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November 19, 2018
Amarillo EDC Votes to Support Local Business Expansion, Bringing 125 Jobs
The Amarillo Economic Development Corporation (AEDC) Board of Directors announced today their support in the expansion of
Asset Protection Unit, LLC, a leading provider of data mining and overpayment recovery for insurance and related industries, will create more than 125 jobs in the Amarillo area over the next five years. The positions will support the business unit's ability to support new insurance carriers.
"We are thrilled to support growing businesses in the Amarillo-area," stated AEDC Board Chairwoman Laura Street. "As a Board, we enjoy investing in the growth of area companies that have and will continue to give back to the community. These projects highlight the on-going growth in Amarillo and the AEDC's focus on expansion and retention."
Interim President and CEO Doug Nelson stated, "Anytime the organization can invest in successful local businesses that are growing, we consider that a win."
The AEDC's support of the two expansions is the first step toward final approval of financial incentives for the two projects. The Amarillo City Council will consider the two projects at an upcoming Council meeting on December 4, 2018. Incentives may only be awarded upon final approval by City Council.
The Amarillo Economic Development Corporation (Amarillo EDC) is the primary economic development engine of the Amarillo community, responsible for industry growth and job creation through business attraction and retention initiatives. The mission of the Amarillo EDC is to attract businesses to Amarillo which offer highly skilled, highly-paid positions; to expand and retain existing local businesses in Amarillo, and to foster a business environment conducive to entrepreneurship.
November 19, 2018
Amarillo EDC Formally Announces Appointment of Doug Nelson as Interim President and CEO
The Amarillo Economic Development Corporation (AEDC) Board of Directors today formally appointed Doug Nelson as the company’s Interim President and Chief Executive Officer, effective immediately. Nelson succeeds Barry Albrecht, the company’s prior President and CEO, who announced his resignation on November 6, 2018.CONTINUE READING
November 06, 2018
October 23, 2018
Workforce in focus: How the AEDC is taking steps to engage the local workforce
You’re only as strong as your team. And a company is only as strong as its workforce. We know businesses, cities, educators, non-profits and everyone in between is constantly looking for the right talent who will stick around and be assets for their organization. But it is tough! With low unemployment, labor participation and new generations entering the workforce, the challenges of recruiting, retaining and engaging employees can be daunting and harmful to a business.CONTINUE READING
August 22, 2018
Amarillo EDC Funding for Fairly Group to be Reinvested into the Community
The Amarillo Economic Development Corporation (EDC) today announced the reinvestment of funding originally awarded to the Fairly Group in an agreement reached in 2017. The agreement provided Fairly Group funds to allow for the expansion of high-quality jobs at its Amarillo headquarters. In the past year, the agreement has produced $27,000 for the company.CONTINUE READING
August 22, 2018
Amarillo Economy Recognizes Accelerated Growth in 2018
The Metro-Amarillo economy recognized an accelerated rate of growth in 2018, surging to 2.8%. In a report, released today by the Amarillo Economic Development Corporation (AEDC) and prepared by Mark Snead, President of RegionTrack, data describes that the reported growth rate outpaces the national average of 1.6% for the same twelve-month period.CONTINUE READING
June 29, 2018
Board Director Lloyd Brown Shares His Vision For The AEDC
Lloyd Brown, CEO of Integrated Advantage Group and co-founder of Smart Chemical Services, is the newest member of the Amarillo EDC’s Board of Directors. He was a member of the Amarillo JCs, president of the Amarillo Club, and currently serves on the church board at Pinnacle Community Church.CONTINUE READING
June 27, 2018
THRIVE Amarillo Scholarship Ensures Growth of Area Workforce
The Amarillo Independent School District (AISD) Board of Trustees voted Thursday evening to approve the school district’s financial participation in the THRIVE Amarillo Scholarship program.CONTINUE READING
June 27, 2018
New THRIVE Scholarship To Give Students Two Years Free AC Tuition
College just got a little more affordable.
A new scholarship with Amarillo College, THRIVE, will allow more than 8,500 students to receive two years of college courses at no charge. The scholarship, which covers the next six years, is a "last money in" tuition assistance program that applies to 60 hours of tuition, books, and even fees at AC.CONTINUE READING
May 09, 2018
Amarillo To Invest $69M in Construction of Texas Tech University School of Veterinary Medicine
Yesterday, the Amarillo City Council approved an amendment that could bring hundreds into Amarillo and shape the city as a foundation for educational growth. The amendment, which altered the 2016 agreement between the Texas Tech University System and the Amarillo EDC, will provide an investment of up to $69 million to ensure the construction of the Texas Tech University School of Veterinary Medicine (TTU SVM) in Amarillo.CONTINUE READING