E C O N O M I C
D E V E L O P M E N T
2
0
1
P R O F I L E
5
MOUND
TEXAS
F
L
O
W
E
R
Lo c at i o n
About Flower Mound
Centrally located in the Dallas-Fort Worth Metroplex, the Town of
Flower Mound is a family-oriented community that prides itself on
maintaining a small-town atmosphere while embracing and fostering
a dynamic economic development environment. Incorporated in
1961, Flower Mound is a master-planned community encompassing
approximately 46 square miles, with a population of 66,820.
Flower Mound has what your business needs to succeed and grow, including accessibility, low business costs, extensive infrastructure, a
highly-skilled workforce, and an exceptional quality of life.
Development and business activity in Flower Mound is thriving!
More than 1,000 businesses, including many major employers and
national firms, call Flower Mound home and are supported by an
active Chamber of Commerce. Flower Mound’s strategic central
location, low tax rate, excellent school system, and unsurpassed
quality of life continue to garnish national recognition, and the
close proximity to DFW International and Alliance Airports has
greatly influenced the Town’s economic conditions.
Flower Mound
• Flower Mound is located in north
central Texas at the southern edge of
Denton County, between Grapevine
Lake and Lewisville Lake.
• Flower Mound is only three miles
north of Dallas/Fort Worth (DFW)
International Airport, making it, “ten
minutes from anywhere in the world.”
• The Town is 28 miles northwest of Dallas
and 25 miles northeast of Fort Worth.
Denton County
• Denton County is one of 254 counties
in Texas and includes approximately
958 square miles and all or part of 44
municipalities within its boundaries.
• Denton County’s estimated 2014
population is 753,363.
Source: United States Census Bureau, State & County
QuickFacts, accessed April 2015
Tarrant County
• A small area just above the southern
boundary of Flower Mound is located in
Tarrant County. Tarrant County’s 2014
estimated population is 1,945,360.
Source: United States Census Bureau, State & County
QuickFacts, accessed April 2015
Dallas/Fort Worth (DFW)
• The Dallas-Fort Worth-Arlington, TX
Metropolitan Statistical Area (MSA) is
comprised of 12 counties encompassing
two metropolitan divisions: DallasPlano-Irving on the east and Fort
Worth-Arlington on the west.
• The DFW Metroplex has a population
of approximately 6,810,913, with an
average growth of 1 new resident every
5 minutes.
• North Texas is currently the 4th fastest
growing region in the country with a
3.6% job growth rate, which out-paces
the nation’s current 2.1% rate.
Source: North Texas Commission Annual North Texas Profile,
accessed April 2015 Texas
• For the 3rd year in a row, and the 6th
time overall, Texas was the recipient
of Site Selection Magazine’s 2014
Governor’s Cup, an annual award
given to the state with the most new
and expanded corporate facilities
announced over the previous year.
Source: Site Selection Magazine, accessed April 2015
• Forbes named The Lonestar State as
#1 in the country for both Future Job
Growth and Economic Climate in the
2014 Best States for Business study,
published in November.
Source: Forbes 2014 Best States for Business Study, accessed
April 2015
• For a decade of consecutive years, Chief
Executive Magazine has recognized
Texas as the best state in the nation in
which to do business.
Source: Chief Executive Magazine, accessed April 2015
• Texas was named the top state in the
country for doing business for the 4th
year in a row, in Area Redevelopment
Magazine’s survey of location
consultants.
Source: Area Development Magazine 2014 Gold Shovel
Awards, accessed April 2015
Convenient Access and Close
Proximity to Customers/Clients
• Centrally located between Dallas and
Fort Worth, just minutes from DFW
International Airport.
Commercial Water Rates
• Commercial water rates are based on
usage after first 2,000 gallons and range
from $3.75–$5.92 per thousand gallons.
Skilled Workforce
• More than 85% of the adult population
has post-secondary education, offering
employers some of the highest skilled
workers in North Texas.
• Easy access to I-35, I-635, SH 121, and
SH 114, and major thoroughfares FM
1171, FM 2499, FM 3040, and U.S. 377.
Cost of Living
• Town Council recently adopted the
lowest property tax rate in the last 30
years, lower than 11 of 13 benchmark
communities in North Texas.
• The average household income for 2015
is $142,903.
• Direct flight times from DFW
International Airport to nearly any city
in the continental United States in four
hours or less.
• Central time zone location extends
the working day for companies doing
business on both coasts.
Low Business Costs
• Commercial property ranges from
$2.00–$18.00+ per square foot.
Source: CoStar Realty, accessed April 2015
• Multiple opportunities for site
development.
• All Lakeside Business District properties
offer Triple Freeport Inventory Tax
Exemption.
Flower Mound has
2 of the top 10
wealthiest zip codes in
North Texas!
66,820
Flower mound
Population
• Single-family housing from
$100K–$2M.
Source: Denton County Appraisal District, accessed April 2015
Excellent Infrastructure
• Flower Mound continues to invest
in road improvements, water and
sewer projects, and work with
telecommunication providers to install
state-of-the-art services.
• The Town’s first Tax Increment
Reinvestment Zone (TIRZ) was
established in 2005 and provides
dedicated funds for public
infrastructure along the FM 2499
corridor. The TIRZ consists of 1,465
acres and ad valorem tax revenue
collected will fund improvement
projects over a 20-year period.
Source: Nielsen-Claritas 2015 Demographic Data, purchased
March 2015
• Approximately 81% of the general
population holds white collar
occupations.
Source: Nielsen-Claritas 2015 Demographic Data, purchased
March 2015
Low Tax Rates
Sales Tax Rate
Town of Flower Mound
2.00%
State of Texas
6.25%
Total
8.25%
2014–15 Tax Rate per
$100 assessed valuation
Denton
County
Tarrant
County
Town of Flower Mound
$0.439
$0.439
$1.477
$1.477
$0.2722
$0.264
N/A
$0.377397
$2.1882
$2.557397
Lewisville ISD
County
Other (Hospital/
College District)
Total
2
Flower Mound Economic Development | Accessibility
Major Thoroughfares
• Major State & county roads serving area:
FM 1171, FM 2499, FM 3040, FM 407
• Federal Highway serving area: U.S. 377
• Easy access to nearby Interstate and State
Highways: I-35E, I-35W, I-635, SH
121, SH 114
• The Texas Department of
Transportation approved $90 million
to extend the DFW Connector project
into Flower Mound, creating a direct
non-stop route from Flower Mound to
DFW International Airport.
Air Service
Dallas/Fort Worth (DFW) International
• Distance from Flower Mound: 3 miles
• Passenger airlines: 11 Domestic, 13
Foreign Flag
• Total destinations: 204
Demographics
• DFW International Airport offers an
extensive route network, with nonstop
service to 59 international destinations,
now including direct routes into
Colombia, Honduras, China, Qatar,
the United Arab Emirates, and Canada.
• DFW International is the world’s third
busiest airport, offering 1,850 flights
per day and serving more than 60
million passengers each year.
• Every major city in the continental
United States can be accessed within
four hours from DFW Airport, and 148
domestic non-stop flights are available.
Source: Dallas/Fort Worth International Airport Public Affairs
Office, contacted April 2015
Dallas Love Field
• Distance from Flower Mound: 25 miles
• Dallas Love Field is served by
Southwest Airlines, Virgin America
Airlines, United Airlines, Seaport
Airlines, and Delta.
• Dallas Love Field transports almost 7
million passengers per year.
Source: Dallas, Texas Love Field Airport Online, accessed
April 2015
• Southwest Airlines maintains its
corporate headquarters at Dallas Love
Field and Dallas is a major focus city for
the airline.
Source: Southwest Airlines, contacted April 2015
• Within the past 18 months, Dallas
Love Field has completed a $519M
expansion and added more than 27
new daily flights.
Source: US Today Online, accessed April 2015
Race Classifications
Race
Percentage
White Alone
82.33%
Black or African American Alone
3.08%
Source: Alliance Texas, Alliance Airport Online, accessed
April 2015
Population by Employment
2015 Population
66,820
Private Sector
73.65%
Male
49.60%
26.32%
Female
50.40%
Government, Non-Profit, Self-Employed
Unpaid Family Workers
American Indian and Alaska
Native Alone
0.56%
Asian Alone
10.2%
Native Hawaiian and Other
Pacific Islander Alone
0.06%
Some Other Race Alone
1.48%
Two or More Races
2.28%
Alliance Airport
• Distance from Flower Mound: 5 miles
• Fort Worth Alliance Airport is the
world’s first 100% industrial airport
designed for cargo, corporate, and
military aviation.
Residential Population
Households
2000 Census
17,166
2010 Census
21,056
2015 Estimate
22,633
2020 Projection
24,283
Median Age
38.7
Average Age
36.2
Sources: NCTCOG Demographic Information: American
Communities Survey, accessed April 2015, & Nielsen-Claritas 2015
Demographic Data, purchased March 2015
Population by Employment
(Top 10 Occupations)
Occupation
Percentage
Management
18.37%
Residential Population
Sales/Related
15.14%
Age
Office/Admin. Support
10.76%
Percentage
0–17
28.18%
18–24
9.91%
25–44
45–64
65+
Business/Financial Operations
8.68%
Education/Training/Library
7.10%
20.88%
Computer/Mathematical
6.98%
33.25%
Health Practitioner/Technician
5.85%
Transportation/Moving
4.18%
Maintenance Repair
3.20%
Food Prep/Serving
2.89%
7.78%
Educational Attainment
(Ages 25+)
Households by Income
Average Household Income
$142,903
Median Household Income
$117,874
Total Population with PostSecondary Education
85.52%
2014 Home Purchases
Under $99,999
Households by Income
76
$200,000 - $299,999
131
Percentage
$300,000 - $399,999
110
Less than 9th Grade
0.76%
$400,000 - $499,999
68
Some High School, no diploma
1.56%
$500,000 and up
73
Level
Income
Percentage
$0–49K
12.92%
$50–74K
12.94%
$75–99K
13.92%
$100–149K
26.60%
$150–199K
15.79%
$200K+
17.83%
1
$100,000 - $199,999
Educational Attainment
24 hour traffic counts
0.03%
High School Graduate/GED
12.16%
Some College, no degree
21.68%
Associate/Bachelor’s Degree
47.58%
Graduate/Professional Degree
16.26%
Source: Denton County Central Appraisal District ‘Sales Search,’
accessed April 2015
2014 Home Purchases
Median Home Value
$295,494
November 2, 2013
Note: Percentages may not add to 100% due to rounding.
Unless otherwise noted, Source: Nielsen-Claritas 2015 Demographic Data, purchased March 2015
3 | Flower Mound Economic Development
4
Flower Mound Economic Development | Denton County is currently excelling in the fields of
Construction, Manufacturing & Trade, Transportation &
Utilities, Financial Activities Group, Education, and
Health Services, when compared to the State.
labor force
Source: Texas Workforce Solutions
Denton County Narrative, accessed April 2015
Labor Supply
Majorly situated in Denton County, ranked the 9th largest county in the State of Texas based on population, the Town of Flower Mound
offers an employment draw that includes not only a local resident population of 66,820, but also a substantial county and Metroplexwide workforce to fulfill any need.
• 72.8% of the Denton County workforce has post-secondary education, compared to 55.4% for the State of Texas.
• Denton County offers a relatively young workforce with an average age of 33.6 and approximately 63% of the total population between
20–64 years of age.
• Approximately 8.7% of the eligible workforce in Denton County is made up of skilled veterans.*
• The average unemployment rate 2014: 4.0%**
• Assistance with Skills Development Fund and Skills of Small Business Program grants is available.
• An active Flower Mound Chamber of Commerce can connect members with SCORE assistance for all of your business needs.
*
Source: Texas Workforce Solutions Denton County Narrative Profile, accessed April 2015
Source: Texas Workforce Commission TRACER 2/Labor Market & Career Information, accessed April 2015
**
Key Occupations & Wages in
Denton County
Top Employers in Flower Mound
†
500+
Communication Test Design, Inc., Lewisville ISD†, MI Windows & Doors, Texas Health
Presbyterian Hospital Flower Mound
300–499
Stryker Communications, Town of Flower Mound
100–299
Best Buy Distribution & Service Center, CustomInk, FUNimation Entertainment, HD
Supply, Ivie & Associates, KeHE (formerly Nature’s Best), Owens & Minor, Inc., Premier
Manufacturing, Whitlock
50–99
BNSF Logistics, Cardiovascular Specialists, PA, Continuum Rehabilitation Hospital or
North Texas, Cross Timbers Rehab & Healthcare Center, Home Depot, Kohler, Kroger
(2 Flower Mound locations), Lifetime Fitness, Lowe’s Home Improvement, Mohawk
Industries, Orthopedic Associates Flower Mound & Lewisville, Signature Systems Group,
Rent-A-Center National Product Service, ThermoTek, Inc., Texas Roadhouse, Tom Thumb
(4 Flower Mound locations)
Physicians & Surgeons
$188,032
Chief Executives
$180,717
Architectural & Engineering
Managers
$133,194
Computer & Information
Systems Managers
$132,422
Financial Managers
$121,225
Sales Managers
$120,138
Lawyers
$109,901
Source: Texas Workforce Commission SOCRATES 2020 data,
accessed April 2015
Flower Mound office & schools only
Economic Indicators
Unemployment Rates
9
Occupational
Categories
8
7
Percentage
of Denton
County
Workforce
Management & Professional
42.0%
6
Service
28.9%
5
Sales & Office
13.2%
4
3
Flower Mound
Denton County
Tarrant County
MSA
Source: Texas Workforce Commission TRACER 2/Labor Market & Career Information, accessed April 2015
Construction & Extraction
8.7%
Production & Transportation
7.2%
Texas
$142,903
average household income
5 | Flower Mound Economic Development
Source: Nielsen-Claritas 2015 Demographic Data,
purchased March 2015
Exemplary Schools
quality of life
Lewisville Independent School District
their commitment to exceptional public
Most of Flower Mound is served by
education in all they do.
Lewisville Independent School District
(LISD), with Argyle, Denton, and
For more information on LISD schools,
Northwest ISDs present in small areas of
visit www.lisd.net.
the Town. LISD encompasses more than
127 miles and serves over 52,000 students.
With the Texas Education Agency assigning
LISD Flower Mound Schools
more than 55 LISD schools an Exemplary
rating, and with 6 National Blue Ribbon
Current Student Enrollment
19,141
Schools of Excellence awards, the highest
Campuses in Flower Mound
25
designation a school can earn from the
United States Department of Education,
Source: Lewisville Independent School District, LISD Demographic
LISD proves
Study, accessed April 2015
Best P lac e t o L i v e
• No. 9 on America’s 50 Best Cities to Live
poll conducted by 24/7 Wall St. and No. 1 in
Texas in 2014.
North Central Texas College
For local employers looking for a specific
Flower Mound is proud to feature a
workforce need, the Flower Mound
32,000-square-foot North Central
Economic Development Office and
Texas College (NCTC) extension
campus right in the heart of Parker
NCTC are able to work toward tailored
programming to fit those needs.
Square. With a Fall 2014 enrollment of
approximately 2,000, students at the
The NCTC campus in Flower Mound
Flower Mound NCTC campus can enjoy
is also home to a Small Business
programs including:
Development Center (SBDC), which
provides free, professional consulting
• Workforce & Technical Education
services to individuals looking to start
• General Education
or grow their small business. Various
• Continuing Education
management training opportunities,
seminars, and information are available at
• Developmental Education
no cost to participants and can provide a
• Community Education
leading edge to private employers.
• Student Development
Best Fa mi ly -Fr i end ly Ci t y
• North Texas Child Magazine named
Flower Mound the Best City or Suburb
to Raise Children in 2014 for the fourth
consecutive year.
• University transfer credit coursework
Source: North Central Texas College, accessed April 2015
Other Area Colleges and Universities
Approximately 28 four-year colleges and
Additionally, there are more than 20 twouniversities are located within 50 miles
year/community colleges located within
of Flower Mound, including the 25th
50 miles of Flower Mound, providing a
largest university in the United States,
wide variety of specialized training and
the University of North Texas (Fall 2014
certification programs for almost any
enrollment: 36,216), and the 3rd most
workforce need.
diverse university in the State, Texas
Source: The College Board Online, accessed April 2015
Woman’s University (Fall 2014 enrollment:
15,075), both located in Denton.
• No. 8 on D Magazine’s bi-annual Best
Suburbs list for the third consecutive time,
published July 2014.
Best P lac e t o Wo r k
• CNN Money Magazine ranked Flower
Mound No. 2 Best Place to Find a New Job
in the country for 2014.
• No. 1 in Texas and No. 12 in the nation on
the Top Earning Towns list, also reported
by CNN Money Magazine in 2014.
Ex c ellent P u bli c S a f et y
• No. 1 Safest City in Texas, and No. 17 in the
nation, ranked by security analytics company
Neighborhood Scout.
• One of only 21 municipal law enforcement
agencies in Texas to be honored with
the Advanced Law Enforcement ReAccreditation certification from the
Commission on Accreditation for Law
Enforcement Agencies in 2014.
O u t sta nd i ng Pa r k s & O u t d o o r s
• One of 7 municipalities in Texas recognized
as a Platinum-Level Certified Scenic City
by the Scenic City Program in 2014.
• An Arbor Day Foundation certified Tree City
USA for the 20th consecutive year in 2014.
Best P lac e t o P lay
• The Texas Recreation and Park Society
awarded the Town the Gold Medal Award
for Excellence in Parks and Recreation
Management in 2015.
• 80,000-square-foot Community Activity
Center, complete with an indoor and
outdoor pool
• New Senior Activity Center opened in 2015
offers a robust program schedule
• Award-winning golf courses Bridlewood and
Tour 18 in town, and near more than 150
courses in DFW.
• 3 equestrian centers: Bridlewood Stables
& Equestrian Center, Flower Mound
Equestrian Center, and Summer Hill Farms.
6
Flower Mound Economic Development | Development
over 250
Retailers and
Restaurants Medical Office Development
Flower Mound has a growing medical and healthcare sector that offers many widely-needed services to the Town and to Denton County.
Texas Health Presbyterian Hospital Flower Mound opened in 2010 in the heralded, mixed-use development, The River Walk at
Central Park, and has already undergone a 19,000-square-foot expansion that includes 4 new operating rooms and 28 prep and recovery
beds. The hospital also opened a Women’s Imaging Center in 2014, providing some of the most technologically-advanced breast cancer
screening options available in North Texas.
Development
Lakeside Business District
Great care was taken to develop the southeastern portion of Flower Mound into a thriving commercial business district, taking advantage
of the 3-mile proximity to the DFW Airport and major infrastructure. The Town of Flower Mound invested $25 million in public
improvements into the Lakeside Business District, including water and sewer extensions and new road construction.
A couple of additional notable medical developments include:
The Lakeside Business District has 9 business centers within its boundaries: Cornerstone, Corporate Ridge, Flower Mound Business
Park, Lakeside Commerce Center, Lakeside DFW, Lakeside International, Lakeside Ranch Business Park, Lakeside Trade Center, and
the new Parkview Commerce Center.
• River Walk Medical Park, developed by Rainier Medical Investments and located within The River Walk at Central Park. This 21-acre
medical campus compliments the state-of-the-art hospital and provides exceptional space for a variety of healthcare services.
Several notable developers, including Champion Partners, Crow Holdings, Duke Realty, EastGroup Properties, Exeter Property Group,
Granite Properties, Hillwood, Huntington Industrial, Industrial Property Trust, LNR, and others, have already invested in Flower Mound.
• Flower Mound Medical Village, located one-quarter mile from the hospital, is home to a number of practices already providing highquality patient care and offers premier frontage visibility to FM 2499.
More than 45 businesses are currently operating in the district, including:
• Caddis Partners purchased a 5-acre site south of Windsor Lane along the booming FM 2499 corridor and has developed the stunning
Prairie View Medical Plaza, a 42,000-square-foot medical office building.
Stryker Communications
Best Buy Distribution
Ivie & Associates
HD Supply
• Signature Senior Living opened the 54,000-square-foot Rosewood Assisted Living & Memory Care along FM 2499, Continuum
Rehabilitation Hospital of North Texas provides comprehensive, patient-centered rehabilitation services to patients, and the
64,000-square-foot Cantex Continuing Care Center nursing facility opened in 2014.
CustomInk
Whitlock (regional HQ)
Mohawk
FUNimation (corporate HQ)
Signature Systems Group (corporate HQ)
ThermoTek (corporate HQ)
BNSF Logistics (global HQ)
Home Depot (retail store)
Office Properties
Flower Mound has a variety of office space available, ranging in size, location, and design. New Class A office space is planned for 2015
and will offer upscale amenities for tenants, accommodating the needs of a small start-up or a major corporate headquarters.
From the convenient accessibility of DFW International Airport from the Lakeside Business District, to the majestic Fountain Park
located on FM 2499, to the quaint character of Parker Square adjacent to FM 1171, to the mixed-use, master planned River Walk
Professional Park inside of The River Walk at Central Park, to the beautiful lake views of the Lakeside DFW development, you are sure
to find a site suitable for your business needs in Flower Mound.
As of January 2015, the Lakeside Business District boasted a 99% occupancy rate and major developments by Huntington Industrial and
EastGroup Properties were currently underway, adding approximately 750,000-square-feet in new space to the district.
For more information about the Lakeside Business District and available land, built-to-suit, and square footage options, log on to www.
flower-mound.com/econdev under ‘Sites and Districts.’
Available commercial properties can be accessed on the web at www.flower-mound.com/econdev under ‘Commercial Property Search.’
Lakeside DFW
Lakeside DFW is a $1 billion, 150-acre, Mediterranean-style mixed-use development
overlooking Lake Grapevine in southern Flower Mound. Lakeside DFW is designed to
provide a mix of retailers, lake-view restaurants, offices, and residential opportunities
linked by trails, parks and open spaces.
Lakeview restaurants are a key component of the project, which is located along the
northeast show of Grapevine Lake, offering stunning views from friendly patios and
resident balconies. Among the businesses already slated for Lakeside DFW: Carvao
Prime Brazilian Steakhouse, Paradise Bistro & Coffee Co., Taverna Del Lago, Bottle
& Bottega, Elite Pups Luxury Dog Daycare & Spa, Majestic Nail Spa, The Lodge
Barbershop, Amber Michelle Salon, and more.
Retail / Restaurant Development
With continued population growth, an average household income of $142,903 and several residential developments under construction or
planned, Flower Mound is an ideal location for business. More than 250 retailers and restaurants are already located in Flower Mound.
Based on the Town’s desire to attract new quality retailers and restaurants, the Flower Mound Economic Development Office conducted
a survey in 2013 to determine resident shopping and dining preferences. To view the top 25 most requested retailers and restaurants, log
on to www.flower-mound.com/2013surveyresults.
New top retailers and restaurants to Flower Mound include: La Madeleine, Mod Market, Pie Five, Snap Kitchen, Gloria’s Latin Cuisine,
Bed, Bath, & Beyond, Mellow Mushroom, Luna Grill, Penn Station East Coast Subs, Smashburger, Black Walnut Café, The Table,
Salata, Taco Ocho, Jakes Burgers, Carvao Prime Brazilian Steakhouse, Starwood Café, Academy Sports + Outdoors, Prime Farm to Table,
and many more. For a monthly listing of new Flower Mound businesses, go to www.flower-mound.com/econdev.
7 | Flower Mound Economic Development
Marking the beginning of construction on the Town’s first mixed-use development,
Realty Capital Management representatives, along with Flower Mound officials,
participated in a special groundbreaking ceremony in April 2013. Already, housing
including condos and townhomes have been constructed and are being enjoyed by
residents, shops are beginning to open, and the upscale Moviehouse & Eatery, the Town’s
first movie theater, will open summer 2015. Lakeside DFW is beginning to burst to life as
the initial phase of construction is completed and the future is bright for those who are
part of this exciting development.
More information can be accessed at www.lakesidedfw.com.
10 minutes
from anywhere
in the world!
Development
Incentives & Resources
River Walk at Central Park
The River Walk at Central Park is a 158-acre mixed-use development that integrates commercial, office, retail, dining, medical, and
residential uses in a variety of building types. It is anchored by Texas Health Presbyterian Hospital Flower Mound and located along one
of the major development corridors in Town, easily accessible from any part of the DFW Metroplex.
Incentives
The Town of Flower Mound is committed to the attraction of high quality development in all parts of the community in order to expand
and diversify the tax base. As such, the Town will, on a case-by-case basis, give consideration to providing financial incentives as a
stimulus for economic development. The Town can offer the following economic development incentives:
The River Walk will offer walkable shopping, dining, art, entertainment, and more along a majestic flowing river. A restaurant row will
feature Sfuzzi and Primo’s Tex-Mex Grille, plus over a dozen restaurants, with a shared patio right on the waterfront. In 2014, highlyrequested restaurants La Madeline, Luna Grill, and Mellow Mushroom were added to the nearby River Walk Market.
• Tax abatements
• Fee waivers
• Triple Freeport Exemption
• Tax rebates
• Relocation assistance
• Tax Increment Reinvestment Zone
• Sales tax sharing
• Training assistance
Additional amenities include a public amphitheater, beautiful stone chapel, pedestrian bridges across the water, public art sculptures, a
farmer’s market, central promenade, more than 46.5 acres of parks and open spaces, and much more.
• Infrastructure reimbursements
• Expedited processing
Adding to the many exciting features of The River Walk, Rainier Medical Investments and DePalma Hotels & Resorts announced plans to
build the Town’s first hotel within the development, a Courtyard by Marriott. The five-story, 145 room, upscale hotel will feature more
than 6,000-square-feet in meeting and conference space, a restaurant and bar, outdoor fire pits, balconies overlooking the river and
amphitheater, and many high-end finishes to ensure a luxurious experience for guests.
To view the Town of Flower Mound’s Economic Development Incentive Policy and Application, visit www.flower-mound.com/incentive policy.
The Town’s Economic Development office will also provide assistance to businesses wishing to pursue economic development incentives
from the State of Texas or Foreign Trade Zone designation under the service area for U. S. FTZ No. 39. For more information about
incentives provided by the State of Texas, visit www.texaswideopenforbusiness.com.
More information can be accessed at www.riverwalkflowermound.com.
Business Resources
Water Supply
Water Supplier: Town of Flower Mound
Cable Television
Grande Communications: 877-238-6891
Water Source: Upper Trinity Regional Water
District/Dallas Water Utilities
Time Warner: 888-892-2253
Treatment Type: Surface Water
Max Daily System Capacity: 41,000,000 GPD
Natural Gas
Atmos Energy: 888-286-6700
Average Daily Consumption: 13,100,000 GPD
CoServ: 800-274-4014
Storage Capacity: 21,500,000 GPD
Waste Water Treatment
Treatment Supplier: Town of Flower Mound
Treatment Type: Municipal (Activated Sludge)
Treatment Capacity: 10,000,000 GPD
Average Daily Flow: 4,660,000 GPD
Denton Creek District
Flower Mound has designated approximately 1,500 acres in the west end of Town for mixed-use residential and commercial
development. The Denton Creek District is located along I-35W, U.S. 377, and FM 1171, and emphasizes high quality, regional,
commercial and industrial development, as well as mixed office, retail, and residential uses.
Canyon Falls
Canyon Falls is a 1,242-acre master-planned community within the Denton Creek District, located in the towns of Flower Mound,
Northlake, and Argyle. Approximately 626 acres of the development is in Flower Mound. Tentative plans for the mixed-use residential
community design include unique village types based on natural features prominent in that area. Commercial and retail space will be
available toward the west and northwest part of the property near I-35W. A Flower Mound fire station and Denton County building will
also be located within Canyon Falls.
For more information about the Denton Creek District and Canyon Falls, log on to
www.flower-mound.com/econdev under ‘Sites and Districts.’
9 | Flower Mound Economic Development
Max Daily Flow to Date: 8,410,000 GPD
Contact
Utility Services Manager: (972) 874-6404
For water rates, see website at www.flowermound.com/index.aspx?NID=260
To connect utilities online: www.2turniton.com
Electric Transmission and
Distribution Companies
CoServ: 800-274-4014
ONCOR: 888-313-6862
Telephone/Fiber Optics
AT&T: 888-944-0447
Grande Communications: 877-238-6891
10% increase in job
growth since 2010
Verizon: 800-922-0204
Verizon: 800-922-0204
Trash & Recycling
Waste Management: 972-315-5400
Alliance Airport
http://www.allianceairport.com/
800-318-9268 / 817-890-0000
Dallas Regional Chamber of Commerce
http://www.dallaschamber.org/
214-746-6600
Denton Central Appraisal District
http://www.dentoncad.com/
940-349-3800
Denton County, Building &
Development Permits
http://dentoncounty.com/
940-349-2990
DFW International Airport
http://www.dfwairport.com/
972-973-3112
Flower Mound Chamber of Commerce
http://www.flowermoundchamber.com/
972-539-0500
Lewisville Independent School District
http://www.lisd.net/
469-713-5200
SBA – Small Business Administration,
Dallas/Fort Worth Chapter
http://www.sba.gov/
817-684-5500
SBDC – Small Business Development
Center, North Central Texas College:
Flower Mound Campus
http://www.nctc.edu/SmallBusiness.aspx
972-899-8420
SCORE Service Corps of Retired Executives,
Dallas Chapter
http://www.score.org/
214-987-9491
State of Texas – Economic Development
http://www.texaswideopenforbusiness.com/
512-936-0100
Tarrant County
http://www.tarrantcounty.com/
817-884-1111
Tarrant Appraisal District
http://www.tad.org/
817-284-0024
Town of Flower Mound
http://www.flower-mound.com/
972-874-6000
10
Flower Mound Economic Development | Mark Wood
Director of Economic Development
[email protected]
972-874-6045
Alora Wachholz
Economic Development Specialist
[email protected]
972-874-6044
Town of Flower Mound Economic Development
2121 Cross Timbers Road • Flower Mound, TX 75028
972-874-6044
www.flower-mound.com/econdev
Data for the Economic Development Profile was updated in spring 2015 and has been compiled from sources
deemed reliable. The Town gives no guarantee or certification as to the accuracy of the information provided.