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Welcome to the official
website of the Copperas Cove Economic Development Corporation!
Copperas Cove, part of the Killeen-Temple MSA, is in one of the fastest
growing markets in the state of Texas. Located just off the high-tech
corridor between Dallas and Austin, it is rapidly becoming the preferred
location for back office, light industries, and retail operations. Its
one-hour proximity to Austin lends itself as an ideal location for expanding
high-tech companies and their suppliers. Click here to
jump to our latest news and activities.
The Copperas Cove EDC
The CCEDC was established
August of 1990 by the voters of Copperas Cove, who approved a 1/2 cent sales
tax to fund the 4A Economic Development Corporation. The Copperas Cove EDC
prepares an annual budget that is approved by the City Council, who also
appoints each board member.
Regular meetings of the Board of
Directors are generally held on the fourth Thursday of each month. Agendas
are posted on the front door of the Copperas Cove EDC at least 72 hours in
advance and will also be available for download below.
Download the latest agenda
(.pdf, 50KB)
Download our
2007 Annual Report (.pdf, 550KB)
Download our Economic Development Guidelines (.pdf, 103KB)
Download our 2005 Master Plan (.pdf, 291KB)
Meet our Board of Directors
Economic Development
Corporations
Economic Development
Corporations in Texas are relatively new. The Texas Legislature passed the
Development Corporation Act of 1979. The Development Corporation Act (DCA)
allows municipalities to create nonprofit corporations that promote the
creation of new and expanded industry and manufacturing activity within the
municipality and its vicinity. In November 1987, the voters of Texas
approved an amendment to the Texas Constitution which provided that
expenditures for economic development serve a public purpose and were
therefore permitted by law. In 1989, the Texas Legislature amended the DCA
by adding Section 4A, which allowed the creation of a new type of
development corporation. In 1991, the Texas Legislature made a number of
changes to the Section 4A sales tax authorization. It allowed the tax to be
adopted at any rate between one-eighth and one-half of one percent (in
one-eighth percent increments). It also allowed cities to offer a joint
proposition that would authorize both a Section 4A economic development tax
and a sales tax for property tax relief.
A 4A Economic Development Corporation
(EDC) can utilize proceeds for business airports and port-related
facilities. Section 2(10) of the DCA also authorizes expenditures for land,
buildings, equipment, facilities and improvements, i.e. infrastructure, that
are suitable to promote the following six types of enterprises:
manufacturing & industrial facilities, recycling facilities, distribution
centers, small warehouse facilities, closed or realigned military bases and
related facilities. The Corporation can issue debt that is guaranteed by the
receipt of sales tax revenue.
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