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Council approves renewed AEDC funding for Thrive scholarships and a $200,000 incentive for Haven FBO, 5-0
The council voted 5-0 to let the AEDC enter a new agreement with the Amarillo Area Foundation, Amarillo ISD and Amarillo College to fund the Thrive scholarship program, which the memo lists at $3,000,000 over six years. It also voted 5-0 on an AEDC incentive for Old English Field, LLC (Haven FBO), which was building an $8.5 million, 42,500-square-foot fixed-base operator facility at the airport: $10,000 per job over 10 years, up to $200,000.[1][2]
Cole StanleyJosh CraftDon TippsTom ScherlenLes SimpsonKevin CarterAmarillo Economic Development Corporation (AEDC)Old English Field, LLC (Haven FBO)
What the sources say
- ✓ Verified
Josh Craft moved and Don Tipps seconded to approve the AEDC entering the Thrive agreement with the Amarillo Area Foundation, Amarillo ISD and Amarillo College; it passed 5-0. The memo says the four partners fund the scholarship equally and that it covers tuition, books and fees for up to 60 hours for eligible Amarillo ISD graduates. Amarillo College's regents had approved the updated agreement on July 9, 2024.[1][2][3]
- ⚠ Sources differ
Sources give different totals for the AEDC's share of the 2024 Thrive agreement.
Reported value 1[2]
- Aedc commitment
- $3,000,000
Council memo funding summary: $3,000,000 over a 6-year period.
Reported value 2[4]
- Aedc commitment
- $2,600,000
AEDC project status reports: 'Thrive Scholarship Program (2024)' original project $2,600,000; through March 31, 2026, $305,608 paid in prior years and $159,318 in the current year.
- ✓ Verified
Les Simpson moved and Don Tipps seconded the location incentive agreement with Old English Field, LLC (Haven FBO); it passed 5-0. The memo describes a ground lease with the airport for a new 42,500-square-foot facility costing $8,500,000 and projects (not results) 20 new employees at an average wage of $57,000, with $10,000 per job paid over 10 years, up to $200,000. The AEDC board approved it 5-0 on July 16, 2024.[1][2]
- Incentive
- $200,000
- Projected jobs
- 20
- Capital
- $8,500,000
- ✓ Verified
The AEDC's 2024 annual report says construction of Haven FBO began in January 2025 on land leased from the City. Haven FBO / Old English Field does not appear in the AEDC's status report through March 31, 2026, and no fetched source reports that the facility opened or that any incentive was paid.[5][4]
