Page 154 - BudgetBookCover_FY26_Adopted.pdf

Economic Development

Introduction

The Economic Development Department leads efforts to attract and retain businesses in Grand Prairie, helping grow jobs and
strengthen the local economy. The department supports existing businesses through its Business Retention & Expansion (BRE)
program and works to recruit new companies by showcasing the city’s location, transportation access, and skilled workforce.

Staff collaborate with developers, brokers, and regional partners to bring in new retail, office, industrial, and hospitality projects. From
helping small businesses navigate local processes to working with national brands on major relocations, the department plays a key
role in expanding the tax base and promoting long-term economic sustainability. With a focus on job creation and business growth,
Economic Development supports projects that enhance Grand Prairie’s competitiveness and quality of life.

$1.25M
Revenues
$800
$1M Personnel
Non-Operating Ex…
Operating Expens…
$750K
$600
$500K
$400
$250K

$200 $0

-$250K
2023-24 2024-25 2024-25 2025-26
$0 Actuals - Modified Projections - Adopted
2023-24 Actuals - 2024-25 Modified 2024-25 Projections - 2025-26 Adopted FY2024 Budget - FY2025 Budget -
FY2024 Budget - FY2025 FY2025 Budget - FY2026 FY2025 FY2026
Data Updated: Oct 17, 2025, 5:54 AM Data Updated: Oct 17, 2025, 5:54 AM

Department Summary

2024-25 2025-26
2023-24 MODIFIED 2024-25 2024-2025 ADOPTED
ACTUALS BUDGET ACTUALS YTD PROJECTIONS BUDGET
Modified vs. Modified vs.
FY2024 FY2025 FY2025 FY2025 FY2026
Adopted % Adopted $
Operating Revenues
Charges For Services $700 – – $0 $0 – $0
OPERATING $700 – – $0 $0 – $0
REVENUES TOTAL
Total Revenues $700 $0 $0 $0 $0 – –
Operating Expenses
Personnel Services $622,364 $648,163 $645,648 $650,001 $732,748 13.1% $84,585
Interdepartmental $13,438 – – $0 $0 – $0

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