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FY 2015 Defense Spending By State report now available for download.

TexAmericas Center anticipates growth amid approval bill

Scott Norton, executive director and CEO of TexAmericas Center, gave an overview of the redevelopment authority's functions and goals for regional growth during the Red River Valley Association conference last week.

Norton outlined House Bill 967, which has passed both the House and Senate during the 85th session of the Texas Legislature, and now awaits signature by Gov. Greg Abbott. Introduced by Texas State Rep. Gary VanDeaver R-New Boston, it allows TexAmericas to create a nonprofit corporation.

The bill also allows TexAmericas to promote regional economic development and job creation inside and outside its boundaries in Bowie County and adjacent counties.

"The changes this year are two-fold," Norton said. "One is to allow us to do regional economic activity. The way our legislation is stated right now, we can only work on economic development activities on our footprint, Yes, we have 12,000 acres. Yes, we have a lot of property to work with. Yes, we have a lot of environmental concerns to work with. However, if we want to grow, the region's going to have to grow with us. We want to encourage the region to grow."

TexAmericas was created in 1998 by legislative charter to accept and redevelop surplus military property. Its footprint includes 12,000 acres on three parcels of land, much of which was the site of the now-closed Lone Star Army Ammunition Plant.

Read the complete article here.

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The information above is for general awareness only and does not necessarily reflect the views of the Office of Economic Adjustment or the Department of Defense as a whole.