New businesses arrive as Mansfield economy strengthens in 2012
January 18, 2013 by Mark
As 2012 came to a close, a number of Mansfield officials spoke positively about the growth of the area and its economy during the year – including Mayor Pro Tem Larry Broseh, who said the city “more than held its own”.
Mansfield enjoyed welcome recovery from the recent recession, allowing the city to fund significant increases in city spending. During four previous years, the city was essentially limited to covering operating costs at the expense of infrastructure improvements. 2012, however, saw an upsurge in sales taxes, building permit fees, and ad valorum (increased property value) taxes, generating a $2m budget increase.
Although city planners are tempering their optimism with caution, the consensus remains that the economic climate in Mansfield has taken a definite upturn. Evidence of this can be seen in the recent expansion of the local industrial and retail sectors, providing a wealth of opportunity for local printing services.
Major new arrivals include Klein Tools, which is relocating several operations to its existing site at Heritage Parkway and a new site near Mansfield Industrial Park. Don Lee Farms, a California-based company, will upgrade a recently vacated building on south 5th Street. A new Mellow Mushroom restaurant is planned at Broad and Main Streets, on the site currently occupied by the old city jail and the abandoned Station House. Kroger-owned Broad Street Commons represented 123,000 of the over 150,000 square feet of new retail shopping built since 2011.
Membership in the Mansfield Area Chamber of Commerce not only increased by 10 percent during the year, but an increase in volunteerism and activity was noted by president Amanda Miller.