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DeSoto, Texas

DeSoto, Texas. DeSoto Economic Development Corporation. Updated March 2013. DeSoto Advantages. Developed Industrial Park Low Cost Land Prices Convenient Interstate & Highway Access Dynamic & Growing Local Economy Plentiful Labor Supply Aggressive & Flexible Incentives. “.

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DeSoto, Texas

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  1. DeSoto, Texas DeSoto Economic Development Corporation Updated March 2013

  2. DeSoto Advantages • Developed Industrial Park • Low Cost Land Prices • Convenient Interstate & Highway Access • Dynamic & Growing Local Economy • Plentiful Labor Supply • Aggressive & Flexible Incentives

  3. “ The City of DeSoto, TX is located in the Central Time Zone in southern Dallas County. DeSoto is part of the Dallas/Fort Worth Metroplex, which consists of twelve counties and over 200 cities and towns, including Dallas and Fort Worth. The DFW Metroplex is home to 5.7 million people and covers 9,249 square miles. Its economy is one of the healthiest in the country due to its central location, DFW International Airport and other transportation resources, 22 Fortune 500 company headquarters, and an extremely diversified economic base. • ”

  4. 4 Growth

  5. DeSoto Age & Education DeSoto Schools

  6. Area Demographics DeSoto Heliport Coming 2013 Sources: Equifax/NDS Estimates; City of DeSoto, TXDOT

  7. DeSoto Incentives Economic development incentives are used to encourage industrial and commercial retail/office business growth and development in DeSoto. • Fast-Track Permitting • Tax Abatement • Triple Freeport Equivalency • Infrastructure Participation • Sales Tax Rebates • Economic Development Cash Grants

  8. Tax Rates • The State of Texas levies a sales tax of 6.25% on the sale of tangible personal property and taxable services. Certain specific exemptions apply. • In 1994, the City of DeSoto voted to levy an additional 1.00% sales tax to be allocated for property tax relief, new park projects and economic development.

  9. Utilities

  10. Community Services

  11. Source: 2011 Texas Retail Survey May 29, 2013

  12. Performance Rank • Ranking of the percentage of growth in retail sales for the most recent year that actual date is available. The rankings range from 1(highest) to 5(lowest) • Growth Persistence • An evaluation of a city’s ability to consistently out-perform statewide growth trends. • Relative Strength Ratio • Measurement of the five-year sales growth (2005-2010) trend in a city compared to the sales growth trend statewide. • An index of 1.13 can be interpreted as meaning that during the past five years, retail sales in the city grew 13 percentage points faster than the statewide average. • Sales Rank • Ranking based on the total retail sales in the city, as of the most recent year in which data is available. For cities ranking ranges from 1(highest) to 323(lowest). Source: 2011 Texas Retail Survey May 29, 2013

  13. Dallas Property Clock • South Dallas is primarily a bulk distribution submarket, making the overall average asking rate below the other submarkets. • DFW is a Top 5 industrial market for the US and as such there is a strong demand for investment opportunities within the market. DeSoto Average Rental Rate Source: Jones Lang Lasalle Dallas 1st Quarter Outlook May 29, 2013

  14. Demand for manufacturing space has seen a slight uptick along with hiring. Still warehouse and distribution space is the driving force of the market, with strong overall population and job growth numbers. • DFW is expected to continue to see strong demand from consumer-based companies (Home Depot, Kohl’s and similar companies). • The down market has driven down values of industrial properties, which has created an opportunity for companies to purchase properties in lieu of leasing. Source: Jones Lang Lasalle Dallas 1st Quarter Outlook May 29, 2013

  15. Community Leaders DeSoto EDC Board of Directors • President: Michael Hurtt • Vice President: Lucious Williams • Board Director: Perry Holloway • Board Director: Bill Dendy • Board Member: Belinda May DeSoto EDC • Chief Executive Officer: Scott Fleming • Dir. Of Business Development: Jeff Bryant DeSoto City Council • Place One: Mayor Carl Sherman • Place Two: Patricia Ledbetter • Place Three: Denise Valentine • Place Four: Deshaundra Lockhart • Place Five: Sandy Respess • Place Six: CurtisteneMcCowan • Place Seven: James Zander • City Manager: Dr. Tarron J Richardson DeSoto Economic Development Corporation211 E. Pleasant Run Road, DeSoto, Texas 75115972-230-9611 (main) 972-230-9670 (fax) sfleming@dedc.org | jbryant@dedc.org

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