Amarillo EDC Business Retention and Expansion Program
While attracting new business and industry to the area is extremely important, the Amarillo EDC recognizes that existing businesses are the lifeblood of our local economy. Existing businesses contribute forty to eighty percent of all new jobs, support our local labor force, and enhance our quality of life. Assisting existing primary business* and industry with growth and expansion plans is therefore an integral part of the Amarillo EDC mission.
A primary business is a for-profit basic-industry business that primarily exports its products or services outside the Amarillo area, thus bringing new money into the local economy. To meet this definition, a company must show that at least 75 percent of the company’s current or projected sales come from outside the Amarillo area and that jobs are or will be located in Potter and/or Randall counties.