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316 N. Main Street, Taylor, TX 76574 | (512) 352-4325 | info@tayloredc | tayloredc

Getting to Know THE TAYLOR EDC April 2011. 316 N. Main Street, Taylor, TX 76574 | (512) 352-4325 | info@tayloredc.org | www.tayloredc.org. WHO IS THE TAYLOR EDC?. 4A / Type A Non-profit corporation created by Taylor voters in 1994

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316 N. Main Street, Taylor, TX 76574 | (512) 352-4325 | info@tayloredc | tayloredc

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  1. Getting to Know • THE TAYLOR EDC • April 2011 316 N. Main Street, Taylor, TX 76574 | (512) 352-4325 |info@tayloredc.org |www.tayloredc.org

  2. WHO IS THE TAYLOR EDC? • 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.

  3. 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 Development Negotiations, 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.

  4. BOARD AND STAFF • Board of Directors • Christine Lopez, Chair Term Expires January 2012 • Nancy Tyson, Vice Chair Term Expires January 2013 • Clark Jackson, Treasurer Term Expires Jan. 2012 • Cordell Bennigson, Director Term Expires Jan. 2014 • Kelly Cmerek Tyson, Director Term Expires May 2014 • Staff • Jason Ford, President/CEO • Linda Wentrcek, Vice President • Judie Gustafson, Programs Manager • Carrie Orts, Office Coordinator

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

  6. FOUR KEY PRIORITIES: 2008-2011 BOARD GOALS • 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. • 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. • 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. • 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.

  7. WHAT WE DO • ADVOCATEto create a positive business climate. • MENTOR AND COUNSELsmall 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 PROPERTYthrough our two business parks totaling 148-acres • PROMOTE & MARKETthe community to improve the image and awareness of Taylor.

  8. 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 whicha). The majority of the products or services of that company are ultimately exported to regional, statewide, national or international markets; andb). Is included in one of the following qualified North American Industry Classification System (NAICS) sector codes.

  9. QUALIFIED INDUSTRIES BY NAICS CODE • As defined in the Development Corporation Act of 1979, As amended. • NAICS Sector Number Description • 11 Agriculture • 211-213, 221 Mining 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.

  10. 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.

  11. HOW WE CAN HELP • FINANCIAL ASSISTANCE • PROVIDE LAND-GRANTSto qualified employers or projects • PROVIDE INFRASTRUCTURE-GRANTSfor existing & new properties • PROVIDE FAÇADE-GRANTS for historic properties (for primary employers only) • PROVIDE FORGIVABLE LOANSfor equipment and relocation assistance • ASSISTcompanies to secure incentives from other local and state agencies • NON-FINANCIAL ASSISTANCE • IMPROVE YOUR WORKFORCEby working with our key partners in education to provide off-the-shelf or employer-customized training programs. • EDUCATE LEADERSon policies, procedures or outcomes which assist companies to create or retain primary jobs. Lobbying is not allowed. • FACILITATE PLANNING & PERMITTINGprocesses with local and state agencies to minimize problems and delays on projects.

  12. WHO TO CONTACT • JASON FORD – PRESIDENT/CEO 512/ 352-4321jasonf@tayloredc.org • LINDA WENTRCEK – VICE PRESIDENT (EXISTING BUSINESSES)512/ 352-4316lindaw@tayloredc.org • JUDIE GUSTAFSON – PROGRAMS MANAGER (MARKETING & NEW BIZ)512/ 352-4325jgus@tayloredc.org • CARRIE ORTS – OFFICE COORDINATOR512/ 352-4325carrieo@tayloredc.org

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