Board Praises Record of Success; Announces Search for Successor


Tracye McDaniel announced plans to depart her position as President and CEO of the Texas Economic Development Corporation effective March 22, 2017. She will launch McDaniel Strategy Ecosystems LLC, a specialized consulting firm that will work with businesses, government and non-profit organizations.


“It’s been an exciting opportunity to work with Governor Abbott and his executive team. We’ve had some dramatic successes together,” said Tracye McDaniel. “But after thirty-plus years managing public and private economic development organizations in and outside of Texas, I’m ready for a change.”


Her new company, McDaniel Strategy Ecosystems, will focus on advising leaders on their organizations’ most critical issues and opportunities. She said that the company’s priority is to position its clients for “epic” success and help differentiate them from their competition.


Sanjiv Yajnik, Chairman of the Board of Texas Economic Development Corporation and President of Financial Services at Capital One, praised McDaniel’s service to the Lone Star State. “Tracye is one of the most active and respected professionals in her field. She has been a driving force in bringing local economic development professionals and businesses together, creating an environment that attracts business nationally and internationally to Texas. She has also led our international trade visits strategy, which has been very successful. I am confident that Tracye’s great knowledge and her passion for economic development will help her be tremendously successful in her future endeavors.”


A search is underway for a new President and CEO. “The Board aims to identify and hire a new President and CEO as quickly as possible,” according to Yajnik.

About Texas Economic Development Corporation and TexasOne

Texas Economic Development Corporation is an independently funded and operated 501(c)(3) nonprofit organization, whose mission is dedicated to economic development, business recruitment and job creation in the State of Texas. TexasOne is a public-private partnership of the Texas Economic Development Corporation, which coordinates efforts with the Office of the Governor to market Texas globally as a premier business destination. For more information about Texas Economic Development Corporation and TexasOne, visit