Since the Stephenville Economic Development Authority (SEDA) was voted in by the citizens of Stephenville in 2015, over $200 million and nearly 40 Economic Development projects have been completed, nearly doubling sales tax dollars since its establishment. SEDA is governed by a seven-member Board of Directors, with its day-to-day activities being carried out by President, Jeff Sandford and his professional team. SEDA provides a unique set of skills and resources to move development projects, in various stages, forward to completion. SEDA also focuses on quality of life projects that are attractive to new residents, developers, business owners and industry and create a more livable city.
A handful SEDA’s more recent larger development projects and programs enacted include:
Washington Commons: A fully leased 156,375 sqft retail site that includes Hobby Lobby, Ross, TJ Maxx, Old Navy, Five Below, Ulta, Buckle, James Avery and other major retailers.
The Stable: Offering 1-3 acre tracts along Hwy 377/Washington St., one of Stephenville’s major roadways, and across the street from prominent retailers. Chick-fil-A was the first restaurant to open in The Stable with McAlisters to open in the first week of June 2023.
Schreiber Foods Expansion: Adding an additional 300,000 square feet to their existing location resulting in a $50 million investment in Stephenville.
Atwoods Ranch and Home Goods: 63,000 square foot store location along Hwy 281 that is uniquely Stephenville.
ReStart Program: Initiated during the COVID 19 pandemic, in which 350 local businesses participated and all continue to remain in business today.
Tax Increment Reinvestment Zones: Helped establish multiple TIRZ Districts.
Façade Improvement Grants: Assisted 32 local businesses with exterior improvements.
Infrastructure/Utility Projects: Assisted in improving necessary infrastructure throughout the community.
Economic Impact Analysis: Assisted in data collection for various venues, hospitality and tourism events.
Education/Workforce: Tarleton State University, Ranger College and Workforce Solutions Collaboration.