Discover the Opportunities! C O R S I C A N A T E X A S
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1 Discover the Opportunities! C O R S I C A N A T E X A S
2 TABLE OF CONTENTS
3 TABLE OF CONTENTS CORSICANA, TEXAS SECTION 1: COMMUNITY HISTORY OF CORSICANA, TEXAS POPULATION CORSICANA, TEXAS ( ) QUALITY OF LIFE CORSICANA, TEXAS STRATEGIC LOCATION (TRANSPORTATION NETWORK) DRIVE TIMES (SUPERIOR LOCATION) AIR TRAVEL (AIRPORT ACCESSIBILITY) SECTION 2: LABOR NEW INDUSTRIAL JOBS & NEW CAPITAL INVESTMENT ( ) WORKFORCE AVAILABILITY CORSICANA, TEXAS (60 MILES RADIUS) INDUSTRIAL PARTNERS CORSICANA, TEXAS MAJOR EMPLOYERS CORSICANA, TEXAS (NATURE OF BUSINESS & NUMBER OF EMPLOYEES) AERIAL PHOTOGRAPH CORSICANA, TEXAS (MAJOR EMPLOYERS WITH LOCATIONS IDENTIFIED) CITY MAP CORSICANA, TEXAS (MAJOR EMPLOYERS WITH LOCATIONS IDENTIIFIED) SECTION 3: RECENT DEVELOPMENT INDUSTRIAL EXPANSION PROJECTS CORSICANA, TEXAS COMMERCIAL & RETAIL DEVELOPMENTS CORSICANA, TEXAS MEDICAL & HEALTH FACILITIES CORSICANA, TEXAS RESIDENTIAL DEVELOPMENTS NAVARRO COUNTY, TEXAS RESIDENTIAL DEVELOPMENTS CORSICANA, TEXAS CITY MAP RESIDENTIAL DEVELOPMENTS IDENTIFIED CORSICANA, TEXAS TEXAS HIGHWAY 31 RELIEF ROUTE (TXDOT: UPDATE) WATER TRANSMISSION MAIN CITY OF CORSICANA INFRASTRUCTURE PROJECT
4 PAGE 2 TABLE OF CONTENTS: CORSICANA, TEXAS SECTION 4: RETAIL OPPORTUNITIES RETAIL RECRUITMENT & DEVELOPMENT STRATEGIES RETAIL TRADE AREA MAP RETAIL TRADE AREA DEMOGRAPHICS SUMMARY GAP ANALYSIS SUMMARY RETAIL OPPORTUNITY CORSICANA, TEXAS CONTACT INFORMATION: ECONOMIC DEVELOPMENT DEPARTMENT CITY OF CORSICANA/NAVARRO COUNTY, TEXAS
5 COMMUNITY
6 CORSICANA, TEXAS HISTORY 1848 FOUNDING COUNTY SEAT FOR NAVARRO COUNTY 1849 FIRST COURTHOUSE CONSTRUCTED (LOG CABIN) 1866 OIL CITY IRON WORKS, INC. FOUNDED 1871 HOUSTON & TEXAS CENTRAL RAILROAD (UNION PACIFIC) 1880 TEXAS & St. LOUIS RAILWAY (COTTON BELT) 1894 DISCOVERY OF OIL TEXAS OIL BOOM BEGINS 1896 COLLIN STREET BAKERY 1898 CORSICANA BECOMES OIL & INDUSTRIAL CENTER 1899 CHAMBER OF COMMERCE FOUNDED 1923 POWELL OIL FIELD DISCOVERED (500 OIL WELLS) 1942 AIR ACTIVITIES OF TEXAS FLIGHT TRAINING (WW II) 1946 NAVARRO JUNIOR COLLEGE FOUNDED 1987 RICHLAND CHAMBERS RESERVOIR IMPOUNDED 2000 RUSSELL STOVER CANDIES 2003 KOHL S S DISTRIBUTION CENTER 2004 FIRESTONE BUILDING PRODUCTS 2005 PACTIV EQUIPMENT 2006 NORTHROP GRUMMAN INFORMATION TECHNOLOGY
7 POPULATION ,000 25,000 20,000 28,000 26,052 26,014 24,485 22,911 20,750 21,712 20,344 19,972 19,211 17,500 15,202 15,000 9,313 11,300 10,000 5,000 5,000 1, (SOURCE: US CENSUS BUREAU, TEXAS ALMANAC)
8 QUALITY OF LIFE CORSICANA, TEXAS COMPONENT DESCRIPTION RATING CRIME RATE 58.89/1,000 Population EXCELLENT CHURCHES 60+ Churches All Faiths EXCELLENT COUNTRY CLUB Corsicana Country Club EXCELLENT EDUCATION: COLLEGE: Navarro College, Texas A&M Commerce EXCELLENT PUBLIC: High School (1), Middle (1), Intermediate (1), Elementary (4), Academy (1) EXCELLENT PRIVATE: K 8 th Grade (1) EXCELLENT FINANCIAL Banks & Banking Associates (10) EXCELLENT GOLF COURSES Two 18 Holes (Public & Private) EXCELLENT HOSPITAL Navarro Regional (162 Beds) EXCELLENT LAKES 3 Lakes (50,000+ Acres) EXCELLENT PARKS 12 parks (371+ Acres) EXCELLENT ARTS Palace Theatre, Cook Center, Pearce EXCELLENT Civil War & Western Art Museum, The Navarro Council of the Arts
9 STRATEGIC LOCATION 98% of the world reached in 24 hrs. (dfw( dfw) SUPERIOR LOCATION 53 MILES S. OF DALLAS 70 MILES E. OF FT. WORTH 231 MILES N. OF SAN ANTONIO 187 MILES N. OF HOUSTON 54 MILES E. OF WACO TRANSPORTATION NETWORK INTERSTATE 45 (6 LANES) U.S. HIGHWAY 287 (4 LANES) TEXAS HIGHWAYS 31 & 22
10 DRIVE TIMES SUPERIOR LOCATION DALLAS FT. WORTH 50 MINS. 60 MINS. DFW AIRPORT 1HR. 10 MINS. AUSTIN 2 HRS. 20 MINS. SAN ANTONIO 3 HRS. 25 MINS. HOUSTON 3 HRS. 50 MILLION PEOPLE & 70+ MAJOR MARKETS (24 hrs.)
11 AIR TRAVEL AIRPORT ACCESSIBILITY D/FW AIRPORT 1HR. 10 MINS. 3 rd BUSIEST IN WORLD 2,150 FLIGHTS / DAY 160 DESTINATIONS WORLDWIDE DALLAS LOVE 60 MINS. 249,400+ flights in 2004 Two Airlines serving 60 cities 4 HOURS TO EAST & WEST COASTS C. DAVID CAMPBELL 8 MINS. Jet-A A Fuel 5,000 FT. RUNWAY
12 LABOR
13 New Industrial Jobs & New Capital Investment New Industrial Jobs Created $167,952,203 New Capital Investment
14 INDUSTRIAL PARTNERS Corsicana, Texas
15 COMPANY NAME MAJOR EMPLOYERS CITY OF CORSICANA, TEXAS NATURE of BUSINESS NUMBER of EMPLOYEES Russell Stover Candies Corsicana Independent School District Collin Street Bakery Guardian Industries Navarro Regional Hospital Texas Youth Commission Navarro County City of Corsicana (Includes Part Time) Navarro College Kohl's Distribution Center Kohl's Call Center Oil City Iron Works Corsicana Bedding Lance Mfg, LLC (Formerly Tom's Foods) Trinity Mother Francis Home Depot Distribution Center Tru-Serve/ True Value Distribution Center JELD-WEN, inc. Northrop Grumman Information Technology (Northrop Grumman Corporation) Candy Manufacturing Government/ Education Food Glass Manufacturing Hospital Government/ State Home Government/ County Government/ City Education Warehousing/ Retail Call Center/ Retail Castings Bedding Manufacturing/ Snack Foods Health Care Building Materials Distribution/ Hardware Windows & Doors Information Technology
16 WORKFORCE AVAILABILITY CORSICANA, TEXAS VAST LABORFORCE 10 MILES: 14, MILES: 29, MILES: 66, MILES: 152, MILES: 1,196, MILES: 1,411, MILLION WORKERS WITHIN 60 MILES
17 RECENT DEVELOPMENT
18 INDUSTRIAL EXPANSION PROJECTS Northrop Grumman Information Technology (60 FTE s 100 s s FTE s) Kohl s s Call Center (225+ FTEs: Grand Opening in September 2006) Lance Mfg, LLC ($7.5 MM; 50 FTE s) JELD-WEN, inc ($3.89 MM; 35 FTE's) Guardian Industries Fall 2006 ( $19.2 MM; 209 Jobs Retained) Oil City Iron Works 13 th Avenue Expansion Project Industrial Pipe Fittings (50+ FTE s)
19 COMMERCIAL & RETAIL DEVELOPMENTS La Quinta Motel 50 Rooms Texas Highway 31 on Regal Drive The Hampton Inn & Suites 79 Rooms I-45/US Highway 287 on Bryan s s Way (across from Holiday Inn) Collin Street Bakery Opened November 2006 Sales Exceeding Projections Office Depot Retail Store Corsicana Crossing Retail center (adjacent to Chili s)
20 MEDICAL & HEALTH FACILITIES Navarro Regional Hospital Professional Offices Expansion Project 41,000 SF 2 Stories in Height Planned Completion July 2007 Heritage Oaks Retirement Village 7 Units 6,871 SF
21 Navarro County RESIDENTIAL DEVELOPMENTS 4,000 Single Family (SF) Lots Planning and/or Development o 3,000 SF Lots Located in the Richland Chambers Vicinity The Shores on Richland Chambers Lake 500+ SF Lots Completely Developed Final 2 Phases Under Development (60+ SF Lots) $23 Million in Sales Closed in 2006 Next Phase: 200 Acres South Side of Richland Chambers
22 RESIDENTIAL DEVELOPMENTS City of Corsicana Single Family 1. The Links 34 Single family (SF) Lots 2. Dobbins Crossing 17 SF Lots 3. Stonegate 100 SF Lots 4. Fairway Acres 200+ SF Lots 5. Park Place 15 SF Lots 6. Magnolia Village 97 SF Lots 7. Wilson s s Ridge 41 SF Lots City of Corsicana Multi-Family 8. Winvale Apartments 77 Units 9. The Villas 105 Units
23 TX Hwy 31 Relief Route - East TX Hwy 31 Relief Route - West Single Family (SF) Residential Developments 1. The Links 34 SF Lots 2. Dobbins Crossing 17 SF Lots 3. Stonegate 100 SF Lots 4. Fairway Acres 200+ SF Lots 5. Park Place 15 SF Lots 6. Magnolia Village 97 SF Lots 7. Wilson s Ridge 41 SF Lots Multi-Family (MF) Residential Developments 8. Winvale Apartments 77 MF Units 9. The Villas 105 MF Units
24 TEXAS HIGHWAY 31 RELIEF ROUTE (Phase I - SH 31 west to US 287; Phase II - US 287 to SH 31 east) Environmental Assessments (Phase I and Phase II) - Currently in Austin for review and approval. Public Hearing - After approval, a public hearing will be scheduled Early to mid-summer would be the earliest for this meeting. ROW - Acquisition cannot begin until the public hearing is complete and comments are addressed. The ROW for Phase I has been surveyed and ready for acquisition. Phase II has not been surveyed or mapped. Construction Plans - Construction plan development has started by a design section in our TxDOT Dallas District Office. We have met with them to discuss specifics of the project as their work progresses. Funding - The SH 31 relief route is not fully funded at this time. We have met with the Dallas Deputy District Engineer, the City of Corsicana and Navarro County to discuss funding alternatives to accelerate the project. Letting - Tentative letting date for Phase I is October Phase II is planned for a later date. (These dates are contingent on EA approval, ROW acquisition, plans and funding coming together as planned.) (Source: Darwin J. Myers, P.E., TxDOT Navarro County Area Engineer)
25 WATER TRANSMISSION MAIN CITY OF CORSICANA, TEXAS Project Name: Richland Chambers Raw Water Transmission Main Size: 36 Diameter Projected Cost: $17 Million Length: 64,680 LF (12.25 Miles) Connection Points: Richland Chambers with Lake Halbert Capacity: 8 Million Gallons per Day (MGD) up to 24 MGD
26 RETAIL OPPORTUNITIES
27 Retail Gap Analysis City of Corsicana/Navarro County, Texas
28 Retail Trade Area Map Corsicana, Texas
29 Demographics Summary RTA COMMUNITY Area Population (2006) 147,775 25,565 Average Household Income $49,752 $43,264 Per Capita Income $18,575 $15,463 Population by Race/Ethnicity White 75.07% 54.74% Black or African American 12.47% 22.64% Other 12.46% 22.62% Hispanic Origin 18.72% 31.03% Median Age
30 Gap Analysis Summary SIC Retail Sector Potential Sales Est. Actual Sales Surplus/Leakage % Surplus 521 Lumber and Other Building Materials $76,652,170 $36,500,000 -$40,152,170-52% 523 Paint, Glass and Wallpaper $14,707,510 $6,500,000 -$8,207,508-56% 525 Hardware Stores $29,023,340 $21,500,000 -$7,523,343-26% 526 Retail Nurseries and Garden $19,735,710 $5,500,000 -$14,235,710-72% 527 Mobile Home Dealers $6,626,139 $4,500,000 -$2,126,139-32% 53 General Merchandise Stores $168,263,400 $120,200,000 -$48,063,410-29% 541 Grocery Stores $213,058,900 $51,700,000 -$161,358,900-76% 542 Meat and Fish Markets $5,546,436 $1,600,000 -$3,946,436-71% 543 Fruit and Vegetable Markets $3,201,610 $0 -$3,201, % 544 Candy, Nut and Confection Stores $565,633 $200,000 -$365,633-65% 545 Dairy Products Stores $155,732 $0 -$155, % 546 Retail Bakeries $2,695,352 $0 -$2,695, % 549 Miscellaneous Food Stores $16,011,170 $4,500,000 -$11,511,170-72% 551 New and Used Car Dealers $267,974,200 $59,800,000 -$208,174,200-78% 552 Used Car Dealers $47,305,380 $22,500,000 -$24,805,380-52% 553 Auto and Home Supply Stores $53,429,430 $11,000,000 -$42,429,430-79% 554 Gasoline Service Stations $36,188,030 $6,000,000 -$30,188,030-83% 555 Boat Dealers $5,498,518 $21,600,000 $16,101, % 556 Recreational Vehicle Dealers $7,724,593 $3,100,000 -$4,624,593-60% 557 Motorcycle Dealers $6,492,804 $3,000,000 -$3,492,804-54% 559 Automotive Dealers, NEC $9,938,167 $0 -$9,938, % 561 Men's and Boys' Clothing Stores $3,763,076 $200,000 -$3,563,076-95% 562 Women's Clothing Stores $6,764,683 $2,500,000 -$4,264,683-63% 563 Women's Accessory and Specialty Stores $996,890 $100,000 -$896,890-90% 564 Children's and Infants' Wear $1,301,582 $200,000 -$1,101,582-85% 565 Family Clothing Stores $7,045,937 $3,200,000 -$3,845,937-55% 566 Shoe Stores $9,620,454 $1,700,000 -$7,920,454-82%
31 Gap Analysis Summary (Continued) SIC Retail Sector Potential Sales Est. Actual Sales Surplus/Leakage % Surplus 569 Miscellaneous Apparel and Accessory Stores $6,317,801 $900,000 -$5,417,801-86% 571 Home Furniture and Furnishing $49,217,910 $13,500,000 -$35,717,910-73% 572 Household Appliance Stores $8,398,040 $1,200,000 -$7,198,040-86% 573 Radio, TV, and Computer Stores $121,582,000 $11,900,000 -$109,682,000-90% 5812 Eating Places $192,347,100 $42,300,000 -$150,047,100-78% 5813 Drinking Places $6,433,428 $800,000 -$5,633,428-88% 591 Drug Stores and Proprietary $32,187,970 $7,900,000 -$24,287,970-75% 592 Liquor Stores $4,018,809 $200,000 -$3,818,809-95% 593 Used Merchandise Stores $9,619,412 $2,200,000 -$7,419,412-77% 5941 Sporting Goods, Bicycle and Gun Stores $5,802,169 $500,000 -$5,302,169-91% 5942 Book Stores $3,492,760 $200,000 -$3,292,760-94% 5943 Stationery Stores $11,840,280 $2,000,000 -$9,840,278-83% 5944 Jewelry Stores $5,506,331 $500,000 -$5,006,331-91% 5945 Hobby, Toy and Game Shops $5,860,503 $2,300,000 -$3,560,503-61% 5946 Camera and Photography Supply Stores $1,042,724 $0 -$1,042, % 5947 Gift, Novelty and Souvenir Shops $8,556,896 $2,200,000 -$6,356,897-74% 5948 Luggage and Leather Goods Stores $281,254 $0 -$281, % 5949 Sewing, Needlework and Craft Stores $1,072,412 $0 -$1,072, % 596 Non-store Retailers $20,454,990 $1,600,000 -$18,854,990-92% 598 Fuel and Ice Dealers $1,494,814 $2,300,000 $805,186 54% 5992 Florists $3,922,974 $1,600,000 -$2,322,974-59% 5993 Tobacco Stores and Stands $545,841 $500,000 -$45,841-8% 5994 News Dealers and Newsstands $506,257 $300,000 -$206,257-41% 5995 Optical Goods Stores $2,827,646 $100,000 -$2,727,646-96% 5999 Miscellaneous Retail Stores, NEC $58,193,040 $47,400,000 -$10,793,040-19% TOTALS $1,581,810,000 $530,000,000 -$1,051,810,000 LEAKAGE
32
33 Retail Trade Area Summary 2006 Estimates Corsicana Population: 25,565 Trade Area Population: 147,775 Average HH Income: $49,752 Median HH Income: $37,567 Per Capita Income: $18,575 Median Age: Average Age: 37.57
34 Discover the Opportunities! Corsicana, Texas Contact: Lee McCleary City of Corsicana/Navarro County Economic Development Director 200 North 12 th Street Corsicana, Texas Office: Direct: Cellular: Fax:
35 Discover the Opportunities! C O R S I C A N A T E X A S
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