The Converse Economic Development Corporation (EDC) is a Type B Corporation under the laws of the State of Texas with a seven-member Board of Directors appointed by the Converse City Council. The Converse EDC was created in 2000 by voter referendum to create, attract, retain and expand business opportunities for Converse and its residents. Converse is home to more than 18,000 residents and over 200 diverse businesses.
The EDC is empowered to issue bonds, notes, and other forms of debt instruments on behalf of the City of Converse. The EDC was also sanctioned to acquire, maintain, lease, and sell property and interests on behalf of the City of Converse. To date, the EDC has worked diligently to fulfill its commitment in promoting economic development within the City to eliminate unemployment and under employment.
Over the past several years, the Board has served as an integral part of the City by successfully supporting the construction and erecting of several new city buildings. It has also supported new business growth throughout the City of Converse, which has provided new jobs to the residents of Converse.