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1. What does the Little Elm Economic Development Corporation do?

The Little Elm EDC is charged with attracting new commercial business, new tourism opportunities, and new jobs to Little Elm. Our mission is to advance economic development in Little Elm while capitalizing on our lakeside character and sense of community.

2. How can I do business in Little Elm?

The Little Elm Economic Development Corporation recommends to local residents and prospective entrepreneurs who desire to locate a small business in the Town to contact the following governmental agencies for information on business planning and how to develop a plan to finance a business. Learn more on our Economic Development Corporation site here. 

•    U.S. Small Business Administration 

•    Texas Guide to Starting a Business

•    Texas Commission on Environmental Quality

•    North Central Texas College Small Business Development Center

We are more than happy to help identify space for perspective businesses looking for tenant space, once a business plan has been solidified. That business plan should to include the following information:

•       The amount of the capital investment

•       Number of jobs it will create

•       Anticipated annual sales and anticipated sales tax

 

3. How does buying online benefit the economy of the Town?

Buying online and having your items delivered to an address within Little Elm‘s geographical boundaries helps because the sales tax from those purchases are allocated to the Town.

4. When leasing a commercial site, what does NNN mean?

These pass-through expenses of leasing are portions tenants or lessees pay in addition to the lease fee or rent to the landlord or lessor. The NNN fees are property taxes, property insurance, and common area maintenance and will change yearly based on the reassessed values.

5. Why are there so many dentists, nail salons, and donut shops?

The market determines the need for these services. Each business owner will do an analysis to determine if the market can bear another one of these types of businesses. Usually, they take smaller spaces and are willing to pay the higher lease rates to be in an area with the draw of a big box retailer.

6. How can I get my favorite business to open up in Little Elm?

We are always happy to take suggestions! A contact name and number/email for the business you like is always helpful. The biggest challenge is knowing who to contact. We consider all suggestions and pursue the businesses that fit in the Town’s Strategic Vision and the probability of the operator’s success. It is important to know that corporations often have specific criteria that must be met before considering a site. Occasionally the town may not meet the benchmarks they require, but we constantly circle back to those businesses in hopes of considering us in the future. So feel free to send your ideas our way! We are always willing to chase prospective leads and try and recruit those unique venues to Little Elm.