Forney Economic Development

What Forney Economic Development does

Forney Economic Development Corporation (FEDC) is a not-for-profit (4B) Economic Development Corporation founded in 1994 and headquartered in Forney, Texas. The organization operates as the marketing arm of the City of Forney, funded by a voter-approved quarter-cent dedicated sales tax, and is governed by a volunteer Board of Directors appointed by the Forney City Council. FEDC actively recruits new businesses, partners with existing businesses and industry, and provides concierge-style assistance through an 8-step development process. Since 1994, the corporation has facilitated over $650 million in capital investment and the creation of over 1,000 jobs in the Forney market.

FEDC's core services include business incentive and grant programs (facade grants up to $25,000, redevelopment grants $15,000-$50,000, new business entrepreneur grants $30,000, primary jobs incentives), interactive property search and site selection assistance, small business resources through SCORE mentorship and Prairie View A&M Extension workshops, workforce development partnerships with Dallas College, Texas Tech University, Trinity Valley Community College, and Forney ISD, and downtown revitalization initiatives. The organization targets six primary verticals: Advanced Manufacturing, Data Centers & Technology, Healthcare, Logistics, Professional Services, and Retail. There is no proprietary technology product; the organization operates through a website-based property search tool, direct staff engagement, and structured workshops.

FEDC's go-to-market is enterprise field sales combined with concierge-style assistance: two paid staff members (Economic Development Coordinator and Economic Development Specialist) work directly with business prospects on site selection, incentive negotiation, development permitting, and certificate of occupancy issuance, with large projects coordinated alongside the Forney City Council. Named customers and facilitated businesses include Amazon (1.08 million-sq-ft fulfillment center and 200,000-sq-ft distribution center), Goodyear (1.2 million-sq-ft distribution center), Costco (160,000 sq ft), BJ's Wholesale Club (first Texas location), H-E-B, Home Depot, Kroger Marketplace, Smurfit Westrock, Baylor Scott & White, Texas Health Resources, Steve Silver Company, ABOX Packaging, and Eric L. Davis Engineering. Marketing and distribution channels include the EDC website, the Small Business Series workshop program, a Tech and Innovation Initiative with Robotopia, the Business of the Month recognition program, SCORE mentoring, and an interactive property search map with Loopnet listings.

Name

Forney Economic Development

Legal name

Forney Economic Development Corporation

Website

https://forneytexasedc.org

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

Forney Economic Development Corporation is a not-for-profit 4B economic development organization founded in 1994 that recruits businesses, negotiates incentives, and facilitates site selection in Forney, Texas, funded by a voter-approved quarter-cent sales tax and serving enterprise and small business clients across manufacturing, logistics, healthcare, retail, and technology sectors.

Ownership category

akta.pro rank

Product category

Economic Development Services

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

Keywords

• Economic development
• Site selection assistance
• Business incentives
• Workforce development
• Downtown revitalization

Headquarters

HQ city

Forney

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Quarter-cent dedicated sales tax: The FEDC is a not-for-profit (4B) Economic Development Corporation funded in part by a voter-approved quarter-cent dedicated sales tax. Revenue is used to promote Forney for business and commercial development, recruit new businesses, and support existing businesses.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Forney Economic Development Corporation is a 4B not-for-profit economic development corporation that recruits, retains, and expands businesses in Forney, Texas. It delivers site selection assistance, business incentives (Triple Freeport tax exemption, Property Tax Rebate Program, Job Creation Incentive), workforce development support, a Small Business Initiative, a Tech and Innovation Initiative, and Downtown Revitalization services. Its funding comes from a voter-approved quarter-cent dedicated sales tax.

Product overview

Forney Economic Development Corporation is a not-for-profit (4B) economic development organization that provides economic development services rather than a software product. The organization offers a portfolio of business assistance programs including incentive and grant programs (Facade/Interior Incentive, Redevelopment Incentive, Small Business Incentive, New Business Entrepreneur Incentive, Primary Jobs Incentive), property search and site selection services, small business resources through SCORE partnership, workforce development programs with regional educational institutions, development process facilitation, and downtown revitalization initiatives. Since 1994, FEDC has facilitated over $650 million in capital investment and the creation of over 1,000 jobs.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• $650 million in capital investment facilitated since 1994
• +7 more outcomes

Named customers19 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

17 partnerships are on record, tiered core, minor, emerging and major.

• SCOREcoreStrategic or Co-development PartnerForney Economic Development has a collaboration with SCORE to support businesses by providing mentoring, classes, and small business resources. SCORE is a network of volunteers with a mission to support growth in the small business community. The local SCORE provides programming through FEDC, offering mentoring and business support to help strengthen the local economy.
• WalmartminorStrategic or Co-development PartnerFEDC partners with Walmart for small business development programming. Walmart Spark Good presentation was hosted by Forney EDC on June 18 (year unspecified).
• Prairie View A&M University (PVAMU) AgriLife ExtensioncoreStrategic or Co-development PartnerFEDC partners with Prairie View A&M University's AgriLife Extension's Community and Economic Development Unit for small business development programming. PVAMU Extension develops and delivers presentations for the Forney Small Business Series sessions, including workshops on non-profit formation and government contracting.
• Robotopia (Terrence Southern)emergingStrategic or Co-development PartnerForney EDC launched a Tech and Innovation Initiative in partnership with Robotopia, owned and operated by Terrence Southern. Robotopia will conduct workshops as part of the Tech and Innovation Workshop Series, with initial workshops held in April and May 2026. The initiative aims to grow Forney's tech and innovation ecosystem.
• Petro-Hunt, LLCcoreStrategic or Co-development PartnerPetro-Hunt, LLC, based in Dallas, owns the Gateway master-planned development spanning 2,000 acres. FEDC collaborates with Petro-Hunt on industrial and commercial development in Gateway, which includes over 500 acres of planned industrial land, 400 acres of commercial property, and mixed-use development along U.S. Highway 80.
• Sealy & CompanycoreStrategic or Co-development PartnerSealy & Company institutionally owns Mustang Creek Business Park, a 54-acre, 137-building business park in Forney. FEDC partners with the development for industrial recruitment and business attraction.
• Forney Independent School District (FISD)coreStrategic or Co-development PartnerFEDC works closely with Forney ISD on workforce development, talent pipeline, and economic growth planning. FISD is the 8th fastest-growing school district in Texas, with enrollment projected to reach nearly 30,000 by 2034-2035.
• Dallas-Fort Worth (DFW) International AirportminorStrategic or Co-development PartnerDFW Airport is one of 35 Free Trade Zones in Texas. Forney can petition DFW Airport for 'subzone' status for companies locating in Forney, allowing businesses to be more competitive with access to FTZ benefits.
• Kaufman CountycoreStrategic or Co-development PartnerFEDC works with Kaufman County on economic development agreements, tax abatement, and Triple Freeport designations. The county's participation enables city, county, and school district tax exemptions for qualifying businesses.
• Forney ISDcoreStrategic or Co-development PartnerAs part of the Triple Freeport designation, Forney ISD participates in providing personal property tax exemptions from the school district authority on inventory and goods-in-transit.
• Trinity Valley Community College (TVCC) Small Business Development CenterminorStrategic or Co-development PartnerFEDC partners with TVCC's Small Business Development Center for small business events and programming, including industry retention meetings and workforce training.
• Workforce Solutions of North Central TexasminorStrategic or Co-development PartnerFEDC partners with Workforce Solutions of North Central Texas to provide workforce programs and funding to help businesses attract and retain top-tier talent and advance employee skills and training.
• Dallas College and Texas Tech UniversitycoreStrategic or Co-development PartnerForney ISD partnered with Dallas College and Texas Tech University to provide students and community members the opportunity to earn a degree at a Tier 1 University, all in Forney. FISD students can take free dual credit classes through Dallas College; community members receive in-district tuition rates.
• Texas Health ResourcesmajorStrategic or Co-development PartnerTexas Health Resources is developing a new acute-care hospital in Forney within the Village at Gateway development (U.S. 80 and Reeder Road), opening Fall 2027. The 245,000-sq-ft hospital will have 64 beds, emergency department, NICU, cardiology lab, and an 80,000-sq-ft medical office building.
• Forney Legacy Holdings, LLCmajorStrategic or Co-development PartnerFEDC and City Council approved an agreement with Forney Legacy Holdings, LLC to bring EVO Entertainment to Forney — a 75,000-sq-ft family entertainment center at U.S. Highway 80 and North Gateway Boulevard, expected to create minimum 35 full-time jobs.
• Baylor Scott & White Health SystemmajorStrategic or Co-development PartnerBaylor Scott & White has a primary care center, imaging center, and 24/7 emergency center (8,000 sq ft) with helipad in Forney. Part of the 80,000-sq-ft Forney Medical Plaza with medical offices and clinic space.
• North Texas Municipal Water District (NTMWD)coreStrategic or Co-development PartnerForney is a member city of NTMWD, one of the largest water systems in Texas serving nearly 2 million customers. NTMWD provides water and wastewater processing capacity supporting Forney's development.

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Frisco Economic Development Corporation: Type-4B sales-tax-funded EDC serving a fast-growing DFW suburb. Structurally identical funding model (quarter-cent sales tax), same recruiting motion, and same target sectors (data centers, healthcare, retail, professional services) — the most direct operational comparator to FEDC.
• Denton Economic Development Partnership: North Texas regional EDC performing similar site-selection, incentive, and workforce services for Denton. Comparable economic-development function targeting logistics, manufacturing, and higher-education-linked tenants (UNT, TWU).
• Prosper Economic Development Corporation: Type-4B EDC in one of the fastest-growing DFW suburbs north of Forney. Comparable structure, demographics profile, and target-sector mix of retail, healthcare, and professional services serving a high-growth residential base.
• Kaufman County Economic Development: County-level economic development partner to FEDC on Triple Freeport and incentive programs. Directly collaborates with FEDC and serves the same Kaufman County geography from a different jurisdictional layer.
• Rockwall Economic Development Corporation: Type-4B sales-tax-funded EDC in a DFW suburb along the I-30 corridor. Comparable service structure, retail/industrial focus, and small-staff operating model similar to FEDC.
• Celina Economic Development Corporation: Smaller 4B EDC in a fast-growing North Texas suburb performing the same site-selection, incentive, and small-business services. Comparable governance structure and small-staff operating model.
• Plano Economic Development: DFW Metroplex economic development organization with a broader corporate base but the same site-selection and incentive-negotiation services targeting advanced manufacturing, technology, and corporate headquarters. Comparable function at a larger scale.
• McKinney Economic Development Corporation: Type-4B EDC in the DFW Metroplex with a comparable portfolio of site-selection, incentive, and workforce development services. Same legal structure and similar target-sector mix of advanced manufacturing, healthcare, and retail in a high-growth North Texas suburb.
• Wylie Economic Development Corporation: 4B-style EDC in a North Texas suburb adjacent to Forney (same Kaufman/Collin-region growth corridor). Directly comparable service mix targeting retail, healthcare, and light industrial recruitment.
• Allen Economic Development Corporation: Sales-tax-funded 4B EDC in DFW providing site selection, incentive negotiation, and small-business support. Closely comparable service portfolio and governance model to FEDC, including concierge-style business assistance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ForneyTexasEDC

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

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 Forney Economic Development