Status
Closed
Closing Date
December 2010
Location
Dalhart, Texas
QEI
$4.5M ($4.5M Project)
Description of QALICB
Pacesetter CDE’s investment helped create a series of retail, restaurant, and office centers which provide significant tax revenues to the local community and have helped fund additional high school teaching positions. The first store was completed by June 2011. Frontier Fuel is a woman-owned retail store located in rural North Texas. This was Pacesetter CDE’s first opportunity to invest directly into a “community experience” project. This project, while providing a new opportunity for economic development in this Non-Metro town, has become a significant source of revenue, helping to offset municipal costs.
Community Benefits
Located in Dalhart, population 7,237, this retail store is perfectly situated to capitalize on both local and travelling traffic. Dalhart is known by many Texans as the gateway to the Colorado Rockies. The city's position in the northwestern corner of the Texas Panhandle makes it a pivotal stopover for travelers going to or returning from the mountains. The economic benefits of this rural store include the employment of 40 short-term construction jobs. Once the project was completed, thirty full-time employment positions were created and filled. The operator of this project is a long-standing member of the community, and the business has become a focal point in this small, rural town. As an example of its community impact, recently, to honor the memory of local Iraqi War Veteran, the store promoted a Bike Rally. This rally generated hundreds of visitors and provided seven scholarships for local residents seeking higher education and technical apprenticeships.