Overview
What is Mcallen Economic Development Corporation?
The Mcallen Economic Development Corporation, based in Mcallen, Texas, serves as a vital catalyst for driving the city's growth and development. With a team of five dedicated individuals, this nonprofit organization is committed to maintaining a leading role in industrial recruitment and expansion, aiming to increase job opportunities in the Mcallen-Reynosa area. They work in close collaboration with the mayor, city commission, local business, and the private sector to devise and implement strategic economic development plans. Their primary focus is on attracting and retaining businesses, thereby contributing to the continuous prosperity of the region.
Is Mcallen Economic Development Corporation legitimate?
Mcallen Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mcallen Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $311,412
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What is the mission statement of Mcallen Economic Development Corporation?
The McAllen Economic Development Corporation's mission is to maintain a leading role in industrial recruitment and expansion, aiming to increase job opportunities in the specified area. This mission is achieved by collaborating with the local mayor, city commission, chamber of commerce, businesses, and the private sector to strategize and implement crucial economic development plans that foster the growth and development of the region.
Who is the CEO of Mcallen Economic Development Corporation?
Mark Garcia is the Chairman of Mcallen Economic Development Corporation.
What is the revenue of Mcallen Economic Development Corporation?
Mcallen Economic Development Corporation's revenue in 2022 was $1,433,905.
Who are the executives of Mcallen Economic Development Corporation and what are their salaries?
The average compensation at Mcallen Economic Development Corporation during 2022 was $62,282. There are 5 employees at Mcallen Economic Development Corporation.
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Where can I find the form 990 for Mcallen Economic Development Corporation?
Mcallen Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mcallen Economic Development Corporation
The Mcallen Economic Development Corporation, in its mission, seeks to preserve its leading role in attracting and expanding industries within the McAllen-Reynosa area. This goal is achieved by fostering job creation, working collaboratively with the mayor, city commission, McAllen Chamber of Commerce, local businesses, and the private sector to strategize and implement economic development plans essential for the continued growth and advancement of McAllen. The corporation's primary objective is to design and execute critical economic development strategies, ultimately contributing to the ongoing development and prosperity of the city.
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Impact
October, 2024
The McAllen Economic Development Corporation (MEDC) plays a pivotal role in fostering industrial recruitment and expansion in the McAllen-Reynosa area. By prioritizing job creation, MEDC actively contributes to the economic vitality of the region, collaborating with key stakeholders, including the mayor, city commission, McAllen Chamber of Commerce, local businesses, and the private sector.
Through its strategic initiatives, MEDC focuses on planning and implementing economic development strategies that are essential for the sustained growth and development of McAllen. This collaborative approach not only enhances the area's attractiveness for new businesses but also supports existing local enterprises, thereby creating a robust economic environment.
The impact of MEDC is evident in the increased employment opportunities and strengthened local economy, which in turn fosters community improvement and enhances the quality of life for residents in McAllen and surrounding areas.
This information is meant to be a general summary of Mcallen Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $782
- Gross Receipts: $1,433,905
Assets and Liabilities:
- Total Assets: $577,418
- Total Liabilities: $69,848
- Net Assets: $507,570
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Organization Details
Founding Year
1988
Phone
(956) 682-4306Principal Officer
Mark Garcia
Main Address
6401 S 33RD ST, MCALLEN, TX, 78503
NTEE Category
Code: S41 - Community improvement
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