4A Wichita Falls Economic Development Minutes - 06/19/2025 MINUTES OF THE
WICHITA FALLS ECONOMIC DEVELOPMENT CORPORATION
JUNE 19, 2025
PRESENT:
Leo Lane, President § WFEDC Members
David Toogood, Vice President §
Brent Hillery §
Reno Gustafson
Craig Lewis §
Tim Short, Mayor §
Mike Battaglino, Councilor, District 4 § Mayor & Councilors
Austin Cobb, Councilor-at-Large §
Paul Menzies, Assistant City Manager § City Administration
Blake Jurecek, Assistant City Manager §
Monica Aguon, Sr. Assistant City Attorney §
Terry Floyd, Dir of Development Services §
Monica Aguon, Senior Assistant City Attorney §
Stephen Calvert, CFO & Finance Director §
Chris Horgen, Public Information Officer §
Paige Lessor, Exec. Legal Asst./Recording Sec. §
Ron Kitchens, CEO § Wichita Falls Chamber of Commerce
Vicki Pratt §
Paul Terry, Engineer § Nuco Controls, LLC
Dusty Potter, Board Chair § Downtown Wichita Falls Development
Carla Rogers, Board Member §
Rodney Case, Board Member §
Hank Rugeley, Partner § Davison Rugeley, LLP
1. CALL TO ORDER.
Mr. Leo Lane called the meeting to order at 2:30 p.m.
2. CONSENT AGENDA.
a. Approval of Minutes (May 15, 2025)
b. Financial Report
Mr. Paul Menzies reported that sales tax revenue is flat but remains on budget, which is
positive. Interest earnings continue to run slightly above projections, helping the bottom line.
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Current financials show about $13.4 million, though the true amount is likely closer to $14 million.
This adjustment is pending the rectification of a few project accounts, such as the business park
mineral rights, and the expiration of Tryer and Howmet projects, allowing those funds to roll back
in.
Mr. Lane asked if there were any further comments or questions. No comments were
made, nor questions asked. Mr. David Toogood made a motion to approve the consent agenda.
Seconded by Mr. Brent Hillery, the motion carried 5-0.
3. DISCUSSION AND POSSIBLE ACTION RELATED TO THE PROPOSED INCENTIVE PACKAGE FOR
NUCO CONTROLS, LLC.
Mr. Ron Kitchens introduced NuCo Controls, LLC, currently operating downtown in the
former Joe Pistocco auto dealership building, noting the company's opportunity to relocate to a
significantly larger and more functional 60,000-square-foot facility and add approximately 23
employees.
Mr. Paul Terry with Nuco Controls provided background, explaining the company was
founded on July 14, 2011,with five partners and one manufacturing supervisor, all initially working
hands-on. Over the past five years, the company has experienced substantial growth, over 40%
year-over-year, and is currently on track for more than 60% growth in 2025. The partners bring
decades of experience in the electrical industry, with deep vendor and distribution networks, and
serve diverse market segments including oil and gas, renewable energy (solar and wind),
industrial HVAC, and general industrial markets, supplying customers nationwide and
internationally in Europe and South America. Notable clients include Vitro and Sealed Air.
Mr. Kitchens noted the company's average salary, with full benefits, exceeds $90,000
annually, making it a premier local employer. Mr. Terry added that the company has a strong
presence in the power quality sector, having completed a major City project in 2014 and recently
been asked by its second-largest customer to expand by another 60,000 square feet to
consolidate operations in Wichita Falls and serve the entire U.S.
Mr. Hillery inquired as to what type of positions the company would be adding. Mr. Terry
explained that the planned 23 new positions will primarily consist of highly skilled wiring personnel,
with additional mechanical workers, an administrative role to handle increased distribution needs,
and potentially another engineer. Mr. Lane asked if the company owned any property downtown.
Mr. Terry answered that it does not currently own any downtown property. Mr. Lewis asked if the
company is consistently profitable. Mr. Terry reported that NuCo has been consistently profitable
since its inception and has never posted a loss.
No further comments were made, and no questions were asked.
4. DISCUSSION AND POSSIBLE ACTION RELATED TO DOWNTOWN WICHITA FALLS DEVELOPMENT.
Mr. Dusty Potter, Board Chair of Downtown Wichita Falls Development and North Texas
Visions, announced an upcoming organizational change in coordination with the Wichita Falls
Chamber.After months of collaboration between the Chamber and the board, both parties agreed
that transitioning downtown economic development responsibilities to the Chamber would be the
most effective approach for the city at this time. The Chamber is well-positioned to support
ongoing business growth citywide, and Downtown Wichita Falls Development is committed to
ensuring the transition is smooth, productive, and collaborative. Outgoing staff have already been
working directly with the Chamber to facilitate the handoff, and the board will remain available to
provide institutional knowledge and continuity.
Mr. Potter explained that this change will allow Downtown Wichita Falls Development to
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focus more fully on its core mission of hosting impactful, community-driven events that bring
people downtown, support small businesses, and promote Wichita Falls as a destination.
Signature events such as Cajun Fest, the Downtown Artwalk, the Saint Patrick's Day Festival,
City Lights, and the weekly Farmer's Market provide entertainment, drive foot traffic, increase
tourism, and create business opportunities. Looking ahead, the organization plans to expand its
event calendar, explore new visitor attractions, and build on existing successes. Mr. Potter
expressed gratitude for the Board's support and emphasized the organization's continued
commitment to creating experiences that bring the community together in the heart of downtown.
Mayor Short inquired as to the official date of the transition. Mr. Potter explained that the
official transition date would be October 1, which is already underway.
Mr. Lane thanked Mr. Potter for his presentation and update. There were no additional
comments or questions, and no action was taken by the Board.
6. EXECUTIVE SESSION.
Mr. Lane adjourned the meeting into executive session at 2:39 p.m. pursuant to Texas
Government Code §§§§ 551.072, 551.087, 551.071, and 551.074. He announced the meeting
back into regular session at 3:44 p.m. The subjects posted in the Notice of Meeting were
deliberated, and no votes or further actions were taken on the items in executive session.
MOTIONS
Mr. Toogood made a motion for the Board to approve an incentive package for NuCo
Controls, LLC, including a $1,000,000 forgivable loan to be distributed over two years, along with
a$172,500 cash-for-jobs grant tied to verified job creation milestones. The motion also authorizes
Board Chair Leo Lane, with the concurrence of the City Attorney, to execute all necessary
agreements and documents to implement the package. With no additional questions or
comments, the motion was seconded by Mr. Lewis and approved by a 5-0 vote in favor.
6. ADJOURNED.
Mr. Lane asked if the public had any questions or comments. Since there were none, he
adjourned the meeting at 3:46 p.m.
Leo Lane, Presi e t
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