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Economic Development
Simonton has two Economic Development Corporations, known as “EDC’s”.
These are commonly referred to as EDC “A” and EDC “B” due to the Texas statutes that created the types.
The Texas municipal league has produced an in-depth document intended to be used as a resource guide for cities as well as for members of EDC’s.
https://www.tml.org/DocumentCenter/View/4481/2023-Economic-Development-Handbook.
For more, a google search for “texas economic development laws cities” should be a good starting point.