NACOGDOCHES, TX (News Release) - Bill King, president and CEO of the Nacogdoches Economic Development Corporation (NEDCO), has resigned his position, effective yesterday. King has led the organization for the past five years.
"It is with a mixture of sadness and joy that I announce my resignation as president & CEO of NEDCO," said King. "I have enjoyed working with each and every one of you over the past five years, but it's time for a change. Linda and I and our kids have really come to love living here in Nacogdoches and we intend to continue to make our home here in this wonderful community."
Over the past five years, as the national economy has struggled, the Nacogdoches economy has more than held its own, consistently having the lowest unemployment rate in the region and much lower than the statewide and national average.
"We very much appreciate the contributions of Bill King during his five years at the helm of NEDCO," said David Alders, NEDCO Chairman. "During his tenure, a number of employers located or expanded facilities in Nacogdoches, thanks in part to NEDCO's efforts, including Cooper Power Systems, Mast Motorsports, Southern Power and numerous natural gas-related businesses. Bill worked diligently for the growth of our local economy, and his personal integrity is above reproach. We will miss him as our President and CEO, and we wish him continued success in his future endeavors."