Northeast Tarrant

Grapevine growth reflected by influx of new businesses

A rendering of The Trade Group, which was scheduled to break ground on June 8, is one of many new businesses that want to call the growing city of Grapevine home.
A rendering of The Trade Group, which was scheduled to break ground on June 8, is one of many new businesses that want to call the growing city of Grapevine home.

Be it at Christmas with the plethora of decorations, a trip to the Gaylord Texan or Great Wolfe Lodge resorts, or to stroll down Main Street and take in the ambiance of yesteryear, Grapevine has become a favorite for people to visit - and to stay.

Since 1990 the city's population has grown from just under 30,000 to nearly 52,000 today. Growing populations attract new businesses, and it is no different with Grapevine.

"Its been a good mix of office headquarters, retail, and hospitality/entertainment," said Grapevine Economic Development Director Bob Farley.

Among the many businesses who have chosen to call Grapevine home, the city council recently approved the relocation of the operations forPaycom, an award-winning U.S.-based human capital management technology provider. It will be located across from Kubota, another company that came to Grapevine not too long ago.

Paycom ranked second on "Fortune" magazine's 2017 100 Fastest-Growing Companies list of domestic and foreign publicly traded companies. It was also ranked in the top five of "Forbes" magazine's Fast Tech 25 list of fastest-growing publicly traded tech companies for last year. Forbes also named the company one of America's Best Midsize Employers for this year.

"The city of Grapevine remains committed to bringing best-in-class investments," said Mayor William D. Tate.

That includes The Trade Group, which will hold groundbreaking Friday (June 8), at 10:30 a.m. at its new location, 2060 Enchanted Way. The company, which is an international award-winning provider of products and services for trade shows, corporate events, and retail environments, has been included in the Inc. 5000 list of fastest-growing private companies each of the past four years.

"Adding high quality and successful projects and companies adds to the economic vitality of the market and provides growth opportunities for Grapevine’s citizens and existing businesses," Farley said.

The biggest names to come to town include Mercedes Benz-USA (Park Place Motorcars) and Kubota, along with the aforementioned resorts. But there have also been a large number of fast-growing companies expanding, including paper manufacturing giant TST Impreso.

Joining the city's many restaurants later this year will be the award–winning Salt Lick Barbecue. It will offer 10,000 square feet of indoor and outdoor dining, as well as a specialty wine and beer bar.

Why choose Grapevine? Farley said it is because of the city's central location in the Metroplex, low taxes, quality of life, and access to national and international markets via DFW International Airport.

Grapevine residential growth has included over $13.6 million in single-family construction, an average of about $400,000 per home, along with nearly $39 million in apartment growth in the past year.

And while the cumulative impact of the influx of the businesses has not been calculated specifically, Farley said each company brings high-paying jobs, new capital spending, and purchases of services that help the city's existing companies grow faster. Farley said announced projects in the past several years have brought over $1 billion dollars in new facility spending alone.

And it helps, Farley said, that the city is consistently proactive in its outreach, something that has coincided with the vast growth in both population and businesses over the past three decades.

"By letting new investors know what Grapevine has to offer and working directly with them to meet their needs, we are able to keep businesses interested in our community," he said.

And though he said he can't release any names at the moment, Farley said the growth in Grapevine is going to continue for a long time.

"We have several exciting announcements on the horizon in both the corporate and hospitality world, and are anxious to share more at the appropriate time," he said.

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