The Turkey Economic Development Corporation is funded by a fixed percentage of the sales tax collected by the City of Turkey. This percentage was set prior to the current Board’s election and is currently set at .24%. That means that .24% of the 2% of the sales tax collected by the City is earmarked for Economic Development. So the money that we have available for distribution was provided by anyone who has spent money in Turkey.
We are a type B Corporation, so we do not have to focus on bringing in just NEW industry, but can support existing industry and quality of life initiatives.
We hope that by providing our citizens and business owners an opportunity to be a part of this process we will be good stewards of the funds that have been collected.
We can’t wait to see you and are so excited to be working for our Turkey, Texas community.