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Cove EDC assistant director heads for new opportunities

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Cove EDC director says sales tax numbers are indication of buying power

The director of Copperas Cove’s Economic Development Corporation, Jonas Titas, said he believes the final sales tax allocations for the city indicate the buying power in the city and that the data can be used to attract new businesses. Despite the pandemic, the city received just over $850,000 more from sales tax allocations from the state in 2020 than it did in 2019 — $5,987,621. The total represented an increase of 16.6%, and year to date, the city has seen an increase of 10.8%. “This is a very, very positive slide that we can show to the retail developing community, so that they can see that this is the buying power of folks in Copperas Cove,” Titas said Tuesday as he briefed the Copperas Cove City Council.

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