Market Lubbock Economic Development
Market Lubbock Economic Development Corporation is a 501(c)(4) social welfare organization based in Lubbock, Texas, established in October 1995. The organization operates as a civic league created to promote community welfare and economic development. It is headquartered at 1500 Broadway, Suite 600, Lubbock, TX 79401.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.7M
-1.6% YoY
Annual Giving
$3.0M
+13.6% YoY
Grant Count
46
+53.3% YoY
Avg Grant Size
$65K
-25.9% YoY
Mission & Focus Areas
Market Lubbock's mission is to enhance and encourage economic development and job creation while facilitating the development of new industries. The organization manages and oversees the operations of Visit Lubbock and Foreign Trade Zone 260, which encompasses the Convention and Visitors Bureau and Lubbock Sports operations.
Primary funding focus areas include:
- Community Development (53% of giving)
- Education (14% of giving)
- Health (13% of giving)
Grantmaking
Market Lubbock distributes grants to support economic development initiatives within the region. Recent grant examples include:
Review Cycle
.
How to Apply
** Applicants must complete an online application on the foundation website. There are no application deadlines.
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Geographic Focus
Where this funder awards grants
Market Lubbock focuses its funding and development efforts primarily in Lubbock, Texas and the surrounding region. The organization works to strengthen and encourage investment in downtown Lubbock and major business corridors in East, North, and Central Lubbock.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent (2024):
- Total Assets: $12,700,000–$12,882,396
- Total Revenue: $9.44 million
- Total Expenses: $9.22 million
- Total Liabilities: $982,000
- Total Giving: $2,612,374–$3,093,748
Historical (2014):
- Assets: $4,501,900
- Income: $6,821,251
The organization is funded by approximately $4.0 million in annual economic development portion of sales tax revenue.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,675,101 | $12,882,396 | $11,036,152 |
| Revenue | $9,439,371 | $10,379,213 | $9,055,238 |
| Expenses | $9,221,057 | $8,854,597 | $7,002,008 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $469,796 | $340,845 | $58,969 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
128 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key leadership includes:
- John Osborne, Chief Executive Officer
- Amy Zientek, Director of Tourism
- Blake Womble, Director
- Brett Cate, Chairman
- Carolyn Rowley, Director of Business Retention
- Chris Carpenter, Director
- Christine Allen, Vice President
- Henry Patel, Director
- James Conwright, Vice Chairman
- Jana Johnston, Chief Financial Officer
- John Opperman, Director
- John Osborne, Chief Executive Officer
- Jorge Quirino, Director of Downtown & Special Projects
- Katherine White, Director of Marketing & Communications
- Melissa Collier, Director
- Robert Harrison, Director of Sports
The organization employs 24 staff members.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES CONWRIGHT | CHAIRMAN | 2 | — |
| SARAH BEVERS | VICE CHAIRMAN | 1 | — |
| JOHN OPPERMAN | DIRECTOR | 1 | — |
| CHRIS CARPENTER | DIRECTOR | 1 | — |
| HENRY PATEL | DIRECTOR | 1 | — |
| SONNY GARZA | DIRECTOR | 1 | — |
| WALTER CATHEY | DIRECTOR | 1 | — |
| BLAKE WOMBLE | DIRECTOR | 1 | — |
| MELISSA COLLIER | DIRECTOR | 1 | — |
| BRETT CATE | DIRECTOR | 1 | — |
| LORI RICE-SPEARMAN | DIRECTOR | 1 | — |
| JOHN OSBORNE | CEO | 20 | — |
| JANA JOHNSTON | CFO/COO | 20 | — |
| CHRISTINE ALLEN | VICE PRESIDENT | 20 | — |
| CAROLYN ROWLEY | DIRECTOR OF BUSINESS RETEN | 20 | — |
| KATHERINE WHITE | DIRECTOR OF MARKETING & CO | 20 | — |
| JORGE QUIRINO | DIRECTOR OF DOWNTOWN & SPE | 20 | — |
| ROBERT HARRISON | DIRECTOR OF SPORTS | 40 | $117,396 |
| AMY ZIENTEK | DIRECTOR OF TOURISM | 40 | $114,677 |
| DAVID RUSHING | DIRECTOR OF RECRUITMENT | 20 | — |
Recent News & Activity
Recent developments and announcements
Market Lubbock has continued to work with the City of Lubbock to strengthen investment in downtown and major business corridors. Recent activities include:
What We've Done - LubbockEDAPartnering with the City and Texas Tech University through initiatives such as the TTU Innovation Hub
Providing grants to Lubbock Economic Development Alliance to support economic development and quality of life improvements
6 downtown businesses receive $135k in grants from Market LubbockOperating grant programs that support downtown business development
SIMFLO announces downtown office with Market Lubbock's grant programContact Information
Phone: 806-749-4500
Fax: 806-749-4501
Website: www.marketlubbock.org
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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