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News

Amarillo's Direct Travel Impacts

In celebration of National Pi Day, the Amarillo Convention and Visitor Council (CVC) recently released figures related to Amarillo's direct travel impacts on the local economy. These numbers were based on 2013 data:

Amarillo EDC Board Votes 4-0 to Make Grant to Xcel Energy / SPS

Xcel Energy / Southwestern Public Service Co. has announced its intent to build a new leased corporate headquarters building in downtown Amarillo. The project entails a 114,000 square foot building and multi-story parking garage on the city block currently occupied by the Renniassance Office complex and a city parking lot. Minnesota developer Opus Corp. proposes building the $42 million structure and leasing it, long-term, to Xcel subsidiary Southwestern Public Service Co.

WT EnterPrize Challenge Continues to Boost Local Economy

The WT EnterPrize Challenge continues to enable local entrepreneurs to add more jobs and boost Amarillo's economy. For the past twenty years, the WT Enterprise Center has hosted the challenge to help small companies and start-ups succeed. The winners receive a share of a $500,000 grant to invest in their business endeavors, which in turn, is re-invested in Amarillo.

Bell Helicopter Announces Deals

Bell Helicopter on Tuesday announced deals that could lead to the sale of more than 200 aircraft, helping to counter the weakness in a market hit by the slowdown in work from the oil and gas industry.

EnterPrize Challenge Finalists Share Visions with Judges

Proverbial sharks took to the tank Thursday to hear business pitches and deliberate how to invest $500,000 in grant funds through the 2015 Amarillo EnterPrize Challenge.

More Navy Helicopters to be Built in Amaillo

The Defense Department’s fiscal year 2016 budget includes $1.6 billion in funding for 19 V-22 Ospreys, roughly the same amount included in last year’s budget.

AEDC Offers Incentives for Planned Food Testing Laboratory

A San Antonio company that tests food, beverages and other items could gain as much as $170,000 in economic development incentives for a laboratory it wants to bring to Amarillo.

New Blog Post Available

Ashton Allison, Director of Marketing and Communications for the Amarillo EDC comments on a recent site selection survey publised by Area Development magazine in new blog post. To read how Amarillo stacks up against the top 10 site evaluation criteria, go here.

Federal Budget May Include Funds for New Ospreys

The federal government’s fiscal 2016 budget will be unveiled today and is expected to include a provision to field a new Navy version of the V-22 Osprey.

Xcel to Build 7-story, $42M Office in Downtown Amarillo

“Amarillo is our operating company’s home, so we are especially proud to be the anchor tenant for the first major private office building constructed downtown in decades,” said David Hudson, president of Southwestern Public Service Co., the Xcel subsidiary in Amarillo.

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"The quality of work is tremendous. They can't believe it at the home office. I tell them it is all because of the people. It's a great bunch."

Dwight Byars

V.P. of Tiltrotor Operations for Bell Helicopter Textron