Taylor EDC is a Type A, 4A non-profit corporation founded by the Taylor voters in 1994. Taylor is funded by one-half percent of the annual sales tax from the City of Taylor and are a separate entity from the city of Taylor with a separate staff and budget. The EDC has five board members that are appointed by the City Council for 3 year terms and meet on every third Wednesday of every month at 5:00 PM in the TEDC Conference Room (Notice posted 72 hours in advance).
Taylor EDC is quasi-governmental, subject to open-records and open meetings laws with two exceptions for economic development. We are treated by the State of Texas as a private, non-profit entity.
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.
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".
PROVIDE LAND-GRANTS to qualified employers or projects
PROVIDE INFRASTRUCTURE-GRANTS for existing & new properties
PROVIDE FACADE-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
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.