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NEDCO 2012 Annual Report
01/25/2013 — admin
NACOGDOCHES ECONOMIC DEVELOPMENT CORPORATION
Annual Report to Membership
October 30, 2012
Priority Goals for the Coming Year (FY 2012-13)
1. Business Attraction — attract at least one new company (with at least 20 jobs) at wages higher than the prevailing salary rate
2. Business Creation — launch at least three new businesses start-ups through our Entrepreneur Incubator Program
3. Business Expansion — one or more existing local business expansion(s) adding a total of at least 50 new jobs
4. Business Retention — on-site visits to at least 150 local companies
5. Technical Training Center — facility in Nacogdoches open for operations by Spring 2014
6. SFASU Collaboration — partner with SFASU academic leadership to help expand internship and entrepreneurial opportunities
“NEDCO is a partnership of public and private interests whose sole focus is to make Nacogdoches a more vibrant and prosperous community. We accomplish this by recruiting new enterprises to our city and county, assisting local businesses, promoting home-grown entrepreneurs and developing a well-trained workforce. Nacogdoches is a community with a can-do and cooperative spirit, one that comes together to get things done. The word is getting out: Nacogdoches is a great place to live, work, retire and invest.”
— David Alders, Chairman, Nacogdoches Economic Development Corporation
SUMMARY OF ACTIVITY FOR THE PAST YEAR
Laying the Foundation for Future Growth
- Nacogdoches Workforce Technical Training Center
STATUS: Classes at the Nacogdoches Technical Training Center (NTTC) began in the Sept. 2011, and the County just received grant funding to build out 12,000-15,000 sq. ft. of classroom and lab space at the former Coors Beer Distributorship facility, which the County purchased in 2010. The NEDCO Board has pledged $75,000, payable at $15,000 per year for five years.
- NEDCO-SFA Deans Joint Committee
STATUS: NEDCO Executive Committee and SFA academic leadership meet formally at the beginning of the Fall and Spring semesters to discuss ways in which the local business community can better integrate with, and support, SFASU’s academic mission. This past year, the group helped streamline the internship program, and launched the Entrepreneur Certification program to teach basic business skills to non-business majors in hopes of stimulating student-driven business start-ups in Nacogdoches.
- Identify and Market Existing Commercial and Industrial Property.
STATUS: Continuous process. There are currently 41 buildings and 36 tracts of land listed on the NEDCO website, and we continue to work with local brokers and commercial property owners, with the goal of listing all available commercial and industrial property.
Business Retention & Expansion
- Mast Motorsports Expansion
STATUS: During Phase 1 of its expansion, the company built an 8,000 sq. ft. building to accommodate new manufacturing capacity, which has resulted in 10-15 new jobs at an average annual salary of $60,000. Phase 2 is in the planning process.
- Parker Hannifin Expansion
STATUS: Parker added a new production line to their Nacogdoches plant, which added 30 new jobs and an estimated $1.2 million-$1.5 million to their annual payroll.
- Monthly “VIP Employer” Visit Program
STATUS: NEDCO coordinates monthly visits by key local leaders (County Judge, Mayor and City Manager, SFA President, NISD Superintendent, along with NEDCO and Chamber leadership) to major local employers. During the past fiscal year, the group visited eight major local employers.
- New Retail Establishments
STATUS: During the past fiscal year, six new restaurants have opened in formerly vacant retail space in Nacogdoches: Bullritos (on North Street in part of former Movie Gallery space); Frozen Goat Yogurt Bar (on North Street in part of former Movie Gallery space); Fuzzy’s Taco Shop (in Marketplace II in the former Fuddruckers space), The Fish Place (on North Street in the former Delacroix space); Napoli’s (on North Street in the former Hong Kong Buffet space); and Subway (on University Drive in the former Rainbow Cleaners space)..
- Visits to existing business visits throughout the year
STATUS: NEDCO staff made more than 160 visits to local employers (industrial, service and retail) during the past year.
- “Shop Nac First” Program
STATUS: NEDCO is a founding partner, along with the Chamber, CVB and Main Street, of the “Shop Nac First” program to encourage Nacogdoches residents to try local retailers first rather than simply heading out of town to shop.
Business Creation
- Entrepreneur Incubator Program (with Angelina College SBDC)
STATUS: The following is a summary of activity in Nacogdoches County through the Angelina College SBDC from since October 2011:
- New Businesses Launched — 1
- New Businesses in Progress — 5
- New Jobs — 18
- Capital Investment — $1,190,000
- Entrepreneur Certification Program
STATUS: The joint NEDCO-SFASU program was launched in Fall 2012; the seminars bring together students and local business leaders to expose primarily non-business majors to the challenges of starting and running a business.
Business Attraction
- Southern Power Company Biomass Plant
STATUS: During most of the past two years, upwards of 1,000 construction workers were employed building the $475 million biomass plant in Sacul. The plant began operations on June 20, 2012, delivering 100 percent of its energy production to Austin Energy (City of Austin), with whom it has a 20-year power purchase agreement. The Nacogdoches plant will employ 40 people at an average annual salary of $74,000, in addition to several hundred jobs created by suppliers and service providers to the facility
- Select Energy Services
STATUS: Select Energy Services established an oil and gas services logistics facility in Fall 2011 in Chireno that has created 350 jobs with an annual payroll of $9-11 million
- Exco Operating Company
STATUS: Exco Operating Company relocated its Shelby Field HQ offices from Center to Chireno in Fall 2011, resulting in 60 new jobs.
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Adams, Belanger, Atherton & LoStracco
Alexander & Associates
Angelina & Neches River Authority
ANNACCO
Austin Bank, Texas
Axley & Rode
BancorpSouth - Fredonia
Blood Center East Texas
CAB
Charles Pool Real Estate
Citizens 1st Bank
City of Nacogdoches
Clardy Davis & Knowles
Commercial Bank of Texas
Community Title
Cooper Power Systems
County of Nacogdoches
Cox Contractors
Daily Sentinel
Deep East Texas Workforce Development Board
Edward Jones (Steve Barber & Gregg Nichols)
Elliott Electric Supply
EOG Resources
Etech Global
Exco Operating Company
Express Employment Professionals
Few Ready Mix Concrete
First Bank & Trust-East Texas
Forest Country Homebuilders Association
Goodwin-Lasiter
Hotel Fredonia
Huntington State Bank
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Hydrex EnvironmentalJ.E. Kingham Construction
Joe Max Green Insurance Concepts
KSA Engineers
KTRE-TV
Mast Cattle & Timber Investments
Middleking Properties
Nacogdoches Abstract & Title Company
Nacogdoches Coca-Cola Bottling Company
Nacogdoches County Board of Realtors
Nacogdoches County Chamber of Commerce
Nacogdoches County Farm Bureau
Nacogdoches Independent School District
Nacogdoches Medical Center Hospital
Nacogdoches Memorial Hospital
NIBCO
Norbord Nacogdoches Texas
Oncor Electric Delivery
Point A Media
R & K Distributors
Regions Bank-Stone Fort
Rex Perry Autoplex / T-REX-S Outdoor Store
Select Energy Services
Smith & Partners Financial Services
Southern Power (Nacogdoches Generating Plant)
Stephen F. Austin State University
Suddenlink Communications
Texas Farm Products
Texas Office Leasing (University Industrial Business Center)
Tipton Ford Lincoln
Viper Security & Investigation
Woden Independent School District
XerographiX East Texas
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