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About CEDC

The Commerce Economic Development Corporation is a nonprofit corporation whose primary function is to promote economic development through recruitment of new industry and expansion & retention of existing industry in Commerce. The corporation was established in January 1994 when the citizens of Commerce approved the local option 4A Sales Tax for Economic Development.

The one-half (1/2) cent sales tax generates approximately $356,000 annually for economic development. Packaging these funds with incentives from the state and other local entities, the CEDC has been aggressive in its pursuit of growth for Commerce.

Examples of Incentives Provided New & Existing Industries

  • Land in one of two industrial parks at no cost to the company
  • Construction of a 50,000 sf speculative building sold at below cost
  • Infrastructure such as curbed concrete streets, water, sewer and natural gas
  • Forgivable loans and low interest loans
  • Cash for agreed upon number of jobs created and capital investment
  • Renovation of existing buildings
  • Job Training

Additional Uses of Sales Tax Revenue

  • Purchase of 150 acre site for the FM 3218 Industrial Park
  • Commerce Community Profile
  • Hunt County Wage & Benefit Survey
  • Northeast Texas Regional Labor Survey & Analysis
  • Construction of 12" looped water line for industrial park
  • Construction of major gas line to industrial park

The CEDC works hard to attract jobs and capital investment to Commerce and is known throughout the state for its creative and aggressive approach to bringing industry to our community. As evidence, Commerce won the Texas Economic Development Council's highest award in 2002, the "Community Economic Development Award" in the 5,001 to 15,000 population category. Our success stories in the past few years show we are successful in recruiting new industry and in retention & expansion of existing industry.

We stand ready to work with you in the site selection process because "Commerce Means Business." Join us by contacting Bonnie Hunter, Executive Director, at [email protected] or complete the Contact Form for more information.

February 25, 2020 at 8:00 a.m.
Regular Meeting

Commerce City Hall
1119 Alamo Street, Commerce, Texas 75428
Topic: CEDC Board Meeting
See Agenda for connection details and Zoom remote meeting details.
Agenda

February 17, 2020 at 9:00 a.m. - Cancelled
Regular Meeting

Commerce City Hall
1119 Alamo Street, Commerce, Texas 75428
Topic: CEDC Board Meeting
See Agenda for connection details and Zoom remote meeting details.
Notice of Cancellation

December 15, 2020 at 9:00 a.m.
Regular Meeting

Conference Room – McDowell Administration Building, #290
Campus of Texas A&M University - Commerce
2008 University Drive Commerce, TX 75428
Topic: CEDC Board Meeting
See Agenda for connection details and Zoom remote meeting details.
View Agenda

November 18, 2020 at 9:00 a.m.
Regular Meeting

Conference Room – McDowell Administration Building, #290
Campus of Texas A&M University - Commerce
2008 University Drive Commerce, TX 75428
Topic: CEDC Board Meeting
See Agenda for connection details and Zoom remote meeting details.
View Agenda

December 15, 2020 at 6:00 p.m.
Topic: Special City Council Meeting
See Notice for connection details and Zoom remote meeting details.

Notice of Meeting – NOTICE OF PUBLIC HEARING FOR CREATION OF
REINVESTMENT ZONE NO. 2020-02

October 19, 2020 at 11:00 a.m.
Regular Meeting

Conference Room – McDowell Administration Building, #290
Campus of Texas A&M University - Commerce
2008 University Drive Commerce, TX 75428
Topic: CEDC Board Meeting
See Agenda for connection details and Zoom remote meeting details.
View Agenda

Notice of Meeting – Tax Abatement OEP, INC.

Notice of Meeting – Tax Abatement HUARU GROUP HOLDING, INC.

Notice of Public Hearing for Creation of Reinvestment Zone No. 2020-01

September 21, 2020 at 11:00 a.m.
Regular Meeting

Community Room – Guaranty Bond Bank
1108 Park Street
Commerce, TX 75428
Topic: CEDC Board Meeting
See Agenda for connection details and Zoom remote meeting details.
View Agenda

August 31, 2020 at 3:00 pm.
Remote Meeting Notice

The Public may join this meeting via the web utilizing the link provided in the agenda below.
Topic: CEDC Board Meeting
Time: August 31, 2020 3:00 PM Central Time (US and Canada)
See Agenda for connection details.
View Agenda