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Board of Directors:
Todd Love, President
Ric Peterson, Vice President
Susan Anderson, Secretary/Treasurer
Sandi Collier
Vanessa Sheffield Ex Officio Board Members:
Rickey Childers, City of Lancaster, City Manager
Joe Johnson, Lancaster Chamber of Commerce, President Staff:
Ed Brady, Director of Economic Development
ebrady@lancaster-tx.com
Cassandra Mitchell, Executive Secretary
cmitchell@lancaster-tx.com
The City of Lancaster’s Economic Development Department is Lancaster's lead agency for new business development and the coordinating of economic assistance and incentive arrangements for the business community seeking to expand, establish or relocate commercial operations to Lancaster. The Board of Directors of the Lancaster Economic Development Corporation (LEDC) administers the "4A" Economic Development sales tax as its primary source of funding for considering economic incentives to attract the expansion or relocation of commercial development to Lancaster.
The LEDC was formed July 1995 after the passage of a local option quarter-cent sales tax increase. Our mission is to encourage favorable site selection or expansion decisions by business and industry.
The LEDC is overseen by a five-person Board of Directors. These individuals review applications for incentives and make recommendations to the Lancaster City Council regarding projects warranting incentive funding. These proceeds can be used to assist a prospective eligible industry project costs like construction and infrastructure improvements.
The main criteria used in evaluating business development by the Board are increased tax base, capital investment, jobs and local sales tax generation where applicable. It is essential that written incentive requests be made and acted upon by the LEDC Board and City Council prior to the commencement of construction or remodeling. Incentives are not considered retroactively.
For information, contact Ed Brady Director of Economic Development, City of Lancaster - Economic Development Department, PO Box 940, Lancaster, Texas 75146. Phone (972) 218-1315. |
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