Grayson County EDA 7/23/26

The Grayson County Economic Development Authority (EDA) held a meeting on July 23, 2026, focusing primarily on a proposal from a group of local nonprofits and business owners interested in purchasing the Baywood School property. The group aims to transform the property into a community hub supporting multiple 501(c)(3) nonprofits and small businesses, with plans for phased renovations funded largely through grants. The discussion included details about the formation of an LLC to acquire the property, the involvement of grant writers, and the potential for various community services such as a commercial kitchen, agricultural education, and a day program for geriatrics. The EDA agreed to allow the group to proceed with ordering a Yellow Book appraisal of the property at their expense, with the understanding that the group would pay the appraised value if the purchase moves forward. The meeting also covered concerns about grant eligibility, property ownership structures, and the importance of sustainable funding through nonprofit partnerships. Additionally, there was a presentation on small business development and the importance of comprehensive business planning for local entrepreneurs. No specific contract awards or budget allocations were made during this meeting, but the appraisal approval represents a key step in the potential property transaction and community development project.