The mission of the Economic Development includes assisting growth of existing businesses and industries as well as attracting new businesses and industries into Queen City. It has the authority to approve projects that the board determines as contributing to the promotion or development of new or expanded business enterprise.
The board has adopted a set of by-laws and requirements that must be met by those requesting assistance.
Before spending 4B sales tax revenue, corporations are required to hold at least one public hearing on the proposed project that will be funded by the tax.
By law, cities may use money raised by this sales tax for a wide variety of projects including land, buildings, equipment, facilities, and related improvements
The revenue may also be used for sports facilities, entertainment, tourist, convention and public park facilities, municipal buildings, street, water and sewer facilities, and maintenance and operating costs associated with such projects.
These are some of the businesses that the Queen City EDC have assisted with either grants or low interest loans.
Queen City Funeral Home
The Break of Day Breakfast Shop
Queen City Pawn
Welborn Extreme automotive
Holy Smoke and Sacred Grounds Coffee Shop
The Shops at Queen City
22- acres on U. S. Highway 59. Land is located between the two signal lights on the highway. Idea location for retail business. Land is owned by the Queen City Economic Development Corporation. Can be sold as a whole or can be divided. Grant, low-interest loan, tax incentives available for qualifying businesses. Contact Becky Collom, 214-642-9970 for more information.
Call the EDC secretary at 903-796-7986 for more information.