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EXAS � O' MIC IDEVEILOPM t C � I� OR STI rip ra II5 r r :rr i r Reach rac 1 i 11 l'y'.jl°„ governance, strategic land acquisition, and measured deployment of incentives, positioning the organization to continue building on that progress. Looking ahead, Hammond stated that the next phase of economic development will require continued focus on industrial building inventory, housing availability, workforce pipeline development, incentive competitiveness, and infrastructure capacity. She emphasized that while job creation and retention remain the organization's core mission, sustaining that growth will depend on the community's ability to attract and retain talent through adequate housing, workforce alignment, and overall community capacity. She noted that economic development increasingly intersects with these broader community factors and will require ongoing engagement by the PEDC in broader community discussions. Ms. Hammond opened the floor for questions regarding the 2025 Annual Presentation. Mr. Homer asked whether EDCs in surrounding communities operate as Type A, Type B, or a combination of both. Ms. Hammond stated that most are Type A corporations, while others operate as Type B. She also noted that some communities maintain both Type A and Type B corporations. Mr. Homer also asked whether sales tax holidays have impacted PEDC sales tax revenue. Mr. Coleman responded that he has not observed any significant impact on sales tax revenue as a result of the holidays. Dr. Hashmi noted that the PEDC receives one-quarter cent of the local sales tax, while the City receives the other quarter cent in addition to the one percent sales tax it collects. He asked whether other communities operate under a similar structure. Ms. Hammond stated that she would research the matter and provide an answer at a later date. Mr. Bray thanked Ms. Hammond for her presentation and expressed enthusiasm for the future of economic development. There being no further questions or comments, the discussion concluded. Convene into Executive Session: Pursuant to Section 551.087 of the Texas Government Code to 1) discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have to locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or 2) to deliberate the offer of a financial or another incentive to a business prospect described by Subdivision (1), to wit: Page 5 of 7