Economic Development Metrics

The Department of Economic Development is committed to promoting high-quality development and renewed investment in Lewisville.

More Economic Development Information

12 Month Delivered Commercial Square Footage

This metric subtracts the total demolished square footage from the total square footage completed in the past 365 days and includes both alterations and new development. The square footage in this calculation is based on active building permits that were closed in the last year. Permit activity fluctuates from year to year based on greater economic conditions and the timeline and review process of general development projects.

Under Construction Commercial Square Footage

The current amount of commercial square footage currently under construction according to active issued building permits in MyGovermentOnline. This metric includes all new commercial construction, shell buildings, apartments, and commercial alterations.

Tax Increment Reinvestment Zones

A tax increment reinvestment zone (TIRZ) is an infrastructure financing tool made possible by Chapter 311 of the Texas Tax Code to assist cities in developing or redeveloping blighted and substandard areas. The purpose of the zone is to attract new investment. All taxes collected on new improvements (tax increments) are set aside in a fund to finance public improvements within the boundaries of the zone. Once all projects are completed, or after a defined period of time, the TIRZ is dissolved.

GOAL: To increase in tax value

TIRZ #1

2021 Tax Value

$267,511,770


⬆️ 8.69% from 2020 Tax Value

⬆️ 286.35% from Base Tax Value

The Tax Increment Reinvestment Zone (TIRZ) was created in 2001

for the Old Town area.

TIRZ #2

2021 Tax Value

$264,344,963


⬆️ 21.13% from 2020 Tax Value

⬆️ 2,805.64% from Base Tax Value

The Tax Increment Reinvestment Zone (TIRZ) #2 was created in 2008

for the NW corner of I-35 near SH-121.

TIRZ #3

2021 Tax Value

$749,099,475


⬆️ 30.64% from 2020 Tax Value

⬆️ 72.49% from Base Tax Value

The Tax Increment Reinvestment Zone (TIRZ) #3 was created in 2018

and encompasses Castle Hills Districts 1-G and 1-H.

TIRZ #4

2021 Tax Value

$120,062,375


⬆️ 27.03% from 2020 Tax Value

⬆️ 72.09% from Base Tax Value

The Tax Increment Reinvestment Zone (TIRZ) #4 was created in 2019

for the NE corner of McGee Ln and the Kansas City Southern Railroad.

Comparative Tax Rate - 2021

Low property taxes will long outlast any abatement or one-time incentive that can be offered by a municipality. With one of the lowest combined tax rates in DFW, Lewisville businesses can keep taxes low on their valuable improvements. Businesses and workers in Lewisville can keep more of their hard-earned money and prosper in a tax-friendly environment.

Market Potential Indices (MPI)

A Market Potential Index (MPI) is the ratio of the local consumption rate for a product or service relative to the US consumption rate for that product or service, multiplied by 100. In short, this index measures demand for a market.

If the index is greater than 100, then local demand for that market is higher than the national average.

If the index is less than 100, then local demand is lower than the national average.

Top Tapestry Segments

"Tapestry is a market segmentation system built from using a large, well-selected array of attributes of demographic and socioeconomic variables to identify numerous unique consumer markets throughout the United States. Neighborhoods with the most similar characteristics are grouped together, and neighborhoods showing divergent characteristics are separated." --rewrite this without quoting ESRI

Learn more about tapestries here.

#1

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Young and the Restless (11B)

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#2

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Boomburbs (1C)

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#3

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Workday Drive (4A)

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Average Consumer Expenditures


The chart below shows the average annual expenditures of Lewisville households across various markets.

Quick Demographics

Using the most recently available public data from ArcGISEnrichment

Estimated

Total

Population

Median

Resident

Age

Average Household Size

Median Household Income

Per

Capita

Income

Estimated

Daytime

Population

Lewisville Population Household Income

As seen in the chart to the left, slightly over half of Lewisville households earn more than $75,000 annually. A large proportion of higher-earning households can be indicative of the overall educational attainment of a population and the types of careers a population might have.

Using the most recently available public data from ArcGISEnrichment

Educational Attainment

(Population Age 25+)

Over half of Lewisville residents aged 25+ have some degree of college education. A well-educated population can be indicative of a relatively higher-skilled, innovative workforce.

Using the most recently available public data from ArcGISEnrichment


Percent of Population Employed

Over 16 Years of Age

Lewisville's Top 15 Employers

Source: North Central Texas Council of Gov'ts

Number of Employers with

100+ Employees

Staffing Levels

Showing full time positions only

Most metrics are updated in real-time, every 15 minutes.