AEDC votes to support expansion of local business

The Amarillo Economic Development Corporation (AEDC) Board of Directors announced today their support in the expansion of Amarillo-area business Asset Protection Unit.  Over the next five years, the project will create more than 125 jobs in the Amarillo area, adding $5M in additional payroll. 

Asset Protection Unit, LLC, a leading provider of data mining and overpayment recovery for insurance and related industries, will create more than 125 jobs in the Amarillo area over the next five years. The positions will support the business unit's ability to support new insurance carriers. 

"We are thrilled to support growing businesses in the Amarillo-area," stated AEDC Board Chairwoman Laura Street. "As a Board, we enjoy investing in the growth of area companies that have and will continue to give back to the community. These projects highlight the on-going growth in Amarillo and the AEDC's focus on expansion and retention." 

Interim President and CEO Doug Nelson stated, "Anytime the organization can invest in successful local businesses that are growing, we consider that a win."

The AEDC's support of the two expansions is the first step toward final approval of financial incentives for the two projects. The Amarillo City Council will consider the two projects at an upcoming Council meeting on December 4, 2018. Incentives may only be awarded upon final approval by City Council. 

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