The Katy Area Economic Development Council serves as the economic development organization for the area. Founded in 2003, the Katy Area Economic Development Council's (Katy Area EDC) mission is to establish the Katy area as the premier location for families and businesses through planned economic growth and economic development. Since its inception, the Katy Area EDC has grown to over 210 members, has a budget of $900,000 and has assisted in the creation of over 16,200 jobs and more than $2.5 billion in capital investment. Katy Area EDC is a full-service private, non-profit, 501 (c) 6 economic development corporation.