Bastrop Economic Development Corporation August 24, 2026

The Bastrop Economic Development Corporation (BEDC) held a meeting on August 24, 2026, focusing on updates related to economic development initiatives and budget approval. Key procurement-related discussions included grant requests for multi-million dollar projects such as infrastructure improvements in the business and industrial park funded by the Economic Development Administration and a Texas Department of Transportation safety enhancement project involving street lighting and pedestrian safety. The BEDC also discussed new grant programs aimed at supporting local small businesses through emergency and reinvestment grants, with potential collaboration with Rosco Bank for forgivable loans. Additionally, the board reviewed and approved the FY 2026-2027 BEDC budget, which includes revenues of approximately $1.77 million and expenses of $1.396 million, factoring in a 3% cost of living adjustment for staff and an 8% insurance cost increase. The budget maintains a positive fund balance of $375,000. No specific contract awards or vendor selections were detailed, but the meeting emphasized ongoing economic development projects, grant funding pursuits, and business retention efforts.