Over the past decade, the world of economic development has evolved significantly. The ideas that shape the financial world are rapidly changing from how business is conducted daily to how distributors deliver their wares.  As a result, business owners looking to expand or relocate to Amarillo must consider new ideas to ensure their businesses will thrive. To help, we’ve created a short list highlighting lessons we’ve learned over the last few years. 

Following the State of the Economy breakfast, the Amarillo EDC is providing the materials presented at the event. In this blog post, you can download Kevin Carter's AEDC presentation, Laura Street's launch of The Range, workforce presentations from Rebecca Gehman and Amanda Ellis, and the 2022 Amarillo EDC Annual Report. 

Maybe you’ve seen them in your hometown, or perhaps you noticed them while traveling through another city. Chances are, when you’ve encountered one, you stopped for a great picture opportunity or just took a moment to get off your feet and take in the surroundings. Scattered around many of the great metropolis and even smaller cities are beautiful places where locals and tourists can co-mingle and share in an appreciation of something that may seem somewhat trivial but is quite functional. 

Amarillo, Texas is a city that is committed to economic development, job creation, and fostering a thriving business environment. With a diverse range of companies projected to create thousands of new jobs and make significant capital expenditures, the city is fostering a thriving business environment. Let’s take a closer look at some of the companies and programs contributing to Amarillo’s economic growth, as well as the recognition our city has received for its efforts. 

Security may not always be the highest priority that a beginning company considers, but it is extremely important as a business grows. Security breaches can wreak havoc on your company and lead to huge recovery expenses. In fact, the average cost of a data breach is somewhere around $9.44 million in the U.S. Don’t let a security breach be the end of your business. Here’s how you can protect your company. 

Hiring good employees used to be as easy as posting a sign on a street-facing window of your business. After a while, it evolved into posting in the newspaper and on billboards, then it became necessary to post on internet job boards and websites. Now, it’s time for recruiters and hiring managers to embrace the change again. 

The Texas Economic Development Council (TEDC) has announced Amarillo as a recipient of its annual Community Economic Development Awards (CEDA) for 2022. The awards were presented at the Award Luncheon at the TEDC’s 2022 Annual Conference on Thursday, October 20th, 2022 in San Antonio, Texas.

Governor Greg Abbott today announced Producer Owned Beef, LLC (“POB”) will create a new beef processing plant in Amarillo. The plant will harvest 3,000 cattle per day and sell beef and beef byproducts both in and out of Texas. The new facility allows Texas cattle producers to access the value chain and keep hundreds of millions of dollars in Texas. The project will create more than 1,500 new jobs and generate $670 million in capital investment. A Texas Enterprise Fund (TEF) grant of $12.2 million has been extended to POB. In addition, a Veteran Created Job Bonus of $8,000 has been offered.

On June 27, 2022, CVMR® (Texas) along with representatives from the Amarillo Economic Development Corporation (Amarillo EDC) hosted the groundbreaking ceremony for CVMR® (Texas). This ceremony marked Amarillo, Texas as the site for the first environmentally neutral industrial-scale critical minerals refinery in the country. 

The Texas Economic Development Council (TEDC) has announced the recipients of their statewide 2022 Workforce Excellence Awards. Six recipients have been awarded in their respective population categories. A total of seventeen nominees overall were recognized for their workforce projects.