10 Jan COSTEP Invests $100,000 in Texas Economic Development Corporation to Fuel 2025 Growth
Photo courtesy of Rio Grande Guardian/Steve Taylor
The South Texas Economic Development Corporation (TxEDC) is poised for significant growth in 2025, thanks to a generous $100,000 grant from the Community Outreach Support for Economic Progress (COSTEP) initiative. This investment marks a continued commitment by COSTEP to enhance economic development opportunities across Texas, with a special focus on fostering growth in underserved regions of the state.
What is COSTEP?
COSTEP, a strategic economic development initiative, has been at the forefront of driving growth and expansion in Texas’ regional economies along Rio South Texas spanning from Laredo to Brownsville. One of its goals is to support initiatives that improve the state’s overall economic landscape, particularly in areas that may not receive the attention they deserve from traditional economic programs.
By providing financial support, COSTEP helps businesses, government entities, and development organizations build the infrastructure needed for long-term prosperity in the region.
The $100,000 Investment in TxEDC
The $100,000 grant provided by COSTEP is designed to kickstart TxEDC’s efforts to expand and promote the state’s economic development efforts in 2025. As one of the leading economic development organizations in Texas, TxEDC works closely with local governments, businesses, and industry leaders to support job creation, investment, and sustainable growth across the state.
With this new funding, TxEDC plans to focus on enhancing its outreach and resources to accelerate business development, attract investment, and improve infrastructure in both urban and rural areas. This grant also provides a vital boost to TxEDC’s mission of fostering a more competitive business environment and growing Texas’ economy in the coming years.
“This investment by COSTEP showcases their ongoing commitment to not just the Rio South Texas region but the entire state,” said Aaron Demerson, President and CEO of the Texas Economic Development Corporation. “It’s a powerful step toward marketing the great state of Texas both domestically and internationally, fostering partnerships that make a tangible difference.”
COSTEP’s Continued Commitment to Texas
COSTEP has made substantial strides over the years to ensure that economic development is not limited to just major metropolitan areas like Houston, Dallas, and Austin. The initiative understands the importance of economic growth across all parts of the state, including communities on the border and in more rural areas.
This latest $100,000 grant continues COSTEP’s trend of targeting investments that will make a difference not only in big cities but also in smaller communities. By strengthening the resources available to organizations like TxEDC, COSTEP is helping to ensure that Texas remains a leader in economic development across the United States.
“We need to work together to try to bring new industry, new opportunities to Texas. But more so from our perspective is promoting our seven-county region (Rio South Texas) to try to capture some of those businesses that are trying to near-shore to the United States,” said Adam Gonzalez, CEO of COSTEP.
Why This Grant Matters
The $100,000 grant represents a strategic move that will have lasting impacts on Texas’ business climate. This investment will directly influence job creation, infrastructure improvements, and business growth. According to industry leaders, initiatives like this are crucial for improving Texas’ competitiveness in the global market, especially as other states and regions ramp up their own economic development efforts.
By fueling initiatives like those led by TxEDC, COSTEP ensures that Texas stays on the cutting edge of business development, attracting both domestic and international companies. This, in turn, creates a ripple effect of opportunity that helps improve living standards for all Texans.
Looking Toward the Future of South Texas Economic Development
Looking ahead to 2025 and beyond, the investment from COSTEP positions TxEDC to play a key role in shaping Texas’ future. The grant is just part of a larger vision for the state’s continued growth. With the resources provided by COSTEP, TxEDC will be able to continue its mission to build a robust, diversified economy resilient to market shifts and global economic challenges.
Moreover, the COSTEP and TxEDC partnership exemplifies how collaboration between public and private entities can bring about positive change. By working together, these organizations are laying the foundation for Texas’s stronger, more sustainable economic future.
Shaping Texas’ Future
The $100,000 grant from COSTEP to the Texas Economic Development Corporation marks an exciting milestone in the state’s economic development journey. With a clear focus on promoting business growth and community resilience, this partnership promises to be a game-changer for Texas in 2025. As COSTEP continues to support initiatives that elevate the state’s economy, Texas is well-positioned to lead the way in innovation, investment, and growth.
Interested in expanding or moving to Rio South Texas? Tell us about your project and see how COSTEP’s initiatives and opportunities might be able to help you.
Want to read more about this story?
Read from the Texas Border Business.
Read from the Rio Grande Guardian.
Read from the Mexico Industry.