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. 

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. 

Approval ushers in the creation of 80 new full-time jobs

Today, the Amarillo City Council approved a Location Incentive Agreement presented by the Amarillo Economic Development Corporation to support attracting Torkworx to Amarillo. This ratification comes after the approval by the Amarillo EDC Board of Directors on July 19, 2021. This final step in the approval process allows the Amarillo EDC to provide an incentive agreement to allow Torkworx to hire 80 new full-time employees over two years. 

Approval ushers in the creation of 50 new full-time jobs

Today, the Amarillo City Council approved a Location Incentive Agreement presented by the Amarillo Economic Development Corporation to support the expansion of RCC Brass in Amarillo. This ratification comes after the approval by the Amarillo EDC Board of Directors on July 19, 2021. This final step in the approval process allows the Amarillo EDC to provide an incentive agreement that will allow RCC Brass to hire an additional 50 full-time employees over a five-year period. 

Approval ushers in the creation of 100 new full-time jobs

Today, the Amarillo City Council approved a Location Incentive Agreement presented by the Amarillo Economic Development Corporation to support North Heights Linen Service in Amarillo. This ratification comes after the approval by the Amarillo EDC Board of Directors on June 28, 2021. This final step in the approval process allows the Amarillo EDC to provide an incentive agreement that will allow North Heights Linen Service to hire 100 new full-time employees over a five-year period.

Event to launch on Amarillo EDC website on March 24

The Amarillo Economic Development Corporation (Amarillo EDC) announced that the organization’s annual State of the Economy event will take place virtually on Wednesday, March 24, 2021. The virtual event will be made available on the Amarillo EDC’s website at 9:00 A.M. on Wednesday, March 24, with a rerun of the event airing on Panhandle PBS at 7:30 P.M. on Thursday, March 25, 2021. The event will provide a brief update of Amarillo’s economic outlook and feature a keynote speech discussing macroeconomic issues and how they impact our community.

The purchase will position Amarillo to be competitive in various industry sectors

Today, the Amarillo City Council approved a $4 million land purchase made by the Amarillo Economic Development Corporation (Amarillo EDC). This ratification follows the approval of the Amarillo EDC Board of Directors meeting on July 20, 2020. The purchase is for 37.6 acres of property in the Point West Development located at Point West Parkway and Evans Drive.

Relocating businesses find the growth opportunities, low taxes, and vibrant business community they want in West Texas.