Who We Are
The Gun Barrel City Economic Development Corporation (EDC) is a community team made up of resident executives and business owners committed to improving the quality of life for residents by attracting new investment and helping expand existing businesses within the city. The Gun Barrel City EDC consists of a seven-member board and two-person office staff, funded by a $.0025 sales tax.
What We Do
The Gun Barrel City EDC provides business assistance to qualifying companies. We evaluate incentives for businesses to locate or expand in the Gun Barrel City area and base our findings on a business’s sales taxes paid, the number of jobs created or retained, wages paid, local purchases of products and services, employment gains, and the general benefits in harmony with the mission of the Gun Barrel City EDC. Businesses with bases in medical/health, hospitality, retail, food and dining, and distribution are high-demand and therefore given special consideration. Funds may be used in land lease/purchase, building lease/purchase, rehabilitation, construction, capital equipment purchase, infrastructure improvements, or employee training. Funds may not be used for venture or equity capital, working capital/inventories, or personal loans. Forms of business assistance include grants, loans, loan guarantees, real estate, SBA 504, SBA 7(A) guaranteed and direct loans, and the Rural Economic Development Fund.
To sustain and grow the economy, while improving the quality of life for our residents by:
- Fostering business startups and expansions;
- Assisting in site selection and relocations for new and existing businesses;
- Promoting Gun Barrel City as a destination city;
- Working with partners to provide business education and job training skills;
- Helping to sustain and create job opportunities;
- Undertaking projects to improve the local environment.
Contact Us Today!
Gun Barrel City just might be your business’s smartest investment! Call us today at (903) 887-1899 to learn more about how we can position you for success. You'll find an informed staff and enthusiastic Board of Directors ready to help you thoroughly evaluate our city and the opportunities it presents for an attractive lake lifestyle and an excellent location for your business.