About Market Lubbock Economic Development
Dedicated to increasing leisure, sports, entertainment, meeting, and convention travel to Lubbock to generate economic impact for the Lubbock area.
Focus Areas
Tourism promotionConvention and meeting supportSports event recruitment and servicesEvent services and hospitalityMarketing and visitor services
Who They Fund
local small businesses (including COVID-impacted businesses)postsecondary institutions / university innovation parksjob-training students and vocational program participantslocal artists and arts organizations / cultural foundationscommunity development organizations serving Lubbock area
About Market Lubbock Economic Development
Market Lubbock Economic Development Corporation’s recent grantmaking is shaped by three large commitments to the Lubbock Economic Development Alliance, including two $1,000,000 awards in 2024 and 2025 and a $1,000,000 renovation grant in 2023. That pattern points to a funder working through major community development projects rather than many small awards. The corporation also backed Texas Tech University with three consecutive grants for the school’s Innovation and Research Park, adding $400,000 in 2023, $425,000 in 2024, and $434,500 in 2025. Those awards sit alongside support for building updates, renovations, and business development across Lubbock-area organizations and businesses. Its grant history shows a strong preference for capital-oriented work, with funding tied to construction, updates, and redevelopment rather than unrestricted operating support. The corporation’s portfolio also reaches into workforce training and cultural infrastructure, which broadens its economic development role beyond real estate and tourism-related projects.
What Market Lubbock Economic Development Funds
A major thread in the portfolio is business and community development in Lubbock. The foundation gave $1,000,000 to Lubbock Economic Development Alliance in 2025 and another $1,000,000 in 2024 to assist with business development in the community. Capital work is another recurring area: it awarded $125,000 to Teinert Commercial Building in 2023 for a renovation project that included site demolition, masonry, structural steel, framing, plumbing, and electrical work, and $98,810 to Discovery Healthcare in 2024 for building updates and renovations. Workforce preparation appears as well, with $99,350 to Levelland ISD in 2025 for equipment needs for high-demand job training classes and $44,488 to Hale Center ISD in 2025 for the same purpose. Cultural development is part of the mix too, including $75,000 to Lubbock Experience Inc. dba Lcaf in 2025 to support the development of the arts community.
How Market Lubbock Economic Development Gives
Typical grant size centers on a median of $25,000, with the 25th percentile at $13,348 and the 75th percentile at $66,500. The recent record shows both large anchor grants and many mid-sized project awards, especially for renovations, equipment, and local development efforts. Recipients appear across multiple years in several cases, including the Lubbock Economic Development Alliance and Texas Tech University, which points to recurring support rather than one-time-only relationships. Market Lubbock Economic Development Corporation is classified as a regular funder, and the grants shown are programmatic awards rather than program-related investments. The funding pattern is local and concentrated in Texas.
Financial Snapshot
Annual Giving
$3M
Total Assets
$12.7M
Total Revenue
$9.4M
Total Expenses
$9.2M
Typical Grant Size
Most grants fall between $13K and $67K, with a median of $25K.
25th Percentile
$13K
Median
$25K
75th Percentile
$67K
Geographic Reach
Local1 state funded
Funding intensity
LowHigh
Headquarters
Leadership
JOHN OSBORNE
Accepts unsolicited proposals
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