Bastrop Economic Development Corporation - June 15, 2026

The Bastrop Economic Development Corporation (BEDC) Board of Directors met on June 15, 2026, to discuss several procurement and budget-related matters. The board reviewed the proposed fiscal year 2026-2027 budget, noting a slight revenue increase and a projected surplus of over $593,000. They also discussed economic development negotiations in executive session related to real property projects, including Project Electric Lion and a developer at Sendero. The board approved a resolution to enter into a memorandum of understanding to provide $25,000 annually over three years to Career Tracks, a workforce development organization, with plans to finalize the legal agreement. Additionally, the board approved submitting a grant application involving a $5 million infrastructure project with a $2 million local match, including funds clawed back from Accutronic for site improvements. An interlocal agreement was approved to loan BEDC staff time to the City of Smithville for a public health grant program. The board also discussed amending agreements related to infrastructure funding for Accutronic, with plans to coordinate with the city and legal counsel on the details. Overall, the meeting focused heavily on budget allocations, contract negotiations, grant applications, and workforce development funding to support local economic growth.