Stephenville EDA


Spurred to succeed, well stocked to incentivize

A city unified by C.A.R.E.: C.A.R.E.—short for Creation, Attraction, Retention and Expansion—is how Stephenville’s mayor described effective economic development to the more than 50 enthusiastic business and community leaders, including leaders from Tarleton State University, who gathered in 2015 to discuss a proposal for a Type B economic development tax. The C.A.R.E. description resonated, and because Stephenville is a city that cares about its future, when the Type B proposal was put to a city-wide vote just months later, it passed overwhelmingly. And that allowed Stephenville to take a major step forward with newly flexible incentives and a new ready-to-succeed Executive Director of the Economic Development Authority.

Type B development, A+ effort: Stephenville’s Type B sales tax arrangement enables the city to undertake all the job- and employer-related efforts available under the state’s Type A program, and also provides ample leeway to undertake quality of life projects that ultimately result in a more livable city that is more attractive to new residents and industry.

 

$23 million retail development project will bring Ulta Beauty, Hobby Lobby to Stephenville

The largest commercial development project in the city’s history is set to bring two national retailers - Ulta Beauty and Hobby Lobby - to Stephenville next year. The $23 million project named Washington Commons will include 150,000 square feet of retail and...

SEDA: Façade Improvement Program a Go

Stephenville Economic Development Authority (SEDA) board of directors gave a final seal of approval to the Façade and Infrastructure Improvement Program aimed at upgrading the curb appeal of aging commercial, retail and office structures. Click the article title to read more and download the project application and grant application packet.