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    POSTED BY

    Savannah Tarbet

    Governor Abbott Approves Funds for  Texas Tech Vet School

    Amarillo EDC has pledged up to $69M toward completion of the project

    On June 15th, Texas Governor Greg Abbott authorized a budget approved by the Texas Legislature that will allocate $17.35 million in operational funding for the Texas Tech University School of Veterinary Medicine (TTUSVM) in Amarillo, a move that will strengthen the school’s existing educational investment in the High Plains while providing additional incentives for students and animal health professionals who live and work in the community.

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    POSTED BY

    Reagan Hales

    An Interview With Scott Bentley, the Amarillo EDC's Newest Board Member

    Scott Bentley, the Amarillo market President and current Board of Directors members of First United Bank, is the newest member of the Amarillo EDC's Board of Directors. Scott is very active in the community having served on numerous civic boards including Golden Spread Council of Boy Scouts, Amarillo/Canyon United Way, Juvenile Diabetes Research Foundation, Texas Tech University Health Sciences Center Community Advisory Board, and the Amarillo Tax Increment Reinvestment Zone.

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    POSTED BY

    Reagan Hales

    Amarillo EDC Releases Materials from State of the Economy Event

    Following a successful State of the Economy event, the Amarillo EDC is happy to provide the event materials to the public. As the event was designed with the intention to educate and provide critical information for business owners, consumers and students to make informed materials, the Amarillo EDC is pleased to make these valuable materials available to the greater community. 

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    POSTED BY

    Reagan Hales

    Amarillo EDC Announces Inaugural State of the Economy Event

    Event aims to shed light on national and local trends shaping the area’s economy

    The Amarillo Economic Development Corporation (Amarillo EDC) announced today their plans to host the organization’s inaugural State of the Economy event to be held on January 31, 2019, at 7:30 a.m. at the Embassy Suites Hotel. The event will provide a brief update on Amarillo’s economy while national economic leaders will discuss how macroeconomic issues affect the growth of the community. 

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    POSTED BY

    Reagan Hales

    City Council Approves $1.25M AEDC Project

    Amarillo City Council Approves Incentives for Local Business Expansion

    Approval ushers in 125 new jobs to the area economy

    The Amarillo City Council approved today the use of financial incentives from the Amarillo Economic Development Corporation (AEDC) to support the expansion of  Amarillo-area business Asset Protection Unit (APU).  This final step in the approval process allows the AEDC to provide up to $1.25M to APU to support the company's plans to create 125 jobs in the next five years. 

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    POSTED BY

    Reagan Hales

    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 Amarillo-area business Asset Protection Unit.  Over the next five years, the project will create more than 125 jobs in the Amarillo area, adding $5M in additional payroll.  

    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.

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    POSTED BY

    Reagan Hales

    Amarillo EDC Announces Search for New Leadership

    The Amarillo Economic Development Corporation’s (AEDC) board of directors and its president and CEO, Barry Albrecht, have mutually agreed to separate so that Mr. Albrecht can spend more time with his ailing parents.

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    POSTED BY

    Sabrina Meck Perez

    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.

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    POSTED BY

    Reagan Hales

    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.

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    POSTED BY

    Barry Albrecht

    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.

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