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STEDCO Today
August 27, 2010 — admin
Today, STEDCO is a Texas Non-Profit Corporation continuing to increase its role in the development of the Stephenville community and the surrounding area.
Throughout this history, STEDCO and it's predecessors have never received any funding from the City of Stephenville or Erath County, and has stood as an entity run by a volunteer Board of Directors.
STEDCO members believe in economic growth and the free enterprise system. This belief, along with the organization's membership base, provides a strong foundation for STEDCO's continued success in contributing to the area's economic development.
STEDCO's Board of Directors includes members of area industry, local financial institutions, and community leaders. The Stephenville City Manager, The Stephenville Chamber of Commerce President / CEO, and other local officals are invited to attend the STEDCO Board meetings and report on relevant issues. By keeping a broad range of individuals on its Board, STEDCO hopes to gain from a variety of perspectives.
STEDCO's Mission is:
"To promote and improve business and economic conditions in the City of Stephenville as well as Erath County and the surrounding trade territory by providing innovative leadership and economic aid to existing and potential industries."
STEDCO and it's predecessors are proud to have assited the following industries in their development:
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News & Press Releases
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October 04, 2011
Four Decisions Business Leaders Should Never Make Alone
From Forbes.comRunning a successful company, is not a solo activity. It takes building a team that can execute the delivery of the company's solutions. However, for the business owner, it can still be lonely at the top. There is a tendency for many
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leaders to draw inward and make the important decisions by themselves. However, the most promising companies actually seek advice from many sources before they make four types of decisions. 1. Hiring employees. One of the company's most competitive resources is their employees. The activity of hiring effective people is a critical activity that should not be done alone. Where to find help:
Other employees: If the company has a good core team already built, ask them (and pay a bonus) to refer other people that may want to work at the company. People typically hang out with people like themselves and this also provides a better chance of this new employee fitting into the team. Also make sure to include them in the interview and hiring decisions.
The Internet: The best reference checking is now online. Google any new candidates. Check all the popular social media sites to see the pictures and comments they post, and most importantly how they interact with others.
2. Firing employees. When the employee's goals match company goals, employees will stay, and prosper. But when they deviate and become unbalanced, this is the time they should seek employment elsewhere. A popular saying is that every leader needs to be "slow to hire and quick to fire". Most leaders are...
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October 04, 2011
Helping Business Grow
Funding Targets "Rural" Areas
By Marissa Berg, Grant and Contract Funding ConsultantOne of the U.S. Department of Agriculture’s most successful grant programs could get needed funds into your hands and help grow your business to what you have always desired it to be. It’s called the Rural Business Enterprise Grant (RBEG) Program. This program provides grants for rural projects that finance and help develop small and emerging
business. It also assists in the development of distance learning networks and adult education programs that will increase employment. However, small business cannot go at it alone. Strong partnerships among several businesses are the key to success in a project like this. The funder wants to see a coalition of businesses in a rural area working together in a common goal. There is no maximum level of grant funding available. Generally, grants range from $10,000 to $500,000 and smaller projects are given higher priority.An RBEG program can be used for the acquisition of development of land, easements, or rights of way; construction, conversion, renovation of buildings, plants, machinery, equipment, access streets and roads, parking areas, utilities; pollution control and abatement; capitalization of revolving loan funds including funds that will make loans for start ups and working capital; training and technical assistance; distance adult learning for job training and advancement; rural transportation improvement; and project planning. All projects must benefit small and emerging private businesses, which are considered as businesses that will employ less than 50 employees and have less than $1 million in gross revenue.
Contact Information
Stephenville Economic Development
Foundation, Inc.
P.O. Box 2575
Stephenville, Texas 76401
Office: 254.965.5313
Fax: 254.965.3814
www.stephenvilletexas.us
info@stephenvilletexas.us
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For business opportunities, please send an e-mail to info@stephenvilletexas.us or call 254-965-5313.
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