Type A Corporation

Type A - Sanger Industrial Development Corporation

The Sanger Industrial Development Corporation (SIDC), a non-profit organization specifically governed by Section 4A of the Texas Development Corporation Act of 1979.  It was incorporated in October 1998 as a Type A Corporation and is funded by a portion (1/2 cent) of the local sales tax revenue.  The Type A sales tax is primarily intended for manufacturing and industrial development. 

EDC's may use Type A revenue to fund land, buildings, equipment, facilities expenditures, targeted infrastructure and improvements for projects including:

·manufacturing and industrial facilities, recycling facilities, distribution centers, and small warehouse facilities;

·research and development facilities, regional or national corporate headquarters facilities, primary job training facilities operated by higher education institutions, job training classes, telephone call centers and career centers not       located within a junior college taxing district;

·certain infrastructure improvements that promote new or expanded business enterprises;

·aviation facilities;

·commuter rail, light rail or commuter bus operations;

·port-related facilities, rail ports, rail switching facilities, marine ports, inland ports; and

·maintenance and operating costs associated with projects.

Meetings

• 1 p.m.
• Held quarterly or on an as-needed basis
• Sanger City Hall
  502 Elm Street
  Sanger, TX 76266

Board of Directors

The five member Board of Directors is comprised of individuals appointed by the Sanger City Council to serve 3 two-year terms.  The members of the Board are:

• Elizabeth Springer, Place 1, Vice President
• Don Gillium, Place 2, President
• Victor Gann, Place 3
• Fred Yeatts, Place 4
• Drew Hall, Place 5

Agendas and Minutes