SEDCO: Always Investing. Never Satisfied.
The Sherman Economic Development Corporation team is the friendliest, most skilled, and creative collection of talent that you would ever want in your corner. We’re always investing in our companies, our workforce, our infrastructure, and our community. Sherman thrives on innovative ideas and economic diversity. “Never satisfied” means we don’t rest on our accomplishments but are always planning for growth; always welcoming it. Sherman’s industrial history dates to the mid-1800s, but we are really just getting started.
Sherman proudly hosts operations for global leaders such as:
- Texas Instruments
- Tyson Foods
- Sunny Delight
- Modular Power Solutions
- Progress Rail Services
- Kaiser Aluminum
- Altium Packaging
- And many others
SEDCO Mission and Goals
Our mission is to grow and diversify the economy of Sherman and the surrounding area through the addition of new jobs and investment of primary employers. Since 1996, SEDCO has focused on a mission and strategy to grow the primary employment sector — those companies with statewide, national, and global markets. The local 3/8 cent sales tax supporting SEDCO provides the resources to market the community, provide cash incentives for new investments and jobs, and develop business park sites for industry. SEDCO Board of Directors and Sherman City Council annually adopt a new Program of Work for SEDCO to guide the development, re-development and community enhancement in Sherman and the surrounding area.
SEDCO is a Type A economic development organization which means we are authorized to fund projects that create and retain primary jobs. The economic development sales tax statute defines a primary job as a job: (1) available at a company for which a majority of the products or services of that company are ultimately exported to regional, statewide, national, or international markets, infusing new dollars into the local economy; and (2) included in one of the following sectors of the North American Industry Classification System (NAICS): 111, 112, 113, 11411, 115, 211-213, 221, 311-316, 327-327, 331-337, 339, 42, 48-49, 51 (excluding 51213 and 512132), 523-525, 5413, 5415-5417, 5419, 551, 56142, 922140, 928110.
FY 2021-2022 Goals to Promote Capital Investment and Jobs
- Retain and expand existing primary employers
- Recruit targeted primary employers and allies
- Support workforce development and employment programs
- Manage and market SEDCO real estate to attract industrial real estate investments
- Cultivate and fund an Entrepreneurial Program
- Encourage Sherman minority-owned and women-owned businesses