· Context
AEDC project status report lists $175.2 million in company incentive commitments
The AEDC's unaudited managerial report for the four months ended January 31, 2025 lists 21 company projects with original commitments totaling $175,180,706, of which $45,187,250 had been paid in prior years and $96,569,456 was listed as future commitments. No payments had been made to Producer Owned Beef ($8,000,000) or Plant AS ($3,750,000), and CVMR's $20,000,000 commitment showed $2,000,000 budgeted for the year and nothing paid.[1]
Doug NelsonAmarillo Economic Development Corporation (AEDC)Cacique, LLC (Cacique Foods)Caviness Beef Packers, Ltd.A-7 Austin, LLC (hydraulic hose manufacturer; with A-5 Realty, LLC)Producer Owned Beef, LLCCVMR (Texas) Inc.Plant AS (Plant-AS-DNPS-003-2)Albers Aerospace (Unmanned Systems, Inc.)Coast Packing Company
What the sources say
- ✓ Verified
The AEDC's unaudited cumulative project status report through January 31, 2025 lists 21 company projects with original amounts totaling $175,180,706, prior-year payments of $45,187,250, a current-year budget of $33,424,000, year-to-date payments of $352,000 and future commitments of $96,569,456. [1]
- Original total
- $175,180,706
- Prior payments
- $45,187,250
- Future commitments
- $96,569,456
- ✓ Verified
In that report Producer Owned Beef ($8,000,000) and Plant AS ($3,750,000) show no prior payments and no current-year budget, with the full amounts under future commitments; CVMR's $20,000,000 shows no prior payments, $2,000,000 budgeted for the year and $18,000,000 in future commitments. The report does not state the status of those projects. [1]