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Dallas EDC reviews grant awards, property leads and vacant industrial space; staff to share TGM report
Summary
City economic development staff summarized recent grants and marketing activity, including two building-improvement grants approved this cycle, interest in the former Rite Aid and mill sites, and a 16,000-square-foot industrial space now available as Fred Tebb & Sons vacates.
City economic development staff briefed the Dallas Economic Development Commission on recent grant awards, property leads and redevelopment activity at the commission’s meeting on Thursday.
Tyler, economic development staff, said two building-improvement grants totaling $50,000 were awarded during the most recent application round and that the program’s current leverage rate stands at about $2.40 in private investment for every $1 of urban renewal funds disbursed. “We received two applications, requesting $50,000 in total from the agency, for the building improvement grant program, and both were approved,” Tyler said.
The awards included funding to New Morning Bakery for roof and HVAC work and a grant…
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