between Mansfield, the city’s extraterritorial jurisdiction and some of the communities immediately bordering Mansfield.
The development will also feature an innovation center to foster home-grown entrepreneurs in Mansfield. The Mansfield City Council passed a tax increment reinvestment zone agreement with Hoque Global. The TIRZ provides an annual reimbursement grant until it expires in 2037, in a total amount of up to about $8 million. A staff report describes the development as “one of the most catalytic public/private projects in the city’s downtown core.
What do you see Mansfield becoming over the next decade, specifically through an economic development lens? We want more men and women who see Mansfield as a place where they can plant and grow. We’re hoping that an innovation center makes that happen. The city council understands that downtown is the epicenter for any city. Downtown sets the benchmark for who you were and who you’re going to be. That is the character of a city.