a n n ua l r e p o rt

2009

PEARLAND
e c o n o m i c d e v e l o pm e n t c o r p o r at i o n
 PEDC Annual Report 2009 1

L etter from the President

Today’s economy calls for every organization to define its value to the community
it serves. The Pearland Economic Development Corporation (PEDC) is no exception.
As stewards of the taxpayers’ hard-earned money, our value is proven by how well
we use tax dollars to ensure we reap the greatest benefits for Pearland’s citizens.

The PEDC’s greatest value comes through diverse business retention and attraction
activities. The PEDC offers competitive incentives for new business, such as business
development grants, tax abatements, as well as a business retention and expansion
program addressing the needs and interests of local companies.

Our value is reaffirmed as we diligently work to increase the number of available job
Ed Thompson opportunities. In addition, we develop partnerships with education organizations to
President
ensure our workforce is qualified for these new career possibilities. The end result is
improved economic stability and a desirable quality of life for the members of our
fast-growing community.

For every new project brought to town, or local business assistance activity we
provided, there are countless hours of partnership and planning that took place.
From Class A office space to manufacturing and industry, every successful project is
the result of working closely with the city’s administration, the PEDC board and our
regional partners, such as TexasOne and the Greater Houston Partnership.

This year’s annual report chronicles the many accomplishments of the last year.
I believe you will be impressed by the magnitude and diversity of the projects
undertaken and how our community is evolving. It is with great anticipation I look
to the new year and the changes it will bring.

Sincerely,

Ed Thompson
President
2 PEDC Annual Report 2009

Board & Staff Members

O fficers Ed Thompson, President, has served on the board since November 2003.
Thompson’s community leadership also includes the Pearland ISD Board of
Trustees, Pearland Chamber of Commerce Board, the Pearland Rotary, the
Coppinger YMCA and the Pearland Adult Reading Center. Ed also currently
serves on the Board of the Northern Brazoria County Education Alliance. He
has been a State Farm Insurance agent in Pearland since 1982.

Charles D. Gooden Jr., Vice President, served as Vice-Chair of the Pearland

Planning and Zoning Commission and Vice-Chairman of Commerce Development
for the Pearland Chamber of Commerce prior to his appointment to the PEDC
Thompson Gooden Jr. Stevener Board. Presently, Charles is Vice President of Support Services at Charles D.
Gooden Engineers, Inc.

Lucy Stevener, Secretary, has served on the PEDC board since 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.

Kurt Evenson joined the PEDC Board in November 2009. Previously, he

D irectors served on the City of Pearland Charter Review Commission. He has almost 25
years of experience working as an administrator in the Texas Medical Center at
Baylor College of Medicine.

Gary Idoux joined the PEDC Board in 2006. He also serves as Chairman for
the Brazoria County Toll Road Authority, is on the boards of the Rotary Club of
Pearland and Forgotten Angels, and is a former Chairman of the Pearland Chamber
of Commerce. He has served as Market President for Capital Bank in Pearland
since 2002.
Evenson Idoux
Mike O’Day serves on the PEDC Board and 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,
O’Day Patel developing and executing strategies for marketing, operations, quality control, and
planning annual budgets.

Executive S taff
Matt Buchanan
Executive Director
mbuchanan@ci.pearland.tx.us
PEDC welcomes Matt Buchanan
as the new Executive Director.
Back from left to right: Cole, Lozano, Buchanan
Front from left to right: Vega, Brannon
RamoÉn Lozano
Assistant Director of Economic
Development
rlozano@ci.pearland.tx.us
Kyler S. Cole
Director, Business Development
kscole@ci.pearland.tx.us
Jenny Brannon
Economic Development Specialist
jbrannon@ci.pearland.tx.us
Janice Vega
Office Coordinator
jvega@ci.pearland.tx.us
 PEDC Annual Report 2009 3

A destination city
Pearland is a destination city for life science companies,
because it meets all the important location factors –
proximity to major universities, skilled labor pool and
accessible/affordable real estate.

Case in point, Cardiovascular Systems, Inc. (CSI)

recently selected Pearland as the home of its second
manufacturing facility in the U.S. This leading medical
device manufacturer is developing and commercializing
innovative, interventional treatment systems for vascular
disease. Through strategic partnerships and resourceful
CSI Diamondback 360® PAD System incentives, the PEDC was instrumental in bringing this
biotech target to the city. The PEDC teamed with Texas
Governor Rick Perry’s office and the Greater Houston
Partnership to create a winning proposal. The package
included the PEDC constructing the 46,000-square-foot
manufacturing facility and leasing it back to CSI for a 10-
year term. The PEDC also worked on a job creation and
equipment grant worth $3.5 million.

Residential Permits
The facility will support the production of a minimally
0.60% 49.40% 3,000
2,500
invasive catheter
2,610
used for treating peripheral arterial
2,102
Residential Permits 2,072
2,000
$1,352 1,430
1,684
disease and other products. This investment in CSI is
1,589 Number of Permits Issued
1,500 1,243 1,204
50.60% 49.40% 3,000 2,610
1,000
2,500 536
818
2,102 $385 $480
$312 2,072$393 expected to bring approximately 250 jobs to Pearland
Permit Valuation (in millions)
$187 $257
1,684 $309 $253
500
2,000 1,589 Number of Permits Issued
1,500
0
$1,352 $28
1,243
1,430 over the course of five years.
1,204
1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

1,000 536 818

$312 $385 $480 $393 $309 Permit Valuation (in millions)
500 $187 $257 $253
$28
0
E0.7%
stimated P opulation by Age Community Information Community Facilities
1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2.7% 0.80% Under 5 Years Hospitals 10 within a 20-mile radius

Average Household Income $94,007
9.4% 5-14 Years Median Household Income $75,653
Hospital Beds 1,239+
5.6% 2.80% Hotels (4) 579 rooms
15-19 Years Per Capita Income $32,710
8.60% Commercial Permits Motel 45 rooms
9.4% 5.30% 15.3% 20-24 Years
300 Medical Clinics 41
Commercial Permits $264
ESTIMATED POPULATION
9.60% 14.40% 25-34 Years Churches 65
35-44 Years 300 DEMOGRAPHICS
250 $264 Newspapers
Total Population 104,855 Daily 1
3.8% 6.8% 45-54 Years 250
200
Population Density Weekly 3
14.20% 6.60% 55-64 Years 200 (Pop/Sq Mi)
150 1,906.50
$173 Number of Permits Issued
Television
$99
9Number
5.7% 65-74 Years 150 Total Households
100 36,278
$173
77
of Permits
Public Access
Issued
City View 16
66 $99
9
5.20% $33 $42 43 5166 77 Radio Stations
Permit 23millions)
Valuation (in AM & 25 FM
75-84 Years 100 $27 $31
50 $16 $33 $42 43 51
$27 $31 49 52 Permit Valuation (in millions)
15.3% 15.3% 85+ Years 50 $16 $39 $41 52
16.20% 16.10% 0 22 17 16 25 49 $39 $41
Median Age 33.4 0 22 17 16 25
1999

2000

2001

2002

2003

2004

2005

2006

2007

2008
1999

2000

2001

2002

2003
2004

2005

2006

2007

2008
 4 PEDC Annual Report 2009

Generating results with CARE

The PEDC’s mission is the Creation, Attraction, Retention,
and Expansion of business. The work of continuing to make
Pearland a great place to do business paid dividends in 2009
when several businesses chose Pearland for their facility
needs. Examples of success include:
Eagle Hangers – Company president, Sonny Ha, selected
a 90,000-square-foot warehouse facility on Fite Road in
Pearland as the company’s headquarters. Eagle Hangers is
one of the nation’s largest manufacturers of disposable, steel
wire garment hangers for the dry cleaning, uniform rental
and textile industries.
Local Pearland businesses also benefited from the PEDC’s
retention and expansion efforts. One example is Aggreko,
LLC, the global leader in generator rental.
The company received a $93,000 grant to make property
improvements along Magnolia Drive. Aggreko plans to have
more than 110 employees in Pearland within the next five
years.
Residential Permits

49.40% Residential Permits

50.60% 3,000 2,610
2,500 2,102 2,072
Freese
50.60% and Nichols – The Texas-based architecture and
49.40% 3,000
2,000 1,684 2,610 1,589 Number of Permits Issued
2,500 $1,352 1,243 1,430
1,500 2,102 2,072 1,204
engineering firm selected a 10,000-square-foot office space
2,000 818
1,000 536 $1,352 1,430
1,684 1,589
$480 $393 $3091,204
Number of Permits Issued
1,500
500 $1871,243 $257$312 $385 $253 Permit Valuation (in millions)
$28
above the retail stores at Pearland Town Center to expand
1,000 536 818
0
$187 $257$312 $385 $480 $393 $309 $253 Permit Valuation (in millions)
1999

2000

2001

2002

2003

2004 2004

2005 2005

2006 2006

2007 2007

2008 2008

500 $28
its regional offices. The PEDC provided project assistance to
0
1999

2000

2001

2002

2003

seal0.7%
the deal.
2.7%0.80%
2.80% 9.4%
ZT Shadow Creek
5.6% Business Center – After several years of
8.60%
5.30% Commercial Permits
9.4%planning, Pearland’s15.3%
first Class A office space300
completed Commercial Permits
9.60% 14.40% $264
construction and signed its first tenant in 2009. 300
250 $264
250
200
13.8% 6.8%
14.20% 6.60% 200
150 $173 Number of Permits Issued
$99
9
5.7% 150
100 ZT Shadow Creek 77Business
$173 Number of Permits Issued
Center Rendering
66 $999
5.20% 100 $27 $31 $33 $42 43 51 77 Permit Valuation (in millions)
50 $16 $42 43 51
66
$3349 52 Permit Valuation (in millions)
15.3% 15.3% 50 $27 $31 $39 $41
$16
0 22 17 16 25 49 52
16.20% 16.10% $39 $41
1999

2000

2001

2002

2003
2004

2005

2006

2007

2008

0 22 17 16 25
1999

2000

2001

2002

2003
2004

2005

2006

2007

2008

Estimated Households by I ncome Taxation

$150,000+ TAX RATE (Per $100 Assessed Value) SALES TAX
4.40%
5.00% $100,000 - $149,999
15.30% City of Pearland $0.652600 City of Pearland 1.5%
5.30% 12.70% $75,000 - $99,999
6.10% Brazoria
3,000 County (including R&B) $0.381701 Brazoria County 0.5%
6.00% $50,000 - $74,999 3,000 2,610
6.80% Brazoria
2,500
Drainage2,610
District #4 $0.143845 State of Texas 6.25%
$35,000 - $49,999 2,072
State2,500
of Texas
2,102 2,072 None Total 8.25%
10.50% $25,000 - $34,999 2,000
12.00% 24.20% Corporate
2,000 1,589 None
22.00% $15,000 - $24,999 1,500
1,589
Personal
1,500 None
1,204
1,204
Less than $15,000 1,000 776
Pearland
1,000ISD $1.419400
$480 $393 $309
500
500 $385 $480 $393 $1.328200
Alvin ISD $253
$309 $148
$253
18.50%
19.60% Alvin Community
00 College $0.199832
15.90%
2005

2006

2007

2008

2009

15.70%
2004

2005

2006

2007

2008
 PEDC Annual Report 2009 5

In with the old ...

The Coalition also unveiled aResidential

new brand identity for Old
Permits

50.60% 49.40% Townsite that was

3,000 incorporated into a Web
2,610 site landing
2,500 2,102 2,072
page and brochure
2,000for marketing the
$1,352 1,430
1,684district. 1,589 Number of Permits
1,500 1,243 1,204
1,000 536 818
$480 $393 $309
500 $187 $257$312 $385 $253 Permit Valuation (
As part of its plan to create a city center that celebrates its0
$28

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008
rich history, the PEDC is assisting the redevelopment efforts
0.7% of businesses in Pearland’s Old Townsite by offering grants
2.7% for commercial façade improvements, historic signage and
9.4%
5.6% commercial platting, and property rehabilitation.
Commercial Permits
9.4% 15.3%
300 $264
Residential Permits
Keep America
250 Beautiful, a national nonprofit
50.60% 49.40%
13.8%
3,000
6.8% 2,610 200
2,500 2,102 2,072 organization, awarded the PEDC, in partnership with
Number of Permits I
2,000 1,684 150 $173
1,589 Number of Permits Issued $99
9
1,500 5.7%
$1,352
1,243
1,430
1001,204 Keep Pearland Beautiful, a $10,000 “Think
66
Green”
77 grant
1,000 536 818 $27 $31 $33 $42 43 51 Permit Valuation (in
$257$312 $385
$480 50
$393 $309
for its efforts in encouraging local solutions to52improve Permit
$16Valuation (in millions)

2009 marked the launch of the Pearland Old Townsite

500 $187 $253 49
15.3% 15.3% $28 $39 $41
0 0 22 17 16 25
community environments. Pearland is one of 15 cities in
1999

2000

2001

2002

2003

2004

2005

2006

2007

2008
1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

Business Coalition. This group of concerned citizens and the U.S. and the only city in Texas to win a grant.
0.7%
business owners generates ways to restore the beauty and
2.7% 4.40%
history of 9.4%
this treasured part of Pearland. 15.30%
5.6% 5.30%
Commercial Permits 3,000
9.4% 15.3% 6.00% 2,610
2,500
The initial district improvements included the installation
300 $264 2,072
10.50% 250 2,000
24.20% 1,589
of historic, ornamental street signs and the
200
design of a 1,500
13.8% 6.8% 1,204

new entryway monument sign. The completion of these 1,000Issued 776

150 $173 Number of Permits
$99
9 $480
5.7% 100 77 500 $393 $309 $253
projects will establish an architectural
18.50% design standard
$27 $31
that$33 $42 43 51
66
Permit Valuation (in
0 millions)
$148

50 $16
15.90%
2005

2006

2007

2008

2009
52
will help instill
15.3% 15.3%a more consistent image for0 the district.
22 17 16 25
49
$39 $41
1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009 P ermit Activity 1740, 6% Permits 2005-2009

4.40%
SINGLE-FAMILY15.30%
HOME COMMERCIAL Residential Permits Commercial Permits
5.30%
Month Homes Valuation Month Permits Valuation 3,000 300
6.00% (in millions) (in millions) 2,610 $264
2,500 250
January 32 $6 January 8 $4.8 2,072
10.50% February 50 $9.6 February 6 $2.7 2,000 200
March 57 24.20%
$11.3 March 6 $17.6
1,589 $173
1,500 150
April 49 $10 April 2 $17.4 1,204
$99 $95
776 100
May 41 $8.6 May 3 $3.5 1,000 Residential Permits 66
77
51
June 158 $29.7 June 2 $1 500 $480 $393 $309
$253 $148
50 78
52
July 97 $18.4 July
49.40% 4 28,624,$11.1
94% $41
50.60%
18.50%August 69 15.90%
$13.5 August 7 $4
3,000
Residential Permits 0 2,610 0
2005

2006

2007

2008

2009

2,500
2005

2006

2007

2008

2009

2,102 2,072
September 29 $5.4 September 4 $11.9 2,000 1,684 1,589 Number of Permits Issued
49.40%
October 72 $13 October
3,000 8 $7 $1,352
2,610 1,430
1,204
1,500 1,243
November 65 $12.5 November
2,500 10 $12 1,000 2,102 818 2,072
December 57 $9.6 December
2,000 18 5.7%
$1.4 1,684 536
$187 1,589
$257 $312 $385 $480of$393
Number Permits Issued
$309 $253 Permit Valuation (in millions)
1,430
$1,352 500
12.4% 1,243
1,500 $28 1,204
1740, 6% 1,000 536 818 5.5%0
1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

$480 $393 $309

500 $187 $257$312 $385 $253 Permit Valuation (in millions)
650.60%
Residential Permits
PEDC Annual Report 2009
49.40% 3,000 2,610
2,500 2,102
Residential Permits 2,072
2,000 1,684 1,589 Number of Permits Issued
$1,352 1,430
1,500 1,243 1,204
50.60% 49.40% 3,000
818 2,610
2,5001,000 536 2,102$312 $385 $480 $393 $309
2,072 Permit Valuation (in millions)
$187 1,684 $257 $253
2,000 500 $28 1,589 Number of Permits Issued
$1,352 1,430
1,500 0 1,243 1,204

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008
1,000 536 818
$480 $393 $309
500 $187 $257$312 $385 $253 Permit Valuation (in millions)

Acting Locally
$28
0
0.80%

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008
2.80%
0.7% 8.60%
BizConnect
5.30%
2.7% Commercial Permits
9.60% 14.40%
Supporting and9.4%
5.6% enhancing the area’s businesses are central 300 to launch an improved Web resource that features “first-to-
$264
Commercial Permits
to the PEDC’s mission.15.3%
9.4% Through BizConnect, a partnership
250 know” information, a resource directory and much more.
300
between the PEDC and6.60%
14.20% the Pearland Chamber
200
of $264
250 Number of Permits Issued
150 $173
13.8%Commerce, the PEDC devotes
5.20%time and resources200
to assist
Enhancement of local
$99
9
6.8% 100 77
66
Number Permit
of Permits Issued
Pearland businesses and remain informed on the issues
150 that$27
50
$31
$16
$33 $42 43 $173
51
$99
9
Valuation (in millions)
5.7%
workforce 49 52
16.20% 16.10% 100 $39 77
66 $41
influence the local economy. 0 22
$27 $31 17 $33
25
16 $42 43 51 Permit Valuation (in millions)
50

2000 1999

2000

2001

2002

2003

2004

2005

2006

2007

2008
$16 52
15.3% 49
15.3% 0 22 17 16 25
1999 $39 $41 The Northern Brazoria County Education Alliance received

2001

2002

2003

2004

2005

2006

2007

2008
In 2009, BizConnect conducted 25 official business visits a $150,000 grant from the U.S. Department of Labor,
and 5.00%
countless unofficial visits. Representatives helped Employment and Training Administration. The funds
4.40%resources12.70%
identify
6.10% and solutions for area businesses are reserved for expanding entry-level worker training
3,000
15.30% programs, with an2,610
emphasis on high-demand skills and
preparing
6.80%
5.30% to expand or seeking assistance during
3,000 2,500 2,102
6.00% 2,072
12.00%economic struggles. These activities resulted in property certifications
2,610
2,500 2,000 in the manufacturing sector – a growing
22.00% 2,072 1,589
enhancements and training
10.50% solutions for Pearland’s own. In
24.20%
industry in Brazoria1,589
2,000 1,500 County. The PEDC
1,204 funded the creation
1,500 1,000
addition, the team helped with the permitting process and of NBCEA in April $480
20081,204
to promote the development of a
1,000 500 $385 $393 776
$309 $253
to clarify city policies. BizConnect’s key future initiative is
19.60% well-qualified
500 area $309
$480 $393
0
workforce.
$253 $148
15.70%
2004

2005

2006

2007

2008
18.50% 0
15.90%
2005

2006

2007

2008

2009

1740, 6%
1740, 6%

300
300 $264
250 $264
250
200
200 $173
$173
150 150
100 $99 $95 $99
100 77 77
66 66
51 43 51
50 50 78
52
28,624,
28,624, 94%
94% $41 $39 $41 52
0 0
2004

2005

2006

2007

2008
2005

2006

2007

2008

2009

Educational Attainment E stimated E mployment and Business Statistics

5.7%
5.70% Less than 9th grade Population Age 16+ 77,493
12.40%
12.4% Some High School In Labor Force 56,451
5.5%
5.50% High School Graduate Employed 53,522
Some College (no degree) Unemployed 2,820
20.0% Associate Degree In Armed Forces 109
25.1% 20.00%
25.10% Bachelor Degree Not In Labor Force 21,042
Graduate or Professional
Degree Number of Employees
(Daytime Population) 23,594
7.3% Number of Establishments 2,379
7.30% 24.1%
24.10%
 PEDC Annual Report 2009 7

A Year of Change
A new year brings with it change in the form of new
goals, initiatives, challenges and opportunities. For the
PEDC, 2010 will be an exciting year of change.
This change begins with new leadership. The PEDC
welcomes new Executive Director, Matt Buchanan, and
four new board members. Their focus will be to continue
to find ways to make the PEDC a value-added resource by
implementing the strategies identified in the 2009-2013
strategic plan.
With new leadership at the helm, the PEDC will take this
opportunity to renew the organization’s brand identity to
reflect the innovative team and progressive city it represents.
A new, interactive Web site will be developed to serve
as the PEDC’s primary marketing driver and information
resource.
A new home is also on the horizon in 2010. The PEDC
will move into the new University of Houston-Clear
Lake Pearland Campus upon its fall completion. This
move reflects the PEDC’s commitment to cultivating
new opportunities, creating synergistic connections and
supporting the continued development of the city’s already
skilled workforce.

University of Houston-Clear Lake Pearland Campus Rendering

Major E mployers

Company Description Employees

Kemlon Products & Development Co., Inc. Current-Carrying Wiring Device Manufacturing 325
Packaging Service Co., Inc. Packaging and Labeling Services 235
TurboCare Turbine Manufacturing and Repair 180
Weatherford Oil Field Equipment Manufacturing & Services 175
Profax Welding 160
EMS Pipeline Service and Repair 150
Pauluhn Electric Mfg. Vehicular Lighting Equipment and Equipment Rental/Leasing 150
ShawCor Pipe Sales and Service 150
Baker Hughes Support Activities for Oil & Gas Operation 100
8 PEDC Annual Report 2009

A number of new initiatives will foster the PEDC’s CARE

mission – Creation, Attraction, Retention and Expansion.
• CSI will begin product production by summer 2010,
which equates to the creation of new jobs.
• The strategic development and marketing plans for The
Spectrum at Clear Creek will be finalized and tactical
implementation will commence to attract target
industry to this premier mixed-use business and lifestyle
development. To view the closing presentation based
on the preliminary assessment findings, please visit
www.pearlandedc.com/about_pedc and click on
“The Spectrum at Clear Creek.”
• The PEDC will continue to meet with and generate
incentive programs to support the retention and
expansion of its local businesses.

The economy will continue to serve as the biggest challenge

in the year ahead. The PEDC realizes that challenging times
demand innovative solutions and is ready to serve.

Top: WaterLights District in The Spectrum

Bottom: Kirby Drive reinvented with light rail

Major E mployers (cont.)

Company
DEscription Employees

Driver Pipeline Co., Inc. Water and Sewer Line/Related Structures Construction 100
Dynamic Lighting, Inc. Fabricatetd Pipe and Pipe Fitting Manufacturing 95
Texas Honing, Inc. Machine Shops 95
Aggreko, LLC Commercial & Industrial Machinery and Equipment Rental/Leasing 90
Houston Tubulars, Inc. Support Activities for Oil and Gas Operations 85
Third Coast Terminals Tanks, Storage, Manufacturing 85
Air Specialist Heating & Air Conditioning Co. Plumbing, Heating, and Air-Conditioning Contractors 80
Atlas Baker, Inc. Support Activities for Oil and Gas Operations 80
Protech Screens, Inc. Wood Window and Door Manufacturing 80
 PEDC Annual Report 2009 9

PEDC I2008 C alendar

ncome of Events
Statement

The PEDC was created in 1995 by the voters under the Texas Development Corporation Act of 1979. The
Corporation is financed by additional sales tax of a half-cent. State law allows the City to collect this sales tax to assist
in the promotion, enhancement and development on behalf of the City.

The Board of Directors are appointed by and serve at the discretion of the City Council. City Council approval
is required for annual budgets and bonded debt issuance. The role of the Corporation is to provide guidance and
funding for the operations of the City’s economic development program and provide business incentives to support
and promote the growth and diversification of the City’s economic base. Various programs run through the
Economic Development Department.

FY 2009 FY 2009 FY 2010

FY 2008 AMENDED YEAR END ADOPTED
ACTUAL BUDGET PROJECTION BUDGET
OPERATING REVENUES
Sales Tax $ 6,049,035 $ 6,961,117 $ 6,925,681 $ 7,099,359
Interest Income 332,311 160,000 188,095 59,700
Bond Proceeds 8,020,000 7,535,000
Transfers In 546,515 14,500 247,000

TOTAL 6,927,862 7,121,117 15,148,276 14,941,059

EXPENDITURES
Operating 1,283,919 1,817,634 1,922,373 2,054,303
Incentives 298,758 1,808,170 4,232,467 2,321,000
Transfers Out 716,415 6,276,363 6,097,775 5,639,080
Bond Payments 1,414,369 1,416,144 1,646,144 2,264,948
Inventory 4,544 5,000 5,000 2,500
Capital 280,000 11,183,685 1,146,455

TOTAL 3,718,006 11,603,311 25,087,444 13,428,286

NET CHANGE IN FUND BALANCE 3,209,856 (4,482,194) (9,939,168) 1,512,773

FUND BALANCE - BEGINNING 9,347,313 12,557,169 12,557,169 1,828,001

RESERVE FOR MYKAWA (1,000,000) (500,000) (1,000,000)

DEBT SERVICE RESERVE (790,000) (654,140)

FUND BALANCE - ENDING $ 12,557,169 $ 7,074,975 $ 1,328,001 $ 1,686,634

10 PEDC Annual Report 2009

Farewell and well wishes

The PEDC said goodbye to one of Pearland’s most committed economic
development advocates this last year. In December, Fred Welch, former executive
director of the PEDC, became the vice president of marketing and recruitment for
the San Angelo Chamber of Commerce.

The PEDC is fortunate to have had Welch’s dedication and service for the last
seven years. Under his leadership, numerous successful business retention and
recruitment activities changed the face of Pearland, including the debut of its first
Class A office building, the ZT Shadow Creek Business Center; securing world-
class medical manufacturing company Cardiovascular Systems, Inc.; as well
as playing a part in growing Pearland’s workforce through the creation of the
Fred Welch
Northern Brazoria County Education Alliance.

Welch, with his outgoing and warm personality and commitment to the growth
and well-being of Pearland, will be missed. The PEDC board of directors and the
City of Pearland extend our thanks and appreciation to Welch and are certain that
he will bring as much success to San Angelo, Texas as he has to Pearland.

Pearland Economic Development Corporation

3519 Liberty Drive, Pearland, TX 77581

Phone: 281.652.1627
Fax: 281.997.0522
www.pearlandedc.com
 PRSRT . STD .
U . S . POSTAGE
PA I D
P earland, TX
Permit No. 195

I-10
Houston
Texas
Medical Loop 610
Center
Hobby
Airport

Beltway 8 I-45

Hwy 288
D istance From Pearland to ...
Pearland
Hobby Airport (HOU) 3 Miles
Texas Medical Center 8 Miles
NASA – Johnson Space Center 11 Miles
Port of Houston 20 Miles
George Bush Intercontinental
Airport (IAH) 30 Miles
Port Freeport 49 Miles
Austin 210 Miles
San Antonio 240 Miles
Dallas 290 Miles

Pearland Economic Development Corporation

3519 Liberty Drive, Pearland, TX 77581
www.pearlandedc.com