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The Impact of the AEDC

Over the past year, we’ve heard a lot about the various businesses relocating to Amarillo, thanks to the efforts of the Amarillo Economic Development Corporation (AEDC). The organization recently released its Annual Report, and we thought it might be interesting to pull a few key facts from the report that highlight the impact they’re making in our community. For example, did you know that in 2021, the AEDC announced six major projects with a Total Capital Investment of over $201 million? Along with welcoming Amazon to Amarillo, the organization worked to ensure the American Quarter Horse Association would remain in Amarillo for the next ten years, which was a big win for our community. They assisted RCC Brass with a major expansion, helped Torkworx open a location in town, and assisted North Heights Linen with job creation incentives, just to name a few examples. In all, the projects they worked on last year alone created 930 new jobs in our community. Those numbers get even more impressive if you look back at the impact the AEDC has had over the last ten years. In that time, they’ve created more than 2,500 jobs and retained more than 3,200 jobs with a payroll of $275 million. They’ve also been successful in attracting more than $500 million in Capital Investment to our community, which is a pretty good return on a $146 million investment.

The AEDC has also helped area employers and job seekers through its Take Root In Amarillo employment website, which saw more than 5,000 website views from both local residents and those looking to relocate to Amarillo.

AEDC Chairman Scott Bently summed up last year by saying “...the strides we’ve made together in 2021 will set Amarillo up for continued success in the future.”

We feel the same way and are thankful for all the AEDC has done, and continues to do, for our community. You can read the entire report here.

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