Volume 19, Edition 4                                                                                    November 2019

To the Third Power
Hurst, Euless and Bedford prepare to cater to the community this holiday season.
According to the Federal Reserve, Fort Worth-Dallas’ economic expansion moderated in September. Payroll gains came in below the metro’s long-term average rate after spiking in the summer. Unemployment dipped, further tightening the labor market. The FW/D business-cycle indexes expanded. Leasing activity remained solid in the office and industrial markets, with net absorption staying positive and vacancy rates trending downward.
EULESS’ economic growth is off the pace of the last 5 years, a reflection that there is less land available for development. Certificates of Occupancy were issued to 66 new businesses, while 16 businesses changed ownership during the first 9 months of the year. A review of the list would show that many of the certificates of occupancy were issued to entrepreneurs and small businesses in different sectors with a belief in themselves and in the continued strength of the North Texas economy. Some of those businesses include Elite Sportsman and Promo, DDS Dentures and Implant Solutions, Fastenal Company, Legend Hospice, and ATI Physical Therapy.
Glade Parks continues to add new retailers and restaurants. Anchored by Belk Department Store, other retailers include Dick’s Sporting Goods, Boot Barn, and DSW Shoe Warehouse. New openings have included 54 th Street Restaurant and Drafthouse, Floyd’s Barbershop, and Carter’s Oshkosh. The 132 room ALOFT Hotel had its Grand Opening as well. Across the street, the 85 room La Quinta Del Sol also opened. Two other new hotels are under construction, including a 173-room dual branded Home2Suites/TRU and the 95-room Comfort Inn and Suites. 
Inside the new First Watch at Euless Glade Parks.
In our industrially zoned areas, 2 businesses involved in manufacturing, and distribution and warehousing are occupying their new buildings.
Our residential development activity was very modest in the 3 rd quarter, with a total of 7 permits issued. We have 4 active subdivisions with approximately 275 lots. 69 single-family permits have been issued to date, compared to 165 in 2018.
To let us know how we can be of assistance and for more information about the City of Euless, please contact Mike Collins at (817) 685-1684 or at mcollins@eulesstx.gov .
BEDFORD is seeing many of its large employers re-image, re-brand or update their current facilities.  Texas Health HEB Hospital is the anchor of Bedford’s medical footprint, serving the citizens of Northeast Tarrant County since 1973. As Bedford’s largest employer, and the only hospital in Northeast Tarrant County designated as a Level III Trauma Unit, Texas Health HEB is always on the cutting edge of innovations. The hospital has submitted plans to renovate the exterior façade of their main building, modernizing the look and feel of the facility, and coordinating with their other building renovations and expansions.
Carter BloodCare , the city’s second largest employer, recently completed renovations to their existing site on SH-121, including the addition of a new vehicle maintenance building to house and maintain their fleet of mobile blood donation vehicles. The addition of this facility will allow Carter BloodCare to maintain their vehicles in-house, rather than subcontracting services elsewhere.
Another major employer in the City of Bedford, Walmart Supercenter on SH121 at Cheek-Sparger is often a beta store for new concepts. This location will soon undergo an exterior re-image to their Corporate’s new prototypical store colors. This location was also the first in the DFW region to add an onsite ‘Training Academy’ to facilitate employee training in a working store environment.
  Even Bedford’s chain restaurants are investing in their current sites. Chili’s on Airport Freeway at Central Drive will soon begin a facility update. ‘Reimage 2020’, a brand-wide initiative, includes such things as a new exterior façade paint scheme, replacement of the
Texas Health HEB has been serving the citizens of Northeast Tarrant County since 1973.
traditional fabric awnings with standing seam metal, and other renovations designed to refresh the restaurant. 
From healthcare facilities to retail, employers that invest in their locations solidify their commitment to their employees, their building quality, and to longevity in Bedford. 
With room to grow, and opportunities available, Bedford is proud to offer an efficient “one stop shop” to discuss your perfect site. Call Bill Syblon
(817) 952-2175, or email bill.syblon@bedfordtx.gov .
This is the time of year when most can’t hardly believe the year is near complete and they are already enjoying all the excitement associated with the holiday season. We are thankful for all our friends and family and look forward to sharing how much we care over the Thanksgiving and Christmas holiday seasons. It is equally important to our business community as the last six weeks of the year are when they typically generate 35% to 40% of their annual volume. New stores rush to make grand openings before Black Friday and existing retailers stock their shelves with their highest levels of inventory and extend their operating hours to enhance shopping convenience. The CITY OF HURST and its citizens are thankful for the 111 new businesses that opened in 2019 and for the 1350 total businesses in our 10 square mile city. Shoppers should enjoy the 16 new restaurants that have opened their doors since last Christmas as well including Pineapple Grill, Tacos Y Mas, Wounded Duck Tavern N Grill, Boba Tea and Flavor of Asia, Tutti Frutti Ice Cream and others.
Most retailers “deck the halls” with joyous and colorful seasonal decorations inside their stores and often outside as well. The colorful jubilation is more readily evident when many stores are gathered in one general area like the 200 stores at North East Mall and The Shops at North East. The kickoff of their busy season was highlighted this year with the ReGrand Opening of the new “one of a kind” Penney’s store that opened with its new look November 1. The Hurst Penney’s location was chosen out of 860 stores across the country and their new, total rebuild is a must see this holiday season. Other new stores that have opened at North East Mall this year include Gianni’s Menswear, Aerie, Seventh Sense, Wave, Old Boot Factory and Hoss and David’s Italian Burgers.
J.C. Penny's ReGrand Opening kicked off its new look just in time for the busy season on November 1.
This time next holiday season shoppers will enjoy the recently announced Hobby Lobby and Tuesday Morning stores that will open after the first of the year on W. Pipeline. They can also enjoy a long holiday stay if traveling from out of town at the new extended stay Candlewood Suites Hotel that will open in the first quarter 2020. 
We welcome the opportunity to
hear your story of growth and
new development in Hurst.
Contact Steve Bowden at
(817) 788-7025 or sbowden@hursttx.gov .
SNAPSHOT  HEB Chief Economic Indicators AS OF 3RD QUARTER YTD
The Hurst Euless Bedford Economic Development Foundation is a partnership of the cities of Hurst, Euless, Bedford, the HEB Chamber of Commerce and the HEB Independent School District. The Foundation markets the three cities primarily though trade shows, professional associations and meetings with commercial real estate developers. Another focus is retaining area businesses. In addition to the partners, funding comes from area businesses.

MAJOR SUPPORTERS:


Hurst Euless Bedford Economic Development Foundation
P.O. Drawer 969, Bedford, TX  76095  817-540-1053