Economic development usually exists in three forms:
All three forms of economic development focus on creating new primary jobs that pay more that the prevailing wage, increasing the amount of income coming into the community from outside its market area, and creating greater capital investment in the community. The hope is to reach these goals in a number of diversified markets.
The fundamental goal of STEDCO's economic development effort is the creation of a vibrant, attractive, and sustainable economic environment in which businesses can mature and provide wealth-building opportunities for its residents.
Our goal is to support the expansion and retention of existing businesses within the region, attract companies that offer high impact jobs and share the community values, and provide services and learning opportunities for our members.
"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."