Part 1: Big Spring Economic Development Corporation

Established in 1990, Big Spring Economic Development is a Type A, Texas Non-profit, Tax Exempt Corporation specifically governed by the Texas Development Act of 1979. It operates separately from the City of Big Spring with 5 Board of Directors and 2 staff members. Mission To assist, stimulate, and enhance economic development in Big Spring, Texas, subject to applicable State and Federal laws and the Bylaws and the Articles of Incorporation. To utilize its Sales Tax Revenues to increase the job opportunities available to the citizens of Big Spring by assisting the expansion of local businesses and attracting new business activities to Big Spring.

Type A

Projects permitted under Type A include the more traditional types of economic development initiatives that facilitate manufacturing and industrial activity. For example, the Type A tax can be used to fund the provision of land, buildings, equipment, facilities, expenditures, targeted infrastructure, and improvements that are for the creation or retention of primary jobs for projects such as manufacturing and industrial facilities, transportation infrastructure and more.

Primary Jobs

By definition, a primary job is a position which pays above the median wage, that produces goods and/or services that are predominantly sold outside the community. This creates new “outside” dollars for the community. Once a company is paid for the products and/or services, they redistribute that wealth in the community through wages paid to employees, local suppliers, sales tax, and ad valorem tax.

For more information please contact (423) 264-6032