Organizations ban together to launch website to support local businesses

The Amarillo Economic Development Corporation (Amarillo EDC) in partnership with the Northwest Texas Small Business Development Center (SBDC), the WT Enterprise Center, and Workforce Solutions Panhandle, launched a website of business and employee resources specific to the coronavirus (COVID-19) outbreak in an effort to help citizens stay informed and make appropriate business decisions.

Amarillo EDC urges citizens to shop local, follow guidelines set by local officials, and continue to take precautions

The Amarillo Economic Development Corporation (Amarillo EDC) is dedicated to supporting, strengthening and diversifying our local economy. 

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.

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.

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.

There’s a little P.T. Barnum in all of us. We all tend to think our hometown is the greatest show on earth. And while a good dose of hyperbole plays a role in burnishing a city’s image, businesses dig much deeper when making serious moves involving startups or expansions in new locations.

“To foster economic growth, innovation clusters need to draw on the power of an interrelated ‘quad’ of sectors: public, private, civil, and academic.” - Ernest J. Wilson III, USC

Earlier this summer, in a meeting with Kyla Frye of the WT Enterprise Center, I was introduced to the concept of the “Quad,” an economic model created by a dean at the University of Southern California. Jeff Reid, Incubator Director at the WT Enterprise Center, had written a report on the model for an Economic Development capstone project.

In essence, the model suggests that collaboration and vision alignment across four sectors — government, business, nonprofit and academic — is the key to a community’s maintained economic growth.