The Richardson Economic Development Department (REDD) is a municipal entity in Richardson, Texas, focused on fostering economic growth and supporting local businesses, particularly in technology and telecommunications. It operates incentive programs to attract and retain companies in the region.
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The Richardson Economic Development Department (REDD) is dedicated to enhancing the business landscape in Richardson, Texas. Its mission is to attract investment, create jobs, and support local businesses, particularly in technology and telecommunications. REDD operates various incentive programs, including the Research Award Match Program (RAMP), which provides matching grants for small businesses that have received federal SBIR or STTR awards. The department has received multiple recognitions for its efforts, including the TEDC 2025 Economic Excellence Recognition Award. REDD focuses on sectors such as advanced manufacturing, professional services, health sciences, and technology, aiming to build a vibrant local economy and support businesses at different stages of growth.
The Richardson Economic Development Department invests in sectors such as advanced manufacturing, professional and financial services, health and life sciences, technology and software, and research and development. It supports businesses at various stages of growth and aims to attract companies to the Richardson Innovation Quarter (The IQ®) and the CORE District.
The Richardson Economic Development Department provides value to portfolio companies through various incentive programs, particularly the Research Award Match Program (RAMP), which matches federal SBIR/STTR awards for small businesses. This support helps companies commercialize technology, create jobs, and establish long-term operations in Richardson.
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