Lamesa has both Type A & Type B Economic Development Corporations
The Lamesa Economic Development Corporation & Lamesa Economic Alliance Project are respectively Type A and Type B 501 (c)(3) not-for-profit economic development corporations established by the City of Lamesa to strengthen and diversify the tax base of Lamesa. The two corporations are directed by a single executive director and two separate Board of Directors. Though separate entities, the two corporations are referred to, and largely operate, under the umbrella name “Lamesa Economic Development” (or “LED”) for branding & marketing purposes.
The LEDC and LEAP are funded by an adopted sales tax enabled by the Development Corporation Act of 1979. Each organization receives a 1/4 cent from Lamesa’s sales tax. To read more about Type A and B EDCs, go here: www.texasahead.org/tax_programs/typeab.
LEDC and LEAP provide a broad range of free and confidential services to business and industry considering new locations for expansion, relocation, or consolidation. LEDC and LEAP work to address multiple factors of production, including land/building inventory, workforce development, entrepreneurship, and other key elements to support economic development. Corporation services include identifying available sites and facilities, accessing applicable local and statewide business support and incentive programs, and evaluating critical site location factors. LEDC and LEAP also assist existing companies through initiatives and an upcoming Retention and Expansion program.
The mission of LEDC & LEAP are to “Establish a Vibrant and Competitive Economy” to improve the quality of life in Lamesa, TX.
TYPE A ELIGIBLE PROJECTS
TYPE B ELIGIBLE PROJECTS
No-Cost & Confidential Services
LEDC & LEAP provide a broad range of services to business & industry considering new locations for expansion, relocation, or consolidation. LEDC & LEAP work to address multiple factors of production, including but not limited to the following:
Services Offered by Both Corporations
Start & grow a business: We can help you start a business. This includes vetting business ideas and obtaining industry research to registering for a tax ID, completing a business plan, and preparing for financing. We can help existing business variety of issues such as workforce development training and quality control to improving entrepreneurial skill-sets with QuickBooks training.
Grants & Loans: Incentives and financing are scaled to the economic development project. The larger the capital investment and job creation numbers, the more favorable the assistance. All non-budgetary expenditures must be approved by our business-friendly City Council.
Real Estate & Site Options: LED can assist with identifying land & buildings for your project. Contact the Executive Director to discuss your project parameters in confidence. A project name or the generic name “client” will be used to shop your real estate needs within the commercial real estate community, which has frequent contact with LED.
Business Advocacy: LED can act act as a liaison between private companies and the City of Lamesa in order to address concerns affecting business operations. LED can also help firms access applicable local and statewide business support and incentive programs. Advocacy includes providing custom proposals and helping firms evaluate critical site location factors.LED assists existing companies through initiatives & an upcoming Retention & Expansion Program.