THE BEST BUSINESS OPPORTUNITY

IN HOUSTON IS DUE SOUTH

2010 Annual Report

A NEW APPROACH
Greetings friends and colleagues,

In 2010, the Pearland Economic Development Corporation took

a new approach to almost everything we do. From state-of-the-
art facilities to staff and leadership changes with a revised focus
on return on investment for taxpayer dollars, it was a year of fresh
approaches for our organization.

A new board of directors took office and closely worked with

our new executive director, Matt Buchanan, to guide the PEDC
to another year of accomplishments. We celebrated the grand
opening of new area facilities, including the University of Houston-
Clear Lake Pearland Campus and home to the new PEDC offices,
the City’s new Recreation Center and Natatorium, and the
Cardiovascular Systems, Inc. manufacturing facility. In addition,
A HISTORY OF SERVICE

many more companies now call Pearland home and bring
employment opportunities for our citizens. While many people know the PEDC for its successful business MAJOR PEDC INVESTMENTS:
recruitment initiatives, in reality a large portion of our resources
During 2010, the PEDC developed an innovative marketing FM 518 Sewer Extension
have been invested in crucial infrastructure projects to support (Cullen to SH 288)
strategy to align our strategic goals with effective outreach tactics.
growth throughout our City. Since its creation in 1995, PEDC has 2002
As part of this new plan, we launched an updated branding
made investments in Pearland’s infrastructure totaling more $ 2 million
campaign and will soon be unveiling a new web-site.
than $34 million.
McHard Road Bridge
Most importantly, we shifted our focus in 2010 and made it a (SH 35 to Mykawa)
priority to demonstrate to Pearland residents how the PEDC has HERE ARE A FEW HIGHLIGHTS: 2002
been, and continues to be, a wise steward of their tax dollars. This $ 3.2 million
Bailey Road Bridge and McHard Road Bridge
year, we allocated funds to put a new face on the historic part of To facilitate the growth of the Pearland community and create a SH 35 Sewer Extension
our City. This included projects such as the Old Townsite Initiative, robust economy, it is imperative to improve connectivity across the 2002
which helped erect a new monument for the historic district, as City. To address this need, the PEDC invested $13.5 million in the $ 2.2 million
well as grants to help businesses within the district make façade road extension and bridge on Bailey Road and $3.2 million in the
Kirby Drive Extension
enhancements. McHard Road bridge. Eventually, these two projects will be key to (Shadow Creek Pkwy. to Beltway 8)
providing additional four-lane access across the entire City. 2006
As the Texas economy continues to shine, we expect to see
$ 6.5 million
Pearland’s future beam even brighter. Here’s to saluting 2010 and
getting started on a prosperous new year. Pearland Recreation Center and Natatorium Bailey Road Bridge
In 2008 – 2009, PEDC invested more than $1.9 million in the new (SH 35 to Oiler Rd.)
Sincerely, 2007
Pearland Recreation Center and Natatorium at 4141 Bailey Road.
$13.5 million
The 107,000 square-foot fitness center opened to the community
in July 2010. It is home to a gymnasium, weight room, activity SH 288 Water and Sewer
Charles D. Gooden, Jr. room, racquetball courts, locker rooms, an elevated story indoor (South Spectrum to Fellows Rd.)
2009
President track and a 50-meter competition pool.
$ 2.6 million

A GROWING OPPORTUNITY FOR BUSINESS
Delta Rigging & Tools, Inc.
(DR&T) is one of the largest
providers of lifting and rigging
products and related services in
the United States. Servicing the
Oil & Gas, Energy and Power-
Generation, Transportation and
Construction industries, DR&T
offers a complete portfolio of
lifting solutions.
American Business Consulting
is a comprehensive solutions
provider that facilitates all
aspects of opening and
operating a medical or dental
practice. The facility space will
accommodate the company’s
headquarters, as well as dental
and medical patient care space.
ZT Wealth, Inc. is a full-service
wealth management company.
Kemlon, a multi-discipline
manufacturing company, received
a PEDC grant to encourage the
company to complete a 43,000
square-foot expansion of their
Pearland facility. To-date Kemlon
created over 70 new full time jobs
and invested over $3.2 million
in building improvements and
$500,000 in fixed equipment.
New tenants at Shadow Creek Business Center well as global clients. The company will employ 27 people in its Third Coast Terminals is a
Pearland’s first Class A office building, Shadow Creek Business first full year of operation, with projected growth expected to near petrochemical company specializing
Center, reached 60 percent occupancy in 2010 with the addition 100 individuals. in storage, toll processing, contract
of three new tenants. The PEDC worked with the developer of the blending and drumming operation.
building to successfully recruit Delta Rigging & Tools, ZT Wealth Cardiovascular Systems, Inc. begins production in Pearland The company announced plans for
and American Business Consulting to relocate their headquarters Cardiovascular Systems, Inc. began operations in 2010 at its a 65,000 square-foot warehouse
to the Center. Already fans of Pearland’s location and attractive new Pearland facility. Recruited to Pearland in 2009, the medical expansion. When complete, the
business climate, these companies’ officials specifically chose device company completed construction of the 42,000 square- company will handle a max capacity
Shadow Creek Business Center for its top-quality amenities. foot building at 14740 Kirby Drive in April 2010. The organization of 270 rail cars and an additional 21
manufactures a minimally invasive medical device that treats tanks for client bulk storage.
Collectively, the three new tenants leased approximately 40,000 peripheral arterial disease and further prevents amputations of
The PEDC and the City of Pearland
square feet and will bring more than 135 jobs to the Pearland area. the leg. CSI is steadily growing in Pearland with a final employee
partnered with the company
count expected to be 250 within five years.
to apply for a $450,000 state
Brask Inc., Neela expands to Pearland
enterprise project nomination for
Another successful PEDC recruitment project in spring 2010 Committed to Pearland’s existing businesses
a refund of state sales and use
resulted in Louisiana-based Brask Inc., Neela breaking ground on The PEDC is dedicated to ensuring the success of the companies
taxes as part of their proposed
a new manufacturing facility in Pearland. The custom-fabricated that consider Pearland home by providing access to local and
expansion. Third Coast Terminals
heat transfer equipment manufacturer is building a state-of-the-art state resources and opportunities to enhance their operations. In
employs 75 full-time staff at the
fabrication facility on 9.45 acres in Pearland’s Industrial Park. The 2010, two area businesses benefited through partnerships with the
Pearland location.
strategic move helps the company better service petrochemical PEDC.
and chemical customers in Texas City, Freeport and Baytown, as

A DRIVE FOR WORKFORCE
AND REVITALIZATION IN PEARLAND
UHCL Pearland Campus creates opportunities
Perhaps the most exciting news in workforce
development in Pearland in 2010 was the opening
of the University of Houston-Clear Lake Pearland
Campus. The campus was developed and is owned
by the City of Pearland in partnership with PEDC
and UHCL. In August the campus welcomed over
500 students in its first semester. Students are
seeking degrees in high-demand disciplines such as
business, education and psychology.
Developments in workforce preparation
To ensure the city and its allies are making the best
decisions to support the community’s workforce,
the 2010 Pearland Workforce Survey and Analysis
was commissioned. Utilizing a grant from Alvin
Community College and the Houston-Galveston
Area Council Workforce Solutions office, the PEDC
facilitated the survey of primary employers in
Pearland. See results above.
THE FINANCIALS
Revitalization underway in Old Townsite
Established in 1894, the Old Townsite is the historic
center of Pearland. Today, the PEDC is leading
revitalization efforts to support Old Townsite
businesses and increase investment in the historic
district.
In fall 2010, the Pearland Old Townsite Business
Coalition, the PEDC and the City of Pearland
invested in and installed a 25-foot-long, brick
entryway monument at the intersection of FM 518
and McLean Road.
During 2010, the PEDC introduced the Pearland Old
Townsite Commercial Facade Grant Program. The
program helps fund the cost of exterior upgrades
to properties located within the historic district.
To date, three companies – Pearland Lumber,
Simms Automotive and Ben Best – each received
grants to make aesthetic enhancements to their
properties in one of three areas: commercial facade
improvements, historic signage and commercial
platting.
RESULTS FROM THE WORKFORCE SURVEY RECOMMEND THE PEDC:
• Support and expand partnerships with area education institutions
that offer workforce development.
• Work with area employers to develop added-value training incentives
to increase their competitive strengths in quality, productivity,
management and efficiency.
• Identify and address non-skills related workforce issues.
• Continue to provide incentives directly to companies that target
high-growth, high-wage occupations.
FY 2010 FY 2011
YEAR END ADOPTED
ACTUAL BUDGET
OPERATING REVENUES The Pearland Economic
Sales Tax $ 6,493,220 $ 6,549,159 Development Corporation
Interest Income 16,964 7,774 was created in 1995
Bond Proceeds 7,685,000
as a non-profit Type B
Miscellaneous 248,268 414,000
corporation under the Texas
TOTAL 14,443,452 6,970,933 Development Corporation
Act. The Corporation is
EXPENDITURES primarily financed by a half-
Operating 1,854,347 1,466,418 cent sales tax collected in
Incentives 1,885,343 1,800,000
the City of Pearland. State
Transfers Out/Intergovernmental 113,338 161,443
law allows the City to collect
Infrastructure 478,690 1,188,192
Bond Payments 1,570,031 2,060,676 this sales tax to carry out
Inventory 65,058 5,000 economic development
Capital 3,093,182 15,000 activities in the City.
TOTAL 9,059,989 6,696,729 The seven members of
the Board of Directors are
NET CHANGE IN FUND BALANCE 5,383,463 274,204 appointed by and serve
at the discretion of the
FUND BALANCE - BEGINNING 981,604 5,699,813
Pearland City Council. City
DEBT SERVICE RESERVE (665,254) Council approval is required
for the Corporation’s annual
FUND BALANCE - ENDING $ 5,699,813 $ 5,974,017 budget and bonded debt
issuance.
OFFICERS AND DIRECTORS
Ex-Officio Members:
Tom Reid, Pearland Mayor

Bill Eisen, Pearland City Manager

Carol Artz-Bucek, President
and CEO Pearland Chamber
of Commerce
Gooden Jr. Idoux Stevener O’Day Patel Burnett

Charles D. Gooden Jr., President, joined the PEDC in 2009 and previously served as Vice-Chair of the Pearland Planning and Zoning
Commission and Vice-Chairman of Commerce Development for the Pearland Chamber of Commerce. Presently, Charles is Vice
President of Support Services at Charles D. Gooden Engineers, Inc.

Gary Idoux, Vice President, joined the PEDC in 2006. He also serves as Chairman for the Brazoria County Toll Road Authority and is a
former Chairman of the Pearland Chamber of Commerce. He has served as Market President for Capital Bank in Pearland since 2002.

Lucy Stevener, Secretary, joined the PEDC board in 2001. She was Chairman of the Board for the Pearland/Hobby Chamber of
Commerce in 1998. She is co-owner and hospital administrator for Pearland Animal Hospital.

Mike O’Day joined the PEDC in 2009 and also serves as a board member for the Northern Brazoria County Education Alliance. He
served as a member of the Texas House of Representatives from Pearland (Dist. 29) in the 80th legislature and represented Matagorda
and parts of Brazoria County. He is the owner of O’Day Drilling Company and the CFO for Hydroflo Pumps USA.

Rushi Patel joined the PEDC Board in 2009. He is the President of Omkar Enterprises, LLC. His experience includes securing financing,
negotiating land deals, meeting city and county requirements for planning construction projects, developing and executing strategies
for marketing, operations, quality control, and planning annual budgets.

Jim Burnett joined the PEDC Board in 2010. He manages manufacturing in the Americas for an international telecommunications
company and joins the board after serving nine years as a city councilman in a North Texas city, representing that Council with TXDOT,
the North Texas Tollway Authority and the Regional Transportation Authority while concurrently supporting the economic development
efforts in his community.

EXECUTIVE STAFF
Matt Buchanan, Executive Director
Ramon Lozano, Assistant Director
Kyler S. Cole, Director, Business Development
Jenny Johnson, Economic Development Specialist
Janice Vega, Office Coordinator

HOUSTON

MEDICAL
CENTER

WWW.PEARLANDEDC.COM
PEARLAND
FORGET BUSINESS FRIENDLY, WE’RE BUSINESS OBSESSED

281.997.3000 1200 PEARLAND PARKWAY, SUITE 200; PEARLAND, TEXAS 77581