Tye Industrial Development Corporation Inc

Overview

The Tye Industrial Development Corporation Inc (TIDCO) is a nonprofit organization classified as a 501(c)(2) corporation, primarily used for holding titles to property owned by other nonprofits[4]. It focuses on enhancing economic development in Tye, Texas.

Mission

TIDCO's primary mission is to promote and assist economic development within the city of Tye. This includes providing support to local businesses through low-interest loans and grants, aiming to foster economic growth and stability in the community[5].

Activities

The organization works to evaluate the economic needs within Tye and implements plans to address these needs. By offering financial assistance and resources, TIDCO seeks to encourage entrepreneurship and the expansion of existing businesses, thus improving the local economy and quality of life for residents.

Legal Status

As a 501(c)(2) corporation, TIDCO is designed to hold property for another exempt organization. However, its primary role in Tye involves supporting local economic initiatives[4][5].

[1] https://www.panattoni.com [2] https://tayloredc.org [3] https://cityoftyeedc.org [4] https://projects.propublica.org/nonprofits/organizations/752833194 [5] https://www.guidestar.org/profile/75-2833194