Milestones

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Accomplishments of the Llano Economic Development Corporation

The Llano Economic Development Corporation (LEDC) was incorporated in 1994 as a “4A” Economic Development Corporation for the City of Llano, Texas.  The Corporations is governed by a citizen board following the true intent of the Texas Legislature as expressed in the Development Corporation Act of 1979.  This Act allows municipalities to create non-profit corporations (called Development Corporations) and levy up to ½% sales tax in order to promote local business development.  The Development Corporations operate separately from the municipalities, with Boards of Directors that over see their efforts.”  The first meeting of the LEDC Board was held on October 4, 1994, with a beginning bank account of $17,000.00.

The first project approved by the LEDC was improvements to the airport (pavement and hangars).  The project was funded at almost $140,000.00.  At the same time they also approved an expansion of the golf course from nine to eighteen holes.  At the beginning of 1995, the first LEDC budget was approved.  Shortly afterward it was recognized that a “4A” Corporation could not fund the development of the golf course.  In May 1995, the citizens of Llano voted to change from a “4A” Corporation to a “4B” Corporation, thus giving the board a wider latitude of economic development projects that it could fund.  In July of 1995, the LEDC was reconstituted as a “4B” Corporation. For a complete list of accomplishments for each year since 1994, see LEDC Milestones.

2012

$2,061,297 Completion of the Community Facilities Project
$      37,500 Financial Support – Bethany and ZeeCon
$        8,000 Main Street Façade and Restoration Grants
$        8,000 New Neon for Signs, Popcorn Machine, Improved House Lighting and Continued                                Maintenance to LanTex Theater
$        6,500 Business Retention and Development
$        4,000 Advertising in Various Publications Promoting Llano and Tourism in Llano
$        2,500 Christmas Lighting Fund – Starry Starry Nights
$        2,500 H.O.T. Fund – Special Event Support
$        2,000 Main Street Beautification

2011

$210,000 Community Facilities Project
$ 93,308 Financial Support - Bethany and ZeeCon
$ 35,000 GIS Interactive Mapping Project
$ 22,000 Fuel Farm at Airport
$ 14,000 Main Street Facade and Restoration Grants
$ 15,000 Renovation and Continued Maintenance to LanTex Theater
$ 11,500 Business Rentention and Development
$ 10,000 Advertising in Various Publications Promoting Llano and Tourism in Llano
$   8,000 Main Street Beautification
$   5,000 Main Street Capital Fund Sidewalk Grant - South Side
$   5,000 Special Event Support
$   5,000 Christmas Lighting Fund - Starry Starry Nights
$   1,300 Hoover Business Research

2010

$ 44,430 Planning, Research & Development of MPEC
$ 20,000 Renovations and Continued Maintenance to LanTex Theater
$ 14,810 Advertising in Various Publications Promoting Llano and Tourism in Llano
$ 10,000 Upgrades to Little League Fields
$ 10,000 Main Street Façade Grants
$   7,500 Repair and/or Replacement of Christmas Lights
$   6,135 Electrical Upgrades to Badu Park
$   3,865 Storage Building for Christmas Lighting Projects at Badu Park
$   7,052 Main Street Beautification
$   7,432 Main Street Capital Fund Sidewalk Grant – South Side
$   1,300 Business Retention & Development