Greater Waco partners with a number of organizations, ranging from government and educational institutions to business, workforce and economic development partnerships.
McLennan County, McLennan County municipalities, area chamber of commerce, and local utilities all partner with Greater Waco Chamber of Commerce Economic Development to further the economic growth and development of our community.
The McLennan County Chamber Alliance (MCCA) is a regional strategic partnership between the ten participating area chambers of commerce. The purpose of the MCCA is to facilitate collaborative work on issues of common interest and importance, in an effort to improve the region’s overall economic competitiveness and quality of life.
Area colleges and universities and workforce programs work with our Chamber Economic Development Team to provide valuable business assets, including training opportunities, resources and talent pipeline.
Waco Industrial Foundation (WIF) has been a driving economic development force in Greater Waco for more than 70 years. WIF was established in 1952 when the post-World War II era drove industry to the south, and Greater Waco needed a vehicle for having sites available and financing ready for companies wanting to build.
Community leaders, with support from the Chamber, formed the foundation and began its task of acquiring the land that became Texas Central Industrial Park. The foundation is directed by a 24-member volunteer board representing more than 40 local businesses and is under the management of the Greater Waco Chamber.
WIF’s assets include more than 1,600 acres with a book value of $25 million and a market value of more than $45 million. Available properties are located in Texas Central Park, Robinson Business Park, and the Waco International Aviation Park.
WIF has continued to serve its goal of promoting development by providing land and land incentives to numerous companies, making the process for them to purchase land more efficient.
Additional Information About the Waco Industrial Foundation:
Maintains an inventory of fully-developed sites for greenfield development
Sites offer proximity to Interstate 35, Union Pacific and BNSF mainline rail systems, Texas State Technical College industrial airport, and commercial air service at Waco Regional Airport
Offers creative financial packages for sites within its industrial parks, including utility assistance
Works closely with the Waco/McLennan County Economic Development Corporation (WMCEDC), which is made up of WIF board members and representatives from the City of Waco and McLennan County
Works with WMCEDC to tailor incentive packages for companies in the district
Greater Waco is proud to partner with a number of local economic development corporations to further the economic growth of our region.
Grand Central Texas is an economic development partnership that promotes business development and provides services to businesses interested in locating to the six-county region. Partner municipalities include Belton, Cameron, Copperas Cove, Harker Heights, Killeen, McGregor, Temple, and Waco.
WMCEDC, a partnership between the City of Waco and McLennan County, provides grants for qualified capital investments that create new full-time jobs with specified wages and health benefits for local residents.
AEDC unites the cities and partners of McLennan County in a common mission – to work together in a more efficient and informed manner to grow our community. The Council formed after Electrospace Systems (predecessor to L3Harris) was interested in a site at the TSTC Airport, and a community partnership was required to bring in infrastructure and to develop the project. The resulting collaboration led to the formation of the AEDC to maintain the strong ties formed during the project. Over time, many additional communities and representatives were invited into the organization. The AEDC maintains steady growth in the competitive economic environments of today by providing cohesion and effectiveness.