Colleyville has increased its retail occupancy rate to 96% and given out over $7.8 million in grants to local businesses since 2018, according to an economic development update presented Oct. 5.<\/p>\n
Chelsea Rose, who works in community engagement and economic development for the city, presented the update during the city council\u2019s Oct. 5 worksession<\/a> and said the city is maintaining its strategy of intentional growth.\u00a0<\/p>\n The details<\/p>\n Overall occupancy in Colleyville is 93%. Rose said it’s exciting to see the growth along with small businesses in a city that is so built out.\u00a0<\/p>\n The market median rent rate in Colleyville is $27 per square foot and 91% of businesses in Colleyville have less than 20 employees. There is one retail spot left in suite 125 on Main Street, according to the report.\u00a0<\/a><\/p>\n The city is currently developing previously unused land, with 82,989 square feet of construction currently underway and another 175,000 square feet planned, according to the city.\u00a0<\/a><\/p>\n Staying local<\/p>\n The city city grants include<\/a> both money that goes directly to businesses and incentive programs for Colleyville residents.\u00a0<\/p>\n The summer gift card program<\/a> provided $281,960 to local businesses in 2026. Overall, the program has invested $6 million since 2018, according to the report. As part of the program, each Colleyville household receives a $35 gift card to use at participating local businesses<\/a> and restaurants.\u00a0<\/p>\n Similar programs include the restaurant-only gift card, which Rose said will return in 2027, and scavenger hunt-style game “Colleyopoly” where residents can earn gift cards by visiting local businesses.\u00a0<\/p>\n The action taken\u00a0<\/p>\n Grants given directly to businesses include seasonal programs<\/a> like Colleyville Gives, and Brighten Up the Boulevard, while other programs like SAFER<\/a>, SIGN<\/a> and BEST <\/a>are more regularly available.\u00a0<\/p>\n Colleyville Gives is a grant designed to help businesses with advertising and marketing during the fourth quarter and awards up to $1,000 with an additional $1,000 available to businesses that donate $500 to a local nonprofit.\u00a0<\/p>\n Colleyville Gives awarded $55,000 in 2025 and $556,100 since 2018, per the report.\u00a0<\/p>\n Brighten Up the Boulevard is a matching grant for Christmas lights along Colleyville Boulevard and provides an up to 50% reimbursement for lighting costs, with a max of $5,000 for shopping centers and $2,000 for individual businesses, according to the city.\u00a0<\/a><\/p>\n The city has given out $12,124 since 2025 and applications<\/a> are open until Nov. 13.\u00a0<\/p>\n Items worth mentioning<\/p>\n