Montgomery County Economic Development Corporation reported a highly successful 2023, with its Business Retention and Expansion (BRE) program generating over $74 million in new capital investment and supporting the creation or retention of 1,840 jobs across Montgomery County.
The BRE program, which began in 2021, involved the MCEDC team conducting 102 visits to local businesses throughout the county last year. These engagements are designed to understand existing companies' needs, address challenges, and connect them with vital resources to foster local growth. Gil Staley, CEO of MCEDC, emphasized the program's importance, noting that approximately 80% of new jobs typically originate from businesses already established within an area.
Several key businesses benefited from MCEDC's BRE efforts in 2023, contributing significantly to the county's economic vitality:
* **Custom Cable & Harness (CCH) in Conroe** is undertaking a major expansion, investing over $10 million into a new facility on a 25-acre site. This project is projected to create between 150 and 200 new jobs, with MCEDC providing assistance in site selection.
* **Covalence in Willis** is expanding its operations with a $5.2 million investment, adding 45 new positions. MCEDC provided critical information regarding local incentives to support their growth.
* **Conroe Machine in Conroe** completed a $4.8 million expansion. The MCEDC connected them with workforce training programs and helped explore potential tax incentives.
* **Global Shop Solutions, based in The Woodlands,** is consolidating and expanding its campus with a $25 million investment, expected to bring 50 new jobs to the area. MCEDC assisted the company with details concerning tax abatements.
* **JMS Plastics in Conroe** is boosting its manufacturing capabilities with a $4.5 million investment and adding 20 new jobs. MCEDC helped link the company with relevant state grant programs.
The Montgomery County Economic Development Corporation’s proactive strategy of actively supporting and growing businesses already rooted in the county continues to yield substantial economic dividends for the community.
For more information on MCEDC and its programs, visit [MCEDC Website Link].
