The primary goal of the ROEDC is to leverage local sales tax revenues to promote and enhance the Red Oak community in order to facilitate private capital investments.
The strategic objectives of the ROEDC include, but are not limited to:
Actively support our existing businesses and industries with retention and expansion opportunities.
Proactively identify and recruit new commercial and retail businesses into Red Oak.
Develop and market preferred business and commercial expansion sites in Red Oak.
Diversify the local economy and funnel the investment of new revenues into Red Oak.
The ROEDC is scheduled to meet at 7:00 pm on the fourth (4th) Thursday of the month. Meetings are held in accordance with pending economic development opportunities. The ROEDC meetings are held in the Executive Conference Room of the Red Oak Municipal Center, 101 S. Live Oak St.
The City of Red Oak adopted a tax rate that will raise more taxes for maintenance and operations than last year's tax rate. The tax rate will effectively be raised by 5.38 percent and will raise taxes for maintenance and operations on a $100,000 home by approximately $-40.57.