Economic Development Corporation

Mission Statement:

The mission of the Hico Economic Development Corporation is to enrich the quality of life of the citizens by promoting and enhancing the economic vitality of the community through promoting the retention and expansion of existing business while also devoting an appropriate amount of resources toward attracting new businesses.

HEDC’s mission can only be successful if the following three components are recognized and addressed:

• Existing Businesses — Maintaining and expanding the current business base through low or no interest loans and/or grants.
• New Businesses – Attracting new businesses and industries which complement our existing business operations and community assets by developing incentive packages tailored to their needs.
• Quality of Life – Developing a plan to leverage local funding with grants to improve the City’s park and recreation system.

Vision Statement: The Hico Economic Development Corporation will continue their efforts in promoting Hico as a friendly small town community which is both a great place to raise a family and grow a business.