Chamber and STEDCO announce support of EDC ballot initiative

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There are many ideas associated with economic development, but the biggest underlying tool is being able to fund it. The blocks may not always stack in this order, but here some major factors in development.

 

By July Danley,

President/CEO, Stephenville Chamber of Commerce / Vice President, STEDCO

The Stephenville Chamber of Commerce and Stephenville Economic Development Foundation (STEDCO) have been working together with the City of Stephenville to coordinate and improve economic development efforts in our community. After much discussion and diligent research, we believe that the establishment of a Type B Economic Development Corporation (EDC) is an important step in providing a unified, business friendly environment.

Economic development includes activities that focus on the creation, attraction, retention and expansion of businesses with the goal of adding new and higher paying jobs to increase a community’s median income, thereby improving the quality of life enjoyed by all residents.

The City Council voted unanimously to place Proposition 1 on the ballot for the upcoming May election. This measure will give the City of Stephenville the ability to increase their focus on economic development WITHOUT increasing taxes or cutting current programs or services. There will be no change in any of your tax rates as a result of Prop 1. The forming of a Type B EDC will simply designate current tax dollars to be spent specifically on economic development related activities. Whether it’s building, maintaining and improving infrastructure, or providing prospective businesses with a helpful place to facilitate their investment in Stephenville, the EDC will approve projects aimed at promoting new and expanded business development to ensure responsible, sustainable growth in our city for years to come.

Along with the Chamber and STEDCO, many other community partners including Ranger College and Erath County Builders Association, as well as leaders from education, manufacturing, health care, small businesses, banks and beyond are in support of this EDC initiative!

According to Wendell Hollingsworth, VP of Operations for Fibergrate, “When companies see sustainable economic development funding and a united front, they see that the city means business.”

Chad Decker, owner of Hard 8 BBQ, has expanded his restaurant business into three other cities including Coppell, Roanoke and most recently The Colony. According to Decker, “The support of the local EDC in all of these cities was crucial when making our decision to open a business there. From assistance with the permitting process and locating property to coordinating with utilities and financial incentives, the welcoming atmosphere and resources provided were essential in making our investment successful.”

The Chamber and STEDCO have compiled a fact sheet that addresses many of the questions that citizens may have about the ballot proposition and how the forming of a new Type B EDC will benefit the Stephenville community. We encourage you to review the document attached with this email and share with your family, friends, neighbors, coworkers and employees to help us educate the community about this important issue.

If you have additional questions about the proposition, please reach out to us and let us know! Simply reply to this email or please feel free to contact any of our Chamber and STEDCO Board Members listed below. We also encourage you to find Stephenville Chamber of Commerce or Stephenville Economic Development Foundation on Facebook to view and share this fact sheet to help us inform the community and encourage residents to vote FOR Prop 1.

WHEN and WHERE do I vote?
Early voting starts April 27 and runs weekdays through May 5 from 8:00 am – 5:00 pm.
Election Day is Saturday, May 9 with polls open 7:00 am – 7:00 pm.
All voting will take place at the Erath County Courthouse.

CHAMBER BOARD:
July Danley – President/CEO

 

Darrell Brown – Chair

Tarleton State University


Steve Patterson – Chair Elect

The Patterson Agency

 

Ilda Martinez– Vice Chair

Texas Health Harris Methodist Hospital


Wendell Hollingsworth – Past Chair

Fibergrate Composite Structures

 

Kim Pack Wilson – Finance Chair

Fraser, Wilson & Bryan, PC


John Baxter

Baxter Chemical

Greg Bruner

Bruner Motors, Inc.

L.V. Coffee

Texas Bank


Ed Dittfurth

Cornerstone Church

 

Karen Hobbs

Ark Veterinary Hospital

 

Greg Hubbard

Hubbard Orthodontics

 

Dr. Whit Weems

Tarleton State University

 


STEDCO BOARD:
Willy DeJong
– President

Hidden View Dairy

Wendell Hollingsworth – Vice President
Fibergrate Composite Structures


Christopher Leu
– Vice President

Texas Health Harris Methodist Hospital


July Danley – Vice President
Stephenville Chamber of Commerce

 

Ron Wulf – Treasurer

Boucher, Morgan & Young, CPAs

Ron Mullins – Past President

First Financial Bank

  

David Baskett

Texas Bank

Austin Brown

Prime Building Components

 

Keith Brown

Prime Building Components


Greg Bruner

Bruner Motors

 

Chris Moore

FMC Technologies

Metta Collier

Collier & Son, Inc.

  

Chad Decker

Hard Eight BBQ

 

Dr. Nathan Heller

Tarleton State University

 

Ed Horton

Tanglewood Pharmacy

    

Mark Martin

Stephenville InterBank

 

Cole Parks

Southwestern Enterprises

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