AEDC was established in 1989 after voters elected to permit the corporation to receive a dedicated half-cent sales tax to fund the economic growth of Athens. These funds can be used in multiple ways to assist companies with things such as infrastructure improvements.
AEDC was instrumental in helping HVAC manufacturing, Inc., move from California to Athens, alleviating the company’s heavy tax burden and reducing higher operating costs. Biomerics FMI has been able to expand more than once at its facility in the Athens Industrial park thanks to the efforts of the Athens EDC. Argon Medical has been growing since it moved to Athens in 1981 and the AEDC has helped them by twice providing funds tied to hiring incentives because at the AEDC we believe in helping our existing businesses as well as attracting new ones.
AEDC supports our future workforce by assisting in getting mentors for YEA! - Young Entrepreneurs Academy. This program, created by the Athens Chamber of Commerce and the Athens Independent School District, brings a bit of a “Shark Tank” experience to some middle and high school students interested in creating a business. In the past AEDC, AISD and TVCC have partnered to address the need for certified machinists. AEDC provided the money needed to purchase the costly equipment necessary for machinist training. Students get training and receive college credits for their efforts.