Since 1979, Texas law has allowed cities to form economic development corporations to attract businesses and create job opportunities. In l989, the Legislature amended The Development Corporation Act of 1979 to allow eligible cities the option of adopting a dedicated sales and use tax to fund industrial development projects.
The Industrial Park was created after Wills Point voted to approve a levy 0.05 of the authorized sales tax for the purpose of promoting economic development within the confines of the city. The administration of the Park consists of the Mayor and four directors. The Wills Point Economic Development Corporation is classified as §4A, meaning the sales tax is limited in use to industrial and manufacturing facilities, recycling facilities, distribution centers, small warehouse facilities, closed or realigned military bases, and some allowances in the areas of commercial business development, business airport facilities, and port-related facilities.
The Park consists of 146 acres fronting on U.S. Hwy 80 East of downtown Wills Point approximately one mile. The corporation has completed construction on $2,000,000 worth of infrastructure on the Park premises to better serve the industrial needs of the occupants. Improvements include concrete streets with curb and gutter, adequate water and sewer facilities for the entire Park, twenty-one fire plugs, and a stem tower to assure water supply for all customers in the Park.
The Park has been plotted in 5-7 acre tracts. Incentives for moving to the Park are available depending primarily on the number of new employees brought to the area. For more information contact Pam Pearson, Wills Point Economic Development Corporation Administrator, at (903) 873-3381.
EDC Board of Directors
President – Paul Sharp
Vice-President – Thomas Mitchell
Secretary / Treasurer – Dyde Manning III
Mayor – Mark Turner
The Wills Point Economic Website is currently under development and information packets are already available for download. You can visit here for more information.