Frisco and Round Rock lead Texas cities in economic development funding strategies

McLennan County officials are celebrating a significant boost in their economic development fund, positioning the county as a competitive player in attracting new businesses. During a recent Commissioners' Court meeting, discussions highlighted the county's improved standing among Texas communities, particularly in comparison to outliers like Frisco and Round Rock, which benefit from substantial sales tax revenues due to major corporations like Dell.

The county's economic development fund has seen a decade of growth, allowing McLennan County to move from the bottom tier to a more favorable middle position in terms of funding. Officials noted that while they do not aim to be the highest in funding, the current balance is healthy enough to support ongoing competitiveness without requiring excessive contributions.

Key to this success is the county's ability to offer more than just financial incentives. Officials emphasized that businesses are looking for communities with the right attributes—such as location, access to customers, and educational resources—rather than solely financial incentives. The county's diverse offerings make it an attractive option for potential projects, with incentives serving as a supplementary benefit rather than the primary draw.

As McLennan County continues to build on this momentum, officials remain vigilant about the need to adapt should a surge of large projects arise that could strain the fund. The focus remains on maintaining a balanced approach to economic development while ensuring the county remains an appealing destination for new businesses.