Economic Development Corporation of Weslaco
The Economic Development Corporation of Weslaco (EDCW) is a nonprofit corporation based in Weslaco, Texas, organized to promote economic and industrial development for the city. It supports business investment, job creation, and local economic growth through incentives, grants, workforce training, and assistance with business development, expansion, relocation, and redevelopment.
Economic Development Corporation of Weslaco at a glance
In short: Economic Development Corporation of Weslaco gave $3.1M across 14 grants in 2023 (avg $220K), mostly in Texas. 50% of 2023 grantees were new. Source: 2023 IRS Form 990.
- Annual giving (2023)
- $3,076,574
- +375.7% vs 2022
- Grants made (2023)
- 14
- -26.3% vs 2022
- Average grant
- $219,755
- +545.6% vs 2022
- Median grant
- $40,657
- Total assets
- $37,567,810
- +84.1% vs 2022
- New grantees (estimate)
- 50% first-time grantees (7 of 14, 2023; small sample)
- Primary geography
- Texas (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990, 2023 View filing
Data from IRS Form 990, 2023; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Economic Development Corporation of Weslaco
- How to Apply
For the programs with published instructions, applicants are directed to check fund availability, submit the relevant application, and meet the program-specific requirements and board-meeting submission timing…
For the programs with published instructions, applicants are directed to check fund availability, submit the relevant application, and meet the program-specific requirements and board-meeting submission timing described above.
- Contact
Mailing address: 275 S Kansas Blvd, Weslaco, TX 78596
Phone: (956) 969-0838
Website: https://weslacoedc.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Economic Development Corporation of Weslaco funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2023
The largest 2023 recipient was Glaziers Beer & Beverage ($2.3M). Together the top 10 received $3.0M.
Grant Size Distribution
77 grants across all recorded years
The most common grant size was under $50K: 55 grants of 77 (71%).
Geographic Focus
Where this funder awards grants
EDCW’s stated purpose is to promote economic and industrial development in the City of Weslaco. All 2023 grant dollars went to recipients in Texas.
Grant Distribution by State
Share of 2023 grant dollars across all 14 itemized grants.
States
Cities
Is Economic Development Corporation of Weslaco open to new grantees?
50%
first-time grantees, 2023
In 2023, 7 of 14 grantees (50%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $346K; repeat grants $93K. How we count
Medians: $15K first-time, $63K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2019–2023). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $647K (2022) to $3.1M (2023). In 2023 it made 14 grants totaling $3.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Glaziers Beer & Beverage Dallas, TX | Economic Incentive | $2,250,000 |
| City of Weslaco Weslaco, TX | Economic Incentive | $333,282 |
| Shops at N Bridge LLC San Antonio, TX | Economic Incentive | $97,407 |
| Clever Foods & Supplements Weslaco, TX | Economic Incentives | $83,050 |
| Vida Weslaco, TX | General Operations | $70,000 |
| Z&L Enterprises Inc Weslaco, TX | Economic Incentives | $63,442 |
| Clean Label LLC Weslaco, TX | Economic Incentives | $45,313 |
| South Texas College McAllen, TX | Economic Incentives | $36,000 |
| Ol Re Holdings LLC Plano, TX | Economic Incentive | $32,000 |
| De Figs Weslaco LLC Weslaco, TX | Economic Incentives | $22,628 |
Ready to take the next step with Economic Development Corporation of Weslaco?
Financial History
Multi-year comparison from IRS filings
EDCW is a public charity. Filing-year figures:
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2023 | $37,567,810 | $8,559,382 | $4,503,064 | $3,076,574 | 14 | $1,341,024 |
| 2022 | $20,401,639 | $4,956,590 | $3,858,999 | $646,786 | 19 | $111,307 |
| 2021 | $20,272,081 | $4,628,585 | $2,717,537 | $1,531,636 | 12 | $116,370 |
| 2020 | $14,877,035 | $4,379,507 | $2,266,468 | $810,417 | 14 | $104,750 |
| 2019 | $12,938,711 | $4,110,124 | $2,253,305 | $1,080,722 | 18 | $128,854 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization’s stated mission is to enhance economic and industrial activity in Weslaco by retaining and expanding existing businesses, attracting new businesses, and enhancing community assets. Its 2022 filing describes loans and grants to businesses for job creation through recruitment of new industry and the relocation or expansion of existing companies.
Its website lists performance-based incentives, infrastructure and site-development assistance, job-creation incentives, workforce training, and permit and development support. It also describes grants for commercial façade improvements, downtown building rehabilitation, business marketing, and workforce training through South Texas College.
Grantmaking
In filing year 2023, EDCW reported 14 grants totaling $3,076,574. Grant amounts ranged from $8,828 to $2,250,000, with a median of $40,656. The largest reported grant was $2,250,000 to Glaziers Beer & Beverage for an economic incentive. Other notable grants included $333,282 to the City of Weslaco for an economic incentive; $97,407 to Shops at N Bridge LLC for an economic incentive; $83,050 to Clever Foods & Supplements for economic incentives; and $70,000 to VIDA for general operations.
For its Business Marketing Grant, the website says eligible applicants include for-profit, brick-and-mortar retail and commercial businesses within Weslaco city limits and the ETJ, as well as qualifying food-truck lots. The grant provides up to $1,000 for marketing expenses, paid directly to the marketing entity. Funds must be used within 90 days of approval, and businesses may reapply every five years. Applications require a marketing quote or proposal and must be submitted at least two weeks before a board meeting.
The Weslaco 100 Grant is for eligible businesses in specified downtown and nearby areas. It offers matching funds of up to $25,000 per floor for qualifying improvements, with pre-approval required before construction. Applicants must provide three itemized quotes, including one from a Weslaco-based contractor, and before-and-after photos. A five-year lien applies to properties receiving grants of $10,000 or more. The website also describes façade renovation and workforce training grants.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2023 filing lists Jerry Gonzalez as President, Sandra Charlton CPA as Vice President, Fred Perez as Secretary, and Benita Valadez as Treasurer. It also lists Steven M Valdez, Kristopher M Garcia, Joe D Olivarez, and Juan Jose Serrano Jr as members.
Economic Development Corporation of Weslaco is led by Jerry Gonzalez, President since 2023 (on filings since 2021); 1 of 8 officers listed in 2023 is compensated.
Officers on the 2023 filing
Jerry Gonzalez
President
Member → President, 2023
On filings since 2021
2 hrs/week
No compensation reported
Steven M. Valdez
Director
On filings since 2019
40 hrs/week
$77K (2019) → $97K (2023)
Benita Valadez
Treasurer
Vice President → President, 2021
President → Treasurer, 2023
On filings since 2019
4 hrs/week
No compensation reported
Joe D. Olivarez
Member
President → Member, 2022
On filings since 2019
2 hrs/week
No compensation reported
Juan Jose Serrano Jr.
Member
Secretary → Vice President, 2022
Vice President → Member, 2023
On filings since 2019
4 hrs/week
No compensation reported
Fred Perez
Secretary
Vice President → Member, 2022
Member → Secretary, 2023
On filings since 2020
4 hrs/week
No compensation reported
Sandra Charlton CPA
Vice President
Treasurer → Vice President, 2023
On filings since 2021
4 hrs/week
No compensation reported
Kristopher M. Garcia
Member
New on the 2023 filing
2 hrs/week
No compensation reported
Former officers (7)
- Former: Sonjia De La Fuente (2020–2022) — Member
- Former: MARIE McDERMOTT (2019–2021) — Executive Director
- Former: Patrick Gonzalez (2020–2021) — Member
- Former: Cynthia Cabaza (2019–2020) — Secretary
- Former: Stephen Charleton CPA (2019–2020) — Treasurer
- Former: Diana Fuentes Aguilar (2019) — Vice President
- Former: Richard Talbert (2019) — Member
Data from IRS Form 990 filings, 2019–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $97K, to Steven M Valdez.
Frequently asked questions about Economic Development Corporation of Weslaco
How much does Economic Development Corporation of Weslaco give each year?
Economic Development Corporation of Weslaco gave $3.1M across 14 grants in 2023, according to its 2023 IRS Form 990. In 2022 it gave $647K across 19 grants.
What is Economic Development Corporation of Weslaco's typical grant size?
Economic Development Corporation of Weslaco's median grant in 2023 was $40,657, and its average grant was $219,755, across 14 grants on its 2023 IRS Form 990. Organizations receiving their first grant from Economic Development Corporation of Weslaco that year got $346K on average.
Where does Economic Development Corporation of Weslaco give grants?
Economic Development Corporation of Weslaco gives mostly in Texas: 100% of the grant dollars itemized on its 2023 IRS Form 990 went to recipients there. The most frequent recipient cities were Weslaco, TX (9 grants) and McAllen, TX (2 grants).
Does Economic Development Corporation of Weslaco give general operating support?
Occasionally: 7% of Economic Development Corporation of Weslaco's 2023 grants with a stated purpose (1 of 14) were for general or operating support, per its 2023 IRS Form 990. Recurring purposes include "Economic Incentives" (8 grants) and "Economic Incentive" (5 grants).
Who are Economic Development Corporation of Weslaco's largest grantees?
Economic Development Corporation of Weslaco's largest 2023 grantees include Glaziers Beer & Beverage ($2,250,000), City of Weslaco ($333,282) and Shops at N Bridge LLC ($97,407), according to its 2023 IRS Form 990. Together they received 87% of its itemized 2023 grant dollars.
How large is Economic Development Corporation of Weslaco?
Economic Development Corporation of Weslaco reported $37.6M in total assets on its 2023 IRS Form 990. Its revenue that year was $8.6M.
What does Economic Development Corporation of Weslaco fund?
The organization’s stated mission is to enhance economic and industrial activity in Weslaco by retaining and expanding existing businesses, attracting new businesses, and enhancing community assets. See mission & focus areas ↑
How do I apply for a grant from Economic Development Corporation of Weslaco?
For the programs with published instructions, applicants are directed to check fund availability, submit the relevant application, and meet the program-specific requirements and board-meeting submission timing… Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Economic Development Corporation of Weslaco's EIN?
Economic Development Corporation of Weslaco's EIN (Employer Identification Number) is 74-2588704. IRS Form 990 filing data is available on this page for 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS February 28, 2020)
- IRS filings on file for fiscal years 2020–2023
Live grants for the work Economic Development Corporation of Weslaco funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Economic Development Corporation of Weslaco's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Economic Development Corporation of Weslaco funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/economic-development-corporation-of-weslaco-morg_7724dcb66ea444bd97065038772d4de3
BibTeX
@misc{grantable_742588704_2026,
author = {{Grantable}},
title = {{Economic Development Corporation of Weslaco funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/economic-development-corporation-of-weslaco-morg_7724dcb66ea444bd97065038772d4de3},
note = {Accessed 2026-10-20. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Economic Development Corporation of Weslaco's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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