Nacogdoches Economic Development Corporation in sound financial - KTRE.com | Lufkin and Nacogdoches, Texas

Nacogdoches Economic Development Corporation in sound financial shape

Nacogdoches Economic Development Corporation conducts its annual meeting. (Source: KTRE Staff) Nacogdoches Economic Development Corporation conducts its annual meeting. (Source: KTRE Staff)
NEDCO told members its leaving 2016 in good financial shape and entering 2017 with lots of new business and retail prospects. (Source: KTRE Staff) NEDCO told members its leaving 2016 in good financial shape and entering 2017 with lots of new business and retail prospects. (Source: KTRE Staff)
Tracye McDaniel, CEO of Texas Economic Development Corporation’s Texas One program says East Texas is making the right moves in attracting new business. (Source: KTRE Staff) Tracye McDaniel, CEO of Texas Economic Development Corporation’s Texas One program says East Texas is making the right moves in attracting new business. (Source: KTRE Staff)
NACOGDOCHES, TX (KTRE) -

The sale of an industrial park, renovation of a nuisance property, a new furniture store, and the anticipated construction of a Chipotle Mexican Grill are all projects the Nacogdoches Economic Development Corporation watched closely in 2016. 

The economic update was presented Tuesday at NEDCO's annual meeting. Officers reported the organization is in sound financial shape and site selectors continue viewing properties. 

Tracye McDaniel, the guest speaker and CEO of the Texas Economic Development Corporation's Texas One Program, says this kind of development will lead to a robust year for Texas.

“You may see opportunities at this point of small and mid-size companies to start expanding or even entrepreneurs to look into the market,” McDaniel said. “This is the time of the year that happens and then you are able to launch at the first of the year." 

Recently, McDaniel traveled to Japan to participate in an Invest In Texas program. She said over 200 companies in attendance showed interest in exploring opportunities in each region of Texas.
 
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