- Economic Development
- 4B Economic Development
4B Economic Development
Legal Notice - Open March 9, 2017 Closes 2:00PM April 4, 2017 - CLOSED The Bowie 4B Sales Tax Corporation is accepting competitive sealed proposals for the following:
"Industrial Technology Center, North Central Texas College, Bowie Campus"
Drawings & Specificatons may be purchased from:
Hudson's Blueprint, 1007 5th St., Wichita Falls, TX 76301
Bids are under review by the Board of Directors
For additional information please contact:
Bundy, Young, Sims & Potter, Inc.
1005 9th Street, Suite 200
Wichita Falls, TX 76301
T: (940) 761-2404
Contact: Ken Dowdy firstname.lastname@example.org
Promoting Higher Education
Bowie adopted the 4B Sales Tax that is governed by the Texas Development Corporation Act of 1979 4B and subsequent amendments and regulations pertaining to the use of 4B economic development sales tax usage. The purpose of Bowie’s adoption of this usage is primarily for the purpose of building and maintaining the building site used for the Bowie campus of the North Central Texas College (NCTC).
Following the discovery of the Barnett shale and improved recovery techniques, the NCTC Bowie Campus opened a new wing for an educational program that would address the increased number of oil- and gas-related jobs in the area at the request of the oil and gas producers and local citizens. The Oil and Gas Production Technology Center offers students a two-year degree and substantially increases the opportunities for better results for both the companies and trained professional.
Seeing ResultsThe Oil and Gas Technology Center was industry driven with 14 organizations including EnCana, 4B Board, Energy Service Company, Allied Production Solutions, Complete Production Services, and other financial partners from the area. The updated in-depth economic impact study on the Barnett shale conducted by nationally respected economist Dr. Ray Perryman, said the impact now amounts to more than $9.1 billion annually. In all, approximately 83,000 jobs have been created in the North Texas region (including Cooke, Denton, Wise, and Montague counties)
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