Economic Development Grant
Summary
Sherman is dropping $500k on Austin College to upgrade their engineering lab equipment. The goal is to keep local tech companies stocked with homegrown talent, though we're still waiting on a firm timeline for when the facility will actually be ready.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Impact analysis
The city is investing half a million dollars into private academic infrastructure to stimulate long-term workforce growth.
Local tech companies get a steady stream of skilled graduates, and Austin College students get access to top-tier gear.
Taxpayers who might prefer that public economic development funds be spent on infrastructure or direct business incentives instead of private college equipment.
Mentions & discussions (2)
Gainesville Advances $21M Moss Lake Pump Grant Bid
GAINESVILLE, Texas — Gainesville City Council has authorized submission of a $21 million grant application to replace the Moss Lake raw-water pump station, a project city materials describe as central to...
SEDCO grant backs Austin College engineering equipment
SHERMAN, Texas — The Sherman Economic Development Corporation approved a $500,000 grant for Austin College on March 23 to help buy equipment for the college’s planned Harris Engineering Center. The approval...
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