Latest news with #PEDC
Business Journals
22-07-2025
- Business
- Business Journals
Strategic redevelopment partnerships drive growth along Pearland's SH 35 Corridor
Pearland is a top destination for industrial and manufacturing development in the Greater Houston area, with its State Highway 35 corridor poised for long-term growth. Thanks to a proactive strategy, strong infrastructure investment, and a collaborative approach to business, the city is creating new opportunities for companies seeking high-quality industrial space and access to a skilled workforce. At the center of this momentum is Edge Industrial Park, a new 36-acre business park developed by Houston-based Stewart Development. Located at the southwest corner of SH 35 and McHard Road, the park offers nine freestanding, crane-ready buildings ranging from 20,000 to 34,000 square feet, designed to meet the needs of light manufacturing and distribution users. The first three buildings are expected to be completed later this summer. 'Pearland is a strategic choice,' said Brett Barnes, Vice President of Stewart Development. 'You've got great connectivity, a strong workforce, and a city that really understands what it takes to make projects successful.' That success is no accident. The Pearland Economic Development Corporation (PEDC) and the City of Pearland have invested heavily in the State Highway 35 Corridor Redevelopment Strategy —a multi-year effort aimed at revitalizing this long-established business corridor and strengthening Pearland's economic base. The strategy covers the corridor from Beltway 8 to the city's southern limits and focuses on infrastructure upgrades, development incentives, and proactive business recruitment. 'From the beginning, the collaboration with PEDC felt more like a true partnership,' Barnes said. 'They saw early on that there was a gap in the real estate market for smaller-footprint, Class-A industrial buildings and helped us move this project forward.' In March 2024, the City and PEDC finalized a development agreement with Stewart Development to support Edge Industrial Park's construction. The public-private partnership included site development assistance and infrastructure coordination, accelerating timelines and creating a clear path from vision to reality. That hands-on support proved critical in navigating challenges around timing, permitting, and utilities. Rather than slowing progress, the development team and local officials rolled up their sleeves and worked side-by-side to keep the project on track. 'We had a few hurdles, but the team stayed focused and solutions-oriented,' said Barnes. 'It's been one of the more efficient and collaborative experiences we've had.' The area surrounding Edge Industrial Park is already home to long-established businesses like Kemlon and Profax-Lenco, which have been part of the Pearland community for decades. Pearland's strategic position—just minutes from Beltway 8, William P. Hobby Airport, and the Port of Houston—makes it a natural hub for industrial tenants who rely on transportation access and regional connectivity. Barnes called Edge a 'long-term play' for Stewart Development and noted rising demand in the South Beltway for modern space that meets both operational and logistical needs. The speculative buildings currently under construction will give companies immediate options to locate in Pearland, while the pad sites offer room for build-to-suit expansion. With more than 130,000 residents and a strong pipeline of workforce talent, Pearland is increasingly viewed as a city that's ready for business. Through the SH 35 strategy and partnerships like the one forged at Edge Industrial Park, the city is laying the groundwork for sustainable growth. 'These projects help diversify Pearland's economy, create jobs, and strengthen the tax base for the city, county, and local schools,' said Valerie Marvin, Vice President of PEDC. 'It's about building something that lasts—not just for today's businesses, but for the future of Pearland.' Established in 1995 by the voters of Pearland, the is the leading economic development group for the thriving, business-friendly community of Pearland, Texas. PEDC focuses on business attraction, retention, and marketing; transportation, mobility, and infrastructure; developing Lower Kirby; corridors and beautification.
Hindustan Times
03-05-2025
- Politics
- Hindustan Times
Ajit Pawar inaugurates Parshuram Economic Development Corporation office
Pune: Deputy chief minister Ajit Pawar inaugurated the office of Parshuram Economic Development Corporation (PEDC) at the Council Hall on the occasion of Maharashtra Day on May 1. The Maharashtra government started the initiative from October 2024 for students from the Brahmin community with an initial funding of ₹50 crore. At present, students of the Brahmin community get aid only under the economically weaker category quota. Pawar said, 'The government will ensure that the corporation would not face financial problems and will provide adequate funds.' MP Medha Kulkarni and PEDC president Ashish Damle attended the function. As Pawar had to attend many events on the occasion of Maharashtra Day, he inaugurated the office at 6.20pm before the scheduled time of 6.30pm. As Kulkarni arrived at 6.24pm, the deputy chief minister had to open it again.
Time of India
29-04-2025
- Business
- Time of India
Parshuram corporation to operate from Pune, proposes multiple schemes
Chhatrapati Sambhajinagar: The state govt has allotted office space for the recently formed Parshuram Economic Development Corporation (PEDC) at the Council Hall in Pune. The formal inauguration of the office is scheduled to take place in the presence of deputy chief minister Ajit Pawar on the occasion of Maharashtra Day on May 1, corporation chairman Ashish Damle said on Tuesday. "The office is set up in an area of around 1,500 square feet at the Council Hall. Pune is a strategic location for different stakeholders," Damle told TOI. Formally announced in Sept last year with initial funding of Rs 50 crore, PEDC has appointed an officer of the rank of additional collector as its managing director. "We prepared and finalised the article and the memorandum of association for the Corporation. It will be a legal framework for the corporation to function," Damle said. The corporation has proposed multiple schemes, including offering 25% seed capital for entrepreneurs, hassle-free loans up to Rs 3 lakh, and financial aid to students, to name a few. "Deputy CM and finance minister Ajit Pawar, in his budget reply, said that adequate funds will be provided to the corporation as per requirement. With an office set up now, the full-fledged working of the corporation is expected with the rollout of different schemes after formal nod from the govt," Damle said.
CBC
22-02-2025
- Business
- CBC
Manitoba tourism gets $1.85M boost from Ottawa
The federal government is investing more than $1.85 million to boost tourism in Manitoba. Rosé Beach House, nestled in Winnipeg Beach, is among nine organizations receiving money from the Tourism Growth Program from Prairies Economic Development Canada (PEDC). They will receive $350,000 to expand the boutique hotel to include a second building and spa, founder Liz Crawford told CBC News. "For people who are looking to expand and grow their business … with our economy today, it's very difficult to check all the boxes with the bank," Crawford said, adding the financial boost is "going to help a lot of people be able to thrive and provide more opportunities and employment." Crawford will use the funds to break ground on a second building this spring — doubling the number of rooms to 12 and building a spa retreat on recently purchased land nearby. Growing tourism is vital for thousands of jobs and driving economic growth in Manitoba, according to Terry Duguid, federal minister of sport and Prairies economic development Canada. Travel Manitoba estimates around $1.8 billion is generated every year through tourism in the province. "Today's announcement is about shining a light on all of the great things that are happening in our great province year-round," Duguid said. "This investment does more than boost tourism. It drives economic growth, it creates jobs and expands opportunities for Manitobans." At present, the Rosé has one full-time employee handling marketing and other duties, along with about eight sub-contractors helping with maintenance and cleaning, Crawford said. She expects to double the number of jobs once the expansion is completed. The Rosé currently uses Airbnb for check-ins — something that began during COVID-19 because it was simple to use and offered visitors contactless check-in, Crawford said. She expects they will shift away from Airbnb bookings when the second building opens. Other sites receiving support include: The National Indigenous Residential School Museum, $350,000. The Churchill Chamber of Commerce to create an artificial intelligence-powered northern lights tracker, $250,000. Assiniboine Park Conservancy to develop and implement a winter activation program, $250,000. The Exchange District Business Improvement Zone to expand the public art festival, $150,000. MASS Investments Inc. to create a glamping accommodation experience in Pinawa, $152,875. Pinawa Unplugged Ltd. to develop multi-day active tourism offerings and improve accommodations in Pinawa, $118,685 . The Tourism Industry Association of Manitoba to support export readiness activities for tourism operators, $125,000. Falcon Trails Resort Inc. to enhance a recreational alpine and Nordic ski facility, $99,999. To qualify for the program communities, small and medium-sized businesses and not-for-profit organizations applied to PEDC and were reviewed based on different criteria to determine their eligibility. Lorraine Daniels, executive director of the National Indigenous Residential School Museum, says the funding will aid the museum's mission of ensuring residential school survivors' stories are preserved, shared and understood. Major improvements are in the works, including hiring a collections curator and an exhibits curator who are transforming the museum into a premier cultural and educational destination, Daniels said. The museum welcomes tourists from around the world, educating people about the dark legacy of residential schools in Canada and their continued impact on Indigenous communities, she said.
