May 27, 2009

Byron Mays said his company, Indeco Sales, Inc./Maco Manufacturing, Inc., is a company that’s always done well for the 40 years it’s been around.

The Temple Economic Development Corporation doesn’t want that to go unnoticed, especially since some companies around the country are struggling with the nation’s economic situation. The TEDC honored local businesses Tuesday at an annual luncheon.

“We very often, in the business of the world trying to grow our economies, think a lot about new folks that are coming,” President of the Temple Economic Development Corporation Lee Peterson said.

A U.S. Bureau of Labor Statistics report shows that the Killeen, Temple and Fort Hood area had the second biggest increase in total employment last year. For more information about Temple, visit the Temple Economic Development Corporation’s Web site.

But, the TEDC wants to make sure the tools are in place for its existing companies already employing people locally.

“For being in Temple, for growing in Temple for employing people every day, for paying taxes every day,” Peterson said.

Mays’ business doesn’t have a lot of recession-risk factors, since he sells furniture to public schools. Still, Mays said the nation’s recession has impacted his family-owned business.

“What will hurt us, and it will hurt a little, are bond elections,” Mays said. “Anytime you have a slow economy – and I’ve been here for years, and this is not the first time and it won’t be the last – you will have a few bond elections that will fail, and the school market because of taxes, they say ‘Well we don’t want to pay any more taxes, we want to watch what we’re doing.'”

Besides the stable Temple economy, Mays said doing business in Temple is especially good because of its access to Interstate 35.

About Temple:
Temple, Texas is a community with a diverse economic base that includes healthcare, distribution and warehousing, and manufacturing as the foundation. Within 180 miles of a population of 17.8 million, Temple is in a strategic location that is central within the southwest U.S. marketplace.