Confidentiality

1. In some cases, a consultant or prospect may require anyone/everyone working on a project to sign a Confidentiality Statement.
2. When a Confidentiality Statement is required, be sure to inform the KEDC members and GKCC staff that a statement has been signed on behalf of Killeen.
3. Even if a statement isn’t requested, all projects should be kept confidential and only discussed with those involved in the decision making process for economic development.
4. There are many reasons to keep projects confidential.
   1. Most projects are competitive. Information can find its way to communities who are in a position to compete for the investment.
   2. No project is safe until documents, including Performance Agreements, have been executed.
   3. The company may not want their competition to know their plans.
   4. Open discussion leads to speculation. Speculation leads to unrealistic expectations and increased land prices.