The Development Corporation of Abilene 2022 Annual Report

22 ANNUAL REPORT

.: 2 :. Vision & Mission

ABILENE’S FUTURE IS

BRIGHT OUR VISION The Vision of the Development Corporation of Abilene is to build the future Abilene.

OUR MISSION The Mission of the Development Corporation of Abilene is to lead economic growth in Abilene by attracting and sustaining industries that support job creation, foster strong business, and ensure a prosperous community. .: 3 :.

MESSAGE TO OUR COMMUNITY Abilene Community Members, This year, the Development Corporation of Abilene continued its tireless work as the economic development driver of our community.

In 2022, the DCOA has recruited businesses to Abilene and retained, grown, and partnered with those already established within the region.

This year, we have invested in new and local businesses in our community to increase job opportunities and capital investment in Abilene. With the vision of its 2022-2025 Strategic Plan in mind, the DCOA continues to focus on opportunities that will benefit Abilene for generations to come.

Many companies are choosing to grow and prosper in Abilene with its expansive land, strong infrastructure, and community that embraces economic development. The DCOA Board is proud to continue its support of the DCOA’s economic development initiatives.

Advancing Abilene,

Sam Vinson

Board Chair, Development Corporation of Abilene

.: 4 :. Message to the Community

Abilene Community Members, The Development Corporation of Abilene is proud to complete another historic year of economic development for our community. Together, we’re building the future of Abilene, and we remain steadfast in our commitment to attract and sustain industries that support job creation, foster strong business, and ensure a prosperous community.

This year, we began the successful implementation of our three-year, 2022-2025 Strategic Plan. The DCOA, along with a culmination of input from the members of the City Council of Abilene and community partners, identified and prioritized goals and objectives including: • Business Retention and Expansion: Influence business growth in the community.

• Business Attraction: Promote Abilene as the premier location for business.

• Marketing and Brand Management: Market the community aggressively and proactively.

• Workforce Development: Implement innovative workforce initiatives to support Type A Companies.

• Real Estate: Prioritize real estate assets that spur Abilene’s future growth.

• Effective Operations: Ensure DCOA’s effectiveness to continue long-term success and impact for Abilene in economic development.

Among the year’s most notable successes, in 2022 the DCOA partnered with countless local companies to secure their future growth here in Abilene. This is just one example of how we’re looking to the future to retain companies and talent right here in Abilene.

I’m proud of the DCOA’s continued vision and leadership in the community. The work we’re doing for Abilene is highlighted in the following pages of the annual report. Abilene offers a remarkable opportunity for businesses, and we’re prepared to continue our role as the economic development driver of this community.

Building the future Abilene,

Misty Mayo

President & CEO, Development Corporation of Abilene .: 5 :.

2022

ACCOMPLISHMENTS CONTRACTED CAPITAL INVESTMENT

$2,464,415,125 JOBS CREATED

85

JOBS RETAINED

409

$7.2 BILLION NEXT 10-YEAR ECONOMIC IMPACT .: 6 :. 2022 Highlights

ECONOMIC DEVELOPMENT STRATEGIC PLAN The objectives, strategies, and actions detailed in Abilene’s Economic Development Strategic Plan are a culmination of extensive data analysis and thorough input from the community, stakeholders, and DCOA Leadership. The plan is to evaluate and prioritize the current and future needs of Abilene’s economic development efforts for years to come. .: 7 :.

ECONOMIC DEVELOPMENT STRATEGIES AND OBJECTIVES BUSINESS RETENTION & EXPANSION

BUSINESS ATTRACTION

MARKETING & BRAND MANAGEMENT

Influence business growth in the community.

Create a culture that engages existing targeted-industry businesses as the catalyst for sustaining and growing our economic base.

Promote Abilene as the premier location for business.

Strengthen Abilene’s competitive advantage by activating strategies that attract consistent and sustainable investment for the community.

Market the community aggressively and proactively.

Develop a robust marketing strategy for DevelopAbilene encompassing communication systems and strategic research to support all initiatives of the DCOA under a highly recognizable brand.

Implement innovative workforce initiatives to support Type A Companies.

WORKFORCE DEVELOPMENT

REAL ESTATE

EFFECTIVE OPERATIONS

.: 8 :. Strategic Plan

Initiate new innovative approaches to broaden workforce capacity, creating a sustainable pipeline of available workforce and support systems for existing and future Type A Companies.

Prioritize real estate assets that spur Abilene’s future growth.

Lead industry development initiatives and strategic projects that most effectively impact long-term economic development success.

Ensure DCOA’s effectiveness to continue long-term success and impact for Abilene in economic development.

Establish sustainable mission-critical operations that maximize the DCOA’s effectiveness in implementing strategies aligned with the Mission.

BUSINESS RETENTION & EXPANSION STRATEGIES • Establish a sustainable system for identifying, researching, and engaging existing Type A businesses.

• Develop programs to support the growth of existing businesses.

• Become a hub for creative and innovative business.

BUSINESS ATTRACTION STRATEGIES • Implement systems that identify and engage targeted prospects, manage their interactions with us, and lead them to an Abilene location decision.

• Commission a competitive analysis and target industry study to prepare research that evaluates our resource capacities and identifies prospect industries aligned with those resources.

• Utilize and expand data & software assets to perform next-level, competitive business retention and expansion, business development, promotion, and marketing operations.

MARKETING & BRAND MANAGEMENT STRATEGIES • Identify and develop resources needed to draw prospect interest and confirm the appropriateness of an Abilene location.

• Utilize proactive marketing to implement organizational and industry marketing, and state, national, and international outreach efforts.

• Promote existing growth to leverage positive messages for workforce, business retention and expansion, and business attraction.

WORKFORCE DEVELOPMENT STRATEGIES • Examine all aspects of the regional workforce and create an action summary to support the needs identified.

• Implement programs to sustain and enhance the skills and capabilities of the regional workforce aligned with targeted industries.

• Further enhance and invest in education and training with educational partners, including an emphasis on exiting Dyess Airmen.

REAL ESTATE STRATEGIES • Implement a real-time sustainable system that identifies and inventories all aspects of available real estate potentially suitable for the needs of targeted prospects, including consideration of acquisition & expansion of existing assets and Industrial Parks.

• Analyze and evaluate costs and benefits of all DCOA properties to determine the best use for each property and formulate plans to implement.

• Plan for long-term opportunities related to economic development incentives, incentive zones, and emerging opportunities.

• Evaluate master plans for both Industrial Parks for updates and improvements.

EFFECTIVE OPERATIONS STRATEGIES • Employ systems to ensure engagement of qualified and dedicated Staff and Board members to ensure their contributions through effective training and education.

• Manage engagement of Partners to help deliver aspects of the DCOA’s comprehensive responsibilities.

• Implement best practices for policies and financial management systems to ensure future strategic projects are considered, as well as appropriate budgeting, monitoring, recording, and reporting of financial practices.

.: 9 :.

.: 10 :. Business Retention & Expansion

BROADWIND HEAVY FABRICATION CONTRACTED CAPITAL INVESTMENT

JOBS RETAINED

$3.36 MILLION

174

Growing our Community Through upgrading and reconfiguring their current manufacturing facility, as well as adding a weld lab area, the project announced in 2022 will assist in training and retaining their workforce.

The $3.36 million expansion will retain 174 jobs.

Additionally, over the next 10 years, the project is estimated to add more than $200 million in taxes for the City of Abilene, Taylor County, and Abilene Independent School District.

“The project with Broadwind exemplifies our commitment to growth in the community. We cannot be prouder to continue to play a role in retaining and growing local businesses.”

Anthony Williams Mayor City of Abilene

.: 11 :.

BRIDGESTONE BANDAG

Partnerships Built to Last Bridgestone Bandag celebrated their 50th anniversary in Abilene and announced a new project in 2022.

Bridgestone Bandag expanded their operations in Abilene with a $60.3 million investment to build 50,000 square feet adding to their existing 200,000 square foot facility.

Over the next decade, the total estimated indirect and direct impact of the retention and expansion of the company is $1.81 billion.

The expanded facility will enhance the community’s workforce, tapping into a skilled labor force in the manufacturing industry.

“Today we celebrate the growth and commitment of this plant and this community, with new investment and a physical expansion. Our company and our Abilene team have a vital role to play in the transformation of mobility brought forth by a desire of building greener retreads, while helping maximize fuel efficiency for fleets.”

Barry Owens

Senior Vice President Bridgestone Americas Manufacturing Group

.: 12 :. Business Retention & Expansion

Abilene Mayor Anthony Williams, DCOA President & CEO Misty Mayo, and DCOA Team tour Bridgestone Bandag.

.: 13 :.

.: 14 :. Business Retention & Expansion

BWJ METALWORKS $750,000

56

3

Expanding Efforts BWJ Metalworks, a family-owned business with more than 25-years of history in Abilene, will expand their facility in Abilene, Texas.

“Business retention and expansion remains one of our top priorities and we are proud to have BWJ Metalworks continue to invest and grow locally.

Over the next ten years, the total estimated indirect and direct impact of retention and expansion of BWJ Metalworks is $20.9 million.

This is perfect example of the kind of partnerships we build and foster with companies who choose Abilene.”

Misty Mayo

President and CEO DCOA

.: 15 :.

DYESS AIR FORCE BASE

$1.3 MILLION

IN MATCHING GRANTS SINCE 2020 Partners with our Protectors In 2022, the DCOA committed $580,000 in matching funds for Defense Economic Adjustment Assistance Grants for upgrades and improvements at Dyess Air Force Base.

For the last three years, the DCOA has committed more than $1 million in matching grants to improve infrastructure for Dyess Air Force Base. These improvements are critical to positioning Dyess Air Force

Base in such a way that it will continue to increase the value to our nation’s defense and strengthen its position as one of the country’s premier air bases.

The 2022 grants are divided into two portions: $300,000 will upgrade fiber infrastructure to position Dyess Air Force Base for future communication needs with the addition of the new B-21 Raider bomber being housed in Abilene, and $280,000 will bolster security in and around the base to protect the incoming B-21 Raider bomber and its resources.

DCOA President and CEO, Misty Mayo meets Dyess Airmen at the 68th National Security Forum.

.: 16 :. Business Retention & Expansion

.: 17 :.

LANCIUM A Historic Partnership Taylor County, the City of Abilene, and the DCOA announced a historic partnership with Lancium for the development of a $2.4 billion Clean Compute Campus on approximately 800 acres in Taylor County and Abilene. This new development is expected to solidify the region as a major provider of renewable energy, while simultaneously hosting Bitcoin mining

and other energy-intensive applications. Ground breaking occurred in 2022 and will initially contain approximately 100,000 square feet of industrial electric services equipment and data servers.

Over the next 20 years, the project is estimated to generate $993.4 million in total projected economic impact to Taylor County and the City of Abilene and create 57 full-time jobs.

Abilene Mayor Anthony Williams, City Council Members Weldon Hurt, Shane Price, and Donna Albus, Taylor County Judge Downing Bolls, Taylor County Commissioners Chuck Statler, Randy Williams, and Kyle Kendrick, State Representative Stan Lambert, DCOA Board Members Floyd Miller and Jack Rich, and DCOA President & CEO Misty Mayo with Lancium CEO & Co-Founder Michael McNamara and Lancium CTO & Co-Founder Ray Cline

.: 18 :. Business Attraction

.: 19 :.

Representing Abilene The DCOA team represents the Abilene Region across the country. In 2022, we completed more than 30 marketing missions targeting key industries and audiences to showcase Abilene as the premier location to grow business.

We promoted Abilene at industry summits and conferences across the country to represent our region and have strategic discussions in alignment with our mission and vision.

YTexas Summit The DCOA participated in the first ever YTexas Summit in Texas. The DCOA created the “Experience Abilene” Lounge where companies could meet and engage with the DCOA Team and Abilene companies. The DCOA was honored to bring 80 students from Abilene ISD and Wylie ISD to YTexas through the DCOA’s NEXTU Program.

TOTAL SUMMIT ATTENDEES

.: 20 :. Business Attraction

TOTAL COMPANIES IN ATTENDANCE

ABILENE ISD AND WYLIE ISD STUDENT ATTENDANCE THROUGH DCOA’S NEXTU

42

REQUESTS FOR PROPOSALS RESPONDED TO IN FY 2022

34 MARKETING MISSIONS & TARGETED-INDUSTRY MARKETING MISSIONS

TARGETED SITE CONSULTANT DIRECT MAIL CAMPAIGN Leveraging current successes to aggressively market Abilene as the premier location for business expansion with site consultants in Texas and across the nation - “The DCOA is FIRED UP.”

114

SITE CONSULTANTS RECEIVED

.: 21 :.

.: 22 :. Marketing & Brand Management

.: 23 :.

We are Develop Abilene The DCOA is committed to telling Abilene’s story and staying relevant in all areas of our business.

2022 brought many highlights for our marketing and advertising efforts.

We intentionally selected advertising partners like

Texas Monthly, The Techsan, Newsweek, Site Selection Magazine, Expansion Selection Magazine, Area Development, Abilene Reporter News, and more.

Through these marketing efforts, the DCOA reaches more than 2,000,000 readers and subscribers in our targeted industries, site selectors, and business executives from around the world.

DCOA showcased Abilene in Site Selection Magazine.

Site Selection Magazine is the premier internationally circulated business publication highlighting economic development.

.: 24 :. Marketing & Brand Management

DCOA President and CEO Misty Mayo speaks on a panel for Economic Development as Abilene hosted its first Texas Economic Development Corporation’s Regional Business Summit.

.: 25 :.

Abilene City Council, DCOA Board, and DCOA Team welcomed Texas Governor Greg Abbott and Great Lakes Cheese Chairwoman Heidi Eller for a press conference at the Abilene Great Lakes Cheese facility.

.: 26 :. Marketing & Brand Management

.: 27 :.

The New DevelopAbilene.com The dynamic and highly-interactive DevelopAbilene.com website was launched in the first quarter of 2022.

Featuring interactive maps, market intelligence, and available properties, the new DevelopAbilene.com will showcase Abilene as the premier location for site selectors and business executives.

Contacting the DCOA team has never been easier with contact information for the entire team.

All of the DCOA’s most recent press releases, board meetings, and bid packets can be found in the news section of the website.

Visit us today and see why the future is bright in Abilene.

DevelopAbilene.com

.: 28 :. Marketing & Brand Management

Social Media Marketing Social media continues to pave the way to reach audiences.

With our newly launched social media strategy, we are able to provide real-time updates, breaking news, and exciting developments from the DCOA. In 2022 alone, our social media platforms reached more than 250,000 users across all platforms, generating hundreds of thousands of visits to the new DevelopAbilene.com.

We invite you to follow us on LinkedIn, Instagram, and Facebook @DevelopAbilene.

Economic Development Week The International Economic Development Council chooses a week in May to celebrate Economic Development Week and highlight the important role Economic Development plays in building and bettering our communities.

The DCOA participated in this week with a series of videos shared across social media and through email. These videos featured the DCOA team and over a five day period, generated nearly 75,000 impressions, 550 visits to DevelopAbilene.com, and told the story of our mission, vision, and values.

Visit DevelopAbilene.com/EDW to see the DCOA team talk about the importance of Economic Development in Abilene.

.: 29 :.

Strengthening Our Workforce NEXTU Powered by the DCOA, NEXTU is a career empowerment program. The DCOA provides scholarship dollars for students to obtain industry certifications and education opportunities to pursue their future careers.

The DCOA has partnered with the Abilene Independent School District since the inception of NEXTU, and we are proud to welcome Wylie Independent School District and the Big Country Society of Human Resource Management to the program in 2022.

In May of 2022, DCOA President and CEO Misty Mayo spoke alongside Abilene Independent School District Superintendent Dr. David Young and Abilene Mayor Anthony Williams at the NEXTU Graduation Ceremony. At the ceremony, the DCOA was proud to recognize:

10 Graduating Seniors (Class of 2021-2022) 11 Legacy Students (Class of 2019-2020) 40+ students enrolled in the NEXTU Program The DCOA ensures programs are executed to increase the availability and quality of Abilene’s workforce for Type A Businesses of all size.

“NEXTU ensures that the students focus on both the technical aspects of employability and the soft skills that are needed to thrive at any business or company.”

Mark Colman

President Rentech Boiler Systems

.: 30 :. Workforce Development

DEVELOPING TOMORROW’S WORKFORCE TODAY NEXTU

.: 31 :.

The Workforce of Tomorrow DCOA Manufacturing Certification The DCOA created a Manufacturing Certification for the Abilene Region. The custom curriculum is facilitated

by Texas State Technical College, Hardin-Simmons University, and the Texas Manufacturers Assistance Center. In conjunction with a $20,000 matching grant by the DCOA to receive the Texas Workforce Commission’s High Demand Job Training Grant, this will train up to 20 individuals at no cost to the participant.

Workforce Study by Site Selection Group In 2022, the DCOA commissioned a workforce study

by Site Selection Group to provide insight and define opportunities for growth in Abilene’s workforce.

A $35,000 matching grant was committed by the DCOA for the Texas Workforce Commission’s Industry Partnership Grant. Key highlights of strategic recommendations and opportunities include:

HIRED TODAY | EARN TOMORROW Free travel for training.

Company-paid manufacturing certifica tion.

Opportunity for full-time job with tuition benefits upon gaining certification.

Interested? Contact us today!

Recruit and promote existing growth of manufacturing and professional services industries Identify and continue to invest in creative childcare opportunities Identify more ways to formalize and operationalize that transition for exiting airmen Further enhance and invest in education and training

Childcare Study by Crescendo In partnership with the Community Foundation of Abilene for Thrive ABI, the DCOA commissioned a $35,000 childcare study to gain insight and define the main childcare issues our local Type A Businesses face.

.: 32 :. Workforce Development

Abilene’s Inaugural Military Spouse Professional Network In 2022, the DCOA, the Dyess Air Force Base Military and Family Readiness Center and the Military Affairs Committee launched the Military Spouse Professional Network. The network provides spouses of military personnel with career development and networking opportunities.

What’s Next? - Senior Event A day for graduating seniors to assist in developing a plan for life after high school.

Participants included:

105 Students 14 School Districts 15 Employers 6 Post-Secondary Partners

World of Work The DCOA sponsored the World of Work (WOW) event, a career and post-secondary exploration fair for high school students in the Abilene Region.

Participants included:

2,000+ Students 45 School Districts 40 Employers (14 manufacturers) 18 Post-Secondary Partners

Commissioner Aaron Demerson Visit Texas Workforce Commissioner Aaron Demerson visited Abilene to tour local manufacturers and discuss under-served labor populations.

The DCOA invited local Type A companies to a reception to speak with Commissioner Demerson on ways to create and retain a viable workforce.

.: 33 :.

The DCOA owns and operates two business and industrial parks for the benefit of promoting Abilene as the premier location for business expansion. We are leveraging our available sites and land in order to support company growth and expansion.

FIVE POINTS BUSINESS PARK

.: 34 :. Real Estate

ACCESS BUSINESS PARK

FIVE POINTS BUSINESS PARK

Owned and operated by the DCOA

ACCESS BUSINESS PARK

Owned and operated by the DCOA

ABILENE REGIONAL AIRPORT

Hangars owned and operated by the DCOA

$1 MILLION $10 MILLION PARTIAL STREET RECONSTRUCTION AUTHORIZED

2024 - 2028 STREET EXPENDITURE AGREEMENT AUTHORIZED

Agreement with the City of Abilene for the reconstruction of a portion of S 27th Street from Barrow Street to Southwest Danville Drive.

Agreement with the City of Abilene for the improvement of streets to include both Five Points and Access Business Parks.

.: 35 :.

#8 METRO IN THE NATION FOR ECONOMIC* DEVELOPMENT

Site Selection Magazine

Trade & Industry Development

*with populations less than 200,000

.: 36 :. Awards & Honors

Nationally Recognized The DCOA received numerous local, state, and national awards and recognitions for innovative programs and strategies again in 2022.

Recognized for the first time as the 8th Metro in the Nation

by Site Selection Magazine, the DCOA set the standard of excellence for years to come.

In early 2022, the DCOA was also selected as only one of fourteen cities in the country to receive the prestigious Community Impact Award from Trade and Industry Development. This annual award recognizes and honors key projects around the country that promise through influential community impact to help shape the communities in which they are located, and in which they continue to develop and grow.

The DCOA also received two of the top economic development awards in the state of Texas from the Texas Economic Development Council. The Community Economic Development Award for Innovativeness was awarded, and the Exceptional Level of Professional Development and Commitment to Excellence was awarded for the third straight year.

The leadership of the DCOA was also recognized, as President and CEO Misty Mayo was named one of the Top 50 Economic Developers in North America. This award, given by Consultant Connect, recognizes economic developers across North America who were nominated by their colleagues in both the economic development industry and the site consultant community for excellent practices, innovation and success in building the communities they serve.

MISTY MAYO

TOP 50 ECONOMIC DEVELOPER IN NORTH AMERICA

COMMUNITY ECONOMIC DEVELOPMENT AWARD FOR INNOVATION

TOP 14 CITY IN U.S. FOR COMMUNITY IMPACT

Area Development’s annual Gold Shovel Awards recognize states for their achievements in attracting high-value investment projects that will create a significant number of new jobs in their communities. The state of Texas selected ten projects to submit, and the DCOA’s Great Lakes Cheese project propelled Texas as an award winner.

Visit developabilene.com/awards for a full list of our most recent honors.

SUBSTANTIAL NEW PROJECT AND IMPACT GOLD SHOVEL AWARD FOR TEXAS

.: 37 :.

.: 38 :. Effective Operations

Credentials and Certifications The DCOA is committed to represent the Abilene Region across the country and being the best-educated team in the region.

In 2022, more than 16 certificates and credentials have been

CERTIFICATIONS ADDED

16

added to the DCOA Team from accredited organizations like International Economic Development Council and the Texas Economic Development Council.

These include Business Retention and Expansion, Workforce Development, Basic Economic Development Certifications,

DCOA TEAM SALES TAX CERTIFIED

Economic Development Credit Analysis and Finance, and Economic Development Ethics.

Two DCOA team members graduated from Future Leaders Training Program through the Texas Economic Development Council, and all team members became certified in economic development through American Electric Power course for economic development.

Additionally, DCOA team and board members completed the Texas Public Funds Investment Act course through the University of Texas Center for Public Management and Government Treasurer’s Organization of Texas.

The entire DCOA team is committed to learning and

TEDC FUTURE LEADER GRADUATES

2

growing our skills to fulfill our mission.

.: 39 :.

MID-SIZED &

MIGHTY The DCOA is telling the Abilene Region’s story at home and around the world.

We are proud to be members of the Economic Development community and serve in leadership and advisory roles across the state.

.: 40 :. Effective Operations

ORGANIZATIONAL MEMBERSHIPS AND LEADERSHIP THE HIGH GROUND OF TEXAS

TEXAS ECONOMIC DEVELOPMENT COUNCIL

Board Members

Mentorship Program

WEST CENTRAL TEXAS COUNCIL OF GOVERNMENTS Chair, Economic Development Advisory Board

Future Leaders Training Program Communications Committee Conference Committee

TEAM TEXAS

Economic Development Sales Tax Committee

Advisory Board Member

Education Committee

INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL International Advisory Committee

TEXAS MIDWEST COMMUNITIES NETWORK Board Member

Forward Planning Committee Legislative Committee Membership Committee Political Action Committee Workforce Development Committee

TEXAS ECONOMIC DEVELOPMENT CORPORATION INDUSTRIAL ASSET MANAGEMENT COUNCIL

SOUTHERN ECONOMIC DEVELOPMENT COUNCIL

YTEXAS

Silent Auction Chairs

Conference Committee

BUSINESS RETENTION EXPANSION INTERNATIONAL Resource Committee

TEXAS FOOD PROCESSORS ASSOCIATION SITE SELECTORS GUILD Guild Partner

.: 41 :.

FINANCIALS FISCAL YEAR 2022

1.206%

Investment Income

Revenues Sales & Use Tax Lease & Rental Agreements Investment Income Total Revenues

14.414%

$ 14,390,039 $ 2,458,228 $ 205,719 $ 17,053,986

Lease & Rental Agreements

Total Revenues $17,053,986

13.689%

12.583%

84.380%

Administration Operations & Marketing

Property Maintenance & Repairs

Sales & Use Tax

9.665%

Asset Management Property Taxes, Insurance & Utilities

16.802%

Employee Salaries & Benefits

6.113%

Professional & Consulting Services

1.283%

Workforce Development Initiatives

Professional Development - Education and Training Workforce Development Initiatives Professional & Consulting Services Asset Management - Property Taxes, Insurance, & Utilities Property Maintenance & Repairs Administration - Operations & Marketing Employee Salaries & Benefits DevelopAbilene Partner Agreements Fixed Asset Depreciation* Total Expenses

$ 35,350 $ 83,997 $ 400,221 $ 632,782 $ 823,814 $ 896,229 $ 1,100,060 $ 1,178,650 $ 1,395,981 $ 6,547,084

The numbers presented above are unaudited.

0.540%

18.003%

Professional Development Education and Training

DevelopAbilene Partner Agreements

21.322%

Revenue and Expense - Budget vs. Actual Comparison Revenue

2022 Fiscal Year Actual

Sales & Use Tax Lease & Rental Agreements Investment Income Revenue

$ 14,390,039 $ 2,458,228 $ 205,719 $ 17,053,986

Expenses

2022 Fiscal Year Actual

Professional Development - Education & Training Workforce Development Initiatives Professional & Consulting Services Asset Management - Property Taxes, Insurance, & Utilities Property Maintenance & Repairs Administration - Operations & Marketing Employee Salaries & Benefits DevelopAbilene Partner Agreements Fixed Asset Depreciation* Expenses

.: 42 :. Effective Operations

$ 35,350 $ 83,997 $ 400,221 $ 632,782 $ 823,814 $ 896,229 $ 1,100,060 $ 1,178,650 $ 1,395,981 $ 6,547,084

2022 Fiscal Year Budget

$ 12,474,516 $ 983,282 $ 28,391 $ 13,486,189 2022 Fiscal Year Budget

$ 100,000 $ 155,000 $ 500,000 $ 643,500 $ 1,129,800 $ 1,717,440 $ 1,181,270 $ 1,331,413 $ $ 6,758,423

FY 2022 Expense

Business Retention and Expansion Influence business growth in the community.

Broadwind Towers

$ 114,126

Eagle Aviation Services, Inc.

$ 19,500

Dyess Air Force Base (3 Defense Economic Adjustment Assistance Grants)

$ 425,456

Primal Pet Group

$ 549,835

Coca Cola Refreshments

$ 616,356

JTops USA (BE in Abilene)

$ 25,000

Moose Mountain Goods (BE in Abilene)

$ 16,667

Belt Buckle Distillery (BE in Abilene)

$ 25,000

2 Profs Ice Cream (BE in Abilene)

$ 25,000

Funeral Director’s Life Insurance

$ 258,750

Petrosmith (Economic Relief Grant)

$ 502,576

Owens Machine & Tool (Economic Relief Grant)

$ 98,000

Quality Implement

$ 250,000 Workforce Development

Implement innovative workforce initiatives to support Type A Companies.

Texas State Technical College

$ 400,000

Texas Tech University Health Sciences Center School of Public Health

$ 278,776

Real Estate

Prioritize real estate assets that spur Abilene’s future growth.

US Economic Development Administration Grant Project Fulwiler and Marigold Road Improvements

$ 11,163

2022 City of Abilene Street Improvements

$ 257,577

Business Attraction

Promote Abilene as the premier location for business.

Great Lakes Cheese

$ 8,145,879

Vista Flags

$ 20,000

Amazon

$ 337,250 Grand Total $ 12,376,910

The numbers presented above are unaudited.

.: 43 :.

of positive impact FY 1989 - PRESENT CONTRACTED CAPITAL INVESTMENT

$3,339,514,447

.: 44 :. Effective Operations

BRIGHT PAST. BRIGHTER FUTURE. FY 1990-FY 2000

FY 2001-FY 2010

FY 2011-FY 2021

$129,792,333

$139,386,688

$605,920,301

Contracted Capital Investment

Contracted Capital Investment

Contracted Capital Investment

3,762

2,202

2,372

Jobs Created

Jobs Created

Jobs Created

1,260

4,705

3,063

Jobs Retained

Jobs Retained

Jobs Retained

History in the Making The DCOA actively supports new and existing companies in expansion services — creating and retaining several thousand jobs and recruiting the investment of billions of new dollars in the Abilene economy.

The DCOA is fortunate to attract many companies and projects who make an impact on the Abilene Region and people around the world. The following two pages highlight each of those companies and prove that through their commitment:

THE FUTURE IS BRIGHT IN ABILENE.

.: 45 :.

325.677.7241

HOMEABOUT US WHY DATROO? CAREERS CONTACT SU

.: 46 :. Effective Operations

.: 47 :.

ABILENE MARKET INTELLIGENCE - 2022 POPULATION AVAILABLE LABOR BY DRIVE TIME 20-MINUTE DRIVE

40-MINUTE DRIVE

ABILENE MEDIAN AGE

TEXAS MEDIAN AGE

33.8

60-MINUTE DRIVE

2021 RETAIL TRADE AREA POPULATION

35.4

310,244

WORKFORCE ABILENE UNEMPLOYMENT RATE

TEXAS UNEMPLOYMENT RATE

3.6%

4.5%

AVERAGE ANNUAL WAGE HISTORY

2021

2020

$59,228

$59,800

$44,096

$43,797

$64,012

$62,790

$46,215

$45,968

$67,000

$47,411

$47,229

$30,000

$65,923

$60,000

Abilene MSA

Taylor County

Texas

USA

2019

DYESS AIR FORCE BASE AIRMEN EXITING ANNUALLY

600

.: 48 :. Effective Operations

EMPLOYED AT DYESS AIR FORCE BASE

8,170

Sources Include: ESRI, DCOA’s Workforce Study, Bureau of Labor Statistics, Texas LMI, Abilene ISD, Wylie ISD, Eula ISD, Abilene Christian University, Cisco College, Hardin-Simmons University, McMurry University, Texas State Technical College, Texas Tech University Health Sciences Center, FRED Economic Data (St. Louis Fed), The Retail Coach, Texas Comptroller of Public Accounts

EDUCATION 54.1%

8.2%

High School Diploma Equivalent

15.9%

Associates Degree

SIX HIGHER EDUCATION INSTITUTIONS

Masters or Higher Degree

THREE INDEPENDENT SCHOOL DISTRICTS

Abilene Christian University Cisco College

20,193 97.2% 15

Hardin-Simmons University McMurry University Texas State Technical College Texas Tech University Health Sciences Center

13,140

9.0%

Bachelors Degree

K-12 ENROLLMENT GRADUATION RATE

NEXTU CAREER & TECHNICAL EDUCATION PROGRAMS

TOTAL ENROLLMENT POST-SECONDARY

HOUSING UNITS 2020

79,777

2022

81,033

Estimated

2027

82,394

Estimated

QUALITY OF LIFE

2020 2019

COST OF LIVING THAN NATIONAL AVERAGE

2022

2021

$47,923

$57,240

$7,277

2018

16% LOWER

$51,209

17 MIN.

ABILENE SALES TAX REVENUE

BY FISCAL YEAR (IN MILLIONS)

AVERAGE WORK COMMUTE $7,703

$8,132

ABILENE MSA GROSS DOMESTIC PRODUCT

BY FISCAL YEAR (IN MILLIONS)

2020

4.5% Compound Annual Growth Rate

TOP 30 EMPLOYERS BY EMPLOYEE COUNT

ABILENE’S TOP 30 EMPLOYERS

21 OF TOP 30 ABILENE EMPLOYERS HAVE AN ACTIVE OR COMPLETED DCOA CONTRACT

24,029 EMPLOYEES

27,550 TOTAL EMPLOYEES

.: 49 :.

BOARD OF DIRECTORS Sam Vinson

Chair President | Pine Street Capital

Vic Corley

Vice Chair Regional President - West Texas | Lonestar Truck Group

Shea Hall

Secretary and Treasurer Retired West Texas Outreach Director | Senator Ted Cruz Abilene Business Owner

Floyd Miller

Board Member Financial Advisor | FSC Securities Corporation

Jack Rich

Immediate Past Chair Retired President and Chief Investment Officer | Abilene Christian University Investment Management Co.

.: 50 :. DCOA Team & Board

DCOA TEAM

Misty Mayo

Julie Johncox

President and Chief Executive Officer

Executive Vice President Chief Operating Officer

Regi McCabeGossett

Brock New

Controller

Vice President of Business Development

Amy Whitmer

Marissa Ransted

Akane Thaxton

Rick Jones

Ashley Whitmer

Business Retention & Expansion Manager

Workforce Development Manager

Finance Manager

Facilities Manager

Associate Marketing Manager

.: 51 :.

DevelopAbilene.com

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