Chandler Economic Development Corporation Overview
On June 16, 1996, the Chandler City Council ordered a special election to be held on August 9, 1996 to consider a 1/2 cent increase in the city sales tax to be used for Economic Development under sec. 4B, Art. 5190.6, V.T.C.S. as amended by the Development Corporation Act of 1979. On October 13, 1998, the City Council passed a resolution authorizing the creation of the Chandler 1/2 Cent Sales Tax Corporation. Articles of Incorporation were filed with the Texas Secretary of State on February 1, 1999. On July 18, 2013, the name was officially changed to the Chandler Area Economic Development Corporation in order that the name more closely describes the intent of the origination.
The property and affairs of the corporation are managed by a seven member Board of Directors subject to the restrictions imposed by law, the Articles of Incorporation and the bylaws. The day-to-day operation of the EDC is overseen by the Executive Director appointed by the Board of Directors and approved by City Council.
Over the years the EDC has assisted in the expansion and retention of local businesses as well as attracting new businesses. The EDC has worked with the city to improve local parks, establish a memorial museum and many other worthwhile projects. It has also made loans to developers to improve the housing for senior citizens and those with limited income.
The goal of the EDC is to create and increase economic activity in the city and surrounding area, thereby creating jobs and improving revenue for the city through sales and ad valorem taxes.
The Chandler Area Economic Development Corporation is ready, willing and able and wants to help you expand and grow your local business or start a new business in this area.