Economic Development Department
The City of San Angelo Economic Development Department serves as the economic development arm of the City of San Angelo Development Corporation (COSADC). The Vision/Mission statement of the City of San Angelo Economic Development Department is to serve the community as an organization comprised of highly trained professionals leveraging resources to diversify the economy, expand the tax base, foster business growth, and increase job opportunities.
Working with economic development partners, COSADC will retain, strengthen and diversify the job base of the community to ensure a vibrant business climate for San Angelo and the region.
Since its inception in 1999, the COSADC has been diligent in its allocation of half-cent sales tax funds to promote economic growth and sustainability for San Angelo and the region. Through job creation and retention, recruitment and expansion, special project funding and various other activities, the development corporation has concentrated its efforts toward improving opportunities and enhancing the lives of the citizens to grow a better San Angelo.
The Community Profile to the left of this page has been provided for your convenience to learn more about our community for development or site selection purposes.
ACT Work Ready Community
The Work Ready Community certification is a nationally recognized program that pairs employers’ support with assessments of employees and job seekers. Tom Green County is on track to become the second Work Ready Community in Texas. The designation will help attract new business. Further, local businesses can use the program’s tools to hire and promote employees into optimal positions. That leads to reduced training costs, lower turnover, improved operations and customer service, and higher profits.
Check our progress of achieving these certification goals at visit http://workreadycommunities.org/
For more information contact our office or call the Concho Valley Workforce Development Board at 325-655-2005.
2017 Business Plan Competition
The economic development partners housed in the City’s Business Resource Center are again sponsoring a business plan competition that will award the winner $25,000 in cash plus in-kind products and services.
The San Angelo Business Plan Competition is open to entrepreneurs looking to launch local start-up businesses and to existing business owners wishing to expand. Advisors from the Angelo State University Small Business Development Center and students from the ASU College of Business will help guide and assist contestants in drafting plans.
A business plan is a comprehensive document that provides an organized view of a specific business idea. Plans should reflect the vision of a market opportunity and serve as a blueprint for the development of the proposed business.
The competition will be conducted in three phases. In the first phase, a business overview that addresses market need for the proposed service or business, target customers, competitive advantages and revenue generation will be due by Feb. 6. Selected semi-finalists will submit a draft business plan that includes an operations plan, market and financial analyses, a sales strategy and a management profile by March 27. The final business plan will be due by April 17. Winners will be announced April 26.
Judges may award a second-place prize of $20,000 cash and a third-place prize of $15,000 cash, plus in-kind rewards for each. The $60,000 in total cash prizes are being made available from the City of San Angelo Development Corp., which administers the half-cent sales tax for economic development. Winners may be eligible to apply for The Business Factory incubator program.
Potential contestants can get more information in the SBDC’s offices in the Business Resource Center, 69 N. Chadbourne St., by calling 325-653-7197 or emailing email@example.com.
The competition is being coordinated by the ASU Small Business Development Center, The Business Factory and ASU’s College of Business.
Take the 2016 Texas Small Business Needs Assessment Poll
The Texas Small Business Needs Assessment Poll is a partnership between the Federal Reserve Bank of Dallas’ Community Development Department and the Texas Small Business Development Center Network.
This survey focuses on small business needs in Texas and contains questions on firm size, performance, strategy, financing and employee skills. The responses collected will be critical in helping us identify emerging issues and areas of strength and areas of needed improvement in the small business community. The poll closes Dec. 31, 2016, and the results will be released in April 2017. Click the link below to take the survey.
2016 Governor's Small Business Forum
San Angelo Economic Development Partners and the Office of the Governor hosted the 2016 Governor's Small Business Forum on October 13th, 2016. The forums provide resources and information that help small businesses gain insight into best practices and competing trends in today’s market place. Small businesses receive timely, relevant, actionable advice to assist them in establishing, operating, sustaining and growing their business
This forum was the first to live stream and video cast to a satellite location in Alpine, Texas. Two small businesses owners were awarded with the Employer of Excellence and nine others received the State of Texas Governor's Small Business award. Power point presentations are located on the right of this page.
Chamber of Commerce
Small Business Development Center
The Business Factory
Workforce Solutions of the Concho Valley
Downtown San Angelo, Inc.
Angelo State University
The Concho Valley Center for Entrepreneurial Development