The Newton Community Development Corporation was created to
help improve the
community's quality of life including parks, sports facilities, athletic
facilities, tourism and entertainment facilities as well as primary jobs,
economic development and to provide funding and other assistance to new and
existing businesses.The Corporation is a legal entity with statutory
authority to spend economic development sales tax dollars. The
corporation is city-chartered and governed by a city appointed board of
directors. The Newton CDC is a “4B Corporation” that was approved by
local voters in 1994.
What can a 4B Corporations
Project that improve a community quality of life, including parks,
professional and amateur sport and athletic facilities, tourism and
entertainment facilities, affordable housing and other improvements or
expenditures that that promote new or expanded business activity that
create or retain primary jobs. The Corporation can do everything
authorized under 4A section of the Development Corporation Act.
The Corporation is prohibited from using revenues
to build learning centers and municipal buildings.
Over the past decade the Newton Community
Development Corporation has completed many projects with the majority of
funding dedicated to improving the quality of lift in Newton.
Newton Community Development Corporation
101 North Street, Newton, Texas 75966
NCDC offices are located at the City Hall Building