The Post Economic Development Corporation (PEDC) is a not-for-profit organization constituted in 1984 under section 501 (c) 3 of the U.S. Internal Revenue Code. The PEDC was formed to support, promote, encourage, and facilitate endeavors that stimulate and encourage economic development in Post and Garza County, including for such purposes the making of distributions to organizations that qualify as exempt organizations under section 501 (c) 3 of the Internal Revenue Code in the form of sub-grants.
Originally organized to manage the mill property donated to the community by the closing of the Postex Plant of Burlington Industries, the PEDC focused on providing affordable housing to the community in light of the opening of a prison facility in Post that brought more than 350 new jobs to the area. The majority of the original mill property as well as the homes the PEDC acquired have been sold with proceeds going to pay off the loan used to purchase and move houses to Post.
While the Post Area Chamber of Commerce provides support to existing businesses, the Post Economic Development Corporation is in place to assist with the practicalities of increasing the output of an existing business and recruiting new business (including new housing development) into the Post and greater Garza County area.
Currently, the PEDC is focused on assisting and promoting business development and retention in Post and Garza County while actively exploring options for the remaining portion of the mill property (approximately 40 acres within the City of Post) still owned by the PEDC.
The residents, visitors, and established businesses of Post and Garza County will benefit from the myriad undertakings of the PEDC in numerous ways. The PEDC will promote local museums, the Post downtown area, schools, the lake, and all other attractions that make Post and Garza County special.