The TEDC serves as a catalyst to build wealth for all Taylor citizens by assisting existing and prospective industry to increase revenues generated in this area. We measure success by job creation and retention, tax base increases and other important objectives detailed in our strategic plans.
The Taylor Economic Development Corporation will improve the economic climate for the Taylor community.
In 1993 the Economic Development (ED) Committee of the Taylor Chamber began to explore ways to encourage business growth in Taylor. Surrounding communities, Round Rock and Georgetown, were funding ED activities with money from their general fund.
The Chamber Board approved the recommendation of its executive director to consider the sales tax for economic development as a possible method. In August 1993, City Commissioners agreed to place the issue on the November ballot.
The City Commission decided to combine the ½ cent for property tax reduction with the ½ cent for ED sales tax.
Of those who voted, 72.4% voted for the proposition to create a 4A corporation and 27.6% voted against it.
The primary source of funds is the 4A sales tax which can be used to assist primary businesses, infrastructure for businesses, and workforce development.
By January 1995, the Taylor EDC had acquired office space, hired a staff and was well on its way.