Texas Economic Development Corporation

What Texas Economic Development Corporation does

Texas Economic Development Corporation (TxEDC) is a 501(c)(3)-style non-profit organization founded in 1996 and headquartered in Austin, Texas, that markets Texas as a premier destination for business relocation and expansion. TxEDC serves site selectors, corporate executives, foreign investors, and Texas-based business leaders by providing information on tax structure, workforce, infrastructure, incentives, and industry clusters across 10 economic regions and 12 business sectors. Core deliverables include a website-based information portal (businessintexas.com), country-specific foreign direct investment pages for 11 international markets, success-story case studies featuring Fortune 500 relocations, and an investor program through which Texas-based companies fund the organization's statewide economic development mission.

Revenue mechanics blend state government grants (e.g., a $450,000 COSTEP grant for Rio South Texas programming disbursed over three years), private-sector investor program contributions, and partnerships with regional economic development organizations. Services are delivered free to companies evaluating Texas expansion. Distribution is a hybrid of direct enterprise engagement, international trade missions to India, Europe, Taiwan, South Korea, and Japan, regional EDO partnerships, and digital content (LinkedIn, Facebook, Instagram, YouTube, podcast, email newsletter). The underlying technology stack is a content-and-marketing website rather than a software platform — no proprietary products, APIs, or AI/ML capabilities are disclosed.

Leadership includes President and CEO Aaron Demerson, Board Vice Chair Arun Agarwal (CEO of Nextt, chairman of the Indian American CEO Council), Treasurer S. David Deanda Jr. (president of Lone Star National Bank since 2003), and board members drawn from senior executives of relocated Texas employers including Jim Lentz (former Toyota North America CEO) and Vicki Hollub (Occidental President & CEO). TxEDC is tightly coupled to the Office of Governor Greg Abbott and the Texas Economic Development & Tourism Office, operating as the quasi-public marketing arm for statewide business recruitment.

Name

Texas Economic Development Corporation

Legal name

Texas Economic Development Corporation

Website

https://businessintexas.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Texas Economic Development Corporation is a non-profit organization that promotes Texas as a business destination, serving site selectors, corporate executives, and foreign investors evaluating relocation or expansion through informational resources, international trade missions, and regional partnerships.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Administration of General Economic Programs (92611)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

Keywords

• Economic development services
• Business expansion consulting
• Site selection advisory
• Foreign direct investment
• State business promotion

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Others

Revenue model

1. Government Funding and Grants: TxEDC receives state government funding and grants to support economic development initiatives. Example: COSTEP grant of $450,000 for Rio South Texas economic development.
2. Private Sector Investment/Investor Program: TxEDC operates an investor program where Texas-based companies invest in the organization to support statewide economic development efforts and gain visibility as partners.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

Texas Economic Development Corporation markets Texas as a destination for business investment by providing free consultation, information resources, and partner introductions to companies evaluating expansion or relocation into the state. It operates the businessintexas.com portal with directories of Texas regions and business sectors, foreign-direct-investment country pages, success-story case studies, and rankings data, while conducting international trade missions, supporting regional EDOs such as COSTEP, and connecting site selectors, corporate executives, and government partners (Office of Governor Greg Abbott, Texas Secretary of State) to facilitate investment decisions.

Product overview

Texas Economic Development Corporation (TxEDC) operates a comprehensive information platform that promotes Texas as a premier business destination. The organization does not offer a unified software product but rather provides a suite of informational resources including a Business Climate Information Portal, Texas Regions Directory covering 10 economic regions, a Business Sectors Directory spanning 12 industries, Foreign Direct Investment Resources with country-specific pages, Success Stories Platform featuring company case studies, News & Resources Hub with industry reports, TxEDC Investor Portal, and Texas Rankings Dashboard. These resources collectively support companies evaluating expansion or relocation to Texas.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Climate Information Portal Web-based information portal providing data and resources on Texas business climate, including comparative advantages, tax environment, regulatory framework, and business-friendly policies, for site selectors and corporate executives.
• Texas Regions Directory Interactive directory covering 10 distinct economic regions of Texas with specialized industries, workforce strengths, and infrastructure assets for companies evaluating relocation or expansion.
• Business Sectors Directory Comprehensive sector guide covering 12 key industries in Texas including Advanced Manufacturing, Aerospace/Aviation/Defense, Biotechnology/Life Sciences, Information Technology, Energy Evolution, and others, for prospective investors and site selectors.
• Foreign Direct Investment Resources Resources and information for international companies considering investment in Texas, with country-specific pages for Brazil, Canada, France, Germany, India, Israel, Japan, Mexico, Republic of Korea, the Netherlands, and United Kingdom.
• Site Selection Consultation Services Free consultation and matchmaking services provided to enterprises evaluating Texas as a business destination, including direct engagement, introductions to regional EDOs and state agencies, and participation in international trade missions.
• TxEDC Investor Program Investor program in which Texas-based companies invest in TxEDC to support statewide economic development efforts and gain visibility as partners. Contact-of-record is Dr. Valerie G. Segovia.

Quantifiable outcome

• Companies choosing Texas benefit from 22+ consecutive years of #1 business state ranking
• +5 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Government of IndiacoreStrategic or Co-development Partner · 1 January 2018Governor Greg Abbott conducted a trade mission to India in 2018, becoming the first U.S. governor to meet with Indian Prime Minister Narendra Modi. This established significant Texas-India economic ties.
• COSTEP (Council for South Texas Economic Progress)coreStrategic or Co-development PartnerCOSTEP is TxEDC's newest investor representing a seven-county Rio South Texas region (Cameron, Hidalgo, Jim Hogg, Starr, Webb, Willacy, and Zapata). CEO Adam Gonzalez participates in international trade missions with TxEDC, the Office of Governor Greg Abbott, and regional partners to Europe (Germany, UK, France) to attract foreign investment to South Texas.
• El Paso ElectricminorStrategic or Co-development PartnerEl Paso Electric (EPE) is a TxEDC investor providing energy to 460,000 customers in the Texas-New Mexico border region. EPE serves as a member supporting TxEDC's economic development mission, recognized as Top Utility in Economic Development for 2024 by Site Selection magazine.
• Indian American CEO CouncilminorStrategic or Co-development PartnerTxEDC Board Vice Chair Arun Agarwal serves as chairman of the Indian American CEO Council, facilitating Texas-India economic partnerships and trade relations.
• Office of Governor Greg AbbottcoreStrategic or Co-development PartnerTxEDC works closely with the Office of the Governor's Texas Economic Development & Tourism Office on trade missions, business recruitment, and statewide economic development initiatives.
• Texas Secretary of StatecoreStrategic or Co-development PartnerTxEDC collaborates with Texas Secretary of State Jane Nelson on international trade missions and economic development partnerships.
• Lone Star National BankminorStrategic or Co-development PartnerTxEDC Board Treasurer S. David Deanda Jr. serves as president of Lone Star National Bank, representing South Texas banking sector interests on the TxEDC board.

Scale indicators13 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• JobsOhio: Ohio's private, nonprofit economic development corporation — structurally the closest analog to TxEDC, with a similar investor-funded nonprofit model, site selection focus, and state-level business attraction mandate.
• Arizona Commerce Authority: Arizona's public-private economic development organization with a similar nonprofit/public-partnership structure, competing with Texas in the Sun Belt for semiconductor, EV, and advanced manufacturing investments.
• North Carolina Department of Commerce: North Carolina's economic development division that recruits companies, supports site selection, and markets the state internationally — a frequent head-to-head competitor with Texas for major relocations.
• Empire State Development: New York's principal economic development organization, marketing the state to global investors and running attraction, retention, and expansion programs — directly comparable in mandate and constituency.
• Georgia Department of Economic Development: Georgia's state economic development agency operating global recruitment offices and site selection services; frequently cited as a top competitor to Texas in corporate relocation rankings.
• Florida Department of Economic Opportunity: Florida's statewide economic development arm, competing with Texas for business relocations through no-income-tax positioning and incentive packages, with comparable international outreach.
• Michigan Economic Development Corporation: Michigan's public-private economic development corporation with a comparable nonprofit-investor funding model, running site selection, business attraction, and international trade programs.
• California Governor's Office of Business and Economic Development (GO-Biz): California's state-level economic development office that recruits businesses, facilitates site selection, and runs international trade and investment missions — comparable in function and in competing head-to-head with Texas for corporate relocations.
• Virginia Economic Development Partnership: Virginia's nonprofit economic development authority that markets the Commonwealth to global investors and supports site selection — comparable structure and mission to TxEDC.
• Tennessee Department of Economic and Community Development: Tennessee's economic development agency that runs business recruitment, site selection, and incentive programs; consistently ranked among the top competing states for corporate expansions and relocations.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/GoBigInTexas
• YouTubeyoutube.com/channel/UCMVtDtn-nuM_w6XFph1tkjw/videos
• Facebookfacebook.com/GoBigInTexas
• LinkedInlinkedin.com/company/txedc
• Instagraminstagram.com/gobigintexas

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Texas Economic Development Corporation