For 2006, companies in the REDC’s Rockwall Technology Park generated over $1.4 million in property tax revenue (city, school and county) easing the property tax burden on Rockwall homeowners.

The $1.4 million tax revenue saved Rockwall homeowners $70.42 in property taxes for 2006 on an average home value of $180,100.

Since 2001, new investment in the REDC’s Rockwall Technology Park including buildings and business personal property grew from $5 million to $59 million, over a tenfold increase in five years.

Over 800 new jobs have been created in the Rockwall Technology Park from 2001 to 2006.

The REDC’s participation in the construction of public infrastructure totaled $7.6 million for the new Presbyterian Hospital of Rockwall fronting Horizon Road at Tubbs Road, The Harbor on Lake Ray Hubbard, and Justin Road from Townsend Drive to Industrial Boulevard. In addition, the REDC completed $1.8 million in infrastructure improvements on the east side of FM 549 in Phase II of the Rockwall Technology Park, with the extension of Discovery Boulevard, new landscaping and new water and sanitary sewer lines.

The Rockwall Economic Development Corporation (REDC) is a Section 4A corporation formed under the Development Corporation Act and funded by a one-half cent sales tax. With out-of-town visitors paying a substantial portion of the sales tax, the REDC’s budget is funded by both citizens and visitors to Rockwall.