News

Wednesday, September 01, 2021

For the past 23 years, our clients have ensured we've always remained the industry's leading GIS data tool for corporate site selection and economic development. We've earned that trust through a combination of consistent, exceptional innovation and updates to our online data tools, along with exceptional customer service. No other vendor on the market comes close to offering this number of constantly added new features, enhanced functionality and intuitive interface. As a result, we feel fortunate to have experienced considerable growth in market share. We work hard to justify our clients' trust in our software products. Here is a selection o...

Texas Is NO. 1 In Semiconductors, Wind Power In 2021

Wednesday, September 01, 2021

A 2021 report by Business Facilities Magazine ranks Texas as No. 1 in the nation for semiconductors and installed wind power capacity and in the Top 10 in its global rankings for Austin’s start-up ecosystem. Business Facilities published these rankings in its State, Metro and Global Rankings Report, the magazine’s annual across-the-board evaluations of economic development leaders, July 27. Texas garnered 45 spots in the Top 10 Rankings, including five first place rankings. Texas is No. 1 In addition to Texas being No. 1 in semiconductors and wind power capacity, the state’s other first places included: Fastest-growing metros by population — Austin-Round Rock-Georgetown Cyber citie...

WalletHub names Texas the best state to start a business in 2021

Wednesday, September 01, 2021

BRAZOS COUNTY, TX — If you are thinking about starting a business, Wallet Hub says there's no better state than Texas. The website recently published an entire article explaining why the Lone Star State is number one. 19-year-old Madi Stott launched the second location of Texas Size Selfie, an open-air photo booth company, right here in Aggieland about three months ago. "It's one of the best things I've ever done. Especially with school. It's allowed me to get involved in not just the community but off-campus as well," Madi Stott, regional manager, Texas Size Selfie said. WalletHub says it ranked each state using thre...

Palestine Mall Sale Brings the Prospect of Economic Development and Revitalization

Tuesday, July 20, 2021

Palestine Economic Development Corporation is pleased to announce the finalized sale of the Palestine Mall which allows the City to turn the page to a new chapter for economic development and revitalization. When the City purchased the Palestine Mall 11 years ago in 2010, it solved several issues. One, it gave the Palestine Public Library a new home. The library had suffered roof collapses in 2009 that left the building condemned. The estimated $12-to-$15 million to construct a new library was not feasible at the time. By moving into the mall, the library was once again able to serve the citizen...

Palestine, Texas: The Benefits of Investing in Its Opportunity Zone

Tuesday, June 29, 2021

Opportunity Zones were created in 2017 when the new Tax Cuts and Job Act was implemented. They are designed to spur economic development in less-developed and under-invested communities by providing tax benefits to investors. Now is a perfect time to invest in Opportunity Zones because capital gains taxes on earnings from many types of investments can be deferred until December 31, 2026. There are over 8,700 Opportunity Zones covering all 50 states, D.C., and 5 U.S. territories. Texas’ eligible tracts were determined using a multi-step process to identify areas in particular need due to chronic unemployment, lower population density, and significan...

Palestine EDC Welcomes Texas Health and Human Services to Willow Creek Business Park

Friday, May 21, 2021

The Palestine Economic Development Corporation’s (PEDC) 352-acre Willow Creek Business Park welcomes the latest office facility for the Texas Health and Human Services Commission (HHS) and Texas Department of Family and Protective Services. “The new facility for Texas Health and Human Services is a wonderful addition to the Willow Creek Business Park, and we welcome them as our newest business within the park,” said Lisa Denton, Palestine Economic Development Director. “Wildwood Development has done a great job with construction, and I am certain the new offices will help streamline their processes. We look forward to their continued growth and assistance i...