The City of Amarillo’s Economic Development Division, part of the Planning Department, works to boost the local economy by offering business incentives, attracting new businesses and jobs, fostering growth, and revitalizing neighborhoods.
- CONTACT INFORMATION
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For inquiries about available incentives and project qualification, contact:
Drew Brassfield
Assistant Director of Planning - 806-378-5241
- drew.brassfield@amarillo.gov
Amarillo Economic Development
Comparing the Amarillo Economic Development Division and Economic Development Corporation
While the city focuses on a broad range of economic initiatives, the Amarillo Economic Development Corporation (AEDC) is a separate, non-profit organization funded by sales tax, specifically dedicated to industrial development and job creation.
Community Growth Trends in Amarillo
The following information provides a snapshot of Amarillo’s growth including information about the city’s population, income, and economic factors. Amarillo has undergone notable changes in recent years, particularly in population distribution and economic shifts.
Key Facts about Amarillo
| Population and Workforce | Data |
| 2020 Census | 200,393 |
| Growth 2010 – 2020 | 5.10% |
| Total Population Randall County | 136,005 |
| Total Population Potter County | 118,323 |
Total Population of Randall County within Amarillo City Limits | 98,839 |
| Total Population of Potter County within Amarillo City Limits | 101,554 |
| Median Age (2020) | 34.1 |
Data Source: U.S. Census Bureau
| Amarillo Households | Data |
| Median Family Income (2020) | $64,632 |
| Total Households | 78,616 |
| Average Household Size | 2.5 |
| Owner Occupied Households | 46,840 |
| Renter Occupied Households | 31,776 |
| Median Home Value | $172,700 |
| Median Sale Price | $212,000 |
Data Sources: U.S. Census Bureau, Amarillo Association of REALTORS, Inc
| Amarillo Economy | Data |
| Total Employment | 96,902 |
| Sales Tax Revenues | $78,839,119 |
| Property Tax Revenues | $52,807,757 |
Data Source: U.S. Census Bureau, City of Amarillo 2024/2025 Approved Budget
Our Partners
Amarillo Economic Development Corporation
A non-profit organization focused on industrial development and job creation, funded by local sales tax.
Amarillo Chamber of Commerce
A business network that promotes local commerce, providing resources and support for businesses in the Amarillo area.
Amarillo Convention & Visitors Council — Visit Amarillo
An organization dedicated to promoting tourism and attracting visitors to the Amarillo area.
Center City of Amarillo
A non-profit focused on revitalizing downtown Amarillo through economic development and historic preservation.
Potter County
One of the two counties that make up the Amarillo area, supporting regional growth and infrastructure.
Randall County
The second county in the Amarillo area, contributing to regional development and economic stability.
WT Enterprise Center
A business incubator offering support and resources to entrepreneurs and startups in the Amarillo region.
WT Small Business Development Center
Provides consulting, training, and resources to help small businesses start and grow in the Amarillo area.
Workforce Solutions - Panhandle
An organization that connects job seekers and employers, offering employment services and workforce development for the Panhandle region.
Economic Development FAQs
See what programs or incentives you may qualify for.
What is a Neighborhood Plan Area?
A Neighborhood Plan Area is a designated area that has an adopted long-range plan. You are in a Neighborhood Plan Area if you are in the Barrio, Eastridge, North Heights, or San Jacinto including Historic 6th Street on Route 66.
Are you looking to improve your properties exterior?
If you are in a Neighborhood Plan Area and interested in improving your property and promoting the expansion and development of your business?
Are you building a new business or renovating an existing business?
If you are in a Neighborhood Plan Area and interested in building a new business or renovating an existing business?
Are you building or rehabilitating affordable housing?
If you are in a Neighborhood Plan Area and are building or rehabilitating affordable housing.
What Programs and Incentives are available for Downtown businesses?
If you are an investor-owner or a developer proposing new construction or rehabilitation in Downtown Amarillo you can qualify for incentives such as building permit fee waivers, sales tax rebates, and municipal property tax abatements.
- Click here for information about Neighborhood Empowerment Zone Program.
- Click here for information about the Center City Tax Increment Reinvestment Zone.
- Click here for guidelines and criteria for additional incentives.
- Click here for the application for Economic Development Incentives.
What is a Tax Increment Reinvestment Zone?
A Tax Increment Reinvestment Zone (TIRZ) is a designated district that serves to attract investments and enhance infrastructure through a unique financing mechanism.
By capturing increased tax revenues from new developments, it reinvests these funds into public improvements and projects within the zone, driving economic growth and revitalization.
Where are Amarillo's Tax Increment Reinvestment Zones?
Amarillo has three Tax Increment Reinvestment Zones. Click on each zone for more information.
Are you planning new or infill development in Amarillo?
If you are planning new development with a capital investment of $4 million or more or
an infill development with a capital investment of $2 million or more you may qualify for Property Tax Abatement and Sales Tax Rebates.
Are you looking to make your business more energy efficient?
Texas Property Assessed Clean Energy program helps property owners retrofit properties to be more energy efficient.
