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OVERVIEW: ECONOMIC DEVELOPMENT CORPORATION
A component unit of the City of Kennedale, the Economic Development Corporation (EDC) is
primarily funded by a .50% sales tax levied on items sold in the City of Kennedale. Revenue also
comes in the form of rent paid by tenants of the TownCenter, the proportionate share of
investment income, and other fees related to operating the TownCenter. For FY26, the EDC has
budgeted $125,000 in grants for entrepreneurs looking to establish, or further grow, their
business in Kennedale. The FY26 budget also includes $758,405 to renovate a vacant 10,000
square foot retail space within the TownCenter.
CITYOFKENNEDALE.COM/FINANCE 132
