By CATHY MOUNCE
Register Staff Writer
As the fiscal year closes September 30 for the Gainesville Economic Development Corporation (GEDC), the GEDC board is looking forward to exploring more possibilities to enhance Gainesville as a prime location for other companies that are looking to relocate or expand.
GEDC executive director Kent Sharp said that it has been an exciting year for the GEDC and for Gainesville with major business expanding into the area.
“In 2012 GAF expanded their operations to Gainesville creating jobs and helping the economy,” he continued. “And with the Valew expansion this year, we are excited about their new job opportunities coming to our area.”
Sharp reported that sales tax revenue for the GEDC has surpassed the $1 million budgetary expectations by approximately 30%. Final totals are estimated to be $1,303,262 for 2013.
Approved payment of $200,000 to North Central Texas College to procure equipment for the CNC machinery and welding training center was made on Monday. The machinery will be used to train a potential work force for companies moving into the north Texas area.
Approved payment of $210,00 for the Medal of Honor Park to built in Gainesville was also made this week. The date for completion of the project is pending.
GEDC president Tommy James said, “We are very proud of our progress this year and are looking forward to next year as we continue to work to bring added economic development to Gainesville, prosperity to our city and employment opportunities for our citizens.”