The Economic Development Corporation (EDC) Board of Directors meeting held on March 17, 2025, in Rio Grande City, Texas, focused on significant financial decisions related to local development projects. The meeting resumed at 7:40 PM after an executive session, where board members discussed various legal matters and economic development negotiations.

One of the key decisions made was to authorize a payment of $31,070 to the State of Texas for the International Drive Project. The motion was passed with a majority vote, although board member Fred Lopez abstained from the vote.

The board also addressed economic development negotiations concerning two business prospects. For prospect 2024-1, the board voted to amend a previous agreement to include an additional amount of $89,000. This motion was supported by the majority, with board members David Reyna and Lupe Garza abstaining.

Additionally, the board discussed prospect 2023-2, where they agreed to amend the existing agreement to allocate up to $300,000, contingent upon meeting specific milestones over a five-year tax rate period. This motion also passed with a majority vote.

The meeting concluded with a motion to adjourn, which was unanimously approved. The decisions made during this meeting are expected to have a positive impact on local economic development initiatives in Rio Grande City.