Rockwall Economic Development Corporation

What Rockwall Economic Development Corporation does

Rockwall Economic Development Corporation (REDC) is a private, non-profit economic development organization chartered in 1996 under Texas law as the primary economic development arm of the City of Rockwall, Texas. REDC recruits, retains, and expands industry within Rockwall County, a sub-market of the Dallas-Fort Worth Metroplex located 23 miles east of downtown Dallas along Interstate 30. Its core service offering is enterprise-level business attraction — direct engagement with corporate decision-makers and site selectors to facilitate site selection, negotiate incentives, and connect companies with workforce training programs. The organization serves companies in four targeted verticals: Advanced Manufacturing, Aerospace & Defense, Professional Services, and Food Processing, with a particular emphasis on semiconductor, electronics, and industrial manufacturing given favorable regional talent concentration.

REDC's product portfolio is service-oriented rather than technology-based. It includes the Rockwall Technology Park (home to Pratt Industries and L3Harris Comcept division), an Available Properties database covering industrial, office, and retail space, two newly acquired Class A office development sites along Lake Ray Hubbard, and workforce development programs including a Recruitment/Retention Grant (up to $5,000 per employer), Skills Development Fund facilitation ($1,800-$2,000 per trained employee), and partnerships with Dr. Gene Burton College & Career Academy and Collin College Technical Campus. The organization does not develop proprietary technology.

REDC's revenue model is non-commercial: it is funded through Tax Increment Reinvestment Zone (TIRZ) receipts, where a portion of property tax revenues from new development is reinvested into the organization. It does not sell products or services to businesses; rather, it deploys financial incentives (workforce grants, tax incentives) and site selection assistance to attract employers. Notable recent wins include Pratt Industries' 346,000 SF expansion (announced June 2026) and Mpact Home Services Company's HQ relocation creating 250+ jobs and approximately $44M in taxable activity (announced June 2026). The organization is led by President Matt Wavering following a leadership transition in January 2026.

Name

Rockwall Economic Development Corporation

Legal name

Rockwall Economic Development Corporation

Website

https://rockwalledc.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1–10 employees

Short description

Rockwall Economic Development Corporation is a non-profit organization founded in 1996 that recruits, retains, and expands businesses in Rockwall, Texas. It serves enterprise companies in Advanced Manufacturing, Aerospace & Defense, Professional Services, and Food Processing through site selection, incentives, and workforce development.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Civic and Social Organizations (813410)

SIC

Services-Management Services (8741)

akta.pro primary industry

Community Foundations (BPAGAKAB)

akta.pro secondary industry

Corporate Foundations & CSR Grantmaking (BPAGAKAC)

Keywords

• Economic development services
• Business site selection
• Workforce development programs
• Commercial real estate facilitation
• Financial incentive programs

Headquarters

HQ city

Rockwall

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Infrastructure, Others

Revenue model

1. Tax Increment Reinvestment Zone (TIRZ) Funding: The EDC is funded through tax increment financing, where a portion of property tax revenues generated by new development is reinvested into the organization to fund economic development activities.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Rockwall Economic Development Corporation (REDC) recruits, retains, and expands businesses in Rockwall, Texas by delivering site selection assistance, workforce development grants and training programs, financial incentives (tax-based and workforce grants), and commercial real estate facilitation through assets such as the Rockwall Technology Park, Class A office development sites, and an Available Properties database. The organization operates as the primary economic development arm of the City of Rockwall, connecting companies with local workforce, education, and incentive resources to support relocation and expansion projects.

Product overview

Rockwall Economic Development Corporation (REDC) is a single-entity economic development organization that provides a comprehensive portfolio of business location, workforce development, and incentive services to attract and retain companies in Rockwall, Texas. The organization operates as a unified service offering rather than a platform-plus-modules architecture. Core services include commercial real estate facilitation (Available Properties Database, Class A Office Development Sites, Rockwall Technology Park), workforce development programs (Workforce Recruitment/Retention Grants, Skills Development Fund partnerships, Dr. Gene Burton College & Career Academy, Collin College Technical Campus access), targeted industry support for Aerospace & Defense, Professional Services, Food Processing, and Advanced Manufacturing sectors, and business site selection assistance. The REDC functions as the primary economic development arm of the City of Rockwall since 1996.

Differentiator

Problem solved

Functional benefit

Products and services

• Rockwall Technology Park Industrial and technology-focused business park offering sites for manufacturing and corporate headquarters operations. Home to major employers including Pratt Industries and L3Harris Comcept division. Available to companies seeking to locate industrial or corporate headquarters operations in Rockwall.
• Class A Office Development Sites Land available for Class A office development along Lake Ray Hubbard, including two premier sites acquired in 2024 with combined capacity for over 500,000 SF of Class A office space. Offered to corporate office users and professional services firms seeking premium development opportunities.
• Available Properties Database Commercial real estate search tool covering industrial, office, and retail properties within the City of Rockwall, supporting filtering by size, use type, and ownership structure. Provided to companies evaluating relocation or expansion sites in Rockwall.
• Business Site Selection Services Site selection assistance for companies evaluating relocation or expansion in Rockwall, including available land, existing facilities, lease options, labor market data, and incentive program navigation. Provided to enterprise companies across targeted industries including advanced manufacturing, aerospace & defense, food processing, and professional services.
• Workforce Recruitment and Retention Grant Program Grant program providing up to half of marketing and recruitment expenditures (up to $5,000) for hard-to-recruit positions, plus 100% coverage (up to $5,000) for job fair expenditures and employee retention support. Available to qualifying primary employers locating or expanding in Rockwall.
• Skills Development Fund / Skills for Small Business Texas Workforce Commission-funded customized training programs facilitated through Workforce Solutions of North Central Texas, with funding allocations of typically $1,800-$2,000 per trained employee for existing and new workers. Available to Rockwall employers for skills development.
• Dr. Gene Burton College & Career Academy Partnership Program Workforce education partnership offering career pathways for students in manufacturing, robotics, STEM, architecture, construction, and business programs with dual credit options from local community colleges. REDC facilitates partnerships between local companies and GBCCA for curriculum development and internship/apprentice programs.
• Collin College Technical Campus Access Partnership providing employers access to a 340,000 SF technical training facility in Allen, Texas offering training in electronic engineering technology, automation, robotics, computer-aided drafting, and welding. REDC facilitates educate-to-hire partnerships with area companies.

Quantifiable outcome

• 2.92 million workers available within 45-minute drive time
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Dr. Gene Burton College & Career Academy (GBCCA)coreStrategic or Co-development PartnerGBCCA offers career pathways for students including manufacturing, robotics, STEM, and business programs. REDC facilitates partnerships between local companies and GBCCA for curriculum development and internship/apprentice programs, supporting the future workforce pipeline for Rockwall employers.
• Collin College / Collin College Technical CampuscoreStrategic or Co-development PartnerCollin College serves 50,000+ students across 11 locations. Their new 340,000 SF Technical Campus in Allen offers state-of-the-art training in automation, robotics, welding, and electronic engineering. REDC staff have facilitated tours leading to educate-to-hire partnerships with area companies.
• Workforce Solutions of North Central TexascoreStrategic or Co-development PartnerThe local branch of the Texas Workforce Commission serves a 14-county region, providing recruitment and training programs, laborshed data, child care financial aid, and tax credit opportunities for Rockwall companies.
• Texas Workforce CommissioncoreStrategic or Co-development PartnerProvides Skills Development Fund and Skills for Small Business programs offering $1,800-$2,000 per trained employee for customized training facilitated through local colleges, helping businesses stay competitive.
• L3Harris Comcept Division (Property Owner)minorChannel Partner/ Reseller/ DistributorL3Harris Comcept division sold their 29,500 SF facility in Rockwall Technology Park to Mpact Home Services Company, facilitated by REDC collaboration. This represents a property transaction enabling corporate headquarters relocation.

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Allen Economic Development Corporation: Direct peer - DFW suburb EDC with overlapping service area and similar workforce development partnerships (Collin College Technical Campus). Competes for the same corporate and professional services tenants.
• Plano Economic Development Group: Direct peer - DFW-area economic development corporation attracting corporate headquarters and advanced manufacturing to Plano. Same customer base (corporate relocations, Class A office seekers) and same DFW I-30/Central corridor competitive set.
• McKinney Economic Development Corporation: Direct peer - DFW suburb EDC with comparable workforce development focus and corporate attraction strategy. Competes directly for advanced manufacturing and aerospace/defense tenants in North Texas.
• Frisco Economic Development Corporation: Direct peer - DFW suburb EDC focused on corporate HQ attraction and professional services. Competes with REDC for the same corporate relocation pool along the North Texas growth corridor.

Broad incumbents

• Greater Waco Economic Development Corporation: Regional Texas EDC competitor - serves as a competing destination for mid-sized manufacturing relocations when companies weigh North Texas against Central Texas. Same incentive toolkit (TIRZ, workforce grants) and similar target industries.
• San Antonio Economic Development Foundation: Larger Texas EDC with broader geographic reach and deeper incentive pool. Competes for the same California-to-Texas corporate relocation pipeline and aerospace/defense projects.

Others

• Texas Economic Development Corporation: State-level nonprofit that markets Texas as a business destination globally. Not a direct competitor but a complementary marketing channel that REDC leverages for inbound leads.
• Workforce Solutions of North Central Texas: Adjacent partner/ecosystem entity - the local Texas Workforce Commission branch that facilitates REDC's $1,800-$2,000 per-worker training grants. Treated as a peer because of the jointly administered Skills Development Fund, but is a partner rather than a competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/rockwalledc
• YouTubeyoutube.com/user/rockwalledc
• Facebookfacebook.com/rockwalledc
• LinkedInlinkedin.com/company/rockwall-edc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Rockwall Economic Development Corporation