Overview
What is Matagorda County Economic Development Corporation?
The Matagorda County Economic Development Corporation, situated in Bay City, Texas, is a nonprofit organization dedicated to fostering economic growth in the region. In 2021, they actively promoted economic development by hosting site visits for at least 9 companies, responding to 11 requests for information and proposals from businesses across the nation and internationally, and supporting tax abatement applications for 5 companies. At the end of the year, they presented a strategic plan, outlining a roadmap for improving economic development in various sectors of Matagorda County. Their core mission is to encourage and promote economic development in or near Matagorda County, Texas.
Official website here: www.mcedc.net
Is Matagorda County Economic Development Corporation legitimate?
Matagorda County Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Matagorda County 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.
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Other Salaries and Wages: $82,140
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Official website here: www.mcedc.net
What is the mission statement of Matagorda County Economic Development Corporation?
The Matagorda County Economic Development Corporation's mission is focused on fostering and advocating for economic growth within the vicinity of Matagorda County, Texas. Their activities primarily involve promoting economic development, recruiting businesses, and providing relevant services. In 2021, they hosted site visits for at least nine companies and responded to requests for information and proposals from businesses across the United States and abroad. Additionally, they supported tax abatement applications for five companies. At the end of the year, the corporation presented a strategic plan outlining recommendations for enhancing economic development conditions throughout Matagorda County, serving as a roadmap for future improvements.
Official website here: www.mcedc.net
Who is the CEO of Matagorda County Economic Development Corporation?
Nate Mcdonald is the President of Matagorda County Economic Development Corporation.
Official website here: www.mcedc.net
What is the revenue of Matagorda County Economic Development Corporation?
Matagorda County Economic Development Corporation's revenue in 2022 was $339,191.
Official website here: www.mcedc.net
Who are the executives of Matagorda County Economic Development Corporation and what are their salaries?
The average compensation at Matagorda County Economic Development Corporation during 2022 was $16,428. There are 5 employees and 10 volunteers at Matagorda County Economic Development Corporation.
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Official website here: www.mcedc.net
Where can I find the form 990 for Matagorda County Economic Development Corporation?
Matagorda County Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcedc.net
Learn more at the official website: www.mcedc.net
Mission Statement of Matagorda County Economic Development Corporation
Matagorda County Economic Development Corporation, often abbreviated as MCEDC, is dedicated to fostering and stimulating economic growth within the vicinity of Matagorda County, Texas. Their primary objective is to encourage businesses to establish themselves in the area, thereby boosting the local economy. In order to achieve this, MCEDC engages in promotional activities, recruitment efforts, and offers various services to numerous businesses. Throughout 2021, they successfully hosted site visits for at least nine companies and responded to eleven requests for information and proposals from businesses across the United States and abroad. Additionally, they supported tax abatement applications for five companies during the same year. By the end of 2021, MCEDC presented a strategic plan, which serves as a roadmap for enhancing economic development conditions across all sectors of Matagorda County. This comprehensive plan aims to improve the overall economic landscape of the area, enabling businesses to thrive and contributing to the county's overall growth and development.
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Impact
October, 2024
The Matagorda County Economic Development Corporation (MCEDC) significantly impacts the region by fostering economic growth and development within Matagorda County, Texas. In 2021, MCEDC played a vital role in attracting businesses to the area, hosting at least nine companies for site visits and responding to eleven inquiries from businesses across the U.S. and internationally. This proactive approach not only showcases the county as a viable destination for new enterprises but also creates opportunities for local job creation and investment.
Moreover, MCEDC supported tax abatement applications for five companies, incentivizing their establishment in Matagorda County and further promoting economic vitality. By conducting research and presenting an economic development strategic plan at the end of 2021, MCEDC laid out a comprehensive blueprint aimed at enhancing economic conditions across the county. This plan not only highlights the organization’s commitment to long-term development but also provides guidance for future initiatives, ensuring that Matagorda County remains competitive in attracting and retaining businesses. Overall, the MCEDC's initiatives are crucial for driving sustainable economic growth and improving the overall quality of life in the community.
This information is meant to be a general summary of Matagorda County 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: $53,117
- Gross Receipts: $369,269
Assets and Liabilities:
- Total Assets: $849,696
- Total Liabilities: $2,541
- Net Assets: $847,155
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Organization Details
Founding Year
1995
Phone
(979) 245-8913Principal Officer
Nate Mcdonald
Main Address
1112 7TH STREET, BAY CITY, TX, 77414
Website
www.mcedc.netNTEE Category
Code: S30 - Community improvement
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