Pecos Economic Development Corporation Building Upon Pecos’ Comparative Advantages April 2010 Rediscover Pecos Board of Directors Danny Rodriguez - President Leo Hung - Vice President Barry Naude -
Download ReportTranscript Pecos Economic Development Corporation Building Upon Pecos’ Comparative Advantages April 2010 Rediscover Pecos Board of Directors Danny Rodriguez - President Leo Hung - Vice President Barry Naude -
Slide 1
Pecos Economic Development
Corporation
Building Upon Pecos’ Comparative Advantages
April 2010
Rediscover Pecos
Slide 2
Board of Directors
Danny Rodriguez - President
Leo Hung - Vice President
Barry Naude - Secretary/Treasurer
Directors
Venetta Seals
Hugh Box
Wally Moon
Joseph Torres
Bill Oglesby- Executive Director
Esperanza Garcia – Executive Assistant
Slide 3
Executive Summary
Pecos is focused on 4 comparative advantages that build
upon Pecos’ strengths.
Pecos will focus on building upon its
logistical/transportation advantages.
Pecos will focus on attracting the renewable energy
industry (solar/wind/biofuels).
Pecos will focus on supporting its TAMU centers of
influence via Texas AgriLife and Pecos Research & Testing
Center (PRTC).
Pecos will focus on creating a Small Business Technology
Center to assist existing businesses and offer the
community a number of technology services.
Slide 4
Pecos is emerging as a logistics center anchored by
the 500-acre Montane Logistics rail-served industrial
park and the emerging industrial corridor west of
Pecos.
Pecos will partner with the Pecos Valley Southern
Railway shortline to facilitate their growth and
expansion.
Pecos is emerging as a prime site for the solar power
generation industry and algae-based, biofuels research
projects.
Pecos is realizing significant investments by affiliates of
the Texas A&M University System in renewable energy
and federal government programs.
Slide 5
Pecos’ location at the intersection of IH-20 and US-285,
coupled with a Union Pacific main rail line, builds upon
our base of existing transportation infrastructure.
Reeves County Commissioners Court has approved the
creation of a Rural Rail Transportation District (RRTD)
that will contribute to developing the transportation
infrastructure required to facilitate the development of
the 500-acre Montane Logistics Industrial Park and the
expansion of Pecos Valley Southern Railway.
Slide 6
Slide 7
The creation of a Rural Rail Transportation District (RRTD)
will facilitate the development of transportation
infrastructure to support emerging industrial corridors
throughout the City and County.
The creation of a new tax increment financing (TIF) district
will entice Developers to invest along our gateways and
serve to enhance the aesthetics of IH20.
The emerging Comprehensive Plan will facilitate the
prioritization of our limited financial resources and outline
clear plans for the future of the city.
The emerging Historic District Redevelopment Plan and
Charrette being coordinated by the UTSA Institute for Rural
Development and the Department of Architecture &
Planning, should enhance the coordination and uses of HOT
tax in this strategic corridor of the City.
Slide 8
Logistical/Transportation Advantages
Pecos offers some comparative advantages due to its
transportation infrastructure—IH-20, US-285, Union Pacific
mainline.
TXDOT and Union Pacific are collaborating and investing almost
$500,000 on improving the rail crossing at IH-20 and County Road
(CR) 408 to begin in June 2010.
PEDC contracted with Parkhill Smith Cooper to create preliminary
design and cost estimate for proposed diamond interchange at IH20 and CR 408.
Reeves County is finalizing contract with Raba Kistner
Infrastructure to create a Rural Rail Transportation District (RRTD)
and to provide counsel on its planning and development.
PEDC considering recommending the creation of a Transportation
Reinvestment Zone (TRZ) to serve as one of the funding
mechanisms for the RRTD operations.
Other funding sources for the RRTD will be grants, rail user fees,
and loans.
Slide 9
IH-20/CR 408 Proposed Interchange
Slide 10
Attracting Renewable Energy Industry
~Biofuels
The PEDC is collaborating closely with the Texas A&M
University and its affiliates and partners, to attract new
research, investments and jobs to Reeves County.
Reeves County is the site of ongoing algae-based
biofuels research and continues to be considered for
federal projects.
State leaders are being encouraged to entice Texas
corporations to invest into biofuels research in Texas,
rather than outside the State (Colorado, California).
Slide 11
Slide 12
~Solar Power Generation
Reeves County is under consideration on a
number of solar power generation projects.
PEDC collaborating with Public Utilities
Commission (PUC), ERCOT and other State
agencies, to position Reeves County to
compete in attraction of this emerging
industry.
Existing electric transmission lines will
require some enhancements and the
extension of the existing grid to move
electricity to the urban markets.
Slide 13
Enhance TAMU Centers of Influence
TAMU has significant presence in Reeves County in Texas AgriLife campus
west of the City and in the Texas Transportation Institute (TTI) research
being conducted at the Pecos Research & Testing Center (PRTC).
TTI has teaming agreement with Applied Research Associates (ARA), a
premier research and engineering consultant conducting transportation
and US Department of Defense (DOD) research.
TTI also encouraged Tubular Rail, a Houston group developing commuter
and High Speed Rail systems, to consider 2-mile test track at PRTC.
Tubular Rail systems are under consideration by US DOT, TXDOT and
other transportation groups.
Tubular Rail technology, if proven, could lead to major testing facility at
PRTC and be impetus for creating a new transportation industry in US.
PEDC is also collaborating with a New York company to conduct some
radar research via at the PRTC a Federal earmark.
This research could generate some significant activities at the PRTC and
would encourage additional research.
PEDC will be enhancing partnership with each of these entities to
encourage greater coordination and collaborations with TAMU.
TAMU centers of influence lay the foundation for greater investments,
research and high quality job creation.
Slide 14
~Pecos Research and Testing Center
PRTC Collaborations continue with the Texas Transportation
Institute (TTI), an affiliate of TAMU, and Applied Research
Associates (ARA), to grow high quality, technology jobs at the
Pecos Research & Testing Center (PRTC).
A number of grants and other funding opportunities are being
actively pursued to facilitate the attraction of scientific and
engineering jobs to Pecos and the region.
Slide 15
Slide 16
Create Small Business Technology
Center (SBTC) in Historic District
Pecos was recipient of $98,257 Federal earmark from
Congressman Ciro Rodriguez in 2009.
Earmark designated funding to increase the presence of the Sul
Ross SBDC and the acquisition of office equipment to significantly
enhance the scope and quality of technology services available in
Pecos.
UTSA Institute of Rural Development is also intimately involved in
developing and assisting in the implementation of this small
business initiative.
Sul Ross SBDC in process of recruiting full-time Rural Business
Advisor (RBA) to be officed in Pecos to better serve small
businesses throughout Reeves County.
PEDC is pursuing Federal and State grants to redevelop a property
in the Historic District that would house the RBA, Main Street, a
FedEx Office style copy/mail center, and possibly a small business
incubator at this facility.
UTSA Department of Architecture & Planning in process of
coordinating a Historic District charrette that will provide further
impetus to this SBTC initiative.
Slide 17
Slide 18
Accomplishments
Over 20 new homes have been completed, adding $3 million to the
property tax base.
Many existing residences have also made improvements to their homes,
adding over $1 million to the tax base.
PEDC role in Offers to Purchase realizing greater returns on sales and
redevelopment of both residential and commercial properties.
Other housing development initiatives are under consideration to include
single-family and multi-family housing.
Collaborations on the development of the Montane Logistics Industrial
Park continue.
Reeves County has approved the creation of a Rural Rail Transportation
District (RRTD) that will provide impetus to the Montane Logistics
Industrial Park, Pecos Valley Southern Railway, and other rail and
transportation initiatives throughout Reeves County.
Slide 19
Texas Agrilife biofuels research under consideration by DARPA
(Defense Advanced Research Projects Agency), a Federal agency for
DOD research.
Pecos under consideration on a number of major renewable
energy projects that would attract hundreds of millions of dollars
of new capital investment and higher-skilled, higher paying jobs.
UTSA Institute of Rural Development investing substantial
resources into PEDC and is using City as example of successful
rural development.
Sul Ross SBDC is serving significantly more clients from Reeves
County, that will assist small business growth and development.
The PRTC is realizing significantly greater research activities,
increasing its presence as a research center.
Slide 20
Pecos Economic Development Corporation
Sul Ross SBDC Client List
May 2010
#
Company
Business Type
Contact
E/S
Proj Sales
P, UC, Comp
# BRE
1
West Texas Dream Homes
Residential, commercial contractor
Tony Briones
E
$1,000,000
Completed
2
Start up
Commercial laundry
Lupe Michaelis
S
$100,000
P
3
Start up
Soda/ice cream shop
Gene Pimm
S
$50,000
P
4
Keller Williams Realty
Real estate office
Linda Tobias
E
$100,000
P
5
Start up
Gym workout center
Gabriel Rodriguez
S
*
P
6
Merle Norman Cosmetics
Services
Marcia McCormick
S
$100,000
UC
7
Pecos Marketing
Promotional items
Toni Tillis
E
$50,000
Completed
8
Pecos Café
Coffee shop/restaurant
NA
S
$75,000
P
9
Donut Shop
Restaurant
Flores
E
$50,000
Closed
10 Pecos Arts/Loft
Art Gallery
Sandra Renteria
S
$250,000
Completed
11 Community Ventures Group
Community Development
NA
S
$500,000
UC
12 Start up
Hair Salon
Lorena Estrello
S
*
P
13 Texsand
Logistics
Farrell Arceneux
E
$15,000,000
UC
14 Gunther Salt
Manufacturer
Peter Gunther
E
$10,000,000
P
15 Start up
Personal services
Jessica Anaya
S
$50,000
Completed
16 SBTC
Business development services
Rob Tobias
S
$98,257
P
17 Crazy Lady Beads
Crafts
Kerry Santisteban
S
$100,000
Completed
18 Border Melons
Agriculture
Darin Borders
E
$1,000,000
P
19 Budget Inn
Hotel restaurant
Juliet Tien
E
$100,000
P
20 Juliet Tien
Retail shop in Historic District
Juliet Tien
S
$250,000
P
21 Start up
Landscaping
Santiago Garcia
S
$25,000
P
22 Crystal Reyes
Daycare
Crystal Reyes
S
$100,000
P
23 Eagles Daycare
Daycare
Tammy Ortega
E
$100,000
P
24 Start up
Downtown redevelopment
Olga Lopez
S
$100,000
P
25 Start up
Restaurant
Yolanda Hinojos
S
$100,000
P
6
26 Emma's Varieties
Retail shop in Historic District
Emma Gonzalez
E
$50,000
UC
7
27 Casas Construction
Residential, commercial contractor
Johnny Casas
S
$500,000
UC
8
28 Dale Finley
Public storage facility
Dale Finley
S
$250,000
P
29 Steve Valenzuela
Sports Bar
Steve Valenzuela
S
$1,200,000
UC
30 Jackson Shaw Development
GSA Development
Jason Nunley
S
$3,000,000
P
31 Barry Lewis
Gas/convenience store
Barry Lewis
S
$750,000
P
10
32 Custom Mufflers
Auto services
Jason Lopez
E
$200,000
P
11
33 Pecos Café
Café/bar
Jason Lopez
S
$100,000
P
12
34 Rita's Flowers
Flower shop
Mario Payen
E
$50,000
P
35 Party Things
Retail shop in Historic District
Elisa Lujan
E
$50,000
P
36 Artist
Retail shop in Historic District
Joe Swenson
E
$50,000
P
Existing
14
39%
Start up
22
61%
36
100%
$35,498,257
1
2
3
4
5
9
12 new clients
Slide 21
A number of small businesses have purchased and are
redeveloping properties in the Historic District.
A number of small businesses are considering business
locations in the Historic District, but will require
assistance in the reparations of the roofs.
UTSA Institute of Rural Development and Department
of Architecture & Planning should have finalized Historic
District Redevelopment Plan and Charrette by years’
end.
Greater regional, state and national collaborations and
partnerships with Federal, State and regional resources
are in place and providing greater resources to Reeves
County.
Slide 22
Sandra Renteria, Winking Owl Art Gallery
Emma Gonzalez, Emma’s Varieties
Weldon Brookshire, Classic Car Museum
Slide 23
Accomplishments
Pecos Economic Development Corporation May 2010
Projects Under Construction, Completed
Jobs
#
Project
Industry
Cap Inv
Ret/Created
Status
Completed
1
Best Western, Swiss Chalet
Tourism
$5,000,000
15
2
Comfort Suites
Tourism
$5,000,000
10
UC
3
Sandra Renteria
Retal/services
$50,000
2
Completed
4
Holiday Inn Express
Tourism
$5,000,000
10
Completed
5
Hampton Inns
Tourism
$5,000,000
15
Completed
6
Oak Tree Hotel
Tourism
$1,000,000
2
Completed
7
Single-family housing
Housing
$3,000,000
5
Completed
8
Rural Health Clinic
Healthcare
$5,000,000
20
UC
9
Pecos Economy Inn
Tourism
$1,000,000
8
Completed
10
TTI/Applied Research Associates
Research
$1,000,000
2
Completed
11
TAMU Biofuels grant
Renewable Energy
$1,000,000
2
Completed
12
Pecos EDC
Services
$100,000
1
Completed
13
Rural Rail Transportation District
Transportation
$25,000
*
Completed
14
TXDOT/UP Railway Improvements
Transportation
$500,000
*
UC
15
Texsand
Oil/gas
$100,000
1
Completed
16
Emma Gonzalez
Retail
$50,000
2
UC
17
Weldon Brookshire
Tourism
*
*
UC
18
Wal-Mart
Retail
$1,000,000
25
Completed
$33,825,000
120
19
20
Proposed Capital Investment
Taxing Entity
Existing Tax Base
$750,000,000
% Increase
5%
Tax Rate
Cap Inv
City
$0.73460
$248,478
County
$0.35325
$119,487
School District
$1.37000
$463,403
Hospital District
$0.38602
$130,571
Other
$0.00000
$0
$2.84390
$961,939
Total Tax Rate
Slide 24
Slide 25
Short Term Challenges
The City’s visual appeal and appearance along the key
gateways and Main Street.
The lack of shopping, dining options producing
significant retail leakage to neighboring communities.
The lack of multi-family housing options.
The lack of workforce skills in the existing and emerging
workforce.
The lack of a broad base of community leadership.
Slide 26
Long Term Challenges
Enhance workforce programs and the skill set of the
existing and emerging workforce.
Create regional destination venues to complement and
build upon our existing and expanding tourism industry.
Consider the development of new and innovative
financing mechanisms to facilitate the quality growth of
the city and region.
Develop a business park focused on logistical services.
Identify, develop, nurture leadership development
opportunities.
Slide 27
2008 – 2009 Midyear Budget Adjustments
2009 - 2010 Budget Amendments
As of May 1, 2010
2009
2010
2010 Chgs
% of Total
ED sales tax
$225,000
$180,000
$180,000
57%
PRTC lease
$40,000
$40,000
$40,000
13%
SBA grant
$0
$98,257
$98,257
31%
Property sales
$0
$0
$0
0%
Community Facilities grant
$0
$0
$0
0%
Reeves County interlocal
$0
$0
$0
0%
Rural Rail District/rail user fee
$0
$0
$0
0%
Special projects
$0
$0
$0
0%
Other sources of revenue
$0
$0
$11,000
3%
$265,000
$318,257
$329,257
103%
Projected Revenue
Increase admin hours from SBA grant
Sale of PEDC properties, interest, other
20%
Advertising
Local event sponsorships
Website, CGI video
Aerial maps
$1,000
$0
$500
$0
$0
$0
$0
$0
$0
$3,000
$1,500
$2,500
$4,000
$1,500
$3,000
Medical benefits
$9,000
$9,000
$9,688
TMRS retirement
$7,000
$7,000
$7,000
Taxes-payroll
$4,500
$6,250
$6,250
$0
$0
$0
$20,500
$22,250
$22,938
$15,000
$0
$0
$0
$0
$0
$15,000
$0
$0
Promotional items
Mugs, coasters, other marketing, branding
0%
Benefits
Payroll expenses
Sub-total
Increased costs
7%
Business Retention Expansion
SBTC rehab loan
Business Appreciation Mixer
0%
Business Development
Special projects
SBA grant
Community facility
$500
$2,500
$2,500
$0
$98,257
$98,257
$0
$0
$0
$500
$100,757
$100,757
32%
Slide 28
2008 – 2009 Midyear Budget Adjustments cont.
Business Attraction
Commercial incentives
$7,000
$7,000
$7,000
WTNB loan for PHA prop
$40,000
$32,000
$25,000
$47,000
$39,000
$32,000
$7,200
$7,200
$7,200
$7,200
$7,200
$7,200
IEDC
$350
$0
$350
ICSC
$100
$100
$100
TEDC
$350
$350
$350
$1,000
$500
$500
$1,800
$950
$1,300
Office supplies
$2,000
$2,500
$2,500
Office furnishings
$5,000
$0
$0
Misc office
$1,000
$0
$0
Car allowance
Refi via TLF
13%
2%
Dues and subscriptions
Other (Lions, Rotary)
0%
Office supplies
Tile work
Office rent
Office utilities
$5,000
$0
$0
$13,000
$2,500
$2,500
$6,000
$6,000
$6,000
1%
$6,000
$6,000
$6,000
$12,000
$12,000
$12,000
4%
$300
$500
$250
0%
$0
$0
$0
0%
Accounting
$4,500
$5,000
$5,000
Audit
$3,500
$3,500
$3,500
Legal
$12,500
$5,000
$7,500
Increased activity
Surveying
$3,500
$0
$5,000
ROW dedications, other
***
$0
$5,000
Structural assessments
Postage
Printing & publications
Professional services
Architect/engineering
Other prof svcs
$0
$0
$0
$24,000
$13,500
$26,000
4%
Slide 29
2008 – 2009 Midyear Budget Adjustments cont.
Repairs & maintenance
$2,000
$200
$1,000
0%
Increased activity
Telephone
$4,800
$4,800
$4,000
2%
Office
*
*
*
Cellular
*
*
*
IEDC (ED)
$0
$0
$0
ICSC (Retail)
$0
$0
$0
TEDC (ED)
$6,000
$3,000
$3,000
Other (CDFA, special projects)
$6,000
$5,000
$5,000
$12,000
$8,000
$8,000
$1,300
$1,200
$1,000
Board training
$0
$0
$3,763
IEDC conference
Board travel
$0
$0
$3,656
IEDC conference
$1,300
$1,200
$8,419
Executive Director
$82,000
$82,000
$82,000
Admin Asst
$15,000
$15,000
$15,000
$97,000
$97,000
$97,000
31%
Total Expenses
$262,400
$311,357
$326,364
100%
Surplus/deficit
$2,600
$6,900
$2,893
Travel & training
3%
Board meeting expenses
Board meetings
0%
Wages
Total Wages
Slide 30
Summary
Pecos is emerging as a leader in attracting new capital
investment and job growth in the TransPecos region.
There are many opportunities for expansion and
diversification of the economy.
Community must create a vision and prioritize these
opportunities, as a broad base of funding sources will be
needed for effective implementation and to assure
quality.
Focus will be on 4 key industry sectors and on creating
high quality, high paying jobs, creating community wealth,
and on investing into the enhancement of our quality of
life.
The PEDC is working to create a broad base of
business and community leadership.
Pecos Economic Development
Corporation
Building Upon Pecos’ Comparative Advantages
April 2010
Rediscover Pecos
Slide 2
Board of Directors
Danny Rodriguez - President
Leo Hung - Vice President
Barry Naude - Secretary/Treasurer
Directors
Venetta Seals
Hugh Box
Wally Moon
Joseph Torres
Bill Oglesby- Executive Director
Esperanza Garcia – Executive Assistant
Slide 3
Executive Summary
Pecos is focused on 4 comparative advantages that build
upon Pecos’ strengths.
Pecos will focus on building upon its
logistical/transportation advantages.
Pecos will focus on attracting the renewable energy
industry (solar/wind/biofuels).
Pecos will focus on supporting its TAMU centers of
influence via Texas AgriLife and Pecos Research & Testing
Center (PRTC).
Pecos will focus on creating a Small Business Technology
Center to assist existing businesses and offer the
community a number of technology services.
Slide 4
Pecos is emerging as a logistics center anchored by
the 500-acre Montane Logistics rail-served industrial
park and the emerging industrial corridor west of
Pecos.
Pecos will partner with the Pecos Valley Southern
Railway shortline to facilitate their growth and
expansion.
Pecos is emerging as a prime site for the solar power
generation industry and algae-based, biofuels research
projects.
Pecos is realizing significant investments by affiliates of
the Texas A&M University System in renewable energy
and federal government programs.
Slide 5
Pecos’ location at the intersection of IH-20 and US-285,
coupled with a Union Pacific main rail line, builds upon
our base of existing transportation infrastructure.
Reeves County Commissioners Court has approved the
creation of a Rural Rail Transportation District (RRTD)
that will contribute to developing the transportation
infrastructure required to facilitate the development of
the 500-acre Montane Logistics Industrial Park and the
expansion of Pecos Valley Southern Railway.
Slide 6
Slide 7
The creation of a Rural Rail Transportation District (RRTD)
will facilitate the development of transportation
infrastructure to support emerging industrial corridors
throughout the City and County.
The creation of a new tax increment financing (TIF) district
will entice Developers to invest along our gateways and
serve to enhance the aesthetics of IH20.
The emerging Comprehensive Plan will facilitate the
prioritization of our limited financial resources and outline
clear plans for the future of the city.
The emerging Historic District Redevelopment Plan and
Charrette being coordinated by the UTSA Institute for Rural
Development and the Department of Architecture &
Planning, should enhance the coordination and uses of HOT
tax in this strategic corridor of the City.
Slide 8
Logistical/Transportation Advantages
Pecos offers some comparative advantages due to its
transportation infrastructure—IH-20, US-285, Union Pacific
mainline.
TXDOT and Union Pacific are collaborating and investing almost
$500,000 on improving the rail crossing at IH-20 and County Road
(CR) 408 to begin in June 2010.
PEDC contracted with Parkhill Smith Cooper to create preliminary
design and cost estimate for proposed diamond interchange at IH20 and CR 408.
Reeves County is finalizing contract with Raba Kistner
Infrastructure to create a Rural Rail Transportation District (RRTD)
and to provide counsel on its planning and development.
PEDC considering recommending the creation of a Transportation
Reinvestment Zone (TRZ) to serve as one of the funding
mechanisms for the RRTD operations.
Other funding sources for the RRTD will be grants, rail user fees,
and loans.
Slide 9
IH-20/CR 408 Proposed Interchange
Slide 10
Attracting Renewable Energy Industry
~Biofuels
The PEDC is collaborating closely with the Texas A&M
University and its affiliates and partners, to attract new
research, investments and jobs to Reeves County.
Reeves County is the site of ongoing algae-based
biofuels research and continues to be considered for
federal projects.
State leaders are being encouraged to entice Texas
corporations to invest into biofuels research in Texas,
rather than outside the State (Colorado, California).
Slide 11
Slide 12
~Solar Power Generation
Reeves County is under consideration on a
number of solar power generation projects.
PEDC collaborating with Public Utilities
Commission (PUC), ERCOT and other State
agencies, to position Reeves County to
compete in attraction of this emerging
industry.
Existing electric transmission lines will
require some enhancements and the
extension of the existing grid to move
electricity to the urban markets.
Slide 13
Enhance TAMU Centers of Influence
TAMU has significant presence in Reeves County in Texas AgriLife campus
west of the City and in the Texas Transportation Institute (TTI) research
being conducted at the Pecos Research & Testing Center (PRTC).
TTI has teaming agreement with Applied Research Associates (ARA), a
premier research and engineering consultant conducting transportation
and US Department of Defense (DOD) research.
TTI also encouraged Tubular Rail, a Houston group developing commuter
and High Speed Rail systems, to consider 2-mile test track at PRTC.
Tubular Rail systems are under consideration by US DOT, TXDOT and
other transportation groups.
Tubular Rail technology, if proven, could lead to major testing facility at
PRTC and be impetus for creating a new transportation industry in US.
PEDC is also collaborating with a New York company to conduct some
radar research via at the PRTC a Federal earmark.
This research could generate some significant activities at the PRTC and
would encourage additional research.
PEDC will be enhancing partnership with each of these entities to
encourage greater coordination and collaborations with TAMU.
TAMU centers of influence lay the foundation for greater investments,
research and high quality job creation.
Slide 14
~Pecos Research and Testing Center
PRTC Collaborations continue with the Texas Transportation
Institute (TTI), an affiliate of TAMU, and Applied Research
Associates (ARA), to grow high quality, technology jobs at the
Pecos Research & Testing Center (PRTC).
A number of grants and other funding opportunities are being
actively pursued to facilitate the attraction of scientific and
engineering jobs to Pecos and the region.
Slide 15
Slide 16
Create Small Business Technology
Center (SBTC) in Historic District
Pecos was recipient of $98,257 Federal earmark from
Congressman Ciro Rodriguez in 2009.
Earmark designated funding to increase the presence of the Sul
Ross SBDC and the acquisition of office equipment to significantly
enhance the scope and quality of technology services available in
Pecos.
UTSA Institute of Rural Development is also intimately involved in
developing and assisting in the implementation of this small
business initiative.
Sul Ross SBDC in process of recruiting full-time Rural Business
Advisor (RBA) to be officed in Pecos to better serve small
businesses throughout Reeves County.
PEDC is pursuing Federal and State grants to redevelop a property
in the Historic District that would house the RBA, Main Street, a
FedEx Office style copy/mail center, and possibly a small business
incubator at this facility.
UTSA Department of Architecture & Planning in process of
coordinating a Historic District charrette that will provide further
impetus to this SBTC initiative.
Slide 17
Slide 18
Accomplishments
Over 20 new homes have been completed, adding $3 million to the
property tax base.
Many existing residences have also made improvements to their homes,
adding over $1 million to the tax base.
PEDC role in Offers to Purchase realizing greater returns on sales and
redevelopment of both residential and commercial properties.
Other housing development initiatives are under consideration to include
single-family and multi-family housing.
Collaborations on the development of the Montane Logistics Industrial
Park continue.
Reeves County has approved the creation of a Rural Rail Transportation
District (RRTD) that will provide impetus to the Montane Logistics
Industrial Park, Pecos Valley Southern Railway, and other rail and
transportation initiatives throughout Reeves County.
Slide 19
Texas Agrilife biofuels research under consideration by DARPA
(Defense Advanced Research Projects Agency), a Federal agency for
DOD research.
Pecos under consideration on a number of major renewable
energy projects that would attract hundreds of millions of dollars
of new capital investment and higher-skilled, higher paying jobs.
UTSA Institute of Rural Development investing substantial
resources into PEDC and is using City as example of successful
rural development.
Sul Ross SBDC is serving significantly more clients from Reeves
County, that will assist small business growth and development.
The PRTC is realizing significantly greater research activities,
increasing its presence as a research center.
Slide 20
Pecos Economic Development Corporation
Sul Ross SBDC Client List
May 2010
#
Company
Business Type
Contact
E/S
Proj Sales
P, UC, Comp
# BRE
1
West Texas Dream Homes
Residential, commercial contractor
Tony Briones
E
$1,000,000
Completed
2
Start up
Commercial laundry
Lupe Michaelis
S
$100,000
P
3
Start up
Soda/ice cream shop
Gene Pimm
S
$50,000
P
4
Keller Williams Realty
Real estate office
Linda Tobias
E
$100,000
P
5
Start up
Gym workout center
Gabriel Rodriguez
S
*
P
6
Merle Norman Cosmetics
Services
Marcia McCormick
S
$100,000
UC
7
Pecos Marketing
Promotional items
Toni Tillis
E
$50,000
Completed
8
Pecos Café
Coffee shop/restaurant
NA
S
$75,000
P
9
Donut Shop
Restaurant
Flores
E
$50,000
Closed
10 Pecos Arts/Loft
Art Gallery
Sandra Renteria
S
$250,000
Completed
11 Community Ventures Group
Community Development
NA
S
$500,000
UC
12 Start up
Hair Salon
Lorena Estrello
S
*
P
13 Texsand
Logistics
Farrell Arceneux
E
$15,000,000
UC
14 Gunther Salt
Manufacturer
Peter Gunther
E
$10,000,000
P
15 Start up
Personal services
Jessica Anaya
S
$50,000
Completed
16 SBTC
Business development services
Rob Tobias
S
$98,257
P
17 Crazy Lady Beads
Crafts
Kerry Santisteban
S
$100,000
Completed
18 Border Melons
Agriculture
Darin Borders
E
$1,000,000
P
19 Budget Inn
Hotel restaurant
Juliet Tien
E
$100,000
P
20 Juliet Tien
Retail shop in Historic District
Juliet Tien
S
$250,000
P
21 Start up
Landscaping
Santiago Garcia
S
$25,000
P
22 Crystal Reyes
Daycare
Crystal Reyes
S
$100,000
P
23 Eagles Daycare
Daycare
Tammy Ortega
E
$100,000
P
24 Start up
Downtown redevelopment
Olga Lopez
S
$100,000
P
25 Start up
Restaurant
Yolanda Hinojos
S
$100,000
P
6
26 Emma's Varieties
Retail shop in Historic District
Emma Gonzalez
E
$50,000
UC
7
27 Casas Construction
Residential, commercial contractor
Johnny Casas
S
$500,000
UC
8
28 Dale Finley
Public storage facility
Dale Finley
S
$250,000
P
29 Steve Valenzuela
Sports Bar
Steve Valenzuela
S
$1,200,000
UC
30 Jackson Shaw Development
GSA Development
Jason Nunley
S
$3,000,000
P
31 Barry Lewis
Gas/convenience store
Barry Lewis
S
$750,000
P
10
32 Custom Mufflers
Auto services
Jason Lopez
E
$200,000
P
11
33 Pecos Café
Café/bar
Jason Lopez
S
$100,000
P
12
34 Rita's Flowers
Flower shop
Mario Payen
E
$50,000
P
35 Party Things
Retail shop in Historic District
Elisa Lujan
E
$50,000
P
36 Artist
Retail shop in Historic District
Joe Swenson
E
$50,000
P
Existing
14
39%
Start up
22
61%
36
100%
$35,498,257
1
2
3
4
5
9
12 new clients
Slide 21
A number of small businesses have purchased and are
redeveloping properties in the Historic District.
A number of small businesses are considering business
locations in the Historic District, but will require
assistance in the reparations of the roofs.
UTSA Institute of Rural Development and Department
of Architecture & Planning should have finalized Historic
District Redevelopment Plan and Charrette by years’
end.
Greater regional, state and national collaborations and
partnerships with Federal, State and regional resources
are in place and providing greater resources to Reeves
County.
Slide 22
Sandra Renteria, Winking Owl Art Gallery
Emma Gonzalez, Emma’s Varieties
Weldon Brookshire, Classic Car Museum
Slide 23
Accomplishments
Pecos Economic Development Corporation May 2010
Projects Under Construction, Completed
Jobs
#
Project
Industry
Cap Inv
Ret/Created
Status
Completed
1
Best Western, Swiss Chalet
Tourism
$5,000,000
15
2
Comfort Suites
Tourism
$5,000,000
10
UC
3
Sandra Renteria
Retal/services
$50,000
2
Completed
4
Holiday Inn Express
Tourism
$5,000,000
10
Completed
5
Hampton Inns
Tourism
$5,000,000
15
Completed
6
Oak Tree Hotel
Tourism
$1,000,000
2
Completed
7
Single-family housing
Housing
$3,000,000
5
Completed
8
Rural Health Clinic
Healthcare
$5,000,000
20
UC
9
Pecos Economy Inn
Tourism
$1,000,000
8
Completed
10
TTI/Applied Research Associates
Research
$1,000,000
2
Completed
11
TAMU Biofuels grant
Renewable Energy
$1,000,000
2
Completed
12
Pecos EDC
Services
$100,000
1
Completed
13
Rural Rail Transportation District
Transportation
$25,000
*
Completed
14
TXDOT/UP Railway Improvements
Transportation
$500,000
*
UC
15
Texsand
Oil/gas
$100,000
1
Completed
16
Emma Gonzalez
Retail
$50,000
2
UC
17
Weldon Brookshire
Tourism
*
*
UC
18
Wal-Mart
Retail
$1,000,000
25
Completed
$33,825,000
120
19
20
Proposed Capital Investment
Taxing Entity
Existing Tax Base
$750,000,000
% Increase
5%
Tax Rate
Cap Inv
City
$0.73460
$248,478
County
$0.35325
$119,487
School District
$1.37000
$463,403
Hospital District
$0.38602
$130,571
Other
$0.00000
$0
$2.84390
$961,939
Total Tax Rate
Slide 24
Slide 25
Short Term Challenges
The City’s visual appeal and appearance along the key
gateways and Main Street.
The lack of shopping, dining options producing
significant retail leakage to neighboring communities.
The lack of multi-family housing options.
The lack of workforce skills in the existing and emerging
workforce.
The lack of a broad base of community leadership.
Slide 26
Long Term Challenges
Enhance workforce programs and the skill set of the
existing and emerging workforce.
Create regional destination venues to complement and
build upon our existing and expanding tourism industry.
Consider the development of new and innovative
financing mechanisms to facilitate the quality growth of
the city and region.
Develop a business park focused on logistical services.
Identify, develop, nurture leadership development
opportunities.
Slide 27
2008 – 2009 Midyear Budget Adjustments
2009 - 2010 Budget Amendments
As of May 1, 2010
2009
2010
2010 Chgs
% of Total
ED sales tax
$225,000
$180,000
$180,000
57%
PRTC lease
$40,000
$40,000
$40,000
13%
SBA grant
$0
$98,257
$98,257
31%
Property sales
$0
$0
$0
0%
Community Facilities grant
$0
$0
$0
0%
Reeves County interlocal
$0
$0
$0
0%
Rural Rail District/rail user fee
$0
$0
$0
0%
Special projects
$0
$0
$0
0%
Other sources of revenue
$0
$0
$11,000
3%
$265,000
$318,257
$329,257
103%
Projected Revenue
Increase admin hours from SBA grant
Sale of PEDC properties, interest, other
20%
Advertising
Local event sponsorships
Website, CGI video
Aerial maps
$1,000
$0
$500
$0
$0
$0
$0
$0
$0
$3,000
$1,500
$2,500
$4,000
$1,500
$3,000
Medical benefits
$9,000
$9,000
$9,688
TMRS retirement
$7,000
$7,000
$7,000
Taxes-payroll
$4,500
$6,250
$6,250
$0
$0
$0
$20,500
$22,250
$22,938
$15,000
$0
$0
$0
$0
$0
$15,000
$0
$0
Promotional items
Mugs, coasters, other marketing, branding
0%
Benefits
Payroll expenses
Sub-total
Increased costs
7%
Business Retention Expansion
SBTC rehab loan
Business Appreciation Mixer
0%
Business Development
Special projects
SBA grant
Community facility
$500
$2,500
$2,500
$0
$98,257
$98,257
$0
$0
$0
$500
$100,757
$100,757
32%
Slide 28
2008 – 2009 Midyear Budget Adjustments cont.
Business Attraction
Commercial incentives
$7,000
$7,000
$7,000
WTNB loan for PHA prop
$40,000
$32,000
$25,000
$47,000
$39,000
$32,000
$7,200
$7,200
$7,200
$7,200
$7,200
$7,200
IEDC
$350
$0
$350
ICSC
$100
$100
$100
TEDC
$350
$350
$350
$1,000
$500
$500
$1,800
$950
$1,300
Office supplies
$2,000
$2,500
$2,500
Office furnishings
$5,000
$0
$0
Misc office
$1,000
$0
$0
Car allowance
Refi via TLF
13%
2%
Dues and subscriptions
Other (Lions, Rotary)
0%
Office supplies
Tile work
Office rent
Office utilities
$5,000
$0
$0
$13,000
$2,500
$2,500
$6,000
$6,000
$6,000
1%
$6,000
$6,000
$6,000
$12,000
$12,000
$12,000
4%
$300
$500
$250
0%
$0
$0
$0
0%
Accounting
$4,500
$5,000
$5,000
Audit
$3,500
$3,500
$3,500
Legal
$12,500
$5,000
$7,500
Increased activity
Surveying
$3,500
$0
$5,000
ROW dedications, other
***
$0
$5,000
Structural assessments
Postage
Printing & publications
Professional services
Architect/engineering
Other prof svcs
$0
$0
$0
$24,000
$13,500
$26,000
4%
Slide 29
2008 – 2009 Midyear Budget Adjustments cont.
Repairs & maintenance
$2,000
$200
$1,000
0%
Increased activity
Telephone
$4,800
$4,800
$4,000
2%
Office
*
*
*
Cellular
*
*
*
IEDC (ED)
$0
$0
$0
ICSC (Retail)
$0
$0
$0
TEDC (ED)
$6,000
$3,000
$3,000
Other (CDFA, special projects)
$6,000
$5,000
$5,000
$12,000
$8,000
$8,000
$1,300
$1,200
$1,000
Board training
$0
$0
$3,763
IEDC conference
Board travel
$0
$0
$3,656
IEDC conference
$1,300
$1,200
$8,419
Executive Director
$82,000
$82,000
$82,000
Admin Asst
$15,000
$15,000
$15,000
$97,000
$97,000
$97,000
31%
Total Expenses
$262,400
$311,357
$326,364
100%
Surplus/deficit
$2,600
$6,900
$2,893
Travel & training
3%
Board meeting expenses
Board meetings
0%
Wages
Total Wages
Slide 30
Summary
Pecos is emerging as a leader in attracting new capital
investment and job growth in the TransPecos region.
There are many opportunities for expansion and
diversification of the economy.
Community must create a vision and prioritize these
opportunities, as a broad base of funding sources will be
needed for effective implementation and to assure
quality.
Focus will be on 4 key industry sectors and on creating
high quality, high paying jobs, creating community wealth,
and on investing into the enhancement of our quality of
life.
The PEDC is working to create a broad base of
business and community leadership.