The following announcement is reposted with permission from Dallas EDC.
Funding will empower Dallas EDC to advance its strategic pillars, including:
- Job Creation: Attracting and retaining employers through targeted industry and business retention programs that create living-wage jobs.
- Real Estate: Catalyzing the revitalization of underutilized and City-owned properties, with a focus on historically underinvested areas in Southern Dallas.
- Marketing: Positioning Dallas as a premier destination for business investment through proactive, data-driven marketing and industry outreach.
“This transformative investment from Communities Foundation of Texas both strengthens our capacity and validates the importance of our mission,” said Linda McMahon, president and CEO of Dallas EDC. “CFT’s confidence in our work affirms the value of building an independent, agile organization to drive inclusive economic growth in Dallas. We are honored by their support and energized by the challenge to raise matching funds. We look forward to rallying additional investors to amplify the impact of this gift across our city.”
“We are proud to be a lead investor in the Dallas EDC, an organization that shares our commitment to building a thriving community where every person can succeed,” said Wayne White, President and CEO at Communities Foundation of Texas. “This grant is a strategic investment in Dallas’s economic future. By strengthening Dallas EDC’s core capacity, we are helping to create a more resilient local economy that will benefit Dallas for years to come.”
The $1.5 million grant was made possible by support from more than 25 unrestricted and field of interest charitable endowment legacy funds* that Communities Foundation of Texas manages.
