Following January's State of the Economy event, the Amarillo EDC is providing its full 2020 Economic Outlook Report. As the event was designed to be informative for the community, business owners, and students. The following materials were made to be a resource to help community members make informed decisions moving into this year. 

Canadian company to establish U.S. Operations in Amarillo

Today the Amarillo City Council approved a Location Incentive Agreement presented by the Amarillo Economic Development Corporation (Amarillo EDC) to support the attraction of Suspendem Inc. to Amarillo. This ratification comes after approval by the Amarillo EDC Board of Directors on January 16, 2020. This final step in the approval process allows the Amarillo EDC to provide an incentive agreement which will allow Suspendem Inc. to hire up to 150 full-time employees.

The Amarillo Economic Development Corporation (Amarillo EDC) announced details for the organization’s Second Annual State of the Economy event to be held on January 22, 2020 at 7:30 a.m. in the Heritage Room of the Amarillo Civic Center, 401 S Buchanan St. 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 Amarillo Economic Development Corporation (Amarillo EDC) today announced the launch of a job and internship board on TakeRootInAmarillo.com, the new community website that gives businesses, job seekers, students, and individuals looking to learn more about city life a special look into the rich cultural, economic, and social benefits of living and working in the city of Amarillo. As an employment resource, the website now has a live job board section, where employers can post local job opportunities that offer a salary of over $45,000 a year. In addition to jobs, internship positions for students and community members will be posted by local companies.

Approval ushers in 150 new jobs to the area economy

Today the Amarillo City Council approved a Location Incentive Agreement presented by the Amarillo Economic Development Corporation (Amarillo EDC) to support the attraction of SSI Foods, LLC to Amarillo. This ratification comes after approval by the Amarillo EDC Board of Directors on September 23, 2019. This final step in the approval process allows the Amarillo EDC to provide a 17.10-acre parcel in the CenterPort Business Park for the construction of the 75,000 sq. ft facility which will employ up to 150 full-time employees.

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.

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.

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.

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.

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.