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NEDCO hires Frisco official as new CEO
Posted 05 - 24 - 2014


Taken from The Sentinel 05/24/2014, Page A01



NEDCO hires Frisco official as new CEO


Following a two-month search, the Nacogdoches Economic Development Corporation has hired a Frisco official as its new president and CEO. 

“NEDCO received considerable interest from economic-development professionals across the state and nation,” Chairman David Alders stated in a press release. “The field of 31 candidates was narrowed to four finalists, who then were interviewed by the personnel committee. All four finalists were very capable of representing our community, but the committee felt Ms. Windham had the depth of experience and the local connections ... we were searching for, as well as an unmatched network of contacts ranging from Texas and the Southeast and extending to national and even international economic developers and business people.” 

Nancy Windham, 61, has been vice president of the Frisco Economic Development Corporation since 2008. 

“I moved from Nacogdoches to Austin to work for the Texas
 Department of Commerce at the end of 1986,” she said. “I look forward to coming home. What a wonderful opportunity to be with family and get to work in a profession I dearly love.” 

NEDCO officials agreed to pay Windham a base salary of $96,000 a year. 

Frisco is a town of about 140,000 people in Denton and Collin counties, about 25 miles north of Dallas. Its EDC offers 10 incentive programs, and is partially funded by a half-cent sales tax. For fiscal year 2013-14, FEDC’s budget is more than $29 million — almost $15 million of which is allocated for incentives, debt payments and other obligations, Frisco city records show. And in 2013, it was named by Atlas Advertising as one of the best economic-development corporations in the world. 

“(FEDCO and NEDCO) are worlds apart and should be,” Windham said. “To expect one city and their programs to be like another, no matter where you are, would be almost impossible. The professional economic developer should be looking at the benefits and advantages of that particular area and market, promote and grow those special attributes to the maximum. To always be looking at ways to bring new jobs and keep the ones you have is what we do. It is my desire to transfer the knowledge gained from many great experiences and opportunities I have had in Frisco to Nacogdoches.” 

Windham will succeed Judy McDonald, who replaced Bill King as president and CEO in May 2013. 

“Ms. Windham will assume her new role as NEDCO president and CEO by mid-July,” Alders said. “Ms. McDonald had served as the president and CEO from NEDCO’s inception in June 1997 until she retired in July 2008. On behalf of the NEDCO board, I want to express our deep appreciation for Judy’s willingness to serve our community in this role over the past year. While we will miss her management of NEDCO, I know she will continue to serve this community as she always has — with tremendous personal warmth, passion and sound judgment.” 

McDonald returned as CEO when King resigned after five years in that position. She agreed to work on an $8,000, month-to-month contract — ultimately committing to remain on the job for no more than 18 months. 

King succeeded McDonald in June 2008 when she retired after 11 years as NEDCO’s president and CEO. He was hired as director for Corsicana’s economic development corporation in October 2013.

“It has been such a pleasure to work with the leadership of NEDCO,” McDonald said. “I have told people when I left before and as I leave now that this is the best job in Texas. People are just genuinely concerned about the community. It’s good to be able to come back and work a job I am very passionate about.” 

About 67 companies and organizations are NEDCO members, each maintaining representation with a board of directors after paying dues based on the number of people they employ. Sixteen committees help manage the organization’s business, and they include professionals from the agriculture, financial, health care, industrial and retail industries, and others. 

Dues range from $1,000 to $15,000 per year for NEDCO members. Nacogdoches County allocates $32,500 to NEDCO, while the city pays $95,000. The organization’s budget is about $335,000. 

Windham also worked as director of business development for HLM Design, associate director of strategic planning for Lockwood Greene, executive director for the Southern Economic Development Council and executive director of what is now the Texas Industrial Development Council, as well as with the Texas Department of Commerce and the East Texas Chamber of Commerce. In Nacogdoches, Windham was employed with Hotel Fredonia, Timberland Savings and Loan, Commercial State Bank and Nacogdoches Savings and Loan. 

“(She) has received numerous honors and earned several career designations, including being named one of seven honorary life members of the Texas Economic Development Council, a lifetime membership in the Nacogdoches County Chamber of Commerce and, most recently, a ‘fellow’ with the Industrial Asset Management Council,” according to the NEDCO press release. 

“My first plans will be to meet the NEDCO staff and board and Nacogdoches city and county leadership,” Windham said. “Following will be introductions and visits with existing industries and organizations to hear their stories and become a part of their plans for the future. I want to thank Judy, David and the NEDCO board for this great opportunity.” 

Windham has two children and four grandchildren. 


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