The Pecos 4B Economic Development Corporation (PEDC) operates under Type 4B authority pursuant to the Texas Development Corporation Act and supports eligible economic development activities within the Town of Pecos City.
PEDC is not a promotional organization - it is a Type 4B economic development corporation authorized under Texas law. That statutory standing gives PEDC the authority to participate in infrastructure improvements, land and building transactions, and other economic development activities - not just advise on them.
All activities are conducted under board oversight, in full compliance with the Texas Open Meetings Act and applicable public information requirements. That structure is public, transparent, and on the record.
Governance Structure
- A Board of Directors appointed pursuant to governing authority
- Public meetings conducted in accordance with the Texas Open Meetings Act
- Financial reporting and annual documentation requirements
Board action is required for incentive agreements, infrastructure participation, and project approvals.