Jasper Economic Development Board clarifies funding guidelines for local business expansion

The Jasper Economic Development Corporation (JEDCO) meeting held on June 3, 2025, focused on clarifying misconceptions regarding financial support for local businesses. Key discussions highlighted the limitations of funding available to existing businesses in Jasper, Texas.

During the meeting, officials emphasized that financial assistance is only available for businesses looking to expand their services and create new jobs, rather than for general support of struggling businesses. The guidelines for such funding are strict and must align with state regulations. JEDCO representatives urged community members to understand that economic development funds are intended for growth and not for maintaining current operations.

The board discussed the possibility of returning to Jasper citizens to seek approval for additional projects under the 4B funding category, which would allow for more specific initiatives aimed at economic development. This approach was previously successful, as seen in past elections where citizens approved the use of JEDCO funds for various projects.

Additionally, the meeting touched on the role of Kelly Industries in Jasper, clarifying that while the company was attracted to the area, no direct funding was provided by JEDCO for their establishment.

In closing, the meeting underscored the need for clear communication about the purpose and limitations of economic development funds, as well as the importance of community involvement in future funding decisions.