Denton promotes 29 active business projects and increases incentive applications

Denton's Economic Development Partnership Board reported significant progress in local business initiatives during their recent meeting on April 9, 2025. The board highlighted a total of 29 active projects, a notable increase from the previous year, with 14 of these projects focused specifically on downtown development. This surge in activity reflects the city's commitment to fostering a vibrant business environment.

The board emphasized their role in assisting businesses through various stages of development, from navigating city processes to securing necessary permits. Many small businesses face challenges, particularly with costs associated with fire suppression systems, which are essential for obtaining occupancy permits. The board is actively working to streamline these processes and provide support to ensure businesses can thrive in Denton.

In terms of recruitment, the board reported a robust pipeline of potential businesses looking to relocate or expand in Denton. Currently, three businesses are in the promotion phase, while eight are in initial discussions. The board is also engaged in negotiations for incentives with four businesses, indicating a proactive approach to attracting new investments.

Moreover, the board received an influx of incentive applications in March and May, signaling a strong interest from both local expansions and new companies. Notably, a recent recruitment visit to Peterbilt showcased Denton's appeal to manufacturers, with positive feedback from a medical device manufacturer that toured the facility.

The board's efforts are further supported by requests for information (RFIs) from the governor's office and the Dallas Regional Chamber, with 29 RFIs received in February and March alone. These inquiries highlight Denton's growing reputation as a desirable location for businesses, with two RFIs converting into site tours, a promising sign for future investments.

Overall, the meeting underscored Denton's strategic focus on economic development, with board members expressing optimism about the city's ability to attract and retain businesses. As these initiatives unfold, the community can expect continued growth and opportunities in the local economy.