About Amarillo EDC
THE AMARILLO EDC
IS AN ORGANIZATION WHOSE MISSION IS TO PROMOTE BUSINESS
EXPANSION IN THE GREATER AMARILLO AREA THAT BUILDS A STRONGER,
MORE DIVERSIFIED ECONOMY.
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
The EDC has aggressive business incentive
programs funded from the proceeds of a half-cent sales tax for
economic development that yields over $10+ 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.