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May 9, 2024 · Related development

Three businesses receive $75,000 each ($225,000) in the 2023-24 EnterPrize Challenge

West Texas A&M reported that Amarillo Legacy Monument, Hi-Plains Civil Engineers and Slicks Fabworks each received $75,000, $225,000 in total, as five-year forgivable loans; the AEDC funds the program. The AEDC board approved the 2024 recipients unanimously on May 21, 2024. The January 2025 project report lists the 2024 cohort at $225,000 with $106,500 paid in prior years.^[1]^[2]^[3]

Kevin Carter Doug Nelson Amarillo Economic Development Corporation (AEDC)

What the sources say

✓ Verified
WT reported on May 10, 2024 that the three 2023-24 finalists each received $75,000 'in the form of a five-year forgivable loan' and quoted AEDC CEO Kevin Carter saying the AEDC is 'proud to support the EnterPrize Challenge.' On May 21, 2024 Vice-President Nelson presented the 2024 recipients to the AEDC board; Director Bentley moved, Vice-Chair Meander seconded and it was approved unanimously.^[1]^[2]
Award each
$75,000
Total
$225,000

Sources

1.$225,000 Awarded to Finalists of 2023-24 Amarillo EnterPrize Challenge — West Texas A&M University, May 10, 2024 · retrieved Oct 22, 2026primarySubject-authored
2.Amarillo Economic Development Corporation Board of Directors minutes, May 21, 2024 — Amarillo Economic Development Corporation (via City of Amarillo CivicClerk), Jun 18, 2024 · retrieved Oct 22, 2026primarySubject-authoredScanned minutes (OCR); figures checked against the page images. 'published' is the date the board approved these minutes, as recorded in the minutes of that later meeting.
3.Amarillo Economic Development Corporation Managerial Report, for the four months ended January 31, 2025 — Amarillo Economic Development Corporation, Jan 31, 2025 · retrieved Oct 14, 2026primarySubject-authoredUnaudited; marked 'Restricted for management only, notes are not presented'. 'Cumulative Project Status Report' through January 31, 2025 on page 6. 'published' set to the report period end; the file was uploaded to the AEDC site in December 2025.