--- title: MORE THAN $43 BILLION ADDED TO REGIONAL ECONOMY THROUGH EFFORTS OF ALLEN EDC description: Projects supported by Allen Economic Development Corporation (AEDC) have added $43 billion to the city of Allen and the wider regional economy, according to a recent study by a third-party analytics firm. Since its inception, the AEDC has supported 149 projects that have accounted for 18,347 direct jobs within the city, comprising 53% of the total jobs in Allen. image: https://content.allenedc.com/hubfs/Watters%20Creek%20District%20North%20Aerial%20Aug%202021%20(1)-%20low%20res.png --- ** ###### Phone : [(972) 727-0250 ](tel:9727270250) [![Allen EDC](https://content.allenedc.com/hs-fs/hubfs/2017-Logo.png?width=175&height=80&name=2017-Logo.png "Allen EDC")](https://www.allenedc.com) [![logo-black](https://f.hubspotusercontent20.net/hub/4057429/hubfs/Regal_Core_Theme/Logo/logo-black.png?width=85&height=30&name=logo-black.png "logo-black")](https://www.allenedc.com) - [WHY ALLEN?](https://www.allenedc.com/why-allen) - [WORKING IN ALLEN](https://www.allenedc.com/why-allen/working-in-allen) - [LIVING IN ALLEN](https://www.allenedc.com/why-allen/living-in-allen) - [EDUCATION](https://www.allenedc.com/why-allen/education) - [ABOUT](https://www.allenedc.com/about) - [STAFF](https://www.allenedc.com/about/staff) - [BOARD OF DIRECTORS](https://www.allenedc.com/about/board-of-directors) - [BOARD AGENDAS](https://www.allenedc.com/about/board-agendas) - [MEDIA CENTER](https://www.allenedc.com/about/media-center) - [DEVELOPMENTS](https://www.allenedc.com/developments) - MIXED USE DISTRICTS - [THE FARM IN ALLEN](https://www.allenedc.com/developments/the-farm-allen) - [SLOAN CORNERS](https://www.allenedc.com/developments/sloan-corners) - [THE AVENUE](https://www.allenedc.com/developments/the-avenue) - [ALLEN GATEWAY](https://www.allenedc.com/developments/allen-gateway) - WATTERS CREEK OFFICE PARK - [OFFICES AT WATTERS CREEK](https://www.allenedc.com/developments/offices-watters-creek) - [ONE BETHANY AT WATTERS CREEK](https://www.allenedc.com/developments/one-bethany-watters-creek) - [ALLEN TECH HUB](https://www.allenedc.com/developments/allentechhub) - [ONE ALLEN CENTER](https://www.allenedc.com/developments/one-allen-center) - [INDUSTRIAL](https://www.allenedc.com/developments/industrial) - [DATA CENTERS](https://www.allenedc.com/developments/data-centers) - [LABOR & DEMOGRAPHICS](https://www.allenedc.com/labor-demographics) - [KEY INDUSTRIES](https://www.allenedc.com/labor-demographics/key-industries-employers) - [BUSINESS ASSISTANCE](https://www.allenedc.com/business-assistance) - [INCENTIVES](https://www.allenedc.com/business-assistance/incentives) - [RETENTION & EXPANSION](https://www.allenedc.com/business-assistance/retention-expansion) - [SMALL BUSINESS GRANT PROGRAM](https://www.allenedc.com/small-business-grant-program) - [TAX CLIMATE](https://www.allenedc.com/labor-demopgraphics/tax-climate) - [RELOCATION SERVICES](https://www.allenedc.com/business-assistance/relocation-services) - [CONTACT US](https://www.allenedc.com/contact-us) ** ** Hit enter to search or ESC to close [Recent News](https://content.allenedc.com/in-the-news/topic/recent-news) # MORE THAN $43 BILLION ADDED TO REGIONAL ECONOMY THROUGH EFFORTS OF ALLEN EDC [By AllenTXEDC](https://content.allenedc.com/in-the-news/author/allentxedc) November 23, 2021 - [** ](https://twitter.com/intent/tweet?url={url}&text={title}) - [** ](https://www.linkedin.com/shareArticle?mini=true&url={url}&title={title}) - [** ](https://www.facebook.com/sharer.php?u={url}) Projects supported by Allen Economic Development Corporation (AEDC) have added $43 billion to the city of Allen and the wider regional economy, according to a recent study by a third-party analytics firm. Since its inception, the AEDC has supported 149 projects that have accounted for 18,347 direct jobs within the city, comprising 53% of the total jobs in Allen.   Insight Research Corporation, nationally recognized for their leading-edge methodologies, conducted the study that examines the economic, employment and tax revenue impact of AEDC projects. As of 2020, AEDC projects represented $2.6 billion in appraised value that has grown over the past 28 years, or 60% of Allen's current commercial tax base. Even with the challenging environment in 2020, AEDC projects were shown to have produced a growing stable base of jobs and new economic impact to the regional economy in excess of $2 billion.   "Twenty-eight years ago, voters tasked the AEDC with bringing in high quality jobs and increasing the commercial tax base in order to lower the tax burden on Allen citizens,” said Daniel Bowman, AEDC CEO/Executive Director. “We are proud to be accomplishing that objective by recruiting projects that enhance the economy and support amenities that many of our residents enjoy.”   AEDC projects have helped stabilize not only Allen's tax base, but also that of the Allen Independent School District, Collin County, the Collin County Community College District and the State of Texas. It is estimated that since 1993, AEDC projects have resulted in $2.965 billion in direct taxes paid to all jurisdictions, with $559 million added in 2020 alone.   Since the ordinance was approved by voters in 1992, the AEDC’s performance has been measured to track return on investment. This is the ninth impact report conducted by Insight Research for AEDC and provides a consistent measurement of the program’s value to the city of Allen. [All posts](https://content.allenedc.com/in-the-news) ###### About Author [AllenTXEDC](https://content.allenedc.com/in-the-news/author/allentxedc) The Allen Economic Development Corporation is focused on helping you raise your business and family in Allen, Texas. [** ](https://www.allenedc.com) [** ](https://www.facebook.com/AllenTXEDC/) [** ](https://www.linkedin.com/company/allen-economic-development-corporation) [** ](https://twitter.com/allentxedc?lang=en) ##### You might also like ![EagleNXT Relocating Global Headquarters to Texas](https://content.allenedc.com/hubfs/eBee-VISION_flying-over-road-desert.jpg) [EagleNXT Relocating Global Headquarters to Texas](https://content.allenedc.com/in-the-news/eagle-nxt-relocating-global-headquarters-to-texas) November 23, 2021 ![BMK Pharma Launching New Headquarters in Allen](https://content.allenedc.com/hubfs/Watters%20Creek%20(3).jpg) [BMK Pharma Launching New Headquarters in Allen](https://content.allenedc.com/in-the-news/bmk-pharma-launching-new-headquarters-in-allen) November 23, 2021 ![Two New Companies Sign Leases at The Farm in Allen](https://content.allenedc.com/hubfs/FarmWorks%20One%2010.9.jpg) [Two New Companies Sign Leases at The Farm in Allen](https://content.allenedc.com/in-the-news/two-new-companies-sign-leases-at-the-farm-in-allen) November 23, 2021 ##### SUBMIT YOUR COMMENT #### Subscribe Subscribe to our newsletter & stay updated [![AEDC-Footer Logo@2x](https://content.allenedc.com/hs-fs/hubfs/AEDC-Footer%20Logo@2x.png?width=175&height=45&name=AEDC-Footer%20Logo@2x.png "AEDC-Footer Logo@2x")](https://www.allenedc.com) 900 West Bethany Drive, Suite 280, Allen, TX 75013 Phone (972) 727-0250 ##### Partner Links [City of Allen](http://cityofallen.org/) [Allen Chamber of Commerce](http://www.allenchamber.com/) [Visit Allen, Texas](http://visitallentexas.com/) [CUTX Event Center](https://www.cutxeventcenter.com/) [Open Records Requests](http://cityofallen.org/961/Open-Government) ##### Connect [Contact Us ](https://www.allenedc.com/contact-us) Copyright 2026. 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All rights reserved. ![](https://www.facebook.com/tr?id=127901411124310&ev=PageView&noscript=1) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "AllenTXEDC", "url" : "https://content.allenedc.com/in-the-news/author/allentxedc" }, "dateModified" : "2021-11-23T19:45:00.822Z", "datePublished" : "2021-11-23T19:45:00.000Z", "headline" : "MORE THAN $43 BILLION ADDED TO REGIONAL ECONOMY THROUGH EFFORTS OF ALLEN EDC", "image" : [ "https://content.allenedc.com/hubfs/Watters%20Creek%20District%20North%20Aerial%20Aug%202021%20(1)-%20low%20res.png" ], "mainEntityOfPage" : { "@id" : "https://content.allenedc.com/in-the-news/more-than-43-billion-added-to-regional-economy-through-efforts-of-allen-edc", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://content.allenedc.com/hubfs/logo.png" }, "name" : "Allen Economic Development Corp" } } ```