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Rio Grande City EDC approves $616,000 budget amendment to expand business incentives
Summary
The EDC voted to approve a $616,000 budget amendment to increase economic development incentive funding (for recruitment, expansion incentives and infrastructure participation) to be forwarded to the City Commission for final approval.
The Rio Grande City Economic Development Corporation voted to approve a fiscal-year 2025–26 budget amendment to increase the economic development incentive line by $616,000, funding business recruitment, expansion incentives and infrastructure participation from the unassigned fund balance, and to forward the amendment to the City Commission for final approval.
Jose Guadalupe Garza made the motion to approve the amendment and it was seconded; the board approved the motion by voice vote. Garza described the amendment as a one-time increase to better position the EDC for business recruitment and infrastructure participation.
Why it matters: The amendment increases the EDC’s available incentive funds, which staff and board members said will be used to recruit and support business expansions and related infrastructure projects. The change must still be approved by the City Commission before funds are expended.
What the board recorded: The motion to approve the $616,000 amendment was made, seconded and passed by voice vote at the meeting. The transcript does not record a roll-call vote with named tallies.
Next steps: Per the motion, the amendment will be forwarded to the Rio Grande City Commission for final approval and appropriation.
