The Amarillo Economic Development Corporation (AEDC), funded by a city sales tax, provides aggressive incentive packages to existing and prospective employers. In the mid-to-late 1990s, the AEDC gained notoriety by sending mock checks to businesses across the country, placing full-page advertisements in The Wall Street Journal, and paying an annual $1 million subsidy to American Airlines to retain jet service. The AEDC is largely responsible for bringing Bell Helicopter Textron's development of the V-22 Osprey hybrid aircraft and the future site of Marine One assembly in Amarillo.
the amarillo economic development corporation (aedc) funded by a city sales tax provides aggressive incentive packages to existing and prospective employers in the mid-to-late 1990s the aedc gained notoriety by sending mock checks to businesses across the country placing full-page advertisements in the wall street journal and paying an annual $1 million subsidy to american airlines to retain jet service the aedc is largely responsible for bringing bell helicopter textron's development of the v-22 osprey hybrid aircraft and the future site of marine one assembly in amarillo