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  Economic Development Resource Library Newsletter Subscribe Here >>
  2008 | August

ED-Central
Delivering practical resources for economic growth and prosperity.

Over the course of the last year, TEEX Technology and Economic Development Division has been hard at work supporting communities and businesses as they address development and expansion challenges. From benchmarking best practices to quantifying economic impact, strategic planning, workforce training and technology commercialization, TEEX is here to serve and promote Texas Economic Development. We want to use the Economic Development Resource Library and this newsletter to provide rural economic developers and business owners with ideas and inspiration to support these efforts at the local level. While we have a few ideas of our own for information we can pass along, we are also interested in finding out what kind of information you would like to see in future newsletters.

  • Are there specific topics you want to hear about?
  • Are you looking for more information on issues that your community has encountered?
  • Do you need ideas on how to revitalize your town or where to start?

If you have something you would like to see here, please feel free to send an email our way. We love to get feedback from our readers and are always looking for inspiration.

We hope you enjoy this month’s newsletter which includes another community success story and information on collaborating.

Have a great August!
Your friends at ED-Central
info@ed-central.com
www.ED-Central.com

In This Issue


A former military facility in the city of Beeville is proving to be an important asset to the community and their economic development plans. Earlier this year the Bee Development Authority (BDA) received a $400,000 grant from the Texas Military Preparedness Commission that will help revitalize Chase Field Industrial Park and support 60 new jobs for Beeville and the surrounding area.



Work Together





A former military facility in the city of Beeville is proving to be an important asset to the community and their economic development plans. Earlier this year the Bee Development Authority (BDA) received a $400,000 grant from the Texas Military Preparedness Commission that will help revitalize Chase Field Industrial Park and support 60 new jobs for Beeville and the surrounding area.

The grant application was submitted by BDA at the recommendation of the Texas Engineering Extension Service (TEEX) as part of its Chase Field Industrial Complex Market Study and Plan. The study identified potential business expansion and attraction opportunities for the facility which was decommissioned in 1991. When researching Chase Field development opportunities, TEEX identified the $5 million Texas Legislative appropriation to fund Defense Economic Adjustment Assistance grants for communities with closed or realigned military bases.

“When we called Joe Montez, he and his team got right on the job of preparing the grant application and turned it around on a very short time line,” explained TEEX Economic Development Program Manager Joan Quintana. “Putting together these applications is a lot of work and requires considerable local collaboration. Joe was able to pull it off because he works hard every day to be sure he can call on local support when he needs to.”

The grant funds awarded early this year, combined with local matching funds, provide BDA with a half million dollar investment in Chase Field facilities improvements. The funds will support improvements to two hangers and an existing fire station as well as new construction plans.

As part of its plan, TEEX worked with BDA to conduct a market study and devise a plan of action for expanding aviation-based industry at the facility. TEEX partnered with its sister agency, the Texas Engineering Experiment Station (TEES), to complete the project and provide the best possible plan and opportunities. Together, TEEX and TEES have helped to secure grant funding for Chase Field and identified prospect businesses that are now considering a move to the community.

In addition to funding strategies, plans for facility improvements, and business expansion opportunities, TEEX developed and recommended plans for incentives, infrastructure, administrative operations, and local collaboration.

The study noted that “there is a great opportunity for growing a strong quality job base in Beeville and positioning the community to be a key player in the regional economy.” With the upcoming improvements to Chase Field and a commitment to utilizing the action plans and recommendations outlined in the TEEX study, the BDA is making huge strides in developing Beeville’s economy. 

For more information regarding TEEX services to Texas communities, contact TEEX Economic Development Program Manager Joan Quintana at joan.quintana@teexmail.tamu.edu.





Work Together

When making plans for economic development, collaboration is critical. Collaborate with public and private entities to make plans for issues such as education, housing, business retention, infrastructure, marketing strategies, incentive packages, and revitalization efforts.  By doing so you will ensure that your community’s capacity for economic development is not constrained.

While many communities have already initiated local collaboration, some have shied away from regional collaboration thinking that it will somehow hurt their own community. Although this myth persists in many areas, working with other entities and communities in your region often yields a synergistic effect. You may find that as the regional economy improves, your local economy will improve making it easier to attract and retain businesses.



 
Get On TARGET
 
TARGET (Technical Assistance for Regional Growth in Economic Development) taps into a wealth of resources found within TEEX and The Texas A&M University System to help your community reach its economic development potential. To find out more about TARGET click here.