CASE STUDY: SUPPORT FOR ENTREPRENEURSHIP
The AEDC works to foster entrepreneurship and small business growth across Amarillo. Through funding, grants, and incentives, it has supported local startups, helping them scale and succeed, creating a vibrant business ecosystem in our community.
The Amarillo EnterPrize Challenge is a program of the WT Enterprise Center and funded by the AEDC. Since 2009, the program has:
-
Awarded 105 cash grants
-
Helped local businesses generate $1.65 Billion in revenue for the Amarillo economy
-
$435 Million in W-2 Payroll
-
Brought $82.5 Million in additional equity capital
For the 2023 reporting period, Amarillo EnterPrize Challenge recipients reported the following economic data:
-
733 Full-Time Employees
-
$166 million in total revenue
-
$5.9 Million in Capital Investments