The Bellmead Economic Development Corporation is funded by a one-quarter cent type B tax referendum under the Development Corporation Act of 1979. The Bellmead Economic Development Corporation exists to serve the Bellmead community. This is accomplished by assisting, stimulating and enhancing community and economic development in Bellmead, Texas, subject to applicable State and Federal laws and the Bylaws, Articles of Incorporation and 380 Agreement. The sales tax revenues are utilized to increase job opportunities available to the citizens of Bellmead by assisting in the retention and expansion of local business and industry and the attraction of new businesses to Bellmead and McLennan County.