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News

AEDC Investment in Hilmar Cheese Pays Off Big

A decade ago, some principals in Dallam Countyapproached the Amarillo Economic Development Corporation, asking for some financial help.
 
A company based in California was looking to build a cheese plant. The company's choices were Burley, Idaho and the Texas Panhandle. What could Panhandle economic planners do to lure them here?
 

Navy Proceeds with Plans for Bell's V-22 Osprey

The Navy is moving ahead with plans to order 44 V-22 Ospreys to be assembled in Amarillo by Bell Helicopter in partnership with Boeing, officials confirmed Thursday.

EnterPrize Challenge Announces 2015 Winners

The 2015 Amarillo EnterPrize Challenge is making five- and six-figure investments in businesses focused on coffee, soda, candles, art, wedding planning, marketing and human resources consulting. West Texas A&M University Enterprise Center on Thursday announced the winners in the entrepreneur challenge it sponsors in conjunction with Amarillo Economic Development Corp.

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.

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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