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AEDC project report lists five EnterPrize Challenge cohorts and $80,000 a year for administration
The AEDC's cumulative project status report through January 31, 2025 lists WTAMU Amarillo EnterPrize Challenge commitments of $405,000 (2019), $399,000 (2022), $500,000 (2023), $225,000 (2024) and $500,000 (2025), and a separate $80,000 annual line for WTAMU Enterprise Challenge administration.[1]
Doug NelsonAmarillo Economic Development Corporation (AEDC)
What the sources say
- ✓ Verified
Report lines (original amount / paid in prior years / year-to-date payments): 2019 $405,000 / $386,658 / $0; 2022 $399,000 / $398,192 / $0; 2023 $500,000 / $398,549 / $23,000; 2024 $225,000 / $106,500 / $24,105; 2025 $500,000 / $0 / $0. Administration: $80,000 budgeted, nothing paid year to date. The report is unaudited and marked 'Restricted for management only'. It does not say whether amounts are loans, forgiven loans or grants.[1]
- Total cohorts
- $2,029,000
