Colleyville is witnessing a positive shift in its business landscape, even as national retail struggles with a wave of bankruptcies. During the City Council Work Session on January 22, 2025, officials highlighted the resilience of local businesses amid challenging economic conditions.
In 2024, the U.S. faced a tough year for brick-and-mortar retailers, with 49 bankruptcies reported, a significant increase from 25 in 2023. Despite these national trends, Colleyville is thriving, with new businesses opening and community support growing.
City leaders emphasized the importance of supporting local entrepreneurs, showcasing new establishments like Only You Bridal, which recently celebrated its grand opening. The council encouraged residents to engage with these businesses, fostering a sense of community and collaboration.
As Colleyville continues to attract new ventures, the city remains committed to nurturing its local economy, ensuring that it stands out as a beacon of growth and opportunity in a challenging retail environment. The focus on community involvement and support for local businesses is expected to drive further success in the coming months.