DEVELOPED IN ABILENE, TEXAS
35 Years of Impact
The citizens of Abilene, Texas made a visionary investment by establishing the first economic development organization funded by sales tax revenue in the state.
For 35 years, the DCOA has driven growth to secure opportunities and progress for future generations. Today, the DCOA continues to build the future Abilene. YEARS
BUILDING THE FUTURE ABILENE
Misty Mayo, MEDP
President & CEO | Development Corporation of Abilene
Vision, progress, and partnerships — these principles have guided the Development Corporation of Abilene (DCOA) for 35 years. As we celebrate this milestone anniversary, we reflect on the impactful projects and collaborative efforts that have strengthened Abilene’s economy and positioned it for long-term success.
By investing in businesses, infrastructure, and workforce development, the DCOA has helped create new opportunities, bringing national recognition to Abilene and expanding possibilities for local industries. Partnerships with business and community leaders continue to play a key role in shaping Abilene’s future.
The DCOA remains committed to building a foundation for future progress, ensuring Abilene continues to thrive for generations to come.
In Fiscal Year 2024, the DCOA continued to build on this foundation by driving significant advancements and making investments that position Abilene for long-term prosperity. These initiatives, guided by the DCOA’s Mission and the Strategic Plan for Economic Development, are strengthened by the support of the visionary Board of Directors and the dedication of the talented team of professionals at the DCOA.
Thank you for being part of this journey.
Building the future Abilene together,
Celebrating 35 Years of Progress
In the heart of Texas, where the plains meet possibility, the Development Corporation of Abilene was founded in 1989, blazing a trail as the first sales tax-funded economic development corporation established in the state.
For 35 years, the DCOA has been more than an organization — it has been a commitment to the community. A commitment to innovate, to collaborate, and to lay the foundation for a thriving Abilene. This milestone year is a celebration of what has been accomplished and a recommitment to what lies ahead. Together, with visionary leaders and passionate community members, our work continues to turn bold ideas into lasting legacies.
FY 1990 - FY 1998
“When we first established the DCOA, our goal was to create an organization that could drive lasting economic growth and opportunity for Abilene. Seeing the impact the DCOA has made over the past 35 years — transforming industries, creating jobs, and building a stronger community — fills me with immense pride. This milestone is a testament to the vision, hard work, and partnerships that continue to shape Abilene’s bright future.”
H.C. Zachry
1989 | Board of Directors, Chair Development Corporation
of Abilene
FY 1999 - FY 2008
Texas Tech University Health Sciences Center
Broadwind Towers
Blue Cross Blue Shield
Bridgestone Bandag
H.C. Zachry with DCOA
Tige Boats
“The DCOA’s work is vital to shaping Abilene’s economic future. Their commitment to fostering growth, attracting innovative companies, and supporting local businesses has created opportunities that benefit our entire community. It has been very gratifying to witness the DCOA’s impact firsthand and see the positive changes their efforts bring to Abilene.”
Tucker Bridwell CEO | Mansfeldt Investments Former DCOA Board Member
“The legacy of the DCOA is one of bold vision and transformative action. Every milestone on this timeline represents progress and the unwavering commitment to creating opportunities and driving growth for Abilene. I’m honored to serve as Chair during a time when our work continues to shape the future of our community and strengthen its foundation for generations.”
Shea Hall
2024 | Board of Directors, Chair Development Corporation of Abilene
Texas Healthcare Linen
Great Lakes Cheese
Bavarian Polymers
ABI Windows
Tucker Bridwell with DCOA
Eagle Aviation Services, Inc.
Coca-Cola Southwest Beverages
Companies Investing in Abilene
$1.03 Billion
Fiscal
Year 2024 Total Capital Investment
Companies New to Abilene | Business Attraction
The DCOA assisted in the expansion of Lancium into Abilene and Taylor County in 2021, where Lancium annexed their campus into the city limits to be the home of the flagship Lancium Clean Campus. Crusoe’s expansion on the Lancium Clean Campus is bringing the opportunity for hundreds of new, well-paying technology jobs to Abilene.
The DCOA partnered with Acufloor to relocate its headquarters to Abilene by transforming a vacant former bowling alley into a warehouse and distribution facility.
“As the state’s oldest, largest, only customer-owned health insurer, Blue Cross and Blue Shield of Texas is celebrating 95 years of helping improve the health of Texans with a strong presence in the Abilene community for over 25 years. The DCOA plays a critical role in shaping the future of Abilene and is dedicated to building a thriving community. We are committed to supporting their commitment of fostering economic growth and retaining businesses.”
James Springfield President
Blue Cross Blue Shield Texas
Jobs Retained 1,517
Jobs Created 310
Local, Existing Companies in Abilene | Business Retention & Expansion
The DCOA has partnered with AbiMar Foods for over 30 years. AbiMar Foods is investing in their Abilene facilities to improve worker safety, boost efficiency, and enhance product quality.
A long-standing company in the Abilene community, Arrow Ford is expanding its operations and upgrading equipment to enhance employee skills — offering upskill training to its workforce.
Blue Cross Blue Shield of Texas leases a DCOA-owned facility, where the company employs more than 500 people.
The DCOA facilitated Hardin-Simmons University’s growth by leveraging DCOA-owned assets, enabling the expansion of its nationally recognized School of Physical Therapy and creating opportunities for future healthcare leaders.
For 40 years, Petrosmith, a leading oil and gas production manufacturer, has continued to invest in Abilene operations.
The DCOA supported Petrosmith’s expansion of its oil and gas operations.
Abilene MSA
Civilian Labor Force
85,092
Abilene MSA
Average Annual Home Price
$229,900
What is the Abilene MSA?
MSA stands for Metropolitan Statistical Area, which is a group of places that are connected by people living, working, and doing business together.
The Abilene MSA includes Taylor, Jones, and Callahan counties.
“The DCOA’s steadfast commitment to attracting businesses and expanding local, existing businesses has made a lasting impact on Taylor County. I am proud of the collaboration and leadership that continue to drive our community forward.”
The Honorable Phil Crowley Judge of Taylor County
Taylor Jones Callahan
Abilene
Developing a Strong Economy
Every industry contributes to the strength of the Abilene economy driving growth and prosperity. Abilene MSA’s Gross Domestic Product (GDP) represents the portion of the United State’s GDP that comes from the private sector in the Abilene MSA.
2023 Top Industries for Abilene MSA
Gross Domestic Product
Building a Robust Workforce
In Abilene, a strong workforce is more than a number — it’s the driving force behind our thriving economy. The DCOA partners with companies to bring opportunities that retain Abilene’s talented workforce.
+18%
Increase in the number of Employees with Professional Certifications 2015-2024
+24%
Increase in the number of Employees with Bachelor’s Degrees 2015-2024
Increased the skillsets, education, and knowledge necessary for Abilene’s workforce to meet the demands of Abilene’s local, existing employers.
Source: Jobs EQ, Reflects data available as of October 2024
+20%
Increase in the number of Employees with PhD/Master’s Degrees 2015-2024
Students enrolled in the 6 Universities & Colleges in Abilene
13,000+
This growth reflects a community investing in its people through partnerships with four universities and advanced technical training programs, creating opportunities for businesses to succeed and innovate.
“Abilene Regional Airport plays a vital role in driving economic growth and connectivity for the region. The airport’s impact extends beyond transportation—it fuels local commerce, supports job creation, and strengthens Abilene’s position as a hub for innovation and opportunity.”
The Perryman Impact Report
Abilene Regional Airport and Related Activity on the Area Economy | February 2023
Solidifying a Vibrant Community
Abilene’s story is one of growth, opportunity, and community. Over the past five years, the city’s average annual wage has grown 1.78 times faster than in previous years, reflecting a thriving local economy that rewards its workforce.
City of Abilene Wages
Source: Jobs EQ, Reflects data available as of October 2024
Increasing Sales Tax Revenues
A core function of the Development Corporation of Abilene (DCOA) is to partner with companies that commit to expand & invest in Abilene, Texas.
Company investment, new job creation, and new wages generate new sales tax revenues for the City of Abilene, strengthening the local economy and supporting essential services.
Abilene Companies Increased Taxable Sales 33.43%
Across All Industries
Source:
Abilene MSA’s 5-Year Change in Net Migration Fills the Paramount Theatre 1.5 Times
Abilene MSA’s net migration has increased more than 20% over five years — the equivalent of filling every seat in the historic Paramount Theatre in Downtown Abilene 1.5 times.
Net migration is the difference between the number of people moving into the Abilene MSA and the number of people moving out over a 5-year period.
“The DCOA has always been a driving force behind Abilene’s growth and resilience. During my time as Chair, I saw firsthand how investments and partnerships can transform challenges into opportunities. Through the leadership of Misty Mayo and her team, it’s inspiring to see the truly transformational successes of the DCOA, as it shapes a brighter future for Abilene and its residents.”
John Beckham
2018 | Board of Directors, Chair Development Corporation of Abilene Beckham, Rector and Eargle, LLP
The DCOA Continues to Outperform the 2022 - 2025 Strategic Plan
Economic Development Strategic Plan
The objectives and strategies of the Strategic Plan guide the DCOA’s success in creating the future Abilene through economic development. The DCOA’s award-winning economic development initiatives are highlighted in the following pages of this annual report.
“During my time as Chair, I witnessed the power of thoughtful planning and clear objectives in driving meaningful results for our community. The DCOA’s commitment to excellence continues to set Abilene apart as a leader in economic development. Their deep focus ensures that every initiative is aligned with Abilene’s long-term vision for economic growth. Abilene will enjoy the benefits of a vibrant economic development program for decades to come.”
Jack Rich 2022 | Board of Directors, Chair Development Corporation of Abilene
For more information and to see our strategic plan, scan the QR code or visit developabilene.com/strategic-plan.
business attraction
BUSINESS ATTRACTION
Strategic Plan Objective Promote Abilene as the premier location for business.
Abilene: Lancium and Crusoe Lead the Way
Abilene’s strategic location and bold vision for the future set the stage for a transformational initiative. The DCOA assisted in the expansion of Lancium into Abilene and Taylor County in 2021, where Lancium annexed their campus into the city limits to be the home of the flagship Lancium Clean Campus.
As the owner and master developer, Lancium developed a new 200-megawatt electrical substation with an additional 1-gigawatt electrical substation currently under construction. Crusoe, a specialty developer, is building a hyperscale data center that will create hundreds of new technology jobs for the Abilene region.
feet of Data
Developed
These impacts are as of December 2024. For the most up-to-date information, visit DevelopAbilene.com/news.
Total Capital Investment at the Lancium Clean Campus (Lancium + Crusoe)
Square
Center
at the Lancium Clean Campus
“Given its leadership in renewable energy and central location, working with Lancium in Abilene allows us to build a facility that pushes the boundaries of sustainable, high-performance data center design. We’re grateful for the support of the City of Abilene, Taylor County, and the Development Corporation of Abilene in bringing this vision to life.”
Chase Lochmiller
Co-Founder and CEO
Crusoe
“This data center model combines Lancium’s expertise in clean energy with Crusoe’s innovative AI infrastructure, maximizing benefits for both Abilene and the industry. We are very proud to be part of Abilene, and we will continue to partner with the Abilene community as we develop our site.”
Michael McNamara
Co-Founder and CEO Lancium
Master Developer Specialty Developer
The Future Runs on Data Centers.
$23,304,118
Estimated total direct and indirect economic impact of the expansion of Acufloor upon full investment.
“We are excited to become part of the Abilene community. Abilene’s strategic location allows us to better serve our customers across the United States. We look forward to the opportunities this move will bring to our team and our customers.”
Josh Bunch Co-Owner Acufloor
Revitalizing Spaces, Reimagining Possibilities: Acufloor Plants New Roots
The DCOA partnered with Texas-based Acufloor to relocate its headquarters and distribution facility to Abilene. Acufloor manufactures innovative tools primarily used in the tile industry. Through this expansion project, Acufloor revitalized a vacant building into a headquarters and distribution facility.
Square Foot Redevelopment of former Abilene Bowling Lanes
Benchmarking Success: Sharpening Abilene’s Competitive Edge
Success in economic development is dependent on many factors — requiring alignment across multiple areas with a focus on business attraction, real estate, infrastructure, site development, marketing, workforce, business retention, company engagement, and beyond. To maintain its competitive edge, the DCOA engaged and collaborated with Site Selection Group to analyze Abilene’s competitive edge against 25 identified markets in Texas, Oklahoma, New Mexico, Arkansas, and Tennessee.
The findings validated the DCOA’s continued investment in economic development initiatives and identified opportunities for strategic growth in areas like real estate acquisition, utility and infrastructure upgrades, and support for business expansions, ensuring Abilene is ready for future growth.
Scaled Projects = Big Wins
Abilene is well positioned for mid-sized and small-scale manufacturing projects (50-200 employees).
Mid-Sized, Big Opportunity
Abilene has the potential to attract large-scale projects (200+ employees) with a strategy focused on sites that are best positioned for most users.
Execution is the Strategy
Abilene’s value proposition should continue to be developed through a strategy focused on site readiness, workforce development, infrastructure and effective economic development.
Building on the DCOA’s Strategic Plan for Economic Development and the completion of the Competitive Analysis, the DCOA engaged Site Selection Group to conduct a Targeted Industry Study to be completed Q2 Fiscal Year 2025. The findings from this study aim to pinpoint key strengths, assess potential growth sectors, and identify emerging opportunities to drive industry expansion and diversification.
“The recent project announcements and company expansions show that the DCOA team is executing effectively towards their mission. Site Selection Group has been impressed with the DCOA’s strategic vision and ideas for improvement.” RESEARCH &
Chris Schwinden Partner Site Selection Group
DCOA President & CEO Misty Mayo with Texas Governor Greg Abbott, Texas Economic Development & Tourism Executive Director, Adriana Cruz & Texas Economic Development Corporation CEO, Aaron Demerson
Promoting Abilene Internationally
DCOA President and CEO Misty Mayo was selected to serve on Texas Governor Greg Abbott’s delegation for the Texas-Asia Economic Development Trade Mission — strengthening partnerships and meeting with companies that have the potential to expand in Abilene, Texas.
Asia-Pacific Economic Cooperation is the Largest Export Market for Abilene, Texas MSA
Asia-Pacific Economic Cooperation
$67.4 million
Free Trade Agreement
$59.2 million
United States-Mexico-Canada Agreement
$43.9 million
Asia
$9.7 million
European Union
$9.3 million
Africa
$2.7 million
Source: International Trade Administration, 2023
Reflects the most recent available data.
“Now they know abilene, texas.”
Abilene’s competitive advantages were promoted to more than 250 companies and executives; including the Japan External Trade Organization, Embassy of the Republic of Korea, Korea International Trade Association, and the grand opening of the State of Texas Taiwan Office in Taipei, Taiwan.
Promoting Abilene: Developing Opportunity
Abilene is more than a place on the map — it’s a community built on innovation, resilience, and collaboration. To ensure that Abilene remains top of mind for business expansions, the DCOA leads proactive efforts to promote Abilene as the premier destination for business growth.
From marketing missions, to targeted outreach campaigns, the DCOA strategically connects with site selection consultants, developers, real estate executives, and business leaders from across the globe. By positioning Abilene as a city where businesses can thrive, the DCOA is attracting investments that create jobs, boost the local economy, and ensure a vibrant future for the community.
Promoting Abilene goes beyond outreach — it’s a critical investment in the growth of Abilene and expansion of our future.
52
The DCOA strategically identifies national and international marketing missions that maximize the DCOA’s business development strategy.
190+
site consultants connected with through marketing missions.
Marketing Mission Examples
• SelectUSA Foreign Direct Investment Summit
• Data Center World
• Maintenance Repair & Overhaul Americas
• Aerospace & Aviation Tradeshow
• Texas-Asia Economic Development Trade Mission
• Site Selection Consultant Summit
600+
companies engaged with through marketing missions.
25+
developers reached through marketing missions.
34 responses submitted for requests for proposals.
business retention & expansion
Strategic Plan Objective Influence business growth in the community.
DCOA connects local, existing companies to strengthen company partnerships. Company executives pictured at
Dyess Air Force Base by a B1 Bomber.
Forging the Future: Petrosmith Expands to Bolster the Oil & Gas Sector
With a 40-year presence in Abilene, Petrosmith recognized the need to expand its operations to remain competitive in the oil and gas sector. To support their growth, the Business Retention & Expansion efforts of the DCOA provided resources, guidance, and essential support, ensuring Petrosmith had the tools needed to strengthen its position in the industry and continue its success in Abilene.
$1,654,952,231
Estimated total direct and indirect economic impact of the expansion of Petrosmith upon full investment.
“This venture reiterates our commitment to Abilene, our customers, and our existing workforce to invest, grow, and continue to diversify our product offerings, and be a market-leading supplier for engineered products including fabricated vessels, tanks, and production equipment for a variety of industries.”
Michael Duffy President and CEO Petrosmith
“This expansion enhances local opportunities in healthcare education and also underscores our commitment to building a stronger, more skilled workforce for the future. We are thankful that the DCOA actively supports Hardin-Simmons University and our School of Physical Therapy.”
Eric Bruntmyer President Hardin-Simmons University
$46,134,712
Estimated total direct and indirect economic impact of the expansion of Hardin-Simmons School of Physical Therapy upon full investment.
Empowering Health & Education: Hardin-Simmons and DCOA Unite for a Brighter Future
In 2017, the DCOA leveraged a real estate asset to partner with Hardin-Simmons University, supporting the growth of its nationally-recognized School of Physical Therapy.
This latest project is more than a continuation — it’s the culmination of a shared vision to strengthen education, meet rising healthcare demands, and create opportunities that empower Abilene’s workforce.
By building infrastructure that equips healthcare professionals and fosters academic excellence, this collaboration directly addresses the critical needs of one of the fastest-growing fields in the nation.
Innovating Tradition: Expansion of AbiMar Foods Strengthens Abilene’s Economy
AbiMar Foods, a subsidiary of international parent company Grupo Nutresa, is a leading manufacturer of cookies and crackers in Abilene.
To meet evolving customer needs and rising market demand, AbiMar Foods invested in expanding operations by enhancing automation and upgrading its facilities.
A longstanding company partner of the DCOA, AbiMar Foods strengthened its roots in Abilene through this expansion, reinforcing its commitment to the community and AbiMar team members resulting in the retention of hundreds of jobs.
“AbiMar Foods is deeply rooted in Abilene. Our continued success is because of the support of the Abilene community and the strong partnership we’ve built with the DCOA. Together, we’re driving innovation in manufacturing and building a foundation for the future.”
Rafael Henao CEO
$1,995,215,326
Estimated total direct and indirect economic impact of the expansion of AbiMar Foods upon full investment.
Abimar Foods, Inc.
Built to Last. PARTNERSHIPS
At the DCOA, each contract is just the beginning. Every company partnership represents a collaborative effort to strengthen businesses, create opportunities, and drive long-term successes.
From initial agreements to expansion milestones, the DCOA stays actively engaged — monitoring progress, deepening relationships, and exploring new opportunities for growth. With more than 30 active contracts, the DCOA works alongside company partners every step of the way.
30+ Active Contracts
Lasting Company Partnerships for shared success.
More than a contract — a commitment to growth.
“At Hendrick Health, we are committed to providing exceptional healthcare to our community, and strong partnerships are essential to fulfilling that mission. The support and collaboration from the Development Corporation of Abilene have been invaluable in helping us expand our services, invest in new technologies, and strengthen Abilene’s healthcare infrastructure. We are incredibly grateful for the DCOA’s leadership and dedication to economic development, and we look forward to continuing this partnership to serve the people of West Texas.”
Brad Holland President & CEO Hendrick Health
#DevelopedInAbileneTexas
Chike Nutrition, an Abilene-grown company, reflects the entrepreneurial drive and innovation that the DCOA champions. Starting as a small manufacturing operation, Chike quickly expanded to meet increasing demand for its protein-packed products, now sold in major retailers across the country.
The DCOA supported this rapid growth, ensuring the company had the resources to scale operations while continuing to grow in Abilene. With this expansion, Chike repurposed a large vacant building along Interstate 20, transforming it into a high-capacity manufacturing facility.
The DCOA leveraged Chike’s Abilene-developed products into an internationally awardwinning campaign, showcasing the strength of local innovation on a global stage. This unique opportunity reflects how the DCOA supports businesses in every stage of their lifecycle — helping them grow, compete, and thrive in ever-evolving markets.
Want to join the DCOA in celebrating the success of companies in Abilene, Texas? Follow the DCOA on social media @DevelopAbilene and join the conversation by using #DevelopedInAbileneTX to showcase the power of local business innovation.
International Economic Development Council
Developing & Sustaining Partnerships
At the heart of Abilene’s economic growth is the belief that strong partnerships fuel prosperity. The DCOA’s commitment to fostering lasting relationships with local, existing businesses is driven by a simple yet powerful goal: to ensure that companies that invest in Abilene have the support and resources they need to grow, innovate, and prosper.
By maintaining open lines of communication and proactively engaging with existing companies, the DCOA has fostered an environment where businesses know they are valued and supported. These visits have led to actionable insights that strengthen operations, unlock growth potential, and solidify Abilene as a city where businesses can thrive. The result is a more resilient economy, a stronger community, and partnerships that stand the test of time.
112
Business Retention & Expansion Surveys
Thanking manufacturers with the Ability in Abilene campaign. Bridgestone Bandag is investing in an expansion of its Abilene facility.
246
Business Retention & Expansion Visits
“We have been rooted in Abilene for more than five decades, and our continued success is a direct result of the support we’ve received from this city and the strong partnership we’ve built with the DCOA. Together, we’re driving innovation in manufacturing and laying the foundation for the future.”
Scot Music Plant Manager Bridgestone-Bandag
Strategic meetings with local existing companies to gather data, deepen relationships, and identify workforce & growth opportunities.
Visits with companies to identify and validate operations in Abilene and engage in conversations on the DCOA’s business retention & expansion program.
Pet Group
Primal
CEO Jon Balousek showcases its new pet product manufactured in Abilene.
Crafting Community Great Lakes Cheese Brings Big Impact to Abilene
When Great Lakes Cheese sought to expand its operations, the DCOA recognized the opportunity to recruit a world-class cheese packager to Abilene. The impacts of this project extend beyond the factory floor. Operating for over two years, the state-of-the-art new facility is fostering economic stability and community pride.
“Abilene marks the fifth super plant in the Great Lakes Cheese Network. The Abilene community is a great match for us and aligns with who we are as a company. The DCOA has been a key partner and we look forward to continuing this partnership for years to come.”
Bob Sarver President & CEO Great Lakes Cheese
DCOA President and CEO Misty Mayo with Great Lakes Cheese President and CEO Bob Sarver and Abilene Plant Manager Mitch Fiedler.
Connecting Businesses for a Stronger Future: ABI Windows and Bavarian Polymers
When ABI Windows, an out-of-state, second-generation family business decided to expand, they found more than just a location in Abilene — they found a community to call home, rich in new business connections.
Partnering with the DCOA, ABI Windows constructed a state-of-the-art 150,000-square-foot manufacturing facility at Five Points Business Park to meet the growing demand and create opportunities for skilled workforce in Abilene.
By introducing ABI Windows to Bavarian Polymers, also a DCOA company partner, the DCOA fostered a meaningful business relationship that is driving growth and innovation. Bavarian Polymers produces specialty components used in the products of ABI Windows, creating a supply chain cluster that benefits both companies and enhances the business ecosystem of Abilene.
“The DCOA has been a wonderful partner to work with throughout this process. It has been a blessing to work with people in Abilene who care about what they’re doing. We look forward to continuing to invest in the Abilene community.”
Benjamin Rawson President ABI Windows
Workforce development
WORKFORCE DEVELOPMENT Strategic Objective
Implement innovative workforce initiatives to support Type A Companies.
Accelerating Opportunity. Driving Growth.
Arrow Ford, a leading automotive retailer in the region, continues to drive workforce development and employee support in Abilene. Arrow Ford actively engages with high school students and second-chance individuals, creating career pathways in the automotive industry.
Recognizing the company’s dedication to workforce development, the DCOA provided resources and a grant to expand these efforts. With this support, Arrow Ford continues to set the standard as a best-practice provider of on-site childcare and a key partner in the Abilene ISD Automotive Education Alliance.
Through this partnership, the DCOA is accelerating opportunity and driving growth, ensuring businesses like Arrow Ford have the resources needed to invest in people, expand operations, and strengthen Abilene’s economy.
“The training and skills provided in these jobs that the DCOA is incentivizing are transferable to careers in manufacturing and industrial primary jobs. With an average annual wage of over $60,000 for these jobs, we are grateful that the DCOA is growing this important industry right here at home.”
Seaton Higginbotham President Arrow Ford, Inc.
$180,821,562
Estimated total direct and indirect economic impact of the expansion of Arrow Ford upon full investment.
Defending Legacy, Empowering Community: Dyess Air Force Base
Strengthened by DCOA Investments
$16.54 Million
Total Grant Investments from the Abilene Community
The matching grants from the DCOA maximize the impact to fund infrastructure improvements and enhance operational capabilities
For over 70 years, Dyess Air Force Base has been a cornerstone of Abilene’s economy, culture, and identity. As the home of the 7th Bomb Wing, flying the powerful B-1B Lancer bomber, and the 317th Airlift Wing, operating the versatile C-130J Super Hercules aircraft, Dyess represents both national strength and local pride. The DCOA has invested heavily in supporting Dyess, recognizing the critical role our largest employer serves in ensuring the stability and prosperity of the Abilene community.
Since 2020, the DCOA has committed $1.63 million in matching grants to fund infrastructure improvements and enhance operational capabilities at Dyess. These investments strengthen the base and ensure its long-term viability. The DCOA also facilitates connections between Dyess personnel and local businesses, creating opportunities for retiring service members and their spouses to remain in the Abilene community.
NextU Powered by the DCOA: Shaping the Future
The NextU program is a dynamic collaboration between the DCOA, Abilene ISD, Wylie ISD, and the Big Country Society for Human Resources, designed to equip students with real-world skills before they graduate high school. By funding industry-recognized certifications, NextU bridges the gap between education and career opportunities, ensuring students are prepared to meet the evolving workforce needs of Abilene’s employers.
This initiative empowers students with valuable credentials that align directly with industry demands, creating a stronger, more skilled workforce ready to drive the future of Abilene’s economy.
Students Actively Enrolled in NextU at
As Abilene’s industries continue to expand — including healthcare, manufacturing, and technology — the NextU Program is preparing the next generation of skilled workers by equipping students with industry-recognized certifications and hands-on experience, ensuring they are ready to step into high-demand careers.
From 2015 to 2024, employment in industries that are supported by the NextU program has increased overall by nearly 20%.
Marketing & brand management
MARKETING & BRAND MANAGEMENT Strategic Objective Market the community aggressively and proactively.
Recognized Abroad and at Home
Internationally Recognized for Excellence
The DCOA began FY 2024 with a historic milestone by receiving the prestigious Economic Development Organization of the Year award from the International Economic Development Council (IEDC).
Awarded the distinguished Gold medal for the first time in Abilene’s history, this honor acknowledges the DCOA as leaders in economic development with an exceptional commitment to driving innovative economic growth, and establishing Abilene as a premier location for global business.
With a focus on clear goals, measurable impact, and collaborative partnerships, the DCOA’s leadership and innovative approach continue to elevate Abilene on the world stage as a vibrant, competitive business hub.
Annual Report - Gold Medal Print Promotion - Silver Medal
24 Awards
The DCOA Received Since 2020
2024 | Annual Report - Gold Medal Winner International Economic Development Council
2024 | Best in Show Nominee - 1 of 14 in the World International Economic Development Council
2024 | Print Promotion - Silver Medal Winner International Economic Development Council
2024 | Economic Development Organization of the Year Business Facilities
2024 | Workforce Excellence Award
Texas Economic Development Council
2024 | Small Business Campaign of the Year United Way of Abilene
2023 | International Economic Development Organization of the Year International Economic Development Council
2023 | Silver Medal for DevelopAbilene Social Media
Economic Development Council
2023 | Silver Medal for the Ability in Abilene Video Campaign
Economic Development Council
2023 | Bronze Medal for DevelopAbilene.com
Economic Development Council
2023 | Corporate Investment Award Trade & Industry Development — Lancium Expansion
2023 | Bronze Medal for Fiscal Year 2022 Annual Report International Economic Development Council
2023 | Economic Excellence Recognition
Texas Economic Development Council
International Economic Development Council Awarded Gold Medal for Outstanding Annual Report
2022 | Deal of the Year Impact Award for Renewable Energy
Business Facilities — Lancium Expansion
2022 | Community Impact Award
Trade and Industry Development — Great Lakes Cheese Expansion
2022 | Economic Excellence Recognition
Texas Economic Development Council
2021 | Contributing Project for Texas’ Gold Shovel Award Area Development — Great Lakes Cheese Expansion
2021 | Economic Excellence Recognition
Texas Economic Development Council
2021 | Community Economic Development Award for Innovativeness
Texas Economic Development Council — Great Lakes Cheese Expansion
2021 | #8 in the Nation for Top Metros Ranking by Total Project
Site Selection Magazine - Metros with population less than 200,000
2022 | Misty Mayo named Top 50 Economic Developer in North America Consultant Connect
2022 | Contributing Project for Texas’ Gold Shovel Award Area Development — Lancium Expansion
2020 | Economic Excellence Recognition
Texas Economic Development Council
2020 | Community Economic Development Award for Community Commitment & Leverage
Texas Economic Development Council — Hartmann’s, Inc. Expansion
Maximizing Our Impact
From highlighting innovative economic development programs to showcasing transformative business partnerships, the DCOA’s efforts are gaining widespread recognition. These efforts demonstrate the organization’s leadership in economic development and position Abilene as a premier destination for business growth and investment on a global stage.
“The DCOA has elevated Abilene’s story by showcasing the unique advantages our city offers to businesses. The DCOA has effectively implemented a multi-faceted marketing program, ensuring Abilene remains at the forefront of opportunities, drawing attention and investment from across the globe.”
Tracy Howle 2024 | Board of Directors, Vice Chair Development Corporation of Abilene
6.3% increase in Social Media Impressions FY 2024 compared to FY 2023
#DevelopedinAbileneTX
DEVELOPED IN ABILENE
“These
International Economic Development Council Marketing Award Judge
8.9%
readers reached through advertisements in two national publications
real estate
REAL ESTATE Strategic Objective
Prioritize real estate assets that spur Abilene’s future growth.
Leveraging DCOA-Owned Assets to Attract Company Expansions
Available land and buildings are a competitive advantage for Abilene in attracting company expansions. The DCOA owns and operates two industrial parks, hangars at Abilene Regional Airport, and additional assets for the benefit for promoting Abilene as the premier location for business expansion.
FIVE POINTS
Five Points Business Park
The DCOA redesigned and updated business park maps to highlight DCOA-owned properties, enhancing visibility and driving interest in Abilene as a premier destination for business growth.
$18.5 Million
Since 2019, the DCOA has approved $18.5 million to the City of Abilene for street improvement projects. By prioritizing long-term investments in the City’s infrastructure, the DCOA ensures Abilene remains a competitive destination for companies seeking expansion locations.
“The DCOA’s commitment to capital improvements and the thoughtful use of its assets have been instrumental in helping companies grow and succeed in Abilene. By fostering an environment where businesses can expand, the DCOA continues to drive long-term economic prosperity for our community.”
Joe Ed Canon Director Kickapoo Springs Foundation
Multi-year Capital Improvement Plan
• Contracted with consulting firm Freese & Nichols to develop a Master Rail Plan at Five Points Business Park, scheduled for completion in FY 2025.
• Identified and sought out the premier Foreign Trade Zone (FTZ) Consulting Firm, Ernst & Young, to assist in the establishment of a Foreign Trade Zone by the DCOA.
• The DCOA acquired land and continues to prioritize future growth opportunities.
• The DCOA finalized the improvements related to the Economic Development Administration Grant received in 2020 for Fulwiler and Marigold Road expansions at Five Points Business Park.
effective operations
Strategic Objective
Ensure DCOA’s effectiveness to continue long-term success and impact for Abilene in economic development.
DCOA Contracts with Community Stakeholder Organizations
The DCOA operates as a 501(c)(3) not-for-profit, leading the economic development strategies and priorities for the community.
As Abilene’s economic driver, the DCOA partially funds community stakeholder initiatives that align with the DCOA’s mission and strategic plan objectives.
More than $1.2 million was committed in FY 2024 to community stakeholder organizations through contractual agreements with the DCOA to support economic development initiatives.
$1.2 Million+
The DCOA Team Organizational
Memberships and Leadership
BUSINESS RETENTION EXPANSION INTERNATIONAL
Resource Committee
INDUSTRIAL ASSET MANAGEMENT COUNCIL
INTERNATIONAL DAIRY FOODS ASSOCIATION
INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL
LEADERSHIP WOMEN TEXAS
SITE SELECTORS GUILD
Guild Partner
SOUTHERN ECONOMIC DEVELOPMENT COUNCIL
TEAM TEXAS
Advisory Board
TEXAS ECONOMIC DEVELOPMENT CORPORATION
TRANSATLANTIC BUSINESS & INVESTMENT COUNCIL
YTEXAS
THE HIGH GROUND OF TEXAS
Board Member
TEXAS ECONOMIC DEVELOPMENT COUNCIL
Leadership Rotation | Misty Mayo, Vice Chair, Chair 2027
Mentorship Program
Future Leaders Training Program
Education Committee
Economic Development Sales Tax Committee
Membership Committee
Certified Texas Economic Developer Committee
Forward Planning Committee
Communications Committee
Nominating Committee
Legislative Committee
Membership Committee
Political Action Committee
Workforce Development Committee
TEXAS FOOD PROCESSORS ASSOCIATION
TEXAS MIDWEST COMMUNITIES NETWORK Board Member
“The DCOA’s mission is built on a foundation of deliberate planning and purposeful action, ensuring every initiative contributes to Abilene’s economic growth and community prosperity. By setting clear objectives and aligning them with the city’s unique strengths, the DCOA transforms opportunities into lasting outcomes for companies and the citizens of Abilene.”
The Honorable Weldon Hurt Mayor of Abilene
Excellence in Economic Development
DCOA Board & Team Development
100% of the DCOA team members hold a certification in basic economic development.
100% of DCOA Board and Team Members completed sales tax training, open meetings act training, and public information act training.
Misty Mayo is Vice Chair of the Texas Economic Development Council Board of Directors - Chair in 2027.
Julie Johncox serves on the Texas State Technical College (TSTC) Foundation Board.
Misty Mayo appointed to the Governor’s Texas Economic Incentive Oversight Board.
Financials Fiscal Year 2024:
The DCOA is dedicated to being a responsible steward of the community’s resources through effective operations and sound financial controls. By managing our operating budget tactically, we ensure every dollar invested by the DCOA fosters economic
Economic Development Contract Expenses
Through investments in business expansions, the DCOA maximizes every dollar, creating a ripple effect that drives growth and prosperity in Abilene. 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.
ABI Windows (2023)
Great Lakes Cheese (2021)
Vista Flags (2021)
BUSINESS RETENTION & EXPANSION PROJECTS
Bavarian Polymers (2020) $925,748 $8,000,000 $10,909 $80,000 BUSINESS ATTRACTION PROJECTS $181,900 $3,000,000 $480,662 $37,903 $616,000 $586,000 $450,000 $100,000 $370,174 $25,000 $258,750 $400,000
Hendrick Health (2023)
Bridgestone Bandag (2022)
Primal Pet Group (2022)
Dyess Air Force Base/Matching Grant 5G and Fiber Optic Upgrades (2022)
Hendrick Health (2021)
Abilene Christian University NEXT Lab (2021)
Primal Pet Group (2021)
United Ag & Turf (formerly known as Quality Implement) (2021)
Chike Nutrition (2020)
2 Profs Ice Cream (2020)
Funeral Director’s Life Insurance (2019)
Texas State Technical College (2017)
DCOA-Funded Street improvements authorized to City of Abilene (FY 2019-2023)
Five Points Business Park - Upgrades to Building & Truck Maneuvering (2023)
Five Points Business Park - Installation of Permanent Parking Areas (2023)
Five Points Business Park - Marigold & Fulwiler Street Upgrades (2021)
DCOA Team - Economic Development Professionals
“The DCOA team is an award-winning group of economic development professionals who live out the DCOA Mission every day — building a stronger, more prosperous Abilene. This team’s dedication, expertise, and innovative approach are the driving forces behind our success.
I am honored to lead such a talented and passionate team committed to making a lasting impact on our community.”
Julie Johncox
Ashley
Sevie Schonerstedt
Akane Thaxton
President and CEO
Misty Mayo
DCOA Board of Directors
“My favorite part of serving on the DCOA Board is witnessing how our efforts directly impact the community by creating opportunities for businesses and individuals alike. It’s an honor to help shape Abilene’s future and contribute to its success.”
Shea Hall | Chair Abilene Business Owner
“Serving on the DCOA Board allows me to collaborate with visionary leaders who are passionate about making Abilene a thriving hub for innovation and growth. I value the chance to contribute to meaningful projects that make a difference.”
Tracy Howle | Vice Chair Area President | First Bank Texas
“I love being part of an organization that is committed to advancing Abilene’s economic potential while staying rooted in the values that make our community unique. It’s inspiring to work toward a shared vision of growth and prosperity.”
Floyd Miller | Board Member Financial Advisor | Osaic Wealth, Inc.
