Economic Improvement: What has EIC funded in the past five years?

Recently the Economic Improvement Corporation (EIC) had an opportunity to review all of the projects it helped fund in the previous five years.┬áThe EIC approves and recommends projects to the city council, who then approve them again and provide funding. The money comes from 4B sales tax revenue — in Kerrville it’s a 1/2 cent tax approved in 1995 that generates around $3 million per year.

In the last five years, here’s the breakdown on the types of projects:

  • Economic Development – $2,312,924 – 26%
  • Quality of Life – $3,740,170 – 42%
  • Infrastructure – $2,869,683 – 32%

TOTAL: $8,922,777

Here’s full list of projects from 2010 to 2015.

Economic Development

2010

  • Hill Country Shooting Sports Center – $322,265
  • Commercial Improvements Pilot Program – $20,000
  • KEDF-USDA – $110,659

2011

No projects

2012

  • Fox Tank – $600,000

2013

  • Fox Tank – $150,000

2014

  • James Avery Corporation – $610,000
  • ED Reserve – $500,000

 

Quality of Life Projects

2010

  • Hill Country Home Opportunity – $119,918

2011-2012

  • Hill Country Home Opportunity – $104,901
  • River Trail contribution – $250,000

2012-2013

  • Hill Country Home Opportunity – $13,465
  • Golf Course Improvements – $509,423
  • River Trail contribution – $300,000
  • Downtown streetscape – $24,018
  • Kerr Fest – $1,050
  • Folk Festival – $8,415
  • Texas Arts & Crafts Fair – $15,500
  • Quilt Show – $1,000
  • Playhouse 2000 – $113,469
  • Kerrville’s 4th on the River – $22,077
  • Hill Country Wine and Brew Festival – $16,490
  • Hill Country Junior Livestock Show Assn – $149,703

2013-2014

  • Cailloux Theater Expansion – $38,099
  • Golf Course Improvements – $9,145
  • River Trail contribution – $300,000
  • LHP/LM Park contribution – $600,000
  • Kerr Fest – $25,000
  • Festival of the Arts – $18,503
  • Kerrville Folk Festival – $7,800
  • Hill Country Wine and Brew Festival – $18,643
  • Kerrville’s 4th on the River – $23,100
  • Sock Hop – $5,016
  • Downtown streetscape – $8,453
  • Cailloux Theater Lighting – $46,509

2014-2015

  • Cailloux Theater expansion – $320,330
  • Habitat for Humanity – $322,229
  • River Trail contribution – $150,000
  • Kerr Fest – $25,000
  • Kerrville’s 4th on the River – $24,950
  • Kerrville Triathlon – $18,153
  • Chalk Festival – $15,000
  • Mardi Gras on Main – $10,000
  • Downtown streetscape – $1,942
  • Cailloux Theater lighting – $102,870

 

Infrastructure Projects

2010-2011

  • Harper Road Utilities Extension – $1,810,210

2011-2012

  • Harper Road Utilities Extension – $260,747

2012-2013

  • Harper Road Utilities Extension – $488,847

2013-2014

  • Harper Road Utilities Extension – $9,880

2014-2015

  • Downtown Utilities – $300,000