About Groesbeck EDC | Your Local Business Partner

"What Do I Qualify for?" and Other Frequently Asked Questions

Straight answers about who we help, how the EDC is governed, and how to bring a project to us. Don't see your question? Reach out. We're glad to talk it through.

Who We Serve & How

State & Local Governance

Requests & Investments

Who does the Groesbeck EDC work with?

Existing Groesbeck businesses that want to grow, new businesses considering Groesbeck, entrepreneurs getting started, and developers or site selectors looking at property in and around the city.

What kind of help can I get?

We can talk through your idea one-on-one, share local market and audience data, help you find sites and buildings, connect you with partners like lenders and workforce programs, and tell you whether your project may qualify for EDC assistance.

Do I need to be a large company to work with you?

No. Small and locally owned businesses are a big part of Groesbeck's economy, and many of our conversations start with a single storefront or a new service idea.

Does it cost anything to talk with the EDC?

No. Starting a conversation with us is free. Reach out and we'll find a time to talk.

Can GEDC help fund my business idea or have money for startups?

No. GEDC doesn’t make loans or start businesses. Our investments are alongside existing businesses and tied to results for Groesbeck: jobs, capital investment and a stronger local economy. We can help start ups, new and prospective business owners in other ways.

Where can GEDC invest?

Inside Groesbeck city limits. If a project includes land outside the city that the City can annex, we can still work with it. Property investments are limited to commercial property. Home-based businesses, or businesses run out of a non-commercial space can still get help with services, equipment and workforce development, just not with the property itself.

Do I need to own a business to apply?

No. Business owners, property owners and nonprofits can all bring a project to GEDC. What matters is the project itself: whether it’s feasible, an approved expenditure and what it will do for Groesbeck.

What is an economic development corporation?

Texas law lets cities create economic development corporations to attract and grow businesses and jobs. The Groesbeck EDC uses a voter-approved portion of local sales tax to invest in projects that strengthen the local economy.

Who oversees the Groesbeck EDC?

A board of directors appointed by the Groesbeck City Council. The City Council also approves the EDC’s annual budget, major EDC projects and large expenditures so decisions stay accountable to the community.

Are EDC meetings open to the public?

Yes. Board meetings follow the Texas Open Meetings Act, and agendas are posted ahead of time. You can find agendas, minutes and other records on our Official Records page.

Where does EDC funding come from?

From a share of local sales tax approved by Groesbeck voters. GEDC is funded by 0.5% of sales-taxable purchases made in Groesbeck: one cent of every $2 spent. Those funds cover GEDC’s operations and are reinvested in projects that create jobs, capture new markets, retain existing ones and expand Groesbeck’s sales tax base.

How is GEDC different from the City or the Chamber?

GEDC invests in projects that grow Groesbeck’s economy, like new businesses, expansions, jobs and new or retained consumers. The City handles permits, zoning, utilities and code. The Chamber focuses on business networking, promotion and resource facilitation. We work closely with both, and if we’re not the right call, we’ll point you to who is.

Is a project approval public?

Early conversations stay private. Depending on a project’s size and scope, approval may go through the GEDC board, a public hearing, the City Council or a combination, all in open meetings. Once approved, the agreement becomes part of the public record.

How do I request assistance or an incentive?

Start with a conversation. We’ll ask about your project, timeline, goals and investment. Where there is a program that fits or a fundable project, we’ll walk you through the application. Requests are reviewed by the EDC board, and approved incentives are set out in a written, performance-based agreement.

What do you look for in a project?

Jobs created or kept, capital investment, added sales tax and property value, viable new market reached, retail leakage captured or retained and how well the project fits Groesbeck’s goals for growth.

Will my information be kept confidential?

Early conversations are handled discreetly, and Texas law allows certain economic development negotiations to stay private while they're underway. Once the board acts on an agreement, it becomes part of the public record.

How long does the process take?

It depends on the size of the request and the board's meeting schedule. We'll give you a realistic timeline at the start so you can plan around it.

What is a performance agreement?

A written agreement between GEDC and a business that ties GEDC’s investment to specific results, like jobs created or retained, capital invested or a facility completed. Support is paid as those commitments are met, and the agreement is approved in a public meeting.

What’s the difference between your programs and a performance agreement?

Our established programs, like curbside improvements, Woodson’s Local Build and workforce development assistance, run all year under set guidelines. If your project fits, the path is straightforward. Projects that don’t fit those guidelines, usually larger or more custom ones, are handled through a performance agreement built around the project.

How do reimbursement and performance-based payments work?

Most programs work on reimbursement: you complete the approved work, submit your receipts and documentation, and GEDC reimburses an agreed share. Performance agreements are tied to results over time, and support is paid as milestones are met.

Can I get help for a project that’s already started?

Reach out before you start whenever you can. Most programs only cover costs after approval. If you’ve already started, still reach out. Some programs, like curbside improvements, are more flexible, and we can tell you what may still qualify.

What has GEDC funded before?

Over the years, GEDC has helped businesses cover the cost of storefront and facade upgrades, signed agreements that kept local jobs in Groesbeck, supported local businesses as they expanded, and invested in rehabbing downtown and commercial buildings. Approved agreements are part of the public record on our Official Records page.

Your Local Business Development Partner

Growth-Minded Businesses, Job Creators & Developers

Early Stage Businesses

Existing Businesses in Groesbeck

Job Creators Locating in Groesbeck

Developers Creating Opportunities in Groesbeck

Projects We Can Support

Facility Expansion

Service & Market Expansion

Workforce Development

Exterior Facade Improvements

How Public Investment Is Guided

GEDC Board

City Council

State Law

Public Accountability

"What Do I Qualify for?" and Other Frequently Asked Questions

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