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Moundflower Texas

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Moundflower Texas MOUNDFLOWER TEXAS ECONOMIC DEVELOPMENT PROFILE Denton Municipal Denton Airport 35E LOCATION 35W ABOUT FLOWER MOUND 35E Lake Lewisville Sam Rayburn Tollway Dallas North Tollway Centrally located in the Dallas-Fort Worth Metroplex, the Town of 35W Flower Mound has what your business needs to succeed and grow, including accessibility, low business costs, extensive infrastructure, a Sam Rayburn Tollway Flower Mound is a family-oriented community that prides itself on 114 Flower 35E highly-skilled workforce, and an exceptional quality of life. Mound President George Bush Turnpike Alliance 35W Lake Grapevine maintaining a small-town atmosphere while embracing and fostering Airport 114 121 President George Bush Turnpike a dynamic economic development environment. Incorporated in Addison 121 Airport 287 1961, Flower Mound is a master-planned community encompassing 114 35E 635 121 approximately 46 square miles, with a population of . 635 68,050 35W 75 DFW 635 Airport 121 360 35E Development and business activity in Flower Mound is thriving! 161 Dallas North Tollway 820 121 183 Love 30 More than 1,250 businesses, including many major employers and Field 820 35W 360 161 national firms, call Flower Mound home and are supported by an 12 30 121 80 active Chamber of Commerce. Flower Mound’s strategic central 30 Dallas 30 30 location, low tax rate, excellent school system, and unsurpassed Fort 35E 635 30 30 Worth 820 45 408 175 360 quality of life continue to garnish national recognition, and the 820 287 20 20 close proximity to DFW International and Alliance Airports has 35W 67 20 35E 45 175 greatly influenced the Town’s economic conditions. 20 20 20 20 Flower Mound Tarrant County Texas Convenient Access and Close Commercial Water Rates Professional Workforce • Flower Mound is located in north • A small area just above the southern • For the 4th year in a row, and the 7th Proximity to Customers/Clients • Commercial water rates are based on • More than 85% of the adult population central Texas at the southern edge of boundary of Flower Mound is located in time overall, Texas was the recipient • Centrally located between Dallas and usage after first 2,000 gallons and range has post-secondary education, offering Denton County, between Grapevine Tarrant County. Tarrant County’s 2014 of Site Selection Magazine’s 2015 Fort Worth, just minutes from DFW from $3.75–$6.08 per thousand gallons. employers some of the highest skilled Lake and Lewisville Lake. estimated population is 1,982,498. Governor’s Cup, an annual award International Airport. workers in North Texas. given to the state with the most new • Flower Mound is only three miles Source: United States Census Bureau, State & County • Easy access to I-35, I-635, SH 121, and Cost of Living • The average household income reported QuickFacts, accessed August 2016 and expanded corporate facilities north of Dallas/Fort Worth (DFW) SH 114, through major thoroughfares • Flower Mound residents enjoy a for 2016 is $153,328. announced over the previous year. International Airport, making it, “ten FM 1171, FM 2499, FM 3040, and property tax rate that has not been Source: Nielsen-Claritas 2016 Demographic Data, purchased minutes from anywhere in the world.” Dallas/Fort Worth (DFW) Source: Site Selection Magazine, accessed August 2016 U.S. 377. increased, only lowered, in more than June 2016 • The Town is 28 miles northwest of Dallas • The Dallas-Fort Worth-Arlington, TX • Forbes named The Lonestar State • Direct flight times from DFW 30 years; lower than 11 of 13 benchmark • Approximately 80% of the general and 25 miles northeast of Fort Worth. Metropolitan Statistical Area (MSA) is as #1 in the country in Economic International Airport to nearly any city communities in North Texas. population are considered to hold white comprised of 12 counties encompassing Climate with the second-fastest job and in the continental United States in four • Single-family housing from collar occupations. two metropolitan divisions: Dallas- economic growth over the past five years hours or less. $100K–$2M. Source: Nielsen-Claritas 2016 Demographic Data, purchased Denton County Plano-Irving on the east and Fort in the Best States for Business study, • Central time zone location extends Source: Denton County Appraisal District, accessed August 2016 June 2016 • Denton County is one of 254 counties Worth-Arlington on the west. published in October 2015. in Texas and includes approximately the working day for companies doing Source: Forbes 2015 Best States for Business Study, accessed 878 square miles and all or part of 47 • The DFW Metroplex has a population business on both coasts. Low Tax Rates of approximately 6,810,913, with an August 2016 Excellent Infrastructure municipalities within its boundaries. • Flower Mound continues to invest average growth of 1 new resident every • For 11 consecutive years, Chief Executive Sales Tax Rate • Denton County’s estimated 2015 5 minutes. Magazine has recognized Texas as the Low Business Costs in road improvements, water and population is 780,612. • Commercial property ranges from sewer projects, and work with Town of Flower Mound 2.00% • North Texas is currently the fourth best state in the nation in which to do Source: United States Census Bureau, State & County $2.00–$18.00+ per square foot. telecommunication providers to install fastest growing region in the country business. State of Texas 6.25% QuickFacts, accessed August 2016 Source: CoStar Realty, accessed August 2016 state-of-the-art services. with a 3.6% job growth rate, which out- Source: Chief Executive Magazine, accessed August 2016 • The Town’s first Tax Increment Total 8.25% paces the nation’s current 2.1% rate. • Texas was named the top state in • Multiple opportunities for site development. Reinvestment Zone (TIRZ) was Source: North Texas Commission Annual North Texas Profile, the country for overall business 2016–17 Tax Rate Denton Tarrant accessed August 2016 established in 2005 and provides environment for the sixth year in a row, • All Lakeside Business District properties dedicated funds for public (per $100 assessed valuation) County County in Area Redevelopment Magazine’s offer Triple Freeport Inventory Tax infrastructure along the FM 2499 Town of Flower Mound $0.439 $0.439 survey of location consultants. Exemption. corridor. The TIRZ consists of 1,465 Source: Area Development Magazine 2015 Top States for Doing acres and ad valorem tax revenue Lewisville ISD $1.42 $1.42 Business Survey, accessed August 2016 collected will fund improvement County $0.262 $0.264 projects over a 20-year period. Other (Hospital/ N/A $0.372627 68,050 College District) Total $2.107409 $2.495627 Flower mound Population Flower Mound Economic Development | 2 ACCESSIBILITY DEMOGRAPHICS Major Thoroughfares • DFW International Airport offers an • Dallas Love Field transports almost 7 • Major State & county roads serving area: extensive route network, with nonstop million passengers per year. Race Classifications Residential Population Population by Employment FM 1171, FM 2499, FM 3040, FM 407 service to 56 international destinations, Source: Dallas, Texas Love Field Airport Online, accessed Race Percentage 2016 Population 68,050 Private Sector 73.6% • Federal Highway serving area: U.S. 377 now including direct routes into August 2016 Colombia, Honduras, China, Qatar, White Alone 81.83% Male 49.52% Government, Non-Profit, • Southwest Airlines maintains its 26.34% • Easy access to nearby Interstate and State the United Arab Emirates, and Canada. Self-Employed Highways: I-35E, I-35W, I-635, SH corporate headquarters at Dallas Love Black or African American Alone 3.09% Female 50.48% • DFW International is the world’s third Field and Dallas is a major focus city for Unpaid Family Workers 0.07% 121, SH 114 American Indian and Alaska Median Age 39.2 busiest airport, providing more than the airline. 0.56% Native Alone • The Texas Department of 1,850 flights per day and serving more Source: Nielsen-Claritas 2016 Demographic Data, purchased Source: Southwest Airlines, contacted August 2016 Average Age 36.9 March 2016 Transportation approved $90 million than 66 million passengers a year. Asian Alone 10.65% to extend the DFW Connector project • Dallas Love Field recently completed a Sources: NCTCOG Demographic Information: American • Every major city in the continental Native Hawaiian and Other into Flower Mound, creating a direct $519M expansion and added more than 0.06% Communities Survey, accessed August 2016, & Nielsen-Claritas Pacific Islander Alone non-stop route from Flower Mound to United States can be accessed within 27 new daily flights. 2016 Demographic Data, purchased June 2016 four hours from DFW Airport, and 148 Population by Employment DFW International Airport. Source: Dallas, Texas Love Field Airport Online, accessed Another Race Alone 1.48% (Top 10 Occupations) domestic non-stop flights are available. August 2016 Two or More Races 2.33% Source: Dallas/Fort Worth International Airport Public Affairs Occupation Percentage Air Service Office, contacted August 2016 Residential Population Alliance Airport Dallas/Fort Worth (DFW) International Management 18.97% • Distance from Flower Mound: 5 miles Age Percentage • Distance from Flower Mound: 3 miles Dallas Love Field Sales/Related 13.22% • Fort Worth Alliance Airport is the • Passenger airlines: 10 Domestic, 16 • Distance from Flower Mound: 25 miles 0-17 26.97% world’s first 100% industrial airport Households Office/Admin. Support 10.74% Foreign Flag • Dallas Love Field is served by designed
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