Economic Development

The Hickory Creek Economic Development Corporation (EDC), a non-profit organization, was formed on July 31, 2003 following a February 1 vote approving a 0.5% 4B sales tax by the residents of Hickory Creek. The EDC has a 7-member board.

The town’s 4B funds must be expended in accordance with State Law to facilitate the development of eligible projects. The responsibility of the EDC is to use these funds for economic development that will attract and retain primary employers and for quality of life improvements.

New & Expanded Enterprise Promotion

In an effort to promote and develop new and expanded business enterprises that create or retain primary jobs, the town may provide economic development assistance for job training, recycling facilities, land, buildings, equipment, facilities and improvements, including:

• Demolition of existing structures
• Drainage and related improvements
• General municipally-owned improvements
• Maintenance and operating costs associated with projects
• Public safety facilities
• Streets and roads
• Any other project that the board of directors determines will contribute to the promotion or development of new or expanded business enterprises that create or retain primary jobs

Retail Development Assistance

The town may also provide economic development assistance to promote and develop new and expanded retail development in the following areas:

• Job training classes
• Promotional expenditures
• Targeted infrastructure

For more information , contact John Smith, Executive Director of Economic Development at john.smith@hickorycreek-tx.gov or 940-279-7061.