GrantAuthority

The Economic Development Corporation of Weslaco

Grantmaking foundation in Weslaco, Texas · EIN 74-2588704

Total giving
$3.1MTax year 2023
Total assets
$38MLatest reported
Latest IRS filing
2023Form 990 / 990-PF

Mission

THE ECONOMIC DEVELOPMENT CORPORATION'S PRIMARY PURPOSE IS TO ENHANCE ECONOMIC AND INDUSTRIAL ACTIVITIES FOR THE CITY OF WESLACO. ITS MAIN FOCUS IS IN RETAINING AND EXPANDING EXISTING BUSINESS, AND ATTRACTING NEW BUSINESS AND ENHANCING COMMUNITY ASSETS; WHICH INFUSES NEW DOLLARS INTO THE LOCAL ECONOMY.

Quoted from the foundation's IRS filing.

Giving by year

$750K2017
$1.1M2020
$1.6M2021
$670K2022
$3.1M2023

Totals by tax year, rounded to two significant figures. Years without a reported total show the sum of grants itemized on the filing.

Top recipients

RecipientAmountTax year
Domain Development Corp$120K2021
City of Weslaco$100K2021
Z&L Enterprises Inc$54K2021
Clean Label LLC$45K2021
R&L Lozano Leasing Ltd$45K2021

Amounts are rounded. The full grantee list is available with a free account.

Website: www.weslacoedc.com

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Source: IRS Form 990 and 990-PF filings, tax year 2023. Also see this organization on ProPublica Nonprofit Explorer.