(SHERMAN, Texas) – June 14, 2018

After 23 years of service and dedication to the Sherman Economic Development Corporation (SEDCO), Executive Vice President Frank E. Gadek, CEcD, is set to retire on Friday, June 15. Gadek’s economic development career began at the City of Sherman in 1995, and in 1996, he became a
founding member of SEDCO. During his tenure, Gadek played a crucial role in attracting new industry and jobs to Sherman and helping our corporate citizens expand their operations. Some of these projects included ActiTech, Alpla, Ball DPF, CertainTeed, Consolidated Container Company, Eaton B-Line, Finisar, GlobiTech, J.P. Hart Lumber Company, Panda Sherman Power, Presco, Progress Rail Services, MEMC, Royal Case, Starr Aircraft, Sunny Delight and Tyson. “The past 23 years have been a unique and rewarding business experience,” said Gadek. “I am grateful to the City of Sherman and SEDCO for the opportunity to participate in Sherman’s economic and job growth and for supporting numerous economic development projects since SEDCO’s inception. Today, SEDCO is a mature, professional and highly respected organization that successfully competes nationally
and internationally.”

Prior to SEDCO, Gadek enjoyed a 24-year career in telephony with ConTel/GTE/Verizon. He earned a Bachelor of Science Degree from Northern Illinois University, a Texas Real Estate Sales License and a Certified Economic Developer (CEcD) designation from the International Economic Development Council (IEDC). He is an active member of IEDC, Texas Economic Development Council, Industrial Asset Management Council, Rotary International, and serves on the Center for Workplace Learning Advisory Committee, Child & Family Guidance Center of Texoma Board and the Texoma Workforce Development Board. Gadek said he is looking forward to spending more time with his three children, five grandchildren and three great-grandchildren.

“Frank has been a team player from SEDCO’s infancy to the successful corporation it is today,” said SEDCO Chairman John Sild. “His commitment to excellence has left a lasting impression on Sherman, Texas.”

A farewell reception will be held from 4:00 to 6:00 p.m. on Friday, June 29 at Grayson Hall, 115 S. Travis St. All family, friends, colleagues and well-wishers are welcome to attend. Recruitment firm, Strategic Government Resources will start interviewing Sherman community leaders on Monday, June 18 as part of their process to fill the SEDCO President position.

SEDCO and DDA VP of Business Retention & Expansion Awarded Certified Economic Developer Designation

SEDCO and DDA VP of Business Retention & Expansion Awarded Certified Economic Developer Designation

Denison and Sherman Texas | March 26, 2018

Stacey Jones, Vice President of Business Retention & Expansion for the Sherman Economic Development Corporation (SEDCO), and William Myers, VP of Business Retention & Expansion for Denison Development Alliance (DDA), have been awarded the Certified Economic Developer (CEcD) designation by the International Economic Development Council (IEDC) effective March 25, 2018. The CEcD designation was awarded to Jones and Myers after passing a rigorous three-part, two-day examination, testing their knowledge, proficiency and judgment in the key areas of economic development.

In 2014, Jones accepted the position of Economic Development Coordinator at SEDCO and in 2016 was promoted to Vice President of Business Retention & Expansion. Jones has played an active role in the creation and implementation of the student workforce development programs led by the Texoma Regional Consortium. Her work with the existing industries includes the quarterly Plant Manager and Safety Leader Forums and assisting with job creation/capital expansion projects. Jones began her career in Economic Development at the Duncan Area Economic Development Foundation in Oklahoma where she was the Vice President of Operations from 2000 to 2005. She is a graduate of the University of Texas at Tyler.

With 13 years of economic development experience, Myers has helped facilitate jobs, investment and award-winning developments though a wide array of projects including retail recruitment, manufacturing, downtown redevelopment, small business development, and mixed-use developments. Myers came to work for Denison Development Alliance in 2013 as VP of Business Development. He began his economic development career with the Bridgeport Economic Development Corporation in Bridgeport, TX where he was the Executive Director from 2005 to 2013. He is a 1997 graduate of Texas Tech University with a BBA Finance degree, a 2007 graduate from the Economic Development Institute, and is currently serving a third term on the Texas Economic Development Council’s Board of Directors

The CEcD designation recognizes qualified and dedicated practitioners in the economic development field and sets the standard of excellence within the profession. Candidates must pass a rigorous and comprehensive examination, which has three parts and spans two days. The exam tests a practitioner’s knowledge, proficiency and judgment in the following key areas of economic development:

● business retention and expansion
● finance & credit analysis
● marketing and attraction
● strategic planning
● entrepreneurial & small business development
● managing economic development organizations
● neighborhood development strategies
● real estate development & reuse
● technology-led economic development
● workforce development strategies

As highly competent economic development professionals, Certified Economic Developers work with public officials, business leaders and community members to create leadership to build upon and maximize the economic development sector. Excellence in the economic development profession improves the well-being, quality of life and opportunities for individuals, businesses and communities. There are currently over 1,100 active CEcDs in the United States.About IEDC

IEDC is the world’s largest professional organization for economic development practitioners. There are more than 5,000 members across the United States, as well as Canada, Europe, Australia, New Zealand, and other nations. IEDC works to help economic developers do their jobs more effectively, and to raise the profile of the profession.

Texoma is fortunate indeed to have these two proficient and dedicated leaders working in the business retention and development areana for the Texoma area.  Congratulation to both Stacy and William for their accomplishments and thank you for making Texoma a better place to live, work, and play.

Sherman Street Sales Tax Initiative

Sherman Street Sales Tax Initiative

Sherman Street Sales Tax InitiativeThe election on November 3, 2015 will give Sherman voters the opportunity to renew the Sherman Street Sales Tax Initiative which provides more than $1 million each year to fix Sherman’s roads. The tax is just 1/8 of a cent on purchases but it provides a full third of the city’s budget for street repairs. Since Sherman’s retail areas are a regional shopping center, more than half of the tax is paid for by those who reside outside the City of Sherman.

Renewal of the Sherman Street Sales Tax Initiative will provide funding for a major expansion of Loy lake Road, easing traffic headaches through the city’s major retail hub. Expansion of Loy Lake Road is expected to begin in early 2016.

In addition to widening Loy Lake Road between U.S. Highway 75 and U.S. Highway 82 from two lanes to four, the City of Sherman has more than 60 extra miles of road repairs planned if the tax is renewed on November 3, 2015.

The Sherman Street Sales Tax Initiative has funded the repair of more than 150 miles of streets, including several major thoroughfares through town.