Organization receives recognition for second consecutive year
TexAmericas Center (TAC) announced its budget for the 2023 fiscal year has been awarded the Distinguished Budget Presentation Award by the Government Finance Officers Association. This is the second consecutive year the organization has been recognized.
The award represents a significant achievement by the organization and reflects a commitment by the governing body and staff to meeting the highest principles of governmental budgeting.
“TexAmericas Center strives for professionalism, integrity, and transparency in all we do,” said TexAmericas Center Executive Director and CEO Scott Norton. “This continued recognition is a testament to our dedication, and I’m proud to demonstrate the high level of governance to which we adhere for our board, tenants, and future tenants.”
To receive the award, organizations must satisfy nationally recognized guidelines for effective budget presentation. The guidelines are designed to assess how effectively the budget serves as a policy document, financial plan, operations guide, and communications device. To receive the recognition, documents must be rated “proficient” in four categories, as well as in the 14 mandatory criteria within those categories.
“Our board is devoted to a detailed and transparent budget process. While sometimes painstaking and tedious, TexAmericas Center believes there’s value in showing stakeholders and government leaders complete visibility and honesty in all of our processes,” said TexAmericas Center Board Chairman Jim Roberts. “Receiving this recognition for two years in a row underscores our success to that end.”
The budget was prepared and presented by TexAmericas Center Vice President of Finance John Moran. There are more than 1,700 participants in the prestigious program, many of whom have pioneered efforts to improve the quality of budgeting and serve as examples for other governments throughout North America. For more information about the award, visit gfoa.org/budget-award.
About TexAmericas Center
Located on the Texas side of the Texarkana metropolitan area, TexAmericas Center owns and operates one of the largest mixed-use industrial parks in the United States. With roughly 12,000 development-ready acres of land and approximately 3.5 million square feet of commercial and industrial product, TexAmericas Center services four states (Arkansas, Louisiana, Oklahoma, and Texas).
For three consecutive years, Business Facilities magazine has ranked TexAmericas Center among the top 10 industrial parks in the country, most recently ranked No. 5 in 2022. (#5 for 2022). Tenants appreciate an impressive transportation corridor that uses multiple state highways, interstates, air freight, and rail lines to disperse from a central U.S. location. In fact, seven rail lines converge on the Texarkana region TexAmericas Center is host to an on-site rail yard and has over 30 miles of rail running through its properties. TAC Rail services include transload as well as rail car storage and movement.
TexAmericas Center also offers third-party logistics (3PL) services to assist companies with inventory management, warehousing, and fulfillment needs.
The organization recently completed construction on a 150,000-square-foot, state-of the-art speculative building and has the capability to lease, build-to-suit, or facilitate greenfield owner-constructed projects in a timely efficient manner.
It is a designated US Opportunity Zone, HUBZone, New Market Tax Credit Census Tract, Foreign Trade Zone #258, and a Texas Enterprise Zone. TexAmericas Center has the operating capabilities of a municipality but functions like a traditional real estate development company, offering customized real estate solutions. For more information about TexAmericas Center, visit texamericascenter.com.