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|ED 101||Ingleside Development Corporation||Successes & Highlights|
Economic development means different things to different people. This portion of our website offers answers to some frequently asked questions about "ED".
What Is Economic Development?
ED usually takes three forms:
- Business Attraction
- Business Retention and Expansion
- Business Creation
All three of the forms seek to create primary jobs that pay more than the average wage, increase the amount of income coming into the community from outside our market area, and create greater capital investment in our community. The goal is to attract a diverse group of industries and businesses to help insulate the community from economic shock in case specific sectors should fall on challenges.
The City of Ingleside’s “ED” Department’s purpose is to synergize and coordinate the ED activities and programs aimed at the City of Ingleside specifically and in a targeted manner.
Why Does The City Of Ingleside Focus On Primary Jobs?
The City’s ED Department is funded through a grant from the Ingleside Development Corporation – the folks who oversee the monies collected through the 4B Sales Tax. This tax was designed to bring higher paying primary jobs and industries into communities and has very specific rules and guidelines for it’s usage and applications. We are governed by the guidelines found in the State of Texas Attorney General’s Handbook on ED and we must adhere to Article 5190.6, Development Corporation Act of 1979.