Main Street Historic District Funds are depleted. If you are looking for grants for a business outside of this district funds are going fast, please call the EDC to inquire before filling out the application at 979.627.6127
Sealy Economic Development Corporation
313 Main Street, Sealy, TX 77474
Establishment, Funding Source & Governing of the Sealy EDC:
- The Texas Legislature adopted the Development Corporation Act of 1979 to give cities the ability to raise funds and finance economic and community development efforts through the creation of economic development corporations.
- The Texas Local Government Code chapters 501, 504, and 505 define the scope of economic development corporations.
- Corporations are either identified as “Type A” or “Type B” organizations depending on the authority approved by the voters as included in the election ballot language and by the type of sales tax revenue uses approved by the voters.
- The voters of the City of Sealy approved the formation of the Sealy Economic Development Corporation (Sealy EDC) in 1997.
- The Sealy EDC is considered a Type B corporation, funded by a one-half cent sales tax collection, as approved by the voters.
- Sealy EDC is incorporated as a nonprofit corporation for the purpose set forth in the Articles of Incorporation.
- In accordance with Sealy EDC bylaws, EDC Board of Directors shall be appointed by and shall serve at the pleasure of the Sealy City Council. The Board consists of seven (7) members who reside in Sealy, each serving two (2) year terms.
- The Sealy EDC Board meets monthly, on the 4th
- Sealy City Council Oversight Responsibilities Per Texas State Law, the Sealy City Council is to approve all programs and expenditures of the Sealy EDC and annually review any financial statements of the corporation; it is entitled access to all of the Corporation’s books and records at all times; (Texas Government Code, Section 501.073)
How Type B Sales Tax Revenue Can Be Used:
The Type B sales tax may be used for any project eligible under Type A rules and several other project types, including quality of life improvements. Type B corporations may pay for land, buildings, equipment, facilities, targeted infrastructure and improvements for:
- professional and amateur sports and athletic facilities, tourism and entertainment facilities, convention facilities and public parks;
- related store, restaurant, concession, parking and transportation facilities;
- related street, water and sewer facilities; and
- affordable housing.
To promote and develop new and expanded business enterprises that create or retain primary jobs, a Type B EDC may fund:
- public safety facilities;
- recycling facilities;
- streets, roads, drainage and related improvements;
- demolition of existing structures;
- general municipally owned improvements; and
- maintenance and operating costs associated with projects.
Type B EDCs also may seek voter approval to spend Type B sales tax funds for a water supply, water conservation program or cleanup of contaminated property.
*Information taken directly from the Texas Comptroller website at comptroller.texas.gov
This list is not comprehensive and for informational purposes only.
Business Recruitment, Retention and Expansion Opportunities
If you are interested in opening a NEW business, EXPANDING your current business or would like to discuss BUSINESS RETENTION please call to schedule a meeting at your convenience.
Exceptions for Small Cities and Landlocked Communities
Type B EDCs created by cities with a population of 20,000 or less and those classified as landlocked communities may use sales tax proceeds to fund projects that promote new or expanded business development that do not create or retain primary jobs.
Sealy Economic Development Corporation
313 Main Street
PO Box 517
Sealy, Texas 77474
Sealy EDC Main Number :
Our Mission…We strive to encourage business growth, to create and retain employment opportunities, and to improve the quality of life in Sealy.