Oak Point EDC

About Oak Point

The City of Oak Point is a community of approximately 4,200 residents located in the northeast quadrant of Denton County in north central Texas approximately 40 miles north of Dallas. Ranked in the top 20 of 63 suburbs in the Dallas area by D Magazine, Oak Point is located just south of U.S. Highway 380 equidistant between Denton and Frisco.

The community is positioned on a scenic Lewisville Lake, Oak Point is located just 10 miles from the Dallas North Tollway, seven miles from IH 35E, and 25 miles from the Dallas/Fort Worth (DFW) International Airport. Accessibility, proximity, and an exceptional quality of life make Oak Point a desirable place to live, work, and play.

Economic Development Corporation

In 2006, the City of Oak Point established a Section 4B Economic Development Corporation (EDC).  The EDC collects a 0.5% sales tax to be used towards community development initiatives, such as:

  • Buildings
  • Equipment
  • Expenditures
  • Facilities
  • Improvements for:
    • Affordable Housing
    • Entertainment and Tourist Facilities
    • New and Expanded Business Development, Including Retail Projects
    • Park Facilities and Events and Open Space Improvements
    • Professional and Amateur Sports Facilities
    • Water Supply Facilities or Water Conservation Programs (upon Approval of Voters) 
  • Land

Economic Development Incentives

The City of Oak Point is committed to the promotion and retention of high quality development within the City of Oak Point and to better the quality of life for its citizens. These objectives can often be attained by the enhancement and expansion of the local economy. To meet these objectives, the City of Oak Point will, on a case-by-case basis, consider providing economic development incentives to aid in the stimulation of economic development in Oak Point. These incentives may include:

  • Construction of Infrastructure
  • Fee Waivers
  • Loans or Grants
  • Personnel
  • Property Tax Abatements
  • Sales Tax Rebates
  • Tax Reinvestment Zones

Guidelines and criteria for economic development incentives are set forth in the City's Economic Development Incentives Program (PDF).

Business Resources

The Economic Development Corporation is dedicated to providing a variety of tools to businesses wanting to locate in Oak Point.  We work closely with companies to build on the strengths of Oak Point  to promote existing businesses and  recruit new businesses. 

  • Our partnerships with the State of Texas Office of Economic Development… .. companies will receive access to all the appropriate incentives you qualify for to help your business thrive in Oak Point.
  • Depending on … we can provide economic development assistance for land, buildings, equipment, facilities and improvements.
  • Off retail development assistance to promote and develop new and expanded retailed development. 
  • For additional information, please visit the Oak Point EDC page

 

Helpful Resources

If you are interested in starting, relocating, or expanding your business in Oak Point, Texas, then you are in the right place. We hope you’ll use this website as a way to find the most critical information for your site selection process.

 


Contact the EDC


Deborah Armstrong 

President of the EDC

Email


James Hankins

Vice President of the EDC

Email


Stephen Ashley

City Manager

Email 


100 Naylor Road

Oak Point, Texas 75068

Phone: (972) 294-2312
Fax: (972) 294-1619