Addison

Review the Business Climate

How it's done

The business climate is the general economic environment that local businesses operate in. Reviewing and understanding the local business climate provides valuable insights about the economy, costs, risks, and incentives that may impact the success of your business. This activity will guide you to better understand the business climate in Addison and help you answer the following fundamental questions.

What is the business climate in Addison?

We have compiled the most important aspects of Addison’s business climate as an interactive dashboard below. This dashboard provides valuable economic, resident, household, dwelling and development indicators that may influence the success of your business.

What costs and assistance should I know about?

Whether you have a new or existing business it is critical to be aware of costs, incentives and grants that impact your business. This dashboard provides you with a snapshot of the major costs of conducting business in Addison and assistance available to Addison businesses.

Property Tax Distribution FY2019

FY2018 Certified Tax Roll

 

Appraised Valuation (100%)

4,725,759,169

Rate Per $100

0.550000

            Total Tax Levy

$25,991,675

Percent of Current Collection

96.50%

            Estimated Current Tax Collections

$25,081,966

 

 

Summary of Tax Collections

 

Summary of Tax Collections

$25,081,966

Delinquent Tax

($48,970)

Penalty and Interest

$51,123

            Total 2017-2018 Tax Collections

$25,084,119

 

Distribution of Tax Rate

Tax Rate

% of Total

Amount

General Fund

 

 

 

Current Tax

 

 

$16,965,736

Delinquent Tax

 

 

(45,000)

Penalty and Interest

 

 

30,000

Total General Fund

$0.3774

68.62%

$ 16,950,736

 

 

 

 

Economic Development Fund

 

 

 

Current Tax

 

 

1,081,534

Delinquent Tax

 

 

(3,200)

Penalty and Interest

 

 

2,500

Total Economic Development Fund

$0.00237

4.31%

1,080,834

Infrastructure Investment Fund

 

 

 

Current Tax

 

 

282,788

Delinquent Tax

 

 

(770)

Penalty and Interest

 

 

623

Total infrastructure Investment Fund

$0.0062

1.13%

282,641

 

 

 

 

Total Operations and Maintenance

$0.4073

74.06%

18,314,211

 

 

 

 

Debt Service Fund

 

 

 

Current Tax

 

 

6,751,908

Delinquent Tax

 

 

0

Penalty and Interest

 

 

18,000

Total Debt Service Fund

$0.1427

25.94%

6,769,908

 

 

 

 

Total Distribution

$0.5500

100%

$25,084,119

How do I use this information?

Having access to business climate statistics and information is one thing, but it's quite another to use data effectively and in a way that will benefit your business. This next section will help you do just that. Learn how to use this information to make better business decisions.

Monitor the local business climate

On-going assessment of the business climate is an essential part of operating a competitive business. In any business climate, there are numerous factors outside your control that will impact your business, both positively and negatively. The health of the economy impacts all businesses, but small businesses usually feel the effect of economic changes faster than big businesses. Improvements in the economy typically provide a rapid increase in new opportunities for small businesses, while an economic downturn can have a significant and prolonged negative impact.

Unfortunately, you can’t influence the economy, but you can monitor the business climate indicators provided above and then take the necessary actions to minimize risks to your business. Staying up to date with the business climate can also help you identify new opportunities that your business can take advantage of.

Know your costs

All industries are unique and incur different types of costs when starting or operating. Understanding these costs is essential when it comes to setting prices, budgeting and planning for growth or downturns. We’ve provided some of the local costs associated with taxes, development and labor that often get overlooked by businesses. There may be other municipal and state costs that apply to your business so we encourage you to contact us to find out more.

Where can I learn more about the business climate?

While we are providing you with a range of valuable information about the business climate, the fact is that there's much more available. In this section we provide you with links to other websites that will supplement our information and help to keep your finger on the pulse.

There may also be other municipal and state costs that apply to your business so we encourage you to contact us to find out more.

Get this research

Receive a PDF report of this research.

Get Report

Help us help you

Tell us how this page can be more helpful.

Tell us!

Contact us

Orlando Campos
Economic Development Director
972.450.7034
ocampos@addisontx.gov

Wilson Kerr
Economic Development Manager
972.450.7080
wkerr@addisontx.gov

Alisha Holmberg
Tourism Coordinator
972.450.7079
aholmberg@addisontx.gov

Kim Bettis
Economic Development Coordinator
972.450.7076
kbettis@addisontx.gov