City of Pecos launches ambitious economic development plan

In a recent government meeting, officials outlined significant financial developments and strategic initiatives aimed at boosting economic growth in Pecos and Reeves County. The projected revenue for the current fiscal year is expected to increase by approximately $300,000, primarily due to a commitment from Reeves County. This funding will be disbursed in ten installments throughout the year.

A notable increase in the advertising budget, which has surged from $10,000 to $132,000, aims to enhance visibility for local events and promote Pecos as an attractive place to live. The board allocated $50,000 specifically for community events, including rodeos and youth sports, to foster local engagement and tourism.

The meeting also highlighted a rise in business attraction funding from $400,000 to $425,000, with local grants designed to incentivize new businesses. Over $150,000 in grants have already been issued, with more expected to follow. Additionally, plans for developing various county-owned properties were discussed, including areas near Love's Microtel and the baseball complex.

A significant shift in funding strategy was noted, as the Economic Development Corporation successfully secured a grant to cover $2 million in infrastructure expenses, reducing the financial burden on local funds. This grant will facilitate necessary clean-up efforts and prepare sites for future development.

The meeting concluded with discussions on land sales, which are projected to generate $1.1 million in profit. This revenue will be reinvested into acquiring more land for housing, addressing the community's growing need for residential development. Overall, the meeting underscored a proactive approach to economic development, emphasizing collaboration and strategic funding to enhance Pecos's growth potential.