About the Mineral Wells Economic Development Corporation (MWEDC)

The MWEDC was created by the City of Mineral Wells for purposes of increasing economic prosperity and promoting economic development throughout the community. The Economic Development Corporation replaces the former Mineral Wells Community Development Corporation. 

To lead this effort, the City of Mineral Wells is seeking a diverse, innovative, and visionary group of business executives, industry professionals and community leaders to serve as the first Board of Directors for the MWEDC. In addition to bringing expertise and guidance to the MWEDC, the Board will be charged with establishing the foundation for the future of the Economic Development Corporation, ranging from the creation of bylaws to building partnerships with other entities that directly or indirectly can enhance economic prosperity in the City of Mineral Wells.

Roles of the MWEDC

The roles of the Mineral Wells Economic Development Corporation shall be to:

• Administer Type B Economic Development revenues for the City of Mineral Wells
• Provide guidance and feedback to the Economic Development Director and City leadership in implementation of economic development activities, including the Economic Development Strategic Plan

BOARD MEMBERS AND TERMS

• The Board of Directors consists of seven members
• The Board includes positions of President, Vice President, Secretary, and Treasury. Nomination and selection for each position is determined by the Board of Directors

MEETINGS AND TIME COMMITMENT

• The Board of Directors will typically meet monthly for regular meetings and will occasionally conduct Special Meetings throughout the year as needed
• A substantial investment of time is possible 
• New MWEDC Board members will be expected to participate in Board Member orientation and training

Required and Preferred Characteristics of an MWEDC Board member

To be eligible to serve as a Board member of the MWEDC, an individual must:

• Be a resident of the City of Mineral Wells,
• Be a resident of Palo Pinto County, or
• Reside within 10 miles of the boundaries of the City of Mineral Wells and in a county adjacent to Palo Pinto County, and 
• NOT be an employee, elected official, or appointed official of the City of Mineral Wells

Additionally, the ideal candidate to serve on the MWEDC Board of Directors offers a solid mix of experience, qualifications, and passion for enhancing economic prosperity and building a thriving business environment for Mineral Wells, including:

• Past or current experience as a business owner, business administrator and/or familiarity in an industry/sector considered important to the future of Mineral Wells
• A solid understanding of budgetary and financial activities, including sufficient understanding of business/development finance to participate in negotiation and award of funds for projects where/when appropriate 
• Passion for increasing quality of life and economic prosperity for residents, property owners, business owners, employees and other investors within Mineral Wells
• A strong desire to promote the development and growth of business in Mineral Wells and fully implement the vision and recommendations established by the Economic Development Corporation
• An ability to seek innovative solutions, often in collaboration with other partners and in a manner that leverages resources
• Innate leadership, management and interpersonal skills
• Patience and good humor
• Additional skill sets complementary to a holistic approach to economic development as recognized in the Economic Development Strategic Plan