PEDC Annual Report
Each year, PEDC produces an annual report to highlight the accomplishments, goals and various projects that were completed in the previous year.
Greetings friends, colleagues and community partners,
The year 2015 was a special one for the Pearland Economic Development Corporation (PEDC). We celebrated our 20th anniversary and ushered in another year of remarkable economic growth, with sales tax revenues reaching a record $28.4 million for Pearland. Two years ago, we adopted the Pearland 20/20 Community Strategic Plan. We remained committed to implementing this plan during 2015, and as such, we launched numerous initiatives, activities and partnerships that are helping us make phenomenal progress toward the future vision of our City. The highlights are quite impressive.
The PEDC partnered with companies that will bring more than 500 new jobs and $125 million in capital investment to the community. We welcomed Tool-Flo Manufacturing, FloWorks International and Profile Wire to Pearland and assisted Brask, Inc. Neela and M&S Logistics with expansions. Working with retailers and developers, we brought new shopping options to our residents, including the new Costco on Business Center Drive.
Redevelopment, beautification and infrastructure initiatives progressed, including the City’s first gateway and entry feature. We created the State Highway 35 Redevelopment Strategy, continued implementation of the 288 Corridor Master Plan and achieved milestones in our regional detention and underground electricity initiatives for the Lower Kirby District.
To keep us headed down the road of success, the Steering Committee for the Pearland 20/20 Community Strategic Plan championed a mid-course update to the plan. It examined key successes and challenges thus far and adjusted implementation activities accordingly, allowing the PEDC and its allies to best carry out the remainder of the plan.
As we move into 2016, all of us at the PEDC remain focused on maintaining our position as one of the nation’s most effective and efficient economic development organizations. As we team with City and community partners to ensure Pearland remains prepared for future population and economic growth, we will keep working to create new possibilities for the City and its residents. Because, as we all know, the best business opportunity in Houston is due south.
Chair, Rushi Patel