Economic Development

HELPING YOUR COMMUNITY REACH ITS STRATEGIC ECONOMIC DEVELOPMENT GOALS

Economic Development is at the core of many communities' growth and strategic plans.

 

Providing quality jobs, direct and indirect future revenue streams, and thoughtfully balanced tax base can all help communities to achieve their goals of providing excellent city services.

 

The JDGray Group has excelled in providing economic develo​pment consulting and assistance to organizations across Texas and the western United States for over fifteen years.  Some of our recent projects include:

City of Frisco, Texas

Client

Texas Senate Bill 2 Impact Analysis

City Councils and City Managers are often called upon to digest and understand complex issues within very short timeframes. One of our specialities is making the complex more simple through use of engaging presentation of our analysis. In 2019, the Texas Legislature proposed (and approved) SB2, which fundamentally changes the method of how Cities and Towns can use the property tax. We broke the legislation down into the formulas, charts, and impacts that the elected and appointed officials needed to confidently understand the issue and to establish their position on it.

City of Brazoria, Texas

Client

Waterpark Feasibility & Financing

We worked with the City of Brazoria, Texas in their efforts to attract, negotiate with, and partner on a family-oriented waterpark for their community. We provided a feasibilty analysis, worked with the City's Bond Counsel and Financial Advisor to develop a financial structure and negotiated a development agreement on behalf of the City. To help the community understand the proposal, we also assisted in developing a public education phase for the project.

City of Frisco, Texas

Client

Patronus Data Center

We are happy to have worked with the City of Frisco, Texas the Frisco Economic Development Corporation, and Patronus Land Development to bring a new Patronus Data Center to Frisco, Texas. This project is likely to produce over $400 million in annual taxable value for the City, Denton County, and Frisco ISD. We worked with the City, the FEDC, and developer to negotiate and structure a 20-year Chapter 380 Agreement and a Performance-based Economic Development Agreement. In addition, we have developed and provided a compliance tool with tracking methodology to help make sure that the project stays on track and to help manage the City's obligations under the Agreement.

Town of Argyle, Texas

Client

Economic Development Workshop

We were glad to be back in Argyle working with the Town Council and Economic Development Corporation on our Basics of Economic Development Workshop. We designed our interactive, half-day workshop on economic development with elected and appointed officials in mind. We facilitated an in-depth conversation about the purpose & goals of economic development and identified the tools & techniques available (and when to use them). We discuss the basic requirements & restrictions, and most importantly, cover the roles & responsibilities of the various economic development stakeholders.

City of Frisco, Texas

Client

Frisco Junction

The City of Frisco, Texas​ has aacquired tracts of adjacent land over several years in a strategic move to ensure the connection between their hostoric downtown and a new urban core. We issued this Request for Qualifications (RFQ) to solicit responses from master developers and/or master development teams with proven successful track records in planning and developing historically and contextually sensitive infill developments and we are now negotiating with those developers to bring a signature project to the site.

City of Frisco, Texas

Client

Frisco Railyard

The City of Frisco, Texas wanted a way to capture increased market demand for food truck venues, but wanted to do so in a way that allowed for an "experimental" venue to partner with as a living laboratory to help inform policy decisions in the future. The JDGray Group worked with a local restaurateur that had an interest and partnering with the City to develop a food truck venue with a short, revenue-sharing lease to give both the developer and the CIty an opportunity to explore this emerging market. The Frisco Rail Yard has been operating since September 2016.

City of Frisco, Texas

Client

BNSF Tower Relocation

The City of Frisco acquired property that included an existing BNSF microwave communications tower on a prime piece of potential commercial real estate. We developed a public-private partnership to encourage a third-party tower company to relocate the tower at its cost in order to recover the valuable commercial land.

City of Frisco, Texas

Client

Pennant Park Mixed Use Development

Pennant Park is in the heart of the Frisco’s thriving commercial sector. Situated just 25 miles north of downtown Dallas, 20 minutes northeast of DFW airport and 20 minutes north of Dallas Love Field, this site is extremely well located to capitalize on high-quality commercial development. The current vision for Pennant Park includes a thoughtful mix of uses including commercial office, full-service hotel, and retail components for the ±14.6 acre site with 850’ of Dallas North Tollway frontage. The JDGray Group is assisting the City of Frisco in identifying a developer for the tract.

City of Frisco, Texas

Client

The Diamond

The City of Frisco acquired 14.5 acres of land around its minor league ballpark several years ago in hopes that it could attract a premium mix of development partners to jointly develop the property in a way that added significant value to the City and worked harmoniously with the ballpark and its parking obligations. They turned to the JDGray Group to identify the best possible developers, negotiate multiple development and performance agreements and to serve as both a representative and facilitator on behalf of the City. After months of negotiations, we are proud to announce the Diamond - 300,000 square feet of Class A office space, 30,000 square feet of retail and a 320 room full-service hotel complete with a 9,000 square foot feature restaurant. To serve the City's needs, we worked with Northland Properties and LandPlan development to structure a development plan and incentive packages that will exceed Frisco's high standards and provide 800 structured parking spaces for games and events held at Dr Pepper Ballpark in Frisco.

Call/Text

Office: 972-885-6472

Text: 972-885-6472

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