If Amarillo manages to reel in a project being pitched by Texas Tech University, it can possibly look at its economic development arm as a big reason for the success that will follow.
Texas Tech wants to build a school of veterinary medicine in Amarillo; it would be the second such school in all of Texas, the other one being run by Texas A&M University.
The Amarillo Economic Development Corporation has ponied up $69 million to incentivize Tech even further to build the vet school in Amarillo. Moreover, a significant land donation made possible by the family of Mary Emeny has sweetened the pot even more for Texas Tech.
This is precisely the kind of project that AEDC has helped bring to Amarillo since its creation in 1989. Voters then approved creation of AEDC, which collects a half-cent of sales tax revenue generated in Amarillo and uses it for job-creation projects.
Without question, AEDC’s biggest success to date is the Bell/Textron aircraft assembly project next to Rick Husband Amarillo International Airport. In the late 1990s, AEDC came up with a $45 million inducement that lured Bell/Textron from Fort Worth to Amarillo and … the rest is history.
The Texas Tech vet school is aimed at educating Panhandle residents to learn a profession of untold value to communities throughout the region. Veterinarians could remain in the Panhandle to care for the livestock that populate our region’s ranches and which fuel the agricultural economy.
AEDC has stepped up in a major way once again for the city and the region. Its contribution will be augmented by private donations that local business, civic and political leaders are gathering.
And just as the Texas Tech School of Pharmacy has borne plenty of economic efruit for the region, so would the school of veterinary medicine, which has gone from “possibly,” to “probably” and is on its way to “likely” coming to Amarillo.