Introduction to Economic Development

Economic development is crucial to fostering growth, prosperity, and stability within communities. It encompasses various strategies, initiatives, and policies to improve an area's economic well-being. In the case of Amarillo, economic development plays a vital role in shaping the future of this vibrant Texan city. Amarillo can unlock its full potential and build stronger communities for its residents by promoting economic growth.

‍Introduction to Labor Day in Amarillo

Labor Day is a significant holiday in Amarillo, Texas, as it allows us to recognize and appreciate our local workforce's hard work and dedication. This day holds a special place in our hearts as we pay tribute to the contributions made by workers in various industries that drive our economy. It is a time to celebrate their achievements and express gratitude for their commitment to building a prosperous Amarillo.

Amarillo Economic Development Corporation (AEDC) is an organization dedicated to promoting economic growth and prosperity in the city of Amarillo, Texas. With a focus on attracting new businesses, retaining existing ones, and fostering entrepreneurship, AEDC plays a pivotal role in the economic climate of Amarillo.

As businesses navigate the uncertain waters of economic downturns, it becomes paramount to have a solid plan to safeguard operations and emerge stronger when the tides turn. Recessionary periods can be challenging, but with the right strategies, Amarillo businesses can weather the storm and position themselves for growth in the future. In this blog post, we'll explore nine pro tips to help protect your business during a recession.

There is an increasingly prominent realization that innovation is no longer a mere buzzword for business growth. It has become a decisive driving force behind economic development, shaping how communities progress, industries transform, and economies thrive. At the Amarillo Economic Development Corporation (AEDC), we are committed to leveraging innovation to stimulate sustainable economic growth in our city.

As a business owner looking to expand into new markets, you may be searching for the perfect location that offers an excellent quality of life and a thriving business ecosystem. Enter Amarillo, Texas - a hidden gem in the heart of the Texas Panhandle. Amarillo Economic Development is here to support you as you explore the myriad opportunities available in Amarillo.

Over the last few years, we've seen a severe talent shortage as COVID drove more than 5 million out of the labor force in April 2020. Of course, there are solutions to this problem, including pay, alternate schedules, hybrid work, and feedback/recognition. But what does that mean for your Amarillo business? Let's discuss some ideas for addressing talent and labor shortages.  

In today's competitive job market, it can be a daunting task for companies to attract and hire top talent. The competition is fierce, and candidates have numerous options to choose from. Companies need to be innovative and strategic in their approach to hiring.

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. 

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.