Haltom City Faces Business Decline in Key Corridors, Calls for Revitalization Grow
TL;DR
Haltom United Business Alliance has proposed reforms to revitalize declining parts of the city, attracting more businesses and creating a stronger tax base.
The business alliance ordered a business census in 2022 and 2023, revealing a decline in business occupancy in the main corridors of Haltom City.
The revitalization plan aims to prevent further degradation in the southern and central parts of the city, creating a better environment for residents and businesses.
The study conducted by a third-party revealed a 4% decline in business occupancy in the main corridors from 2022 to 2023.
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The Haltom United Business Alliance (HUBA) has released findings from a recent business census that paints a concerning picture for Haltom City's main business corridors. The study, conducted at the end of 2023, shows a noticeable decline in business occupancy rates, from 83.2% in 2022 to 79.9% in 2023, in areas critical to the city's economic vitality. This 4% drop has raised alarms about the future of these corridors and the broader implications for Haltom City's economic health.
Joe Palmer, HUBA's Communications Director, has voiced frustration over the city's lack of response to the declining conditions in the central and southern parts of Haltom City. Despite the city's focus on development in northern areas, the visible decay in other regions, characterized by boarded-up buildings and increasing vacancies, demands attention. HUBA has been pushing for reforms aimed at making it easier for businesses to establish and thrive in these declining areas, arguing that current city policies are a significant barrier to growth.
The census also uncovered a decline in automotive shops, contradicting the city's economic goals. HUBA points to restrictive zoning regulations as a major obstacle, with certain businesses facing unnecessary hurdles to operate. These challenges, combined with the overall decline in business occupancy, threaten not only the local economy but also the city's appeal to potential new residents and businesses.
The implications of this trend are far-reaching. A weakened tax base could hinder the city's ability to fund essential services and maintain competitive wages for first responders. Moreover, the deteriorating condition of these corridors could deter new investments, further exacerbating the problem. HUBA's call to action emphasizes the need for a collaborative effort between the city and the business community to develop and implement strategies that will attract new businesses and revitalize these key areas.
As Haltom City grapples with these challenges, the business census serves as a vital tool for assessing the economic health of its main corridors. The data underscores the urgency of reevaluating current policies to address the rising vacancies and ensure the long-term vitality of Haltom City's business districts.
Curated from 24-7 Press Release
