The Van Alstyne Economic Development Corporation is responsible for the creation and implementation of a competitive industrial (economic) development program for the city with the following objectives;
- Create and expand existing job opportunities
- Retain and expand existing businesses and industries
The Van Alstyne Economic Development Corporation was founded in 1996 as a Non-Profit Corporation, Chartered by the State of Texas. It is a “4A” Corporation under the Development Corporation Act of 1979, which gives cities the ability to use sales tax revenue to fund new and expanded business enterprises in their local communities through EDCs.
BOARD OF DIRECTORS
The Van Alstyne VAEDC board consists of five members residing within the Van Alstyne City Limits, Van Alstyne ETJ and/or Van Alstyne ISD who volunteer to serve. Board members are appointed by the Van Alstyne City Council. The board normally meets monthly on the fourth Friday of each month at 9:00 a.m.
The Van Alstyne VAEDC was responsible for the land procurement and development of the Cold Springs Industrial Park complete with rail spur. In addition, the VAEDC has been instrumental in attracting new businesses with the development of industrial space within the city.