By 1808Delaware
City leaders and community members will gather Tuesday evening at 8:00 PM in Powell’s Council Chambers at 47 Hall Street for the next meeting of the Powell Development Corporation. On the agenda: a report from the Economic Development Administrator packed with signs of strong momentum and smart investment in the city’s future—plus a new grant proposal aimed at helping a homegrown favorite thrive.
Business is Booming
The latest report outlines substantial economic progress through June 2025, with 16 new businesses or startups—nearly triple the number from the same month last year. These ventures brought 233 full-time jobs, $7.48 million in payroll, and $9.52 million in capital investment to Powell.
In addition, three businesses were retained or expanded, bringing another $210,000 in new payroll and preserving 17 jobs. Four new full-time positions were also added.
Strategic Investments, Big Returns
The City committed $284,900 in grants to support development, which helped generate $3.69 million in private investment—a return on investment of more than 300%. That investment is expected to yield $153,733 in new annual income tax revenue to support city services.
A 30-year projection on Tax Increment Financing (TIF) estimates over $528,000 in non-school payments in lieu of taxes (PILOTs).
Pushing Forward with Purpose
The Economic Development team is currently managing 245 active projects—a 33% increase from June 2024. Business retention efforts have also grown, with 101 direct visits made to local companies, up 77% over last year.
Among the key projects underway:
- Preparing 4630 Powell Road for development, with annexation and zoning in progress to make it a pad-ready site
- Launching a public database of available buildings and sites through Zoom Prospector, which markets properties on powellcic.org and crexi.com
- Weekly marketing outreach via LinkedIn, Facebook, and direct contact with real estate professionals
Supporting a Local Favorite
As part of new business on Tuesday’s agenda, the board will consider a Performance Based Business Retention and Expansion Grant for Local Roots, the beloved Powell eatery and community gathering spot. The proposal aims to support continued growth and stability for one of the city’s flagship local businesses—a move that aligns directly with the city’s goal of enhancing Powell’s vibrancy and economic resilience through targeted incentives.
Building Capacity and Community
Five primary goals guide the city’s economic development strategy, including aligning land use, supporting growing industries, and enhancing Powell’s sense of place. Efforts under those goals include:
- Collaborating with regional partners and local workforce agencies
- Creating Visit Powell, a new downtown marketing and promotions organization
- Launching grant programs to support business attraction, retention, and façade improvements
- Hosting monthly business gatherings to encourage communication between the public and private sectors
Looking Ahead to Tuesday
The Economic Development Administrator’s presentation will spotlight not only what Powell has accomplished this year, but where it’s heading. With business growth, job creation, and thoughtful planning all trending upward—and new investment in a local landmark on the table—the July 22 meeting promises to be a meaningful step forward for Powell’s economic future.
Residents and stakeholders are invited to attend the meeting in person at 8:00 PM.
