SEDC Mission Statement
It is the primary goal of the Seagoville Economic Development Corporation to use funds derived from the half-cent economic development sales tax to encourage new business, promote growth and/or retention of existing businesses, creating new employment opportunities in our city, increasing our tax base and/or improving the quality of life.
SEDC meetings are held on the first Monday of each month at 6:30 PM. The public is invited to attend.
SEDC Background
Type B Sales Tax
In 1995 citizens of Seagoville passed two propositions, a half-cent sales and use tax for reduction of property tax rate and a half-cent sales and use tax for economic development and community improvements.
The Seagoville Economic Development Corporation (SEDC) was formed after the passage of the half-cent sales tax, which funds the corporation. A seven-person Board of Directors overseas the SEDC.
Type B funds can be used for community projects such as infrastructure, park improvements, and economic development projects such as incentives for business relocations or expansions of new and/or existing businesses.
The SEDC office works with existing and potential businesses in the areas of business expansion, retention and redevelopment through market development, education and training.
The Development Act (Type A-Type B)
For more information on The Development Act, please use these links:
Texas Economic Development Council
