The Tomball Economic Development Corporation (TEDC) focuses on attracting new businesses & industry, promoting business retention and expansion, and coordinating economic development efforts in Tomball, the region, and the state. These principles create a foundation for the organization to strengthen the overall economic environment of Tomball. 

The TEDC is a non-profit Type B Corporation created pursuant to the Texas Development Corporation Act of 1979. The TEDC was formed in November 1994, after citizens of Tomball voted to pass a 1/2 cent sales tax dedicated to economic development. The TEDC is governed by a seven-member Board of Directors appointed by the Tomball City Council.