1505 Precinct Line Road
Hurst Economic Development
The Hurst Economic Development Department monitors and promotes economic development opportunities throughout the City. We are continually working with the community and our business partners to cultivate a healthy economic environment by creating resources and opportunities that make it easier to do business in Hurst.
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Economic Development News
The busy Christmas season is in full swing and many HEB retailers are projecting this to be the best holiday season in recent memory. According to Accentures Survey of US consumers, 40% say they plan to spend more on holiday shopping this year thanks to renewed optimism. Shopping malls and department stores enjoy 30 to 35% of their annual sales volume during this six weeks and that’s a big number for a super-regional mall like North East Mall. Their presentation couldn't be better this season as five new stores have opened this month, the mall is 100% leased and they recently unveiled their newly renovated Dining Pavilion. The fresh new food court look includes 100 additional seats, all new furniture, new restrooms, new floor and wall coverings and food kiosks. This, along with eight new restaurants that have opened this year in Hurst, will offer many new dining choices this Christmas season.
The extreme positive results created by the completion of the Highway 121/183 expansion through the HEB area couldn't be more evident thru the first six months of 2015. The many businesses adjacent to the higher car capacity highway are enjoying strong increases in sales volumes compared to the same time period last year, most double digit increases. The significant business redevelopment created by the highway widening continues to flourish. Three new restaurants have recently opened along the highway. Pollo Tropical is off to a good start, with the recent opening of their Caribbean inspired menu restaurant, as is Dairy Queen, a Texas favorite. The additional traffic counts these two popular restaurants have created are benefiting the entire already busy area around Precinct Line and Highway 183. Soulman's BBQ opened their 15th metroplex restaurant just one mile south of the highway on Bedford Euless Rd. The restaurant choices continue to expand as 11 new restaurants opened in Hurst in 2014 and there have been eight new openings already in 2015.
Sixty new businesses have opened in the first half of the year occupying 180,000 sq. ft. creating strong sales tax growth and $22M in new construction activity. Activity has also been brisk in the residential sector as there have been 338 single family homes sold to new families moving to the market, which represents 10% more than last year. The average sales price of those homes also grew by 11% while Average Days on Market was the third best in the metroplex at only 27 days.
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Shop First in Hurst
Shopping local has always been a vital component to keeping the local economy strong and it’s now more important than ever. We hope to encourage and educate shoppers on the benefits of visiting, shopping and doing business in Hurst.