- Home
- Business
- Economic Development
- Accomplishments
Accomplishments
Establishing a Corporation
The Llano Economic Development Corporation (LEDC) was incorporated in 1994 as a 4A Economic Development Corporation for the City of Llano, Texas. The corporation is governed by a citizen board following the true intent of the Texas Legislature as expressed in the Development Corporation Act of 1979. This act allows municipalities to create non-profit corporations (called development corporations) and levy up to .5% sales tax in order to promote local business development.
The development corporations operate separately from the municipalities, with boards of directors that over see their efforts. "The first meeting of the LEDC Board was held on October 4, 1994, with a beginning bank account of $17,000. The first project approved by the LEDC was improvements to the airport (pavement and hangars). The project was funded at almost $140,000. At the same time they also approved an expansion of the golf course from 9 to 18 holes.
At the beginning of 1995, the first LEDC budget was approved. Shortly afterward it was recognized that a 4A corporation could not fund the development of the golf course. In May 1995, the citizens of Llano voted to change from a 4A corporation to a 4B corporation, thus giving the board a wider latitude of economic development projects that it could fund. In July of 1995, the LEDC was reconstituted as a 4B corporation. View the LEDC Milestones (PDF) for a complete list of accomplishments for each year since 1994.
The Llano Economic Development Corporation (LEDC) was incorporated in 1994 as a 4A Economic Development Corporation for the City of Llano, Texas. The corporation is governed by a citizen board following the true intent of the Texas Legislature as expressed in the Development Corporation Act of 1979. This act allows municipalities to create non-profit corporations (called development corporations) and levy up to .5% sales tax in order to promote local business development.
The development corporations operate separately from the municipalities, with boards of directors that over see their efforts. "The first meeting of the LEDC Board was held on October 4, 1994, with a beginning bank account of $17,000. The first project approved by the LEDC was improvements to the airport (pavement and hangars). The project was funded at almost $140,000. At the same time they also approved an expansion of the golf course from 9 to 18 holes.
At the beginning of 1995, the first LEDC budget was approved. Shortly afterward it was recognized that a 4A corporation could not fund the development of the golf course. In May 1995, the citizens of Llano voted to change from a 4A corporation to a 4B corporation, thus giving the board a wider latitude of economic development projects that it could fund. In July of 1995, the LEDC was reconstituted as a 4B corporation. View the LEDC Milestones (PDF) for a complete list of accomplishments for each year since 1994.
Project |
Cost |
---|---|
Advertising in Various Publications / Website Promoting Llano and Tourism in Llano | $3,000 |
Bond Issues for Community Facilities Project (Llano Events Center) | $218,364 |
Community Facilities Project (Llano Events Center) | $12,375 |
Continued Maintenance to LanTex Theater | $4,000 |
Financial Support - Bethany and ZeeCon | $37,510 |
Financial Support of Main Street Managers' Winter Training Conference | $741 |
Financial Support of Western Trappings Art Show | $500 |
Main Street Beautification - Maintenance of Planters | $2,000 |
Main Street Façade and Restoration Grants - Including Trash Receptacles, Park Benches, and Hand Rails | $4,000 |
Project | Cost |
---|---|
Advertising in Various Publications Promoting Llano and Tourism in Llano | $4,000 |
Business Retention and Development | $6,500 |
Christmas Lighting Fund - Starry Starry Nights | $2,500 |
Completion of the Community Facilities Project | $2,061,297 |
Financial Support - Bethany and ZeeCon | $37,500 |
H.O.T. Fund - Special Event Support | $2,500 |
Main Street Beautification | $2,000 |
Main Street Façade and Restoration Grants | $8,000 |
New Neon for Signs, Popcorn Machine, Improved House Lighting and Continued Maintenance to LanTex Theater | $8,000 |
Project |
Cost |
---|---|
Advertising in Various Publications Promoting Llano and Tourism in Llano | $10,000 |
Business Retention and Development | $11,500 |
Christmas Lighting Fund - Starry Starry Nights | $5,000 |
Community Facilities Project | $210,000 |
Financial Support - Bethany and ZeeCon |
$93,308 |
Fuel Farm at Airport | $22,000 |
GIS Interactive Mapping Project | $35,000 |
Hoover Business Research | $1,300 |
Main Street Beautification | $8,000 |
Main Street Capital Fund Sidewalk Grant - South Side | $5,000 |
Main Street Facade and Restoration Grants | $14,000 |
Renovation and Continued Maintenance to LanTex Theater | $15,000 |
Special Event Support | $5,000 |
Project | Cost |
---|---|
Advertising in Various Publications Promoting Llano and Tourism in Llano |
$14,810 |
Business Retention and Development | $1,300 |
Electrical Upgrades to Badu Park | $6,135 |
Main Street Beautification | $7,052 |
Main Street Capital Fund Sidewalk Grant - South Side | $7,432 |
Main Street Façade Grants | $10,000 |
Planning, Research, and Development of MPEC | $44,430 |
Renovations and Continued Maintenance to LanTex Theater | $20,000 |
Repair and/or Replacement of Christmas Lights | $7,500 |
Storage Building for Christmas Lighting Projects at Badu Park | $3,865 |
Upgrades to Little League Fields | $10,000 |
Contact Us
-
Allen Hopson
President
Email
City Hall
301 W. Main St.
1st Floor
Llano, TX 78643
Ph: 830.992.9334
Hours
Monday - Friday
8 AM - 5 PM
Staff Directory
/QuickLinks.aspx