In a recent government meeting, Keller's economic development update revealed promising growth in new businesses for 2024. Gary, the economic development representative, reported that 59 Certificates of Occupancy (CEOs) have been issued this year, with 50 representing new businesses, including nine restaurants, 12 medical facilities, and 13 retail establishments. This marks a significant increase compared to previous years, with 81 new businesses recorded in 2023 and a steady recovery from the pandemic's impact on local commerce.

The meeting highlighted a decrease in the retail vacancy rate, now at 4.7%, down from the previous quarter, indicating a healthier market for retail spaces. However, the office vacancy rate stands at 8.3%, reflecting ongoing challenges in that sector.

Several new businesses are in the pipeline, including a pediatric eye specialist and a bridal café, while renovations are underway for existing establishments like DeVivo Brothers and Houghton Horns. The anticipated construction of Taco Tequila is also on the horizon, with plans to break ground this summer.

The economic development team is actively recruiting family entertainment businesses, responding to increased interest in the sector. They are exploring various sites for potential development, including the El Paseo building for medical use and the McDonald property for mixed-use development.

Additionally, the economic development board is working on a marketing plan to promote local businesses, including a potential restaurant week. They are also updating the \"Keep It in Keller\" website and preparing a shopping and dining guide for distribution during early voting.

The meeting concluded with discussions on filling vacancies in city boards and commissions, with plans to address these in the upcoming fall appointments. Overall, the updates reflect a positive trajectory for Keller's economic landscape, with ongoing efforts to enhance local business opportunities and community engagement.