Contact Information
Phone:
409-379-5061
email:
donnie@newtontexas.org

Mail
101 North Street
Newton, Texas 75966

LOCAL BUSINESS LINK

NEWTON ECONOMIC DEVELOPMENT CORPORATION
About NEDC

 
In 1979, the Texas Legislature passed The Development Corporation Act.  It was later amended to allow communities the opportunity to build economic development funding through a local sales and use tax.  In 1994 an election was held and the voters in the City of Newton overwhelmingly passed an ordinance creating The Newton Economic Development Corporation (NEDC).  The corporation is administered by local citizens consisting of 5 Directors with some oversight and cooperation from the Newton City Council. 

The NEDC is completely funded by the voter approved 1/2 cent addition to the State Sales Tax on services and products produced or sold within the taxing jurisdiction of the City of Newton. The tax was created to give smaller Texas communities the financial resources to build effective economic development programs and offer financial incentives to attract primary jobs.  Over the years, the economic development sales tax has become the backbone of local efforts to bring new jobs and investment to Newton. 

The primary purpose of the Newton Economic Development Corporation is to act on behalf of a city in carrying out projects related to manufacturing and industrial development and the promotion of new and expanded business enterprises that create or retain primary jobs.

The City of Newton is aggressive in assisting existing businesses and marketing to potential new businesses. Our main objective is to leverage these dollars into quality jobs while building an improved quality of life for all of the residents of the City of Newton.  We have the ability to tailor-make an incentive package that helps to insure long-term success for your company and we would like to discuss those possibilities with you.  Please look over some of the eligible projects that can be funded by NEDC and then give us a call to specifically design a package just for your company!

Land, building, equipment, facilities, improvements and expenditures related to:
Manufacturing, industrial, research and development, recycling, small warehouse and corporate headquarter facilities, and distribution centers.
Job Training for primary jobs and commercial/retail.
Business airport facilities and port-related facilities
Infrastructure assistance to retail or commercial projects
Business-related sewer utilities and site improvements
Creation of Primary Jobs

All Business of the Newton Economic Development Corporation is conducted through the Board of Directors. Action of the Board of Directors must be ratified in a public session by the City Council of the City of Newton.

 Newton Economic Development Corporation
Board of Directors / Officers
President /

Mark Karpel, President
James Feistel, Vice President
Directors
Mike Adams    David Hines    John Pollock

General Manager
Donald H. Meek
donnie@newtontexas.org

Secretary / Treasurer
Molly Will