Page 232 - Hurst Adopted FY22 Budget

APPROVED FISCAL YEAR 2022 BUDGET

Mission Statement

he Economic Development Division uses innovative and business

T friendly strategies to attract, retain and promote existing and new com-

mercial development within the city in an effort to ensure Hurst remains a

vibrant community.

Prior Year Results Prior Year Results Cont.

h 132 new businesses occupying 433,647 sq. ft. opened h Worked with the local general manager and nation-

in Hurst over the last 12 months al leasing representative of North East Mall, which
h 94%, or 6.2 million sq. ft., of the 6.6 million sq. ft. in began 2021 at 95% occupied with five new store

total retail inventory is now occupied openings
h $40,212,000 in new commercial construction occurred h Worked closely with Epic Realty and the redevelop-

over the year ment construction of Sprouts Crossing was complet-
h Worked with existing businesses on Federal Stimulus ed

Fund opportunities offered during COVID-19 h Completed the redevelopment of Mid-Cities and
h 627 Hurst businesses received Federal Stimulus loans/ Hwy 26 with new construction

grants, 106 received Tarrant County Small Business h Worked closely with the real estate representative
Grants and owner of Pipeline Village and helped secure two

h Secured a Hurst landlord to fund a packaged liquor national tenants, Hobby Lobby and Tuesday Morning
store petition that met with 71% citizen approval and h 694 new families moved to Hurst purchasing existing

have helped find locations for four new liquor stores single-family residences at an average sales price of
h Specific Implementation Recommendations of the $279,645, a 9% increase over the year before

Hurst Sustainability Plan were achieved h The Hurst Conference Center adjusted after the
h Thirteen new restaurants spread evenly between pandemic shutdown and generated considerable

north and south Hurst opened revenue and extreme goodwill by hosting the Tarrant
County vaccination site generating over 200,000

vaccinations

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