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Strategizing for Regional Growth

The Community & Economic Development Program (CED) at the Texoma Council of Governments administers several grant-funded programs that address development in the Texoma region.

This includes serving as the Economic Development District for Texoma (EDD) , a designation awarded by the U.S. Department of Commerce Economic Development Administration, working to engage the region in comprehensive economic development planning to strategize for growth in our area.

CED staff also serve as the support staff for the Texoma Regional Review Committee that sets the scoring criteria for “non-entitlement” communities seeking Community Development Block Grant (CDBG) funds for projects in their community.

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U.S. Economic Development Administration (EDA) - A bureau within the U.S. Department of Commerce
 

Research, Collaboration, and Community Engagement

The Texoma Council of Governments (TCOG) Community & Economic Development Program is designated as the regional Economic Development District working under the authority of the Economic Development Administration (EDA) and with guidance from local stakeholders in community and economic development.

The function of the District, and the TCOG Community and Economic Development Program, is to assist distressed communities in achieving long-term competitive development in economic and community development through investments in human and natural resources, with the ultimate goal improvement of quality of life. The Texoma Economic Development District seeks to achieve this goal by utilizing a cadre of resources from within the Texoma Council of Governments and from private and public partners from throughout the surrounding area.

Region

The Texoma region is located in north central Texas south of Lake Texoma and the Red River that borders the states of Oklahoma and Texas which includes Cooke, Fannin, & Grayson counties.

Texoma Demographics

Texoma
214,544
Cooke
40,903
Fannin
38,330
Grayson
135,311

Source: Texas Water Development Board Regional Water Plan County Population Projections for 2020-2070

Median Household Income

USA - $57,652

State of Texas - $57,051

Texoma
$53,401
Cooke
$60,027
Fannin
$47,875
Grayson
$52,683

The Median Household Income for Texoma is $53,401, with 14.3% of the population living in poverty, compared to 16% of Texans and 14.6% of Americans. Based on the 2013-2017 American Community Survey 5-Year Estimates, the Median Household Income for Cooke County is $60,027 with 13% of persons living in poverty. The Fannin County Median Household Income is $47,875 with 12.9% of persons living in poverty. The Grayson County Median Household Income is $52,683 with 13.4% of persons living in poverty.

Source: US Census Bureau, 2013-2017 American Community Survey 5-Year Estimates

Gross Rent as a % of Income

Affordability is the relative expenses families and individuals spend on housing in the Texoma region. A general rule of thumb is that families should spend no more than 30% of their monthly income on housing.

Affordability at a Glance - % of Population Spending 30% or More on Housing:

USA - 50.6%

State of Texas - 47.8%

Cooke
40.9%
Fannin
43.4%
Grayson
42.66%

Source: US Census Bureau, 2013-2017 American Community Survey 5-Year Estimates