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MANSFIELD ECONOMIC DEVELOPMENT CORPORATION
Budget Summary
The Mansfield Economic Development Corporation (MEDC) is funded by a ½ cent sales tax approved by
the citizens. The tax became effective on July 1, 1997. The Economic Development fund is used to attract
desirable industries and commercial development to the City of Mansfield while retaining and assisting in
the expansion of existing businesses.
The MEDC budget increased 17.54% overall due to projected increases in project commitments, as well
as the addition of one new position. Budgeted sales tax was increased 18% based on recent trends,
allowing for a corresponding increase in expenditures. A more robust advertising campaign contributed to
the increase in Promotions. The Work Force Development budget also increased to fund sponsorship
participation in Manufacturing Day.
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