Take a look at- Waco's Economic Development Sectors(PDF, 2MB)
Waco Industrial Foundation
The foundation itself is a nonprofit corporation governed by a 24-member board of volunteer directors. A history of sound financial management and attention to opportunity has resulted in a net worth of more than $10 million and the ability to offer incentives like lease-back purchase agreements and attractive short-term financing plans.
The foundation cooperates with the Waco-McLennan County Economic Development Corporation to tailor incentive packages for companies in the districts. The foundation has land parcels available in districts which are ideally situated for manufacturing and for distribution. The foundation maintains an inventory of industrial green sites for build-to suit packages and represents sites owned by other parties. Building inventories generally include properties of 3,000 to 150,000 square feet.
Brazos River Corridor
The Brazos River Corridor(PDF, 2MB), a geographic area designated for economic development, carves a path through the heart of Waco for more than 10 miles. It stretches from the wooded bluffs of McLennan Community College's campus on the northwest end to the sloping banks of Baylor University's campus on the southwest end and beyond.
The dramatic views and geographic features provide unique opportunities for developers. Targeted for development by the city, this strategic location offers a variety of economic incentives to businesses locating in the corridor. See map(PDF, 2MB).
Since the establishment of the Downtown Waco Public Improvement District in 1988, more than 80 businesses have opened in the area, and the workforce has more than doubled. The general boundaries of the district encompass about 60 blocks on the west side of the Brazos River and an area on the east side which extends up Martin Luther King, Jr. Boulevard along the river for the equivalent of eight city blocks and about 10 blocks down Elm Street.
The public improvement district assessment of 10 cents per $100 valuation of property in the district is used only within those boundaries to provide a variety of services that increase the value and appeal of properties. Property owners enjoy enhanced city services such as twice-weekly sweeping of streets and sidewalks and extra trash pick-ups. Programs like private security services and a low-interest loan pool also attract businesses to the district.