Temple Economic Development Corporation (Temple EDC) Research Report

Company Overview

Name, Mission of the Company

Name: Temple Economic Development Corporation (Temple EDC)

Mission: Retain, attract, and support the people and businesses necessary to improve the quality of life in Temple.

When was the Company Founded and by Whom

Established: 1988

Founders: Not explicitly mentioned.

Key People in the Company

President & CEO: Adrian Cannady

Vice President: Tom Long

Director of Business Engagement: Bridget Hinze Weber

Director, Operations: Jennifer Avery

Where is the Company Headquartered

Headquartered: Temple, Texas, USA

Number of Employees

Number of Employees: Not specified.

Revenue of the Company

Revenue: No information is available.

What is the Company Known For

Known for enhancing economic development activities and quality of life opportunities for businesses and residents in Temple, Texas.

Products

What Products Do They Offer

Temple EDC acts as a facilitator for business growth, attracting investments, creating job opportunities, and providing a conducive environment for business expansion.

High-level Description of the Product

Temple EDC provides support through:

Site Selection Assistant: Helps businesses in locating appropriate sites for development or expansion.

Business Retention and Expansion Programs: Maintains and improves relationships with existing businesses.

Workforce Development Initiatives: Collaborates with local educational institutions to prepare a skilled workforce.

Key Features of Each of the Products

Site Selection Support:

Access to shovel-ready sites.

Detailed business cost and economic data.

Incentive Programs:

Customized financial benefits and competitive project incentives.

Workforce Development:

Connections to educational resources and training programs for new and existing workforce needs.

Recent Developments

Recent Developments in the Company

2024 Highlights: Over $122 million invested in capital projects with 124 new jobs created.

SeAH Superalloy Technologies Investment: Secured a $110 million investment for a special alloy manufacturing facility.

New Products Launched

SeAH’s facility: A high-performance metal manufacturing facility, the first of its kind in the U.S. by a South Korean company.

New Features Added to the Existing Products

Digital Engagement Increase: A 5% increase in digital engagement, reflecting a broader recognition of Temple as a strategic business location.

Any New Partnerships

SeAH Superalloy Technologies: Partnership with South Korea’s leading industrial material manufacturer for the new manufacturing facility.

Conclusion

The Temple Economic Development Corporation (Temple EDC) has been actively pushing the boundaries of economic growth and development in Central Texas. With strategic investments such as the SeAH Superalloy Technologies facility, Temple EDC underscores its role as a significant proponent of business expansion, job creation, and regional development. The Corporation's focused initiatives on workforce training, strategic site selection, and strong partnerships with businesses position it as a central figure in shaping Temple's economic landscape.