Texas · Public charity
Market Lubbock Economic Development Corporation
To enhance and encourage economic development and job creation and facilitate the development of new industries. Manage and oversee the operations of visit lubbock and foreign trade zone 260. Visit lubbock encompasses the operations of the convention and visitors bureau and lubbock sports.
- $3.1M
- Granted FY2024(still arriving)
- 46
- Itemized grants FY2024
- 30
- Organizations funded FY2023
- 77%
- First-time grantees FY2023
- Itemized, FY2024
- $3.0M
- The rest is grants the schedule does not break out
- Median grant, FY2024
- $24,922
- Largest grant, FY2024
- $1,000,000
- Organizations funded a year
- 3 to 30
- FY2017 to FY2023
- States reached, FY2024
- 1
- Total assets, FY2024
- $13M
How open it is to new grantees
In FY2023, 77% of the organizations Market Lubbock Economic Development Corporation funded were first-time grantees, receiving 40% of its grant dollars.
New vs renewed · share of each year
In FY2023, 60% of grant dollars renewed an existing relationship; $1.0M went to new ones.
RenewedFirst-time
Where new relationships form · theme of each grantee’s first grant
Arts & CultureCommunity ImprovementEducationHealthOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 45 | $3.0M | 76% |
| FY2023 | 30 | $2.6M | 77% |
| FY2022 | 15 | $2.0M | 73% |
| FY2021 | 17 | $1.1M | 65% |
| FY2020 | 20 | $2.1M | 75% |
| FY2019 | 20 | $3.3M | 95% |
| FY2018 | 3 | $131k | 67% |
| FY2017 | 5 | $417k | n/a |
100% classified
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.
Community Improvement$4.9MScience & Tech$2.7MHousing & Shelter$2.7MRecreation & Sports$2.0MArts & Culture$688kEmployment$656kHealth$295kPublic Safety & Disaster$220kOther$0
Top grantees
Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Lubbock Economic Development Alliance | $3,000,000 | 4 | 10% |
| Texas Tech University | $2,456,938 | 6 | n/a |
| City of Lubbock | $2,232,734 | 3 | n/a |
| South Plains Association of Governments | $1,000,000 | 1 | n/a |
| Lubbock Experience Inc | $395,000 | 5 | 29% |
| Texas Tech University System | $265,000 | 2 | n/a |
| Cavender Real Estate of Lubbock III LLC | $250,000 | 2 | n/a |
| Bayer Cropscience LP | $250,000 | 5 | n/a |
| Q-505 LLC | $150,000 | 2 | n/a |
| Veritas Medical | $144,190 | 1 | n/a |
Show all 119 grantees
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Lubbock Economic Development Alliance | $3,000,000 | 4 | 10% |
| Texas Tech University | $2,456,938 | 6 | n/a |
| City of Lubbock | $2,232,734 | 3 | n/a |
| South Plains Association of Governments | $1,000,000 | 1 | n/a |
| Lubbock Experience Inc | $395,000 | 5 | 29% |
| Texas Tech University System | $265,000 | 2 | n/a |
| Cavender Real Estate of Lubbock III LLC | $250,000 | 2 | n/a |
| Bayer Cropscience LP | $250,000 | 5 | n/a |
| Q-505 LLC | $150,000 | 2 | n/a |
| Veritas Medical | $144,190 | 1 | n/a |
| Dixie Partners II LP | $125,000 | 1 | n/a |
| N2 Electrical Contractors LLC | $125,000 | 1 | n/a |
| Wire Hollow Education Innovation | $125,000 | 1 | 3% |
| Metro Towers Housing | $125,000 | 1 | n/a |
| Teinert Commercial Building | $125,000 | 1 | n/a |
| Ramar Communications | $125,000 | 1 | n/a |
| Lbb Hwy 84 LLC | $125,000 | 1 | n/a |
| Southern Star Lubbock LP | $125,000 | 1 | n/a |
| Cavendar Real Estate of Lubbock LLC | $125,000 | 1 | n/a |
| Western Bank | $125,000 | 1 | n/a |
| McCourt Place Lc | $110,080 | 2 | n/a |
| Lubbock Entertainment and Performing Arts Association | $100,000 | 3 | 1% |
| 2 Docs Brewing | $99,887 | 2 | n/a |
| Levelland Independent School Distri | $99,350 | 1 | n/a |
| Discovery Healthcare | $98,810 | 1 | n/a |
| City Lubbock Church Inc | $80,397 | 1 | n/a |
| West Family Hospitality Group | $79,062 | 2 | n/a |
| 1500 Broadway Partners | $78,953 | 1 | n/a |
| Take 5 Properties Spv LLC | $75,136 | 1 | n/a |
| Lockney Isd | $70,137 | 2 | n/a |
| Brownfield Independent School Distr | $69,207 | 1 | n/a |
| Jac Enterprises LLC | $63,794 | 1 | n/a |
| Rtgs Broadway Development LP | $60,426 | 1 | n/a |
| The Charles Adams Studio Project | $56,500 | 1 | 9% |
| Paper Cut LLC | $56,396 | 2 | n/a |
| Tru Dean Realty LLC | $52,474 | 1 | n/a |
| Concord Medical Group | $52,243 | 1 | n/a |
| Mixed Nutz Leasing | $51,946 | 2 | n/a |
| Infection Controls Inc Dba Germblast | $45,568 | 2 | n/a |
| Lubbock Chamber of Commerce | $45,000 | 3 | 1% |
| Hale Center Isd | $44,488 | 1 | n/a |
| Mc & Mc Properties Lc | $43,876 | 1 | n/a |
| Mvsc Property Management | $41,792 | 1 | n/a |
| Reside Lubbock LLC | $41,357 | 1 | n/a |
| South Plains College | $40,150 | 2 | n/a |
| Pat Kelly Properties Inc | $39,877 | 1 | n/a |
| Covenant Medical Center | $38,943 | 1 | 0% |
| 806 Development LLC | $36,873 | 1 | n/a |
| 2 Sparks & Co LLC | $36,186 | 1 | n/a |
| 713 Hotel Operating LLC Dba McM Elegante | $34,668 | 1 | n/a |
| Frenship Isd | $34,650 | 2 | n/a |
| Rdm7 LLC | $34,060 | 1 | n/a |
| Sherwood Design and Construction | $32,141 | 1 | n/a |
| Abernathy Independent School District | $32,124 | 1 | n/a |
| Lubbock Pico Properties LLC | $31,647 | 1 | n/a |
| Denver City Isd | $30,748 | 1 | n/a |
| Lubbock County Expo Center Inc | $30,000 | 1 | 15% |
| Sally Blair LLC | $29,531 | 2 | n/a |
| Downtown Lbk Ventures | $29,413 | 1 | n/a |
| Historic Cactus Theater of Lubbock Inc | $28,483 | 1 | n/a |
| Pkj LLC | $28,349 | 1 | n/a |
| 611 Broad LLC | $27,545 | 1 | n/a |
| Hump Investments | $27,030 | 1 | n/a |
| 12k Properties LLC | $27,022 | 1 | n/a |
| Raw Oil and Gas Inc | $26,656 | 1 | n/a |
| Caprock Laundry LLC | $26,439 | 1 | n/a |
| Cotton Center Isd | $26,085 | 1 | n/a |
| Stonesoup Properties LLC | $25,000 | 1 | n/a |
| Triple J Chophouse & Brewery | $25,000 | 1 | n/a |
| Lubbock Symphony Orchestra Inc | $25,000 | 1 | 1% |
| Century House Redemption LP Cba Kingdon Towers | $25,000 | 1 | n/a |
| South Plains Regional Workforce Development Board | $25,000 | 1 | n/a |
| Salvage Linen LLC Dba Juxtaposh | $25,000 | 1 | n/a |
| 611 Main Inc | $25,000 | 1 | n/a |
| Plains Properties LLC | $25,000 | 1 | n/a |
| Ports to Plains | $25,000 | 1 | n/a |
| Kyra K Blankenship PC | $24,965 | 1 | n/a |
| Westminster Presbyterian Church | $24,922 | 1 | n/a |
| Auld Brewing | $24,370 | 1 | n/a |
| Palmetto Assets Dba Wienerschnitzel 428 | $23,061 | 1 | n/a |
| 1114 Texas Ave LLC | $22,005 | 1 | n/a |
| Roosevelt ISD | $21,455 | 1 | n/a |
| Plains Realty Investments LLC | $20,438 | 1 | n/a |
| Ports-To-Plains Trade Corridor Coalition | $20,000 | 2 | 2% |
| Lubbock Christian University | $19,951 | 1 | 0% |
| Morton Independent School District | $18,631 | 1 | n/a |
| Lubbock Independent School Di | $17,994 | 1 | n/a |
| Hub City Main Street Investment | $17,993 | 1 | n/a |
| Chuck Chapman Electric Inc Dba Cc Electric | $17,281 | 1 | n/a |
| Buddy Holly Lubbock LLC | $16,114 | 1 | n/a |
| 1602 Texas Ave LLC | $14,328 | 1 | n/a |
| J&W Plumbing | $13,975 | 1 | n/a |
| Unifirst Corporation | $13,802 | 1 | n/a |
| Lubbock Cooper Isd | $13,257 | 1 | n/a |
| Pancake House | $12,497 | 1 | n/a |
| Flips Lbk Inc | $12,265 | 1 | n/a |
| River Smith's Chicken & Catfish | $12,222 | 1 | n/a |
| Woodberry Investments LLC | $11,250 | 1 | n/a |
| Texas Panhandle Forensics | $11,228 | 1 | n/a |
| Cha-Cha's Mexican Caf | $11,123 | 1 | n/a |
| Matthew Harris Law Pllc | $11,108 | 1 | n/a |
| Davis W Smith PC | $10,975 | 1 | n/a |
| Wmao LLC | $10,546 | 1 | n/a |
| The Louise Hopkins Underwood Center for the Arts | $10,278 | 1 | 1% |
| Parkway Place Lubbock LLC | $10,220 | 1 | n/a |
| Lesinee Mitchell | $10,105 | 1 | n/a |
| Lubbock Angel Network Inc | $10,000 | 1 | 99% |
| Theresa Barrett Fine Arts Photography | $9,250 | 1 | n/a |
| Hart Chesnutt LLC | $9,000 | 1 | n/a |
| Anton Isd | $8,916 | 1 | n/a |
| Plainview Independent School District | $7,978 | 1 | n/a |
| Those Iowa Girls Antiques | $7,588 | 1 | n/a |
| Children's Advocacy Center | $6,809 | 1 | n/a |
| Lee's Pdr LLC | $6,079 | 1 | n/a |
| Officewise Commercial Interiors | $5,996 | 1 | n/a |
| Wjw Holdings LLC | $5,953 | 1 | n/a |
| Raldso Development LLC | $5,375 | 1 | n/a |
| Hugo Reed and Associates Inc | $5,058 | 1 | n/a |
| Oregon Health & Science University | $5,000 | 1 | n/a |
Plus 1 recipient with no EIN on record ($9k), not named here.
Where it is load-bearing
Market Lubbock Economic Development Corporation supplied at least a quarter of the budget for 2 of its grantees at some point. The chart plots its 13 largest grantees; load-bearing ones sit top left.
Tap a dot to name the grantee.
How this is measured
Share of budget is the funder’s grant in a year over the grantee’s total revenue that year, at its highest across the years we hold; revenue is from all sources. Only grantees confirmed against their own filings, whose grants do not exceed their revenue, are plotted: the largest 13.
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.
Lubbock Economic Development AllianceTX48.9× affinity21 shared granteesties to 8 of 9Hover any node to trace its alignments.Compare side by side →
Open a dossier: Lubbock Economic Development Alliance · Ch Foundation Inc · Helen Jones Foundation Inc · Civic Lubbock Inc · Community Foundation of West Texas · Rea Charitable Trust · The Dallas Foundation · Communities Foundation of Texas Inc · Texas Instruments Foundation · Amazonsmile Foundation
How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.
Compare Market Lubbock Economic Development Corporation with peer funders
About Market Lubbock Economic Development Corporation
- How much does Market Lubbock Economic Development Corporation give?
- Market Lubbock Economic Development Corporation reported 46 itemized grants totaling $2,967,105, out of $3,093,748 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 3 and 30 organizations a year over FY2017 to FY2023.
- What does Market Lubbock Economic Development Corporation fund?
- By grant dollars over FY2017 to FY2024, its largest causes are Community Improvement (34%), Science & Tech (19%), Housing & Shelter (18%).
- Who are Market Lubbock Economic Development Corporation's largest grantees?
- By total granted over FY2017 to FY2024: Lubbock Economic Development Alliance ($3.0M), Texas Tech University ($2.5M), City of Lubbock ($2.2M).
- Does Market Lubbock Economic Development Corporation fund new organizations?
- In FY2023, 77% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Market Lubbock Economic Development Corporation?
- Its strongest co-funders, measured against what their size predicts, include Lubbock Economic Development Alliance, Ch Foundation Inc, Helen Jones Foundation Inc.
- Where is Market Lubbock Economic Development Corporation based?
- Market Lubbock Economic Development Corporation is based in TX.
Play a game based on Market Lubbock Economic Development’s filings →
More from the funding graph
The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home