What is SPEDD?
Designated as a Redevelopment District by the Economic Development Administration (EDA), the South Plains Economic Development District (SPEDD) is a non-profit corporation operated and staffed by SPAG.
What does SPEDD do?
Through strategic planning and the development of a regional economic development plan, the program encompasses the areas of Industrial Marketing and Recruiting, Business Retention and Expansion, and Small Business Development.
Also, through SPEDD and its affiliation with the Economic Development Administration (EDA), SPAG can assist eligible communities and counties through EDA's Public Works program. The program awards grants for the purpose of improving or providing infrastructure for economic development. Moreover, the district is responsible for maintaining and updating the Comprehensive Economic Development Strategy (CEDS) for the region.
The CEDS (Certified Economic Development Strategy) report contains demographic and economic data from our region that informs economic development goals and strategies.
Compiled each Spring, this document discusses issues ranging from educational programs to unemployment rate to city and county infrastructure.
Please Contact the Economic Development Department to obtain the most recent CEDS report @ 806-762-8721
U.S. Census Bureau
Bureau of Economic Analysis
Texas Economic Development Council
What is the South Plains Housing Finance Corporation?
It is a non-profit organization sponsored by SPAG that offers first-time home buyers lower interest rates. It was created in 1979 as a public, non-profit organization with a mission to facilitate, in partnership with the private sector, the availability of decent, affordable housing for low-to-moderate income citizens. Interested persons can call the South Plains Housing Finance Corporation at 806.745-9559 to learn who the participating lenders are.
How does it work?
Single family mortgage revenue bonds are funneled through home mortgage lenders throughout the SPAG region and targeted to first-time home buyers. Interested persons can call the Economic Development department at 806.762.8721 to learn who the participating lenders are.