GEDC: Comprehensive North Texas Expertise
Jobs created/retained since 2010 as a result of direct economic agreements with the GEDC: 492
Incentives awarded since 2015: $2,903,828.53
The Gainesville Economic Development Corporation (GEDC) is your one-stop-shop for expert information. We can supply you with the data you require and the customized incentives you need. The GEDC works to develop and maintain a diverse and vibrant economic base by supporting current businesses, providing the resources entrepreneurs need for start-up, and assisting site selectors with relocation and expansion.
The GEDC is a Texas Type B Economic Development Corporation formed in 1994 and funded by ¼ of 1 percent of the sales and use tax for the City. The funds are used to fuel economic and industrial growth primarily through the following strategies:
- Retention and Expansion of Existing Businesses
- Targeted Marketing and Recruitment of New Business
- Incentives and Infrastructure
- Talent Development Training through Education and Workforce Partnerships
- Primary Job Creation
The GEDC’s focus is on primary employers whose companies sell a majority of their products and services to markets outside of Cooke County, funneling those new dollars into our local economy.
New Market Tax Credit Designation – Recently some of our prime real estate for industrial growth has been designated for New Market Tax Credits, including our Gateway Industrial Park which is shovel ready. Now is the perfect time to seriously consider making Gainesville your location for business.