. Business Retention and Expansion – The Taylor EDC will create a favorable business climate and build economic wealth for the community by further developing a business retention and expansion (BRE) program to assist primary employers.

2. Business Recruitment/Development – The The Taylor EDC will create a favorable business climate and build economic wealth for the community by increasing business attraction and (targeted) promotional marketing activities which will attract at least $12 million in new capital investments and 300 net new jobs with higher than average payrolls.

3. Workforce Development – The Taylor EDC will develop the quality and size of a sustainable semi-skilled and skilled workforce in Taylor by investing resources in K-12 and higher education programs.

4. Marketing-Communications – The Taylor EDC will improve the brand image of Taylor by promoting the city as an energetic, progressive community with a good quality of life and pro-active business climate.


WHAT WE DO

• ADVOCATE to create a positive business climate.

• MENTOR AND COUNSEL small businesses and entrepreneurs.

• COORDINATE LOCAL REAL ESTATE SITE LOCATIONS for existing buildings and undeveloped land sites

• FACILITATE INCENTIVES for retention of existing jobs and creation of new jobs; we work with city, county, school districts, state and federal agencies.

• DEVELOP INDUSTRIAL PROPERTY through our two business parks totaling 148-acres

• PROMOTE & MARKET the community to improve the image and awareness of Taylor.


WHO WE CAN ASSIST

• The Taylor EDC is limited by State Statutes on the types of companies we can assist.

• EDC projects must result in the “creation or retention of primary jobs.”

PRIMARY JOB: A job that is available at a company for which a). The majority of the products or services of that company are ultimately exported to regional, statewide, national or international markets; and b). Is included in one of the following qualified North American Industry Classification System (NAICS) sector codes.


QUALIFIED INDUSTRIES BY NAICS CODE

As defined in the Development Corporation Act of 1979, As amended.

NAICS Sector Number Description11 Agriculture

211-213, 221Mining and Utilities

331-330 Manufacturing

42 Wholesale Trade

48-49 Transportation and Warehousing

51 Information (excluding 512131 and 512132)

523-525 Securities, Commodity Contracts, and Other Financial Investments and Related Activities; Insurance Carriers and Related Activities; Funds, Trusts, and Other Financial Vehicles

5413- 5419 Scientific Research and Development Services (excluding 5414 and 5418)

551 Management of Companies and Enterprises

56142 Telephone Call Centers

922140 Correctional Institutions

928110 National Security

SOURCE: The Texas Economic Development Sales Tax (2009) Primer for Local Officials – Texas Economic Development Council.


TYPES OF QUALIFIED PROJECTS

Primarily manufacturing and industrial projects. Using EDC funds, we can• Acquire or pay for land, buildings, equipment, facilities, expenditures, targeted

infrastructure and improvements for purposes related to:

Manufacturing and industrial facilities, recycling facilities; Distribution centers and small warehouse facilities; Research and development facilities; Regional or national corporate headquarters facilities; Primary job training facilities for use by institutions of higher education, job training classes; Telephone call centers and data centers; General aviation airport that is an integral part of an industrial park; Certain infrastructure improvements, which promote or develop new or expanded

business enterprises; Port- and rail-related facilities to support inland and waterborne commerce; and Maintenance and operating costs associated with projects.


HOW WE CAN HELP

FINANCIAL ASSISTANCE

• PROVIDE LAND-GRANTS to qualified employers or projects• PROVIDE INFRASTRUCTURE-GRANTS for existing & new properties• PROVIDE FAÇADE-GRANTS for historic properties (for primary employers only)• PROVIDE FORGIVABLE LOANS for equipment and relocation assistance• ASSIST companies to secure incentives from other local and state agencies

NON-FINANCIAL ASSISTANCE

• IMPROVE YOUR WORKFORCE by working with our key partners in education to provide off-the-shelf or employer-customized training programs.

• EDUCATE LEADERS on policies, procedures or outcomes which assist companies to create or retain primary jobs. Lobbying is not allowed.

• FACILITATE PLANNING & PERMITTING processes with local and state agencies to minimize problems and delays on projects.


WHO TO CONTACT

• JASON FORD – PRESIDENT/CEO 512/ [email protected]

• LINDA WENTRCEK – VICE PRESIDENT (EXISTING BUSINESSES)512/ [email protected]

• JUDIE GUSTAFSON – PROGRAMS MANAGER (MARKETING & NEW BIZ)512/ [email protected]

• CARRIE ORTS – OFFICE COORDINATOR512/ [email protected]

316 n. main street, taylor, tx 76574 | (512) 352-4325 | info@tayloredc | tayloredc

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