The Alamo Economic Development Corporation (EDC) is committed to fostering an economic environment that empowers local businesses to grow and succeed. Through the implementation of various initiatives, the EDC seeks to encourage private investment and spur job creation to benefit the city and the region at large. We have adopted a three-phase approach designed to effectively meet our business empowerment objectives.
As part of our commitment to empowering new businesses, we provide the following services during phase one:
- Technical assistance including business and financial planning
- Site selection services and aiding with negotiation
- Permits and other procedures
Phase two of our empowerment initiative involves our Business Expansion and Retention Program. In this phase, we work with businesses to generate concepts and work towards implementing these ideas and strategies with the goal of sustaining successful operations. An emphasis is placed on networking and in strategic partnerships with organizations such as the Small Business Administration, the Women’s Business Center and others that provide training resources.
Our organization also facilitates participation in special events and public relations opportunities such as seminars, networking events and the annual Alamo Business Spirit Award during Homecoming week – a contest designed to unite local businesses, high school sports and the community.
The Alamo EDC has received funding through two loans with the USDA-Rural Development Program. The first loan is through the Rural Business Enterprise Grant (RBEG) Program and the other through the USDA Rural Development Intermediary Relending Program. The purpose of obtaining these loans is to provide a revolving loan fund program that will supplement and assist small businesses and startups through expansion. Through this revolving loan program, the Alamo EDC will use the money and interest obtained through loan repayment to relend to additional businesses. Businesses unable to find funding from other sources can also apply for assistance through the Texas Rural Communities (TRC) loan program.
Phase two also sees the EDC work with businesses to obtain certifications to enable growth providing goods or services to the public sector, including:
- HUB certification program
- UTPA Procurement Technical Assistance Center (for certification as a minority owned- or woman-owned business)
- 8A Certification
- Corporate Certification
The third phase of our empowerment initiative involves working with local institutions of higher education to ensure the development of a strong, educated workforce. Both The University of Texas-Rio Grande Valley (UTRGV) and South Texas College offer study and continuing education in a variety of disciplines.
Both schools have received extensive recognition for serving Hispanic students. UTRGV, formerly UTPA, has been ranked as the 6th most affordable university in the nation and is ranked 2nd and 3rd in the nation for awarding bachelors and masters degrees, respectively, to Hispanic students.
Empowering Businesses in Alamo
The City of Alamo holds great promise for continued job growth and economic development. The Alamo EDC is available to assist companies of all scopes and sizes with their endeavors for further success. We want to ensure that the number of new companies and business expansions in Alamo continues to increase. For more information about all of our business empowerment initiatives, contact the Alamo Economic Development Corporation today at 956.787.6622.