By Audrey Spencer
The Cove Herald
Copperas Cove Economic Development Corporation will continue to work with two organizations meant to bring in businesses to the city and keep them here.
On Thursday, the corporation approved another year's contract with the World Economic Development Alliance, a "prospect generation service," that provides the city with information on companies and projects looking to expand, said Monica Hull, director of business development.
"They'll hear of a company that's expanding, and they'll provide information on the project and company to us so we can start following them as a potential new business in Copperas Cove," said Hull.
Renewing the contract for another year cost the EDC $8,000, which comes from the business attraction line item portion of their budget.
"They provide an opportunity for us to go to industry-specific trade shows," said Hull. "Some of the invited guests are companies we'd be interested in having in Copperas Cove. It gives us an opportunity to mix and mingle and get to know these folks and establish a relationship."
The other agreement approved at the meeting was the Agreement for Defense Industry Professional Consulting Services, with the Heart of Texas Defense Alliance. Retired Col. Bill Parry's service as a liaison between Fort Hood and Copperas Cove "helped significantly" with the land exchange between the cities in July.
"HOTDA provides the best and most suitable manner in ensuring the appropriate channels of communication with Fort Hood remain open at all times," said Hull. "There are several issues with having Fort Hood as our neighbor, and he (Parry) helps direct us to the right person, and may even have the information we were looking for."
The agreement cost the corporation $50,000, which also came out of the business attraction portion of the budget.
The two agreements are tied to each other, said Hull.
"WEDA brings us leads, and HOTDA helps us respond to them," she said.
Officers for the 2011-12 fiscal year were also elected at the meeting. Dan Yancey was elected into the Chairman Position, Fred Chavez to the treasurer position and Jimmy Clark to the director position until Sept. 30, 2012. Bradi Diaz was elected secretary until Sept. 30, 2013, and Danny Palmer was elected vice chairman until Sept. 30, 2014.
The board also voted to change its meeting times for the next two months to Nov. 22 and Dec. 15.
Contact Audrey Spencer at email@example.com or (254) 501-7476.