There’s a lot of enthusiasm surrounding the booming development at the Crossroads at Terrell that includes the opening of several new retail stores and fast food restaurants, as well as some sit-down restaurant options that are coming soon. We are equally excited about this growth and the fact that we are quickly establishing Terrell as the regional retail hub east of Dallas, attracting shoppers from Kaufman, Van Zandt, Henderson, eastern Dallas, and Southern Rockwall counties.
Along with the excitement that comes with this type of growth comes a lot of input from the public with specific requests on the shopping and dining options they’d like to see come to town. The Terrell Economic Development Corporation (TEDC) and the developers certainly want to bring places to make consumers happy, but retail is a highly competitive industry. We do believe potential tenants will be interested in Terrell over neighboring communities because they desire co-tenancy with our existing businesses and because of the big consumer draw our current development has created. The most effective way for members of the community to express interest in particular retailers coming to our area is to let those businesses know as you’re shopping or dining with them.
Developments like the Crossroads at Terrell are significant to our community because they bring jobs and tax revenue. However, economic development is so much more than bringing retail and dining options to our town.
So, what is economic development? Economic development in Terrell is about developing the entire economy including valuable jobs for all citizens, an effective government that supports the wishes of its citizens, nice homes suitable for families, creative places to shop, and a reputable quality of life for everyone.
According to JobsEQ, currently there are nearly 13,000 jobs in Terrell and a population of nearly 17,000—that’s a 76% job-to-population ratio, which is tremendous compared to most DFW suburbs and ranks right up there with Dallas. Like Dallas, Terrell imports jobs. Employees see Terrell as a place to work with the benefit of an easier commute. Our goal is to continue to create more employment opportunities, as well as housing developments to support the workers coming to Terrell so they can both live and work in Terrell.
In Terrell, we are very fortunate and unique in that we have a cohesive leadership team comprised of individuals from the City of Terrell, Terrell Independent School District, Terrell Economic Development Corporation, Terrell Chamber of Commerce, and other leaders that work together for the good of our community. This unification is what has allowed this economic boom for our city, and we expect it to continue since we have plenty of room for more businesses. We’re so excited to be part of the growth that is bringing our community more options to shop and dine, more job opportunities, and additional housing developments. In the end, Terrell wins because our citizens can shop local and we keep tax revenue in our city.