City awarded for economic development
FORT WORTH - Thur-sday, Oct. 6, the city of Ferris was awarded the Community Economic Development Award (CEDA) for communities under 5,000 in population by the Texas Economic Development Council at their 50th anniversary conference held in downtown Fort Worth at the Worthington Renaissance Hotel.
According to the TEDC, in 1995 they established the CEDA to honor excellence and exceptional contributions of Texas communities in economic development.
The criteria used to determine the CEDA recipients include: innovativeness, transferability, community commitment and leveragability, measurable objectives and ancillary benefits to the community.
Ferris was one of five recipients, Ferris winning under the population less than 5,000, because of their utilizing of Type A economic development sales tax resources to help ATCO, a manufacturer of vehicular air conditioning components and systems, with a recent business retention and expansion project.
The city provided training dollars to ensure ATCO would meet the stringent quality control standards of a major truck original equipment manufacturer helping retain between 50-102 jobs and creating 60 additional new ones.
Ferris will now reap the benefits from the TEDC by: community recognition on TEDC’s website for one year, name badge recognition at TEDC’s quarterly events for award recipients and plaque recognition to display in your community for all applicants.