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August 22, 2018
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.CONTINUE READING
August 22, 2018
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.CONTINUE READING
April 27, 2018
Xcel Energy Rolls Out New Certified Economic Development Sites
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.CONTINUE READING
August 24, 2016
Why We Should Encourage Innovation In Amarillo
“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.