Lone Star State Success Driven By ‘Hardworking Texans’

Governor Greg Abbott credits the state’s residents — and economic development tools — for its top business ranking.

Tomball, TX: A Development Hub And Home For Business

As Texas continues as a hub for economic investment, Tomball stands out for its strong blend of culture, commerce, and community. Modern amenities and historic charm provide the backdrop for Tomball’s welcoming environment. Just 30 minutes north of Houston, an advantageous location and commitment to smart growth make Tomball the ideal home for business.

Recent development highlights Tomball’s location near major thoroughfares. The Tomball Parkway and Grand Parkway intersection is a hub for much of this development. Lovett Industrial’s Interchange 249 offers more than 3 million square feet of Class A industrial and retail. Macy’s operates a 900,000-square-foot distribution center with additional tenants coming soon. Adjacent to I-249, NewQuest Properties’ 65-acre The Grand at 249 is under development to deliver more than 400,000 square feet of retail set for completion by 2025.

Tomball, Texas
Paradigm Brewery in Tomball, TX is located in the heart of the city. (Photo: Tomball Economic Development Corporation)

 

New development is complemented by demand at existing properties, such as the 99.5-acre Tomball Business & Technology Park. Ranked a Top 10 national industrial park by Business Facilities, the park stands out with its diverse group of businesses, including international companies. Operated by Tomball Economic Development Corporation (TEDC), the master-planned park is fully served with all utilities, provides off-site detention, and enjoys quick access to highways and modern amenities.

Tomball’s unique intersection of commerce and culture is on display in Old Town. Already a thriving hub for festivals, live music, and retail, TEDC is helping bring new infrastructure and investment to Old Town.

Redesigned alleyways, improved outdoor spaces, and redevelopment of historic Tomball First Baptist Church, recently acquired by TEDC, will spur further growth in the district.

Redevelopment also is planned adjacent to Old Town. South Live Oak Business Park is being redesigned as a master-planned, mixed-use development. The 6.2-acre site will be transformed into a retail and hospitality destination. South Live Oak’s proximity to Old Town Tomball indicates success.

Adding to the attraction of Tomball is a robust group of economic incentives. Qualified companies can apply for financial assistance from TEDC for projects that create or retain jobs. TEDC also assists to offset costs of infrastructure.

Additionally, TEDC operates the Business Improvement Grant (BIG) and Façade Improvement Grant (FIG) programs. BIG is a matching grant that helps property owners and businesses improve buildings and property throughout Tomball. FIG provides matching grants to assist significant renovations in Old Town.

Tomball is keeping up with economic growth by investing in infrastructure and workforce. Major highway expansions are reducing congestion and transportation times, while road extensions within Tomball create easier traversing within city limits.

TEDC’s partnerships with award-winning institutions, Tomball Independent School District and Lone Star College, help create a pipeline of career-ready students for growing needs of local companies. Population in Tomball is expected to nearly double in the next decade, ensuring new students in the pipeline.

Tomball continues to invest in its people, businesses, infrastructure, and culture. The combination of offerings continues to place Tomball at the top of desired locations for new investment.

Visit tomballtxedc.org for more information.

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