Richard "Buzz" David, CEcD Amarillo Economic Development Corporation 801 South Fillmore Suite 205 Amarillo, Texas 79101

Phone: (806) 379-6411 Fax: (806) 371-0112 http://www.amarilloedc.com ashton@amarilloedc.com

The Amarillo EDC's mission is to promote business expansion in the greater Amarillo area that builds a stronger, more diversified economy. The Amarillo EDC assists "basic" businesses, which are companies that primarily sell their products or services outside the Texas Panhandle region, and do not compete directly with existing local businesses.

The EDC has aggressive business incentive programs funded from the proceeds of a half-cent sales tax for economic development that yields over $13 million annually. Cash grants and interest-free loans are available to companies creating new jobs in Amarillo. The level of financial assistance from Amarillo EDC is determined by a formula based on the number of new jobs a company will create, the average wage rate of those jobs, and the company's total capital investment in the project.