Monahans Economic Development Corporation

What Monahans Economic Development Corporation does

Monahans Economic Development Corporation (MEDC) is a Type B, non-profit Economic Development Corporation established in 2014 and operating under the oversight of the City of Monahans, Texas. It is headquartered at 800 S. Dwight Ave., Monahans, Texas, and is governed by a five-member board (Chad Beard, President; Leticia Rodriguez, Vice-President; Marielena Saenz, Secretary; Cathy Anthony, Director; Daniel Taylor, Director) with Ashley Adauto serving as Executive Director. The organization serves as the designated municipal authority for business attraction, retention, and economic diversification in Ward County, with an explicit strategic objective of reducing the community's historical reliance on the oil and gas industry that dominates the surrounding Permian Basin.

MEDC's core service portfolio comprises economic development services (business attraction, expansion support, workforce development), commercial property listings (including former Coca-Cola distribution warehouse and office annex spaces), and a suite of incentive programs — most notably the Facade Improvement Program and the Demolition/Rebuild Incentive Program, both published in late 2025. It also publishes community demographic and quality-of-life data (median household income of $66,585; 43.6% of households earning above the national average; 'Center of the Permian Basin' positioning; air-attainment zoning) to support prospect due diligence.

MEDC's revenue model is not commercial in the conventional sense; as a Type B EDC under Texas law, it is funded primarily through a voter-approved allocation of local sales tax rather than fees for service or product revenue. The organization engages prospective and existing businesses through direct consultation, site tours, and customized incentive negotiations, and markets its programs via its website (monahansedc.org), published board meeting agendas and minutes, and testimonials from local officials. No headcount, revenue, or financial figures are publicly disclosed, and no technology products, AI capabilities, or app surfaces exist; MEDC's 'platform' is essentially a municipal WordPress site supplemented by downloadable PDF incentive documents.

Name

Monahans Economic Development Corporation

Legal name

Monahans Economic Development Corporation

Website

https://monahansedc.org

Company type

Private

Founded year

2014

Operating status

Operating

Short description

Monahans Economic Development Corporation is a Type B non-profit EDC established in 2014 under the City of Monahans, Texas, that promotes local business attraction, retention, and economic diversification away from oil and gas across Ward County. It offers incentive programs, commercial property listings, and community demographic resources.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Administration of General Economic Programs (92611), Civic and Social Organizations (813410)

SIC

Services-Management Services (8741), Investors, Nec (6799)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industries

Infrastructure, Housing & Community Development (BPAGABAL), Municipal/Local Government Development Banks (FSABAKAI)

Keywords

• Economic development services
• Business attraction incentives
• Commercial property listings
• Community diversification programs
• Facade improvement grants

Headquarters

HQ city

Monahans

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Distribution channels1 record

Marketing channels3 records

Core offering

Monahans Economic Development Corporation (MEDC) is a Type B non-profit economic development corporation that promotes local business growth, job creation, and economic diversification in Monahans, Texas. It attracts and retains businesses through direct consultation, commercial property listings, and incentive programs such as the Facade Improvement Program and the Demolition/Rebuild Incentive Program. The organization is governed by a local board and affiliated with the City of Monahans and Ward County.

Product overview

Monahans Economic Development Corporation (MEDC) offers a unified economic development service portfolio focused on business attraction, community growth, and economic diversification in Monahans, Texas. The organization operates as a Type B economic development corporation serving Ward County, providing commercial property listings, business incentive programs (Facade Improvement and Demolition/Rebuild programs), and community demographic resources. MEDC maintains governance through regular board meetings and provides transparent operations via published meeting minutes and agendas.

Differentiator

Problem solved

Functional benefit

Products and services

• Economic Development Services Core economic development services focused on diversifying the local economy, attracting businesses, creating jobs, and strengthening the tax base in Monahans, Texas. Targeted at companies and entrepreneurs considering relocation, expansion, or new establishment in the community.
• Commercial Property Listings

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• Chamber of CommerceminorOthersAffiliated organization supporting local business community and economic development efforts in Monahans.
• City of MonahanscoreOthersMunicipal government partner providing city services and coordination for economic development initiatives.
• Ward CountycoreOthersCounty government partner, with Monahans serving as the County Seat, collaborating on regional economic development.
• Ward County Appraisal DistrictminorOthersCounty appraisal district providing property valuation information supporting incentive calculations and property assessments.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Others

• Greater Houston Partnership:
• Permian Basin Regional Planning Commission: Regional planning body covering Permian Basin counties including Ward County — provides the regional economic, demographic, and infrastructure planning context in which MEDC's site-attraction activities operate.
• Workforce Solutions Permian Basin: Regional workforce development board covering the Permian Basin — adjacent to MEDC's mission, supplying the labor-market data, training, and recruitment infrastructure that MEDC leverages when pitching Monahans to relocating employers.

Regional players

• Amarillo Economic Development Corporation: Economic development corporation serving Amarillo, Texas — performs the same core functions as MEDC (business attraction, incentive programs, demographic marketing) for a larger West Texas Panhandle city competing for similar employer prospects.
• San Angelo Economic Development Corporation: EDC serving San Angelo, Texas — a West Texas peer offering equivalent business attraction, retention, and incentive services, comparable in scale and operating model to MEDC.
• Lubbock Economic Development Alliance: Regional economic development organization serving the greater Lubbock area in West Texas — comparable in mission (business attraction, incentive administration, workforce development) but operating in a larger metro and competing for similar statewide relocation prospects.

Direct peers

• Odessa Development Corporation: Type B economic development corporation for Odessa, Texas — adjacent Permian Basin city with comparable oil-and-gas exposure, workforce recruitment focus, and incentive-program toolkit overlapping with MEDC.
• Midland Development Corporation: Economic development corporation serving Midland, Texas — also located in the Permian Basin and competing for the same energy-sector employer pool as MEDC, with similar incentive structures and workforce attraction mandate.

Broad incumbents

• Texas Economic Development Corporation: Statewide public-private partnership marketing Texas to relocating and expanding businesses — operates at a much broader scale than MEDC and serves as the umbrella brand under which local EDCs like Monahans funnel prospects.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/monahansedc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Monahans Economic Development Corporation