Since 1979, Texas law has allowed cities to form economic development corporations to attract businesses and create job opportunities. In 1989, the Legislature amended The Development Corporation Act of 1979 to allow eligible cities the option of adopting a dedicated sales and use tax to fund industrial development projects. Since 1991, Wills Point EDC has assisted with creating more than 600 new jobs.
Wills Point Business Park was created after Wills Point voted to approve a levy 0.05 of the authorized sales tax for the purpose of promoting economic development within the confines of the city. The administration of the EDC consists of the Mayor and four directors. The Wills Point Economic Development Corporation is classified as §4A, meaning the sales tax is limited in use to industrial and manufacturing facilities, recycling facilities, distribution centers, small warehouse facilities, closed or realigned military bases, and some allowances in the areas of commercial business development, business airport facilities, and port-related facilities.
The Park consists of 146 acres fronting on U.S. Hwy 80 East of downtown Wills Point approximately one mile. The corporation has completed construction on over $4,000,000 worth of infrastructure on the park premises to better serve the industrial needs of the occupants. Improvements include concrete streets with curb and gutter, adequate water and sewer facilities for the entire Park, electricity, natural gas, twenty-two fire plugs, access to fiber optic high-speed internet; T1 line or WiMax, and a stem tower to assure water supply for all businesses in the Park.
Wills Point EDC offers a range of incentives tailored to fit a company’s specific needs. Incentives for moving to the Park are available depending primarily on the number of new employees brought to and hired in the 75169 zip code.
Wills Point EDC Mission Statement
The mission of the Wills Point Economic Development Corporation is to promote and enhance economic opportunities through the attraction of new ventures. The Corporation will assist Wills Point in attracting new ventures by helping to provide an economic environment that is business friendly and conducive to productivity and prosperity to include the utilization of the airport as an economic asset essential to the acquisition of business within both the industrial park and airport grounds. In addition, the EDC fosters an economic development environment through promotion, cooperation and communication between the public and private sector, enabling an increased standard of living for our residents and enrich their quality of life.
Objectives:
- Lead and coordinate economic initiatives within the City to foster the creation of new jobs.
- Cooperate with other economic development agencies and organizations to improve our development efforts.
- Communicate the importance and benefits of economic development to all businesses and government sectors.
- Attract new business and promote city-wide enhancements that improve the economy of Wills Point.
- Pursue grants, agency funding and contributions that support the mission statement.
- Provide input, leadership and research through public forums in order that informed decisions can be presented and a positive image of Wills Point is developed in the minds of the public and private sectors.
- Promote Wills Point on a regional, statewide, national, and international level.
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