The Pearland Economic Development Corporation (PEDC) is a state authorized Type B non-profit corporation that was approved by the residents of Pearland in 1995 to collect a one-half of one percent sales tax dedicated to promoting economic development. The Corporation is governed by a seven-member Board of Directors who is responsible for reinvesting the Corporation’s funds to create primary jobs, increase the City’s tax base and other activities allowed by the state law.

Primary jobs are jobs that infuse new dollars into the local economy by creating or selling a product or service that is ultimately exported to regional, statewide, national, or international markets. Eligible companies are required to complete an application to be considered for assistance. The amount of assistance is determined based on the overall economic impact on the City of Pearland and may be offered in the form of a loan, forgivable loan or reimbursement grant. When approved by the PEDC Board of Directors, an agreement will be entered into between PEDC and the eligible company outlining the terms and conditions of the assistance.