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BUILDING THE FUTURE ABILENE Partners, Stakeholders, and Community Members,
$3.8 BILLION
The Development Corporation of Abilene continues to make history as the economic development driver for our community. In 2023, the DCOA was recognized with the prestigious Economic Development Organization of the Year award from the International Economic Development Council. This accolade honors our recent achievements and dedication to our community’s growth, establishing Abilene as the premier location for business.
TOTAL 10-YEAR DIRECT & INDIRECT ECONOMIC IMPACT
We continue strengthening our partnership with numerous local, existing companies, securing their commitment to Abilene’s future growth. Guided by the strategic plan initiated last year, our forward-thinking approach and expertise are critical to retaining companies and talent within our city.
$67 MM
The DCOA’s dedication to creating opportunities for local businesses remains unwavering, and I am pleased to showcase the impact of our work in this annual report.
326
“The partnerships and collaborations the DCOA has fostered, the businesses we have attracted and retained, and the impact we have had on Abilene’s economic growth will shape the future of Abilene, building an even stronger and more prosperous community for all.”
Sam Vinson
DCOA Board Chair
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470
Abilene holds tremendous promise for businesses; the DCOA is well-prepared to continue serving a pivotal role in shaping a prosperous future for all. Thank you for your ongoing support and collaboration. Together, we are creating a thriving and prosperous Abilene that is stronger than ever. Building the future Abilene together,
Misty Mayo, MEDP
President & CEO Development Corporation of Abilene .: 4 :.
Contracted Capital Investment
Fiscal Year 1990 Fiscal Year 2000
Fiscal Year 2001 Fiscal Year 2010
Fiscal Year 2011 Fiscal Year 2023
$129,792,333
$139,386,688
$3,137,335,426
Contracted Capital Investment
Contracted Capital Investment
Contracted Capital Investment
3,762
2,202
2,783
Jobs Created
Jobs Created
Jobs Created
1,260
4,705
3,942
Jobs Retained
Jobs Retained
Jobs Retained
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$3.4 BILLION
Jobs Created
8,700+
Jobs Retained
9,900+
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The DCOA since 2019
$2.8 BILLION TOTAL CAPITAL INVESTMENT
COMPANY COMMITMENTS TO THE COMMUNITY - CONTRACTED CAPITAL INVESTMENT
31 OF 37 PROJECTS
“From the local jobs we bring, to the local people we employ, train, and upskill—our business is made up of people from communities like Abilene. There are now over 70,000 Texans working at Amazon, and we’re excited to be growing our workforce in Abilene.”
Jessica Breaux
Manager of Economic Development Amazon
CONTRACTED WITH LOCAL, EXISTING COMPANIES
$17.1 BILLION
10-YEAR ESTIMATED DIRECT AND INDIRECT ECONOMIC IMPACT OF ALL COMPANY PROJECTS
$1.5 MILLION
AWARDED TO 4 PROJECTS FOR DYESS AIR FORCE BASE
“We celebrate the growth and commitment of this Abilene plant and Abilene community, with new investment and a physical expansion driven by growing demand for our products and, just as fundamentally, by Bridgestone Bandag’s commitment to delivering innovation and superior quality for our customers here and around the world.”
Chris Daniel
Executive Director Bandag Manufacturing, Bridgestone Americas
Source: Impact Dashboard - Economic Impact Modeling *These figures represent executed contract commitments.
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The DCOA’s Economic Key Takeaways Rising Gross Domestic Product (GDP), increasing personal income, declining unemployment, and a robust housing market all signal Abilene’s positive trajectory.
Robust GDP Growth
Economic Diversification
Growing Housing Market
Sustained Economic Development
Vibrant Employment Climate
Increasing Wages and Income
Abilene MSA Market Intelligence Dashboard Metropolitan Statistical Area (MSA) Change From Prior Year*
Economy $8.8 Billion
$52,413
$85.8 Million
0.62%
Exports
10-Year Annual Compound Population Growth
+7% Increase
+37% Increase
+0.83% Increase
1.1%
360%
Total Gross Domestic Product
Real Per Capita Personal Income
+8% Increase
Workforce
127,385 Total Population for the City of Abilene
3.73%
$255,000
Annualized City of Abilene Unemployment Rate
City of Abilene Median Home Sales Price
$52,413
Total Abilene Metropolitan Statistical Area (MSA) Population
Abilene Metropolitan Statistical Area (MSA) Real Per Capita Personal Income
Sources: US Census Bureau, Texas Workforce Commission, Bureau of Economic Analysis *Reflects the most recent available data from 2022 and 2023.
Civilian Labor Force
Employment Annual Growth Rate
+1.8% Increase
Increase in 5-Year Net Migration
9.4%
Increase in Average Weekly Wage
Livability
179,308
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80,976
For more information, and our complete market intelligence profile, scan the QR code or visit developabilene.com/market-intelligence.
63.5%
87.3%
4%
51%
Of Population Lives Within 1 Mile of Public School
Percent of Households with Internet Access
Increase in Average Home Price
Lower Median Home Price than National Median Home Price
19.4 percentage points higher than National Average
7.3 percentage points higher than National Average
Average Home Price of $278,000
Median US Home Price $431,000
Sources: US Census Bureau, Bureau of Labor Statistics, Bureau of Economic Analysis, Centers for Disease Control *Reflects the most recent available data.
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Economy
Export Output from Abilene, Texas
Gross Domestic Product (GDP) is the total value of all goods and services produced, reflecting the economic health of the Abilene MSA (Metropolitan Statistical Area).
Asia-Pacific Economic Cooperation: $60.8 million
Abilene MSA Gross Domestic Product Growth
Free Trade Agreement: $52.3 million
10,000
United States-Mexico-Canada Agreement: $33.3 million
9,469
South America: $10.4 million
In Millions $
9,000
Asia: $10.3 million
8,000
European Union: $8.9 million
7,000
6,222
Dominican Republic-Central America Free Trade Agreement: $1.1 million
6,827
6,000
30%
Increase in GDP Since 2018
5,368 5,000
4,000
3,805
90
Abilene, Texas - Exports Per Year
85
Metropolitan Statistical Area (MSA)
$85.84
84.5% Increase Since 2018
80
Year 2002
2007
Federal Reserve Economic Data
2012
2017
2022
5-Year Change in Gross Domestic Product (GDP)
5-Year Change in Exports
Personal Income
Increase in Population from Last Year
2018 - 2022
2018 - 2022
2020 - 2021
2021 - 2022
In Millions $
3,000
75 70
3 9. $3
65
ON
I LL
BI
$62.58
60
$60.44
55
30%
33%
25%
84% 37%
54%
18%
7%
4%
3%
0.83%
1.59%
0.38%
$53.44
50 $46.53
Abilene
Texas
U.S.
Abilene
Texas
U.S.
Abilene
Texas
U.S.
Abilene
Texas
U.S.
45 2018
Sources: International Trade Administration, Federal Reserve Economic Data, US Census Bureau Reflects the most recent available data.
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Source: International Trade Administration, 2022 Reflects the most recent available data.
2019
2020
2021
2022
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Workforce
Livability
5-Year Change in Civilian Labor Force
Labor Force Participation Rate
Employment Annual Growth Rate
Increase in Average Weekly Wage from Last Year
2017 - 2022
2022 - 2023
2023
2022 - 2023
6.0%
6.9%
66%
63%
62%
1.4% Abilene
Texas
2.5%
4.3%
3%
5%
6%
Texas
U.S.
Abilene
Texas
U.S.
Average Home Price Increase from Last Year
Average Commute Time to Work
2022 - 2023
in Minutes
Abilene 4% Texas 3% United States 0.6%
Abilene Texas United States
14.7 26.7 26.4
Percent of Children Living within 1 Mile of Public School Abilene 63.5% Texas 70.8% United States 44.1%
1.1%
U.S.
Abilene
Texas
U.S.
185,000
Abilene MSA Population
Abilene
179,308
165,000
Households with Internet Access Abilene Texas United States
87.3% 73.1% 80.0%
Population Living in Poverty Abilene Texas United States
12.2% 13.4% 13.7%
Population
145,000 120,000
115,930
105,000
90,368
policies, skilled workforce, and quality of life make it an ideal setting for our corporate headquarters. The Abilene economy is strong, and we value the collaborative efforts of DCOA in fostering an environment that benefits our bank and contributes to the overall success and growth of Abilene and West Texas.”
85,000 65,000
26,612
45,000 25,000 0
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“First Financial has been proud to call Abilene home since 1890. The city’s unique blend of business-friendly
Year 1890
1910
Sources: Bureau of Labor Statistics & United States Census Bureau *Reflects the most recent available data.
1935
1960
Scott Dueser
Abilene Metropolitan Statistical Area (MSA)
1985
2010
President and CEO First Financial Bankshares, Inc.
2022 Sources: US Census Bureau & Centers for Disease Control *Reflects the most recent available data.
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ECONOMIC DEVELOPMENT STRATEGIC PLAN OBJECTIVES & STRATEGIES 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
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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.
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SUSTAINABILITY IN ABILENE
BUSINESS RETENTION & EXPANSION
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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.
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HENDRICK HEALTH Hendrick Health, a 100-year healthcare system headquartered in Abilene, expanded their back office and warehouse operations at the new Hendrick Health Service Center. This adaptive reuse of 158,000 square
“Our commitment to providing exceptional healthcare services to our patients is unwavering, and our partnership with the Development Corporation of Abilene to expand our back office and warehouse operation is another step in this direction.”
feet at the Mall of Abilene will expand Hendrick’s operations, showcasing Abilene’s commitment to innovative solutions for existing, local companies. In partnership with the DCOA, Hendrick committed a total $24.5 million capital investment to retain and create jobs. The DCOA projects a $420 million total direct and indirect economic impact over the next decade from Hendrick Health’s two most recent projects. This strategic expansion solidifies Hendrick Health as a key regional healthcare system and enhances healthcare services for Abilene residents. Total Contracted Capital Investment
Contracted Capital Investment, 2023 Project
Jobs Retained
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Jobs Created
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PACTIV EVERGREEN The Abilene Pactiv Evergreen facility, established in 2006, manufactures products that support the company’s food service sector. Products include packaging for foods in grocery stores and restaurants throughout North America. The partnership between Pactiv Evergreen and the DCOA exemplifies the collaborative efforts that contribute to economic vitality in Abilene, Texas. The investment in Pactiv Evergreen sustains jobs in local manufacturing while enhancing the overall appeal of Abilene as the premier destination for businesses.
Contracted Capital Investment Since 2006
$13.6 MILLION New two-year agreement.
Pactiv Evergreen manufactures food service packaging in Abilene
238,200 SQUARE FEET In a DCOA-owned facility.
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PRIMAL PET GROUP Specializing in the manufacturing of freeze-dried pet food, Primal Pet Group is the leading producer in its industry. By purchasing the existing building at Five Points Business Park, the company has completed its 2015 commitments a year earlier than scheduled. Additionally, Primal expanded their manufacturing operations with the construction of a new building. This new contract represents Primal’s commitment of $15 million in addition to their previous investment commitments in Abilene, Texas.
Contracted Capital Investment
$15 MILLION Jobs Retained
119
Contracted Payroll
$9.2 MILLION
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EAGLE AVIATION SERVICES, INC. Sustaining Partnerships
Abilene Regional Airport The DCOA commissioned The Perryman Group to evaluate the economic impacts of Eagle Aviation Services, Inc. (EASI) as it relates to EASI’s Maintenance, Repair, and Overhaul (MRO) operation in Abilene. EASI’s operations produce the following projected impacts in Abilene:
Eagle Aviation Services, Inc. (EASI) has the ability to service various commercial aircraft in its twenty-four-hour, seven-day-a-week operation. EASI’s workforce, comprised of more than 350 workers, are airframe and powerplant licensed mechanics with the remainder working in the parts and record department, production control, and management positions. Through DCOA’s efforts and partnership with EASI, a new five-year contract was executed, sustaining the partnership established to focus on EASI’s Maintenance, Repair, and Overhaul (MRO) operation in Abilene.
The DCOA contracted Ricondo & Associates to complete a comprehensive market study on the 225,000+ square feet of airport facilities across six buildings utilized by Eagle Aviation Services Inc.’s Maintenance, Repair, and Overhaul operation. The DCOA owns four hangars, a parts and body building, and manages an additional city-owned hangar at the Abilene Regional Airport to support Eagle Aviation Services Inc.’s growth.
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DYESS AIR FORCE BASE Dyess Air Force Base, a cornerstone of the Abilene community, plays a pivotal role in Abilene’s economic and social fabric. The DCOA’s collaboration with Dyess Air Force Base extends beyond a shared geography; it’s a testament to the profound impact Dyess Air Force Base has on Abilene’s workforce, economy, and overall resilience. The DCOA actively engages in initiatives that enhance the partnership between Dyess Air Force Base and the Abilene community. This includes workforce development programs tailored to the unique skills and expertise of military personnel and their families.
Employed at Dyess Air Force Base
Per Year Transitioning to Civilian Workforce On Average
$1.5 MILLION
IN DCOA MATCHING GRANTS SINCE 2020
IN DCOA-FUNDED PROJECTS THE PAST TEN YEARS
DCOA-funded matching grant projects approved to support Dyess Air Force Base in the past ten years. .: 27 :.
The DCOA awarded a $300,000 matching grant for Dyess Air Force Base for fiber optic and 5G upgrades with a Defense Economic Adjustment Assistance Grant.
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Welcome Home The DCOA Team and Board members proudly welcomed Great Lakes Cheese founder Hans Epprecht, CEO Dan Zagzabaski, along with their key partners to Abilene. Great Lakes Cheese has completed its primary commitment by opening their 286,500 square foot, state-of-the art packaging facility in November 2022.
Growing Together Great Lakes Cheese Leadership led Abilene City Council Members, DCOA Board and Team Members on a tour through the newly-constructed Abilene facility.
“Great Lakes Cheese’s expansion into Texas represents our dedication to provide exceptional service to our customers. We look forward to investing in this great Abilene community and our Abilene employee-owners.”
Dan Zagzebski
President and CEO Great Lakes Cheese Corporation
The DCOA with the Great Lakes Cheese Project were one of 14 projects recognized nationally for Community Impact. .: 29 :.
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Continued Commitment
Texas Tech University Health Sciences Center at Abilene
Texas State Technical College (TSTC) Renowned for its emphasis on applied learning and technical education, TSTC equips students with the practical skills demanded by today’s industries. The DCOA engages in partnerships that require diligence and commitment to oversee, maintain compliance, and ensure Abilene’s prosperity. When a contract is executed between the DCOA and a partner like TSTC, the engagement is for the long-term benefit of the Abilene community. Since 2016, the DCOA has allocated a total of $4.1 million to aid the construction of TSTC’s $16 million campus. The DCOA’s partnership with TSTC is contracted to continue through 2028. The DCOA maintains its dedication to support vital educational institutions like Texas State Technical College in Abilene by collaborating to enhance TSTC’s commitment to expanding learning opportunities for students in Abilene.
The Texas Tech University Health Sciences Center in Abilene fosters both the educational and economic landscape of the community. With its diverse range of healthcare programs, including nursing, pharmacy, and public health, the center is instrumental in producing a skilled workforce that meets the region’s growing healthcare needs. Beyond education, the center actively engages in cutting-edge research, contributing to Abilene’s emergence as a hub for healthcare innovation. This academic and research focus elevates the city’s status in the health sciences and attracts talent and funding, thereby stimulating economic growth. Since 2018, the DCOA has committed over $5.8 million through a partnership with Texas Tech University Health Sciences Center on three expansion projects. The School of Public Health’s agreement was fulfilled in Fiscal Year 2023.
“The visionary leadership in Abilene and the support from the Development Corporation of Abilene has resulted in continued compelling collaboration and success for both the Abilene
“The success of TSTC in Abilene stems from the long-standing support from the community and the Development Corporation of Abilene. This unwavering support has allowed us to equip Abilene’s
community and Texas Tech University Health Sciences Center. Together, we are advancing health and healthcare throughout the region and the state. None of this would be possible
future workforce with the practical skills needed for success. Together, TSTC and the DCOA are driving growth, innovation, and prosperity for our community.”
without the backing of the DCOA and community leadership.”
Andy Weaver
Provost Texas State Technical College West Texas
TSTC’s New Industrial Technology Center in Abilene The new 48,000 square foot campus expansion will enhance the campus’ ability to train students in the latest advances in diesel, electrical lineworker, HVAC and plumbing technologies. The DCOA committed $4 million dollars to support the original campus in 2016.
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Gerard E. Carrino, Ph.D., MPH
Dean Texas Tech University Health Sciences Center School of Public Health
School of Pharmacy
School of Nursing
School of Public Health
$2.1 MILLION
$1.8 MILLION
$1.9 MILLION .: 32 :.
325.677.7241
The DCOA works to build the strongest Company Partnerships with prospective and existing companies who choose to build their business in Abilene.
HOMEABOUT US WHY DATROO? CAREERS CONTACT SUPPORT
SUPPORT
FROM PROSPECT TO PARTNER Each Contract is Just the Beginning We view each contract as a starting point for a lasting partnership. With 30 active projects, the DCOA’s commitment to partner companies extends beyond agreements; emphasizing compliance and a shared journey toward success. Explore some of our ongoing projects, where strategic execution and compliance form the backbone of our partnerships, building a foundation for sustained growth.
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30
ACTIVE DCOA CONTRACTS
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CAPABILITY IN ABILENE
BUSINESS ATTRACTION
.: 35 :.
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.
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ABI WINDOWS Contracted Capital Investment
Jobs Created
ABI Windows, a second-generation family-owned manufacturer, marked the 8th largest project in the DCOA’s 34-year history. In the heart of the DCOA’s Five Points Business Park, ABI Windows is set to construct a stateof-the-art facility, leveraging Abilene’s prime location, available space, and supportive business environment. The project is a testament to Abilene’s appeal to businesses nationwide, showcasing its allure as a hub for growth and development. The ABI Windows project is more than an investment; it’s a collaborative endeavor shaping Abilene’s economic landscape, tapping into the city’s skilled labor force and reinforcing its position as the premier destination for manufacturing ventures in the south-central United States. This strategic partnership between the DCOA and ABI Windows sets the stage for continued economic prosperity and growth in Abilene.
“We are excited to join and invest in the Abilene community. We chose Abilene for our new facility because of its ideal location, quality workforce, and the opportunity for future growth. We look forward to expanding into this great community.”
Benjamin Rawson President ABI Windows
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“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
BRIDGESTONE BANDAG Bridgestone Bandag, celebrating over 50 years as a manufacturer in Abilene, held a groundbreaking for their 2022 expansion project. This tire retread plant expansion exemplifies the success that emerges from strategic collaboration between local existing companies and the DCOA. With roots deeply embedded in Abilene’s community, Bridgestone Bandag’s commitment to the region is both enduring and dynamic. The DCOA, aligning with its mission to attract and sustain industries, has been an instrumental partner in supporting Bridgestone Bandag’s growth initiatives and sustainability efforts.
2022 Contracted Capital Investment
Jobs Created
Jobs Retained
The total investments in ongoing projects by the DCOA generate a 72.4% annual return to local taxing authorities. This is an example of how the tax revenue from projects like this could result in the funding of ~8.5 city firetrucks or other vital services.
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Developing Abilene
A Competitive Analysis for Abilene The Development Corporation of Abilene engaged Site Selection Group to conduct a year-long comprehensive economic development competitive analysis to benchmark Abilene's target industries, competitive cities, and Abilene’s ability to attract corporate investment.
Attracting and Leading Businesses to Abilene Targeting events like SelectUSA Foreign Direct Investment Summit, industry tradeshows, site selection consultant events, and targeted-market missions has been a cornerstone of the DCOA’s strategic business attraction approach. These marketing missions create invaluable opportunities to engage prospective companies and site selection consultants to highlight the unique advantages Abilene offers to companies seeking to expand or relocate. The DCOA fosters meaningful relationships and actively promotes the region’s vibrant business environment to attract corporate investment and create new jobs for the Abilene community.
The recommendations in the analysis seamlessly integrate into the DCOA’s Strategic Plan, aligning with the company’s mission to drive economic growth and prosperity in Abilene.
ABILENE’S TARGET & EMERGING INDUSTRIES
Manufacturing WESTEC Trade Show New York Promotional Mission
ADVANCED MANUFACTURING
RESEARCH & DEVELOPMENT
FOOD MANUFACTURING
AEROSPACE & AVIATION
MILITARY & GOVERNMENT CONTRACTING
BACK OFFICE & PROFESSIONAL SERVICES
CORPORATE HEADQUARTERS
Team Texas California Mission
60
Business Attraction Mission Examples
Business Attraction Missions Consultant Connect Summit Highground of Texas Consultant Summit SelectUSA Foreign Direct Investment Summit
28
HEALTHCARE & LIFE SCIENCES
Modeling Economic Impact in the Region The DCOA commissioned Ray Perryman and The Perryman Group to evaluate how the DCOA models the economic impact of projects:
Request for Proposal Responses
“Our assessment indicates that the current approach used by the DCOA offers an appropriate mechanism for the initial evaluation of potential projects.” .: 41 :.
“To the extent that the purchases by the business result in taxable sales, the approach that the DCOA uses is conservative.” .: 42 :.
Dynamic Intelligence DevelopAbilene.com Delve into Abilene’s dynamic economic landscape with precision and expertise through the extensive market intelligence and economic insights showcased on DevelopAbilene.com. In collaboration with industry leaders like REsimplifi, the DCOA curates essential economic data and real-time real estate resources vital for companies contemplating relocations and expansions. For a current and reliable perspective on Abilene’s economic potential, market intelligence, and strategic real estate offerings, explore DevelopAbilene.com. As the Abilene economic development driver, the DCOA provides site selectors and companies with the knowledge and tools essential for strategic decision-making and sustainable growth.
.: 43 :.
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MARKETABILITY
IN ABILENE
THE DCOA
I S THE 2 023
MARKETING & BRAND MANAGEMENT
.: 45 :.
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. .: 46 :.
Internationally Awarded
Awards Received Since 2019 COMMUNITY IMPACT AWARD | GREAT LAKES CHEESE Trade and Industry Development
DEAL OF THE YEAR - IMPACT AWARD | LANCIUM 2023 brought five prestigious awards from the International Economic Development Council (IEDC), including Economic Development Organization of the Year. These accolades affirm our unwavering commitment to excellence in economic development. The awards reflect the culmination of hard work, strategic vision, and effective collaboration within the DCOA Team. These awards underscore our success in advancing the economic prosperity of the Abilene community.
Business Facilities
MISTY MAYO | TOP 50 ECONOMIC DEVELOPER IN NORTH AMERICA Consultant Connect
CORPORATE INVESTMENT AWARD | LANCIUM Trade and Industry Development
GOLD SHOVEL AWARD | DCOA PROJECT CONTRIBUTING TO TEXAS’ WIN AreaDevelopment
ECONOMIC EXCELLENCE RECOGNITION Texas Economic Development Council
COMMUNITY ECONOMIC DEVELOPMENT AWARD | GREAT LAKES CHEESE Innovativeness - Texas Economic Development Council
#8 IN THE NATION FOR TOP METROS RANKING BY TOTAL PROJECTS Site Selection Magazine
COMMUNITY ECONOMIC DEVELOPMENT AWARD | HARTMANN’S INC. Community Commitment and Leverage - Texas Economic Development Council
.: 47 :.
.: 48 :.
DCOA President and CEO Named Top 50 Economic Developer in North America
DCOA President and CEO Misty Mayo accepted the award as one of North America’s Top 50 Economic Developers by Consultant Connect.
Mi var an ser the for org
This prestigious recognition reflects Misty’s dedication and transformative leadership in Abilene and the economic development professional community.
Mi as w
Nominated by colleagues in both the economic development and site selection consulting professions, this award is a testament to her significant contributions to the field of economic development.
“Being awarded the title as one of the Top 50 Economic Developers in North America is an enormous honor. This recognition represents more than the achievements in my professional career; it represents building an award-winning team of economic development professionals who continue to drive our mission every day. We continue to leverage our historic success, and I am grateful for the vision and leadership of the DCOA’s Board of Directors.”
Misty Mayo
President and CEO Development Corporation of Abilene
.: 49 :.
With more than 30 years of executive leadership and 20 years of proven economic development success, Misty continues her commitment to economic development in Abilene and the State of Texas. As an active member of the Texas Economic Development Council, Misty was elected to the Board of Directors as Treasurer. Misty also serves on the Advisory Board for Team Texas, further highlighting her strategic vision and expertise in steering organizations towards success. Since Misty’s tenure began in 2019, the DCOA has executed 37 expansion projects with company capital investment commitments of more than $2.8 Billion. .: 50 :.
Promoting Abilene, Texas In 2023, the DCOA launched an innovative video campaign designed to showcase Abilene’s exceptional business climate and diverse economic landscape. These videos offer a comprehensive overview, highlighting the region’s strategic location, thriving industries, and the abundant opportunities available for business growth and success. The campaign aims to attract companies and skilled professionals, further positioning Abilene as an ideal destination for economic development and innovation. Scan the QR code to see our award-winning digital videos in action.
Choosing to call Abilene home allows companies to collaborate with four universities and state-of-the-art technical training facilities for high school and college students to build the best workforce pipeline in the country.
Watch Why Abilene is Mid-Sized & Mighty
Explore the endless possibilities at DevelopedinABI.com
The 2022 Rewind The Future is Bright in Abilene, Texas Abilene’s Workforce in Action Quality of Life in Abilene .: 51 :.
WATCH THE VIDEOS
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Marketing Abilene Worldwide The DCOA selected local and national advertising publications to showcase Abilene as the premier destination for business as well as the award-winning efforts of the DCOA Team, County, and City. More than 100 million advertising impressions were generated from these intentional efforts.
THIS IS ABILENE.
THIS IS ECONOMIC DEVELOPMENT.
3.1 MILLION 50 STATES 100 MILLION Publication Subscribers
National Readership
Impressions Generated
Economic Development Week is celebrated May 9 - May 13 across communities in North America. We are committed to building the future of Abilene.
The Future is Bright in Abilene.
Learn more at developabilene.com/edw
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Global Investment Profiles The DCOA was featured in several world-wide investment profiles from Business Facilities, to EliteReports by Newsweek, and Trade and Industry. With a national and global audience, these profiles provide critical information and highlight Abilene as the premier destination for business.
Visit DevelopAbilene.com/Profiles or scan the QR Code to read all available DCOA profiles.
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DEPENDABILITY IN ABILENE
Implement innovative workforce initiatives to support Type A Companies.
WORKFORCE DEVELOPMENT
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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. .: 58 :.
DCOA’s NEXTU
Grants for Career and Technical Education The DCOA works to enhance training in career & technical education programs offered through the DCOA’s NEXTU Program. Both Abilene ISD and Wylie ISD received match funding for equipment and infrastructure through the DCOA’s NEXTU.
The DCOA’s NEXTU Program partners with Abilene ISD, Wylie ISD, and Big Country Society for Human Resource Management to enhance workforce training opportunities to create a pipeline of skilled local employees prepared to meet the demands of Abilene-based employers. From 2022 to 2023, the program has grown 61% for dual credit enrollment at Abilene ISD and Wylie ISD. The DCOA is committed to providing equipment and infrastructure that contributes to the future success of NEXTU students who are striving to live and work in Abilene. The DCOA’s NEXTU Program grows Abilene’s talent pipeline, enabling students to earn industry certifications and gain hands-on, job-ready experience as they prepare to enter Abilene’s workforce.
2023 NEXTU Graduation
19
53%
ENTERED THE WORKFORCE
5%
ENTERED THE U.S. MILITARY
42%
CONTINUED EDUCATION AT A LOCAL UNIVERSITY
NEXTU Branding Competition The DCOA conducted a month-long branding competition for NEXTU students at Abilene ISD and Wylie ISD schools. More than 130 students participated submitting and pitching 75+ logos and brand guides to DCOA leadership. Two winning groups, consisting of four students from Abilene ISD and Wylie ISD, received micro-internships and laptop computers. This initiative showcased students’ design skills, fostered pride in shaping NEXTU’s image, and highlighted the DCOA’s commitment to investing in the workforce of tomorrow.
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Industry Tours for Collaboration The DCOA facilitates Industry Tours to promote collaboration between industry and education to build a stronger pipeline for Abilene’s future workforce. More than 50 Abilene ISD representatives, including Abilene ISD Superintendent, Board of Trustees, and Educators toured local Abilene manufacturers and major employers alongside the DCOA Team.
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Preparing Tomorrow’s Workforce The DCOA works to initiate new, innovative approaches to broaden workforce capacity, seeking to support existing and future Type A Companies. By sponsoring the World of Work Youth Expo, the DCOA had the goal to expose, educate, and engage students with future careers and training opportunities.
The DCOA continues to reinforce its commitment to supporting the transition of Airmen from active duty to the civilian workforce. In 2023 the DCOA launched From Active Duty to Active Career events that provide information encompassing various aspects of professional life beyond the military, including resume building, interview skills, and navigating the local job market. Local primary employers joined the inaugural events, and provided an integral role in this initiative, seizing the opportunity to introduce themselves to the transitioning Airmen. These interactions provide a platform for the Airmen to network, explore career options, and engage with diverse sectors of Abilene’s professional landscape.
13,500+
POST-SECONDARY STUDENTS IN ABILENE MSA
Home to four universities, a technical college, and a community college, Abilene boasts the necessary education to support future industry needs. The DCOA works with Abilene’s education leaders and local businesses to build the future workforce of Abilene. .: 63 :.
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The DCOA’s Childcare Study In an effort to help Abilene address increasing needs related to the national childcare shortage, the DCOA funded an in-depth childcare study in collaboration with the Community Foundation of Abilene. The DCOA promoted a needs assessment survey through social media and email marketing and commissioned Crescendo Consulting Group to conduct the childcare study that defines challenges that major employers face in Abilene. The study was distributed to primary employers (Type-A Businesses) in Abilene as part of the DCOA’s Business Retention and Expansion Efforts.
500+
SURVEY RESPONSES
50
COMPANIES & ORGANIZATIONS PARTICIPATED
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AVAILABILITY IN ABILENE
REAL ESTATE
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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.
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Sites and Infrastructure
COMPETITIVE IMPROVEMENTS DCOA-FUNDED STREET IMPROVEMENTS AUTHORIZED TO CITY OF ABILENE
FIVE POINTS BUSINESS PARK
In total, the DCOA has approved $18.5 Million to the City of Abilene for street improvements since 2019.
Owned and operated by the DCOA
ACCESS BUSINESS PARK
Owned and operated by the DCOA
DCOA SECURED MATCHING ECONOMIC DEVELOPMENT ADMINISTRATION GRANT The DCOA secured a matching federal economic development administration grant to pay the City of Abilene for Fulwiler & Marigold Road expansions in the DCOA-owned Five Points Business Park.
The improvement of streetlights, parking lots, and trucking & maneuvering areas at both Five Points and Access Business Parks.
410,000+ SQUARE FOOT BLUE CROSS BLUE SHIELD PARKING LOT IMPROVEMENT A Business Retention & Expansion Project.
ABILENE REGIONAL AIRPORT
Hangars owned and operated by the DCOA
The DCOA owns and operates two business and industrial parks for the benefit of promoting Abilene as the premier location for business expansion. The DCOA is leveraging its available sites and land in order to support company growth and expansion. Scan the QR code above to see the DCOA’s available sites and properties. .: 69 :.
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DCOA TEAM ORGANIZATIONAL MEMBERSHIPS AND LEADERSHIP
MID-SIZED &
MIGHTY The DCOA is telling the Abilene Region’s story at home and around the world. We are proud to be leaders of the Economic Development community and serve in leadership and expert roles across the state and country.
TEXAS ECONOMIC DEVELOPMENT COUNCIL Board Treasurer Mentorship Program Future Leaders Training Program Communications Committee Conference Committee Texas Certified Economic Developer Committee Education Committee Forward Planning Committee Legislative Committee Membership Committee Political Action Committee Workforce Development Committee
“We are fortunate to have a partnership like we do with the DCOA. Our brightest days are ahead because of the benefits and business landscape in Abilene allowing us to operate from West Central Texas to the rest of the world.”
Jason Hodges
SOUTHERN ECONOMIC DEVELOPMENT COUNCIL BIG COUNTRY MANUFACTURING ALLIANCE Board Member
TEXAS FOOD PROCESSORS ASSOCIATION SITE SELECTORS GUILD Guild Partner
TEXAS ECONOMIC DEVELOPMENT CORPORATION THE HIGH GROUND OF TEXAS Board Member
WEST CENTRAL TEXAS COUNCIL OF GOVERNMENTS Chair, Economic Development Advisory Board
TEAM TEXAS Advisory Board Member
INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL International Advisory Committee
TEXAS MIDWEST COMMUNITIES NETWORK Board Member
YTEXAS BUSINESS RETENTION EXPANSION INTERNATIONAL Resource Committee
INDUSTRIAL ASSET MANAGEMENT COUNCIL Membership Engagement Committee
Owner Chike Nutrition Corporation
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Economic Development Expenses
Financials Fiscal Year 2023
Most contracts between the DCOA and partner companies are structured with a performance-based reimbursement model. Following the initial contract date (notated below in parenthesis), companies undergo a thorough evaluation based on predetermined deliverables and monies are distributed upon successful completion of the agreed-upon milestones.
3.545%
Investment Income
$100,000 $31,394 $92,217 $172,988 $5,497,568 $33,333 $25,000 $258,750 $25,000 $1,333,333 $25,000 $150,000 $586,000 $114,126 $46,354 $50,000 $136,601 $9,750
Marigold & Fulwiler Street Upgrades (2022) Access Business Park Street Lights (2023) DCOA-Funded Street Improvements Authorized to City of Abilene (2018) Five Points — Upgrades to Building & Truck Maneuvering Areas (2023)
$134,388 $63,138 $1,088,858 $1,720,920
Marketing & Operations/ Administration
2023 Revenue - Budget vs. Actual Comparison Revenue Sales & Use Tax Lease & Rental Agreements Investment Income Revenue
Expenses Professional Development - Education & Training Workforce Development Initiatives Professional & Consulting Studies and Services Asset Management - Property Taxes, Insurance, & Utilities Property Maintenance & Repairs Strategic Network Contractual Agreements Employee Salaries & Benefits Marketing & Operations / Administration Expenses
BWJ Metalworks (2022) Dyess Air Force Base/Matching Grant Joint Land Use Study (2022) Dyess Air Force Base/Matching Grant 5G and Fiber Optic Upgrades (2022) Primal Pet Group (2022) Primal Pet Group (2015) Moose Mountain Goods (2020) Belt Buckle Distillery (2020) Funeral Directors Life Insurance Company (2020) JTOPS USA (2018) AbiMar Foods (2020) 2 Profs Ice Cream (2020) United Ag & Turf (formerly known as Quality Implement) (2021) NEXT Lab at ACU (2021) Broadwind Towers (2016) Sockdolager (2019) Pappy Slokum (2018) Blue Cross Blue Shield (2022) Eagle Aviation Services (2019)
Lease & Rental Agreements
Professional & Consulting Studies and Services
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$8,000,000 $758,000 $80,000 $20,000
18.125%
Total Revenues $19,674,812
Fixed Asset Depreciation
Great Lakes Cheese (2021) ABI Windows (2023) Bavarian Polymers (2020) Vista Flags (2021)
2023 Fiscal Year Actual
$ $ $ $
15,411,389 3,565,992 697,431 19,674,812
2023 Fiscal Year Actual
$ $ $ $ $ $ $ $ $ $
63,784 244,832 359,899 559,248 1,034,673 1,122,709 1,279,737 1,384,954 1,428,874 7,478,710
2023 Fiscal Year Budget
$ $ $ $
14,633,392 3,285,529 129,380 18,048,301
2023 Fiscal Year Budget
$ $ $ $ $ $ $ $ $ $
100,000 400,000 425,000 724,774 1,129,800 1,271,959 1,984,085 1,582,602 7,618,220
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ABILITY IN ABILENE
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The DCOA’s Strategic Network As Abilene’s economic driver, the DCOA wholly or partially funds a strategic network that aligns with the DCOA’s mission and objectives. Operating as a standalone 501(c)(3) not-for-profit, the DCOA leads the economic development strategies and priorities for the community. The organizations within the DCOA’s Strategic Network include the City of Abilene, Abilene ISD, Wylie ISD, Small Business Development Center, the Military Affairs Committee & Abilene Regional Growth Alliance through the Abilene Chamber of Commerce, that through contracts with the DCOA receive funding for services to support economic development initiatives for the community. More than $1.2 million was committed in 2023 to these organizations through the contractual agreements.
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DCOA Team
DCOA Board of Directors
Brock New
Regi McCabe-Gosset
Lindsay Dennis
Vice President Business Development
Controller
Vice President Workforce | Business Retention & Expansion
Fi Akane Thaxton
Rick Jones
Ashley Whitmer
Manager Finance & Compliance
Manager Facilities
Specialist Business Attraction
“We are grateful to have a phenomenal board of directors whose vision and dedication help build the future Abilene. These board members represent a diverse group of accomplished business leaders with a combined experience of more than 150 years. The professionals who serve our community in a volunteer capacity on the DCOA’s Board provide a wealth of knowledge and guidance to our organization.”
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Evan Steele
Sevie Schonerstedt
Bonnie Brzozowski
Manager Analytics & Business Retention
Specialist Economic Development
Assistant Economic Development
Misty Mayo
President and CEO Development Corporation of Abilene .: 78 :.