Mission
THE TEXAS ECONOMIC DEVELOPMENT CORPORATION IS AN INDEPENDENTLY FUNDED AND OPERATED 501(C)(3) NONPROFIT ORGANIZATION RESPONSIBLE FOR MARKETING AND PROMOTING TEXAS AS A PREMIER BUSINESS LOCATION.
Public Charity
TEXAS ECONOMIC DEVELOPMENT CORPORATION
Based in AUSTIN, TX, TEXAS ECONOMIC DEVELOPMENT CORPORATION operates as a Public Charity. The organization reported $4.4M in revenue, $4.6M in expenses, $8.7M in total assets for fiscal year 2025. Imperigo tracks 12 reported grant relationships connected to this organization totaling approximately $1.1M.
EIN: 742619492
AUSTIN, TX
Economic Development
NTEE: S30
Latest filing: 2025
Total Revenue$4.4M
Total Expenses$4.6M
Total Assets$8.7M
Grant Records12
Funding Total$1.1M
Filing Years2020–2025
Where $100 goes at Texas Economic Development Corporation
How Texas Economic Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$73
Programs
the work itself
$16
Management
running the organization
$11
Fundraising
raising the next dollar
Inside the $73 for programs
$73
The organization markets texas in a dynamic and competitive manner through promotion of economic development and job creation in texas
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$25,000
For grant recipient's exempt purposes
$25,000
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
$25,000
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
$25,000
COMMUNITY DEVELOPMENT
$150,000
Showing up to 5 of 12 total records — full history available with membership.
Officers & Directors
PRESIDENT & CEO
Aaron Demerson
EX-OFFICIO BOARD MEMBER
Adriana Cruz
BOARD TREASURER
Adrian Cannady
BOARD CHAIR
Arun Agarwal
DIRECTOR OF COMMUNICATIONS
Bonnie Downs
BOARD DIRECTOR
Bruce Niemeyer
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $4.4M | $4.6M | $8.7M |
| 2024 | $3.8M | $4.6M | $8.8M |
| 2023 | $5.9M | $3.1M | $9.8M |
| 2022 | $3.6M | $3.7M | $7.6M |
| 2020 | $3.1M | $2.4M | $5.9M |
Between 2020 and 2025, reported annual revenue grew from $3.1M to $4.4M (+39%), with total assets most recently reported at $8.7M.
Interactive year-over-year charts and full filing details available with membership.