CITY OF MESQUITE ECONOMIC DEVELOPMENT QUARTERLY REPORT 1 st Quarter - PowerPoint PPT Presentation

CITY OF MESQUITE ECONOMIC DEVELOPMENT QUARTERLY REPORT 1 st Quarter 2019 stats: January, February, March Activities and announcements to date Presented June 17, 2019 Kim Buttram, Assistant Director of Economic Development Prologis @ US Hwy. 80 and Buckner; 250,000 SF 1

Media Highlights • WFAA did a feature story on the new Mesquite ISD school of choice, an asset for business development through a robust workforce pipeline here in Mesquite. • The Dallas Morning News real estate headline of the day on June 5 th was the new zoning approval of Urban District 30 industrial project. 2

Action at a Glance Business Retention and Expansion Results Trade Shows Contacts Program and Community Partnerships January – ICSC International Council of Shopping Centers Red 50 2019 program planning with the Dallas 4 representatives and collaboration River States Metropolitan Small Business with regional allies in Dallas, 25 January - NTCAR North Texas Commercial Association of Development Center, Small Business Garland, Sunnyvale, and Balch Realtors Administration and Dallas County Springs Manufacturers Association and 10 January – Biznow The Rise of Downtown Dallas Federation of Advanced Manufacturing Association 30 May – ICSC International Council of Shopping Centers/ RECon real estate convention Business Visits 25 on-site visits May – IAMC Industrial Asset Management Council 40 Community Partnerships 7 new partner opportunties Eastfield College: contract training leads June – Bisnow Dallas State of the Market 12 for H&K, Orora Visual and Hayes/ MISD lead for internships at PepsiCo/ Workforce lead to assist Hayes Meetings, Tours, Projects January - March Manufacturing Day: confirmations for PepsiCo and Orora Visual tours Combined Project Meetings 153 Realtors Forum Guest speaker to approximately 100 Requests for Proposals and Requests for Information real estate professionals Submitted 11 The Dish: Restaurant and Hospitality 50 attendees and confirmation of a Site and Property Tours 10 event with CVB, Texas Restaurant location for October 8, 2019 event to Association and Trip Advisor be held at Bubba’s 33 Telephone contacts 1,400 Strengthen your Workforce : Corporate 40 attendees and confirmation of a New Projects in Discussion 14 event held at Elements International location for the next event to be held at PepsiCo: date TBD Chapter 380 documents in progress 4 Business Survey: emailed to 165 43 respondents: 26% response rate companies and shared by partners Closed June 7, 2019 Chapter 380 documents executed 1 3

Reaching the business community 4

Council’s Economic Development Priorities JOB CREATION • 61 new Certificates of Occupancy • Estimated 48 new jobs in first quarter 2019 Stage Door Dance opened new facility in Downtown area • Retail, service and health care companies Elevate Healthcare opened their doors in March Bear Cave Coffee opened their pop up shop in The Corner Theater 5 4

Council’s Economic Development Priorities RETAIL VITALITY Retail market data update: • Development of major retail space vacancies: • Town East/Market East area: • Project Stallion commences site work • Site plans submitted for Market East Phase 2 • 93% city-wide retail occupancy rate (94.5% DFW – 95% Garland) • Average lease rate city-wide $15 per square foot ($19.50 DFW - $15 Garland) Project Stallion • 95% Town East area occupancy rate with lease rates in begins site work for five new pad sites Town East area average lease rate $19 per square foot • Town East Mall reports • 97% occupancy rate (98% last quarter) • New shop: Burgerim New brands like James Avery opening in Town East Mall 6

Council’s Economic SMALL BUSINESS DEVELOPMENT Development Priorities 7

Council’s Economic Development Priorities SHOPPING CENTER REVITALIZATION • Shopping center inventory complete 26 centers identified Independence Plaza Center @ Galloway Ave. and Town East Blvd. • Four centers in redevelopment: preliminary planning phase • Policies and proposed redevelopment plans to be presented 3Q19 Towne Crossing Station Shopping Center 8

Council’s Economic Development Priorities IH-20 CORRIDOR • Kaufman County announced as 3 rd fastest growing county in the USA by the US Census Bureau (see article from the Texas Tribune) • Retail meetings at ICSC for IH-20 sites • New residential preliminary plans in the ETJ • 2,000 new home lots within City limits • Trailwind – 450 – dirt work begun • Plus 25-acre Heartland Towne Center commercial area • Polo Ridge PID/TIRZ finalized – 1,012 • Skymark – 540 9

DOWNTOWN Council’s Economic Development Priorities REDEVELOPMENT Activity: • Board identifies transformation strategies • State Training by Texas Historic Commission • Front Street Station plans finalized • First Lady Day • Façade Grant Program announced • RFQ released for 117 W. Main Street property redevelopment 10

RESIDENTIAL PERMITS 1Q MESQUITE POPULATION TRENDS MEDIAN INCOME MEDIAN AGE: 32 34 144,118 $59,149 143,771 $55,890 $54,440 143,060 142,950 $52,395 11 5 4 2016 2017 2018 2019 2016 2017 2018 2019 2016 2017 2018 2019 POPULATION DISTRIBUTION 2019 NEW HOME PERMIT VALUES 1Q TOTAL RESIDENTIAL PERMIT VALUATION 1Q Other $315,775 $299,252 10% White 27% $10,174,590 $133,750 Hispanic $106,820 38% $3,473,533 Black 25% $534,100 $535,000 White Black Hispanic Other 2016 2017 2018 2019 2016 2017 2018 2019 11

City of Mesquite Economic Data* HIGHER EDUCATION MAJOR EMPLOYERS UNEMPLOYMENT RATE ATTAINMENT 3.70% Orora Visual 420 3.20% 3% Baker Brothers 450 27% Pepsi 650 Degree earned 27% Wal-Mart 850 Eastfield College 1,000 52% City of Mesquite 1,200 Higher education Dallas Regional 1,500 attainment UPS 2,300 52% Town East Mall 2,750 MISD 4,200 2019 2018 2017 2018 2019 INDUSTRY SNAPSHOT TOP INDUSTRIES BY JOB TYPE OCCUPATION SNAPSHOT Retail High location quotients: (>1.25)** High location quotients: (>1)** Accommodation/Food Health Care/Social Service • Transportation and Warehousing • Healthcare 1.05 Education 2.31 • Healthcare support 1.55 • Retail Trade 1.48 10.30% • Transportation and Material 19.40% • Educational Services 1.47 Moving 1.54 • Education and Training 1.40 Highest growth rates in Healthcare 3.5%; 11.80% Professional/Technical Services 1.9% 13.10 *Chmura 2018 data/**Quotient above the National Average as defined 12

City of Mesquite Economic Data COMMERCIAL NEW COMMERCIAL REMODEL PERMITS CONSTRUCTION PERMITS 1Q 1Q 7 94 89 6 4 3 38 36 2016 2017 2018 2019 2016 2017 2018 2019 COMMERCIAL REMODEL PERMIT COMMERCIAL NEW PERMIT VALUATION 1Q VALUATION 1Q $32,778,132 $27,939,874 $23,738,109 $10,250,000 $5,791,491 $3,815,000 $3,441,310 $3,830,331 2016 2017 2018 2019 2016 2017 2018 2019 13

City of Mesquite Economic Data Featured New Permits: • Prologis ESTIMATED SQUARE FOOTAGE 1Q LOCAL SALES TAX COLLECTED 1Q $9.4 million 651,104 $8,511,036 • American $8,474,409 National Bank $8,457,404 $850,000 302,861 • MISD $8,408,923 Professional Development 37,000 10,000 Center $13.4 million 2016 2017 2018 2019 2016 2017 2018 2019 • Valero Corner Store ESTIMATED NEW JOBS 1Q CERTIFICATES OF OCCUPANCY $400,000 ISSUED 1Q 70 99 103 50 77 48 61 34 2016 2017 2018 2019 2016 2017 2018 2019 14

Economic Development marketing new Marketing campaign to target industries Consistent message and authentic imagery Go Big Go North Texas Texas Governor’s Commission Economic Profile of Development DFW cities Guide 15

New Economic Development marketing website Marketing www.mesquiteecodev.com Live April 19, 2019 • Mailer sent to 800 industry contacts • Page views 2,721 16

Questions? 17