The City of Wallis Development Corporation is often referred to as the EDC (Economic Development Corp.) and governed by a seven-member Board of Directors, appointed by City Council. Two Board positions may be filled by council members or city staff, with remaining seats reserved for citizens or area residences within 10 miles of the City of Wallis.
Wallis Development Corporation is classified by the State as an Economic Development Type B Corporation. Funding is provided by a dedication of .5% of the City’s sales tax revenues, which is reinvested into developing business and increasing revenues for Wallis.
The public is welcome to attend the Wallis Development Corporation regular monthly meetings at 6:30 PM on the first Wednesday of the month at Wallis City Hall.
Incentives
Business Assistance Grants
This grant program is sponsored by the Wallis Economic Development Corporation Board of Directors (WDC) who may amend, adjust or eliminate the program or parts thereof at any time.
The purpose of this program is to enhance the economic vitality of the Wallis Downtown District by encouraging businesses to make visually appealing, or business sustainability improvements to business establishments, which would result in additional business activity, generating more sales tax, or the promotion thereof.
Several Wallis Downtown existing businesses have utilized WDC Grants for façade and building improvements. WDC has also applied for a Texas Community Development Block Grant Program, which could add ADA accessibility, sidewalks, parking and lighting to some sections on Wallis Downtown.