In response to the $150,000 Economic Development Administration (EDA) Grant that TexAmericas Center (TAC) announced in November of 2016, the TexAmericas Center Board of Directors has approved a contract with Olsson Associates to provide property assessment and planning services outlined in the grant. This comprehensive planning strategy will position TAC to strategically redevelop selected portions of their 12,000 acres with targeted industries in mind.
The TexAmericas Center (TAC) Board of Directors voted on January 24, 2017 to approve a contract with Navitas Utilities Corporation to be the primary natural gas provider for TAC-East tenants. The new partnership will allow TAC to offer a reliable natural gas supply for the first time to current tenants on their East Campus and will greatly aid in attracting new industries to the footprint.
TexAmericas Center’s Board of Directors approved a new lease for VSE Corporation at its board meeting on Tuesday, January 24th. VSE Corporation, headquartered in Alexandria, VA, will occupy warehouse space on the TexAmericas Center Central Campus consisting of 19,228 square feet and .93 acres. The nature of work to be performed is warehouse and distribution. The lease term will be for a period of seven (7) months and the company has the option to extend the lease for two (2) additional one (1) year periods. VSE will invest approximately $175,000 in facility and equipment to create about 14 jobs.
During the Expal USA press conference, state elected officials, local county officials, and representatives from: TexAmericas Center, Workforce Solutions Northeast Texas, and the Economic Development Administration announced details pertaining to four major grants currently impacting economic development in the Texarkana area.
TexAmericas Center (TAC) has seen an 18% increase in employment amongst its’ tenants from the previous year (July 1, 2015- June 30, 2016) and is proud to report the addition of 82 jobs to the area— as a part of this growth. TAC completes an annual census of current tenants and businesses located on their Central, East, and West campuses (excluding the Red River Army Depot) to evaluate employment growth. The 2016 census ultimately revealed an overall $13.9 million annual payroll for the 26 tenants/businesses located on TAC’s combined footprint.