Top-notch vision and in-depth experience. Hold fast and let's go!

Integrity, Leadership & Professional Excellence

David Pettit Economic Development strives to provide premier economic development services
through integrity, leadership and professional excellence.

 

 

Economic Development

In today’s development world the phrase “public/private partnerships” always seems to be present no matter how big or small the project. We offer a unique blend of economic and real estate development services that simply makes public/private projects work, both for the developer and the community. Our team possesses diverse professional experience and has a proven track record of project completion and implementation. We offer a continuum of services including application of local government policies, creative incentive financing, project/program management, and hands-on experience with developing owner-occupied and income producing real estate.

Real Estate Services

Our real estate services will help assess your needs and create a plan that will meet your development objectives. David Pettit Economic Development, LLC. assists in real estate acquisition plans and strategies, incentive identification, and site selection and evaluation. We have experience in comprehensive master plans for new town development, business and industrial parks, research and development centers, mixed-use commercial developments, and downtown revitalization plans.

Public Administration

We have an in-depth understanding of the important link between urban planning and economic development. Our extensive knowledge of economic development policy in combination with our understanding of local governance and policy issues provides a unique insight into developing effective economic development contracts and policies. We have had the benefit of working with a large number of municipalities ranging from Amarillo to Corpus Christi and on projects as diverse as the creation of City-wide economic development policies to site specific projects such as Tax Increment Reinvestment Zones (TIRZ) and Public Improvement Districts (PID).

Our Story

David Pettit Economic Development, LLC. is an economic development firm offering a broad range of development expertise to public, private and institutional clients. Formerly a partner at Bennet Benner Pettit architecture, David Pettit begins his business with nearly 20 years of knowledge and know-how.  Although DPED is a new venture, David’s name recognition contains substantial equity to potential clientele. With strategic guidance, we are able to help navigate public-private partnerships, local government policies, creative incentive financing, project/program management, and many more of the challenges facing our clients. We present an unsurpassed level of quality and commitment by providing sensible solutions that are customized to meet the shifting needs of today’s economy.

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Services Include

  • Incentive Negotiations
  • Economic Development Strategic Planning
  • Cost/Benefit Analysis
  • Cash Flow Modeling
  • Pro-forma Analysis
  • Underwriting of Incentive Package
  • Site Selection
  • Site Planning
  • Disposition of Existing Real Estate
  • Consensus Building
  • City Council Representation
  • New Market Tax Credit Consulting
  • Historic Taxable Value Review
  • Real Estate Appraisal Analysis
  • Market/Financial Feasibility
  • Zoning and Permitting
  • Establishing Tax Increment Reinvestments Zones
  • Project and Financing Plan Review/ Amendments
  • Chapter 380 Grant Contract Negotiations
  • Economic Development Policy Creation
  • Neighborhood Empowerment Zone Creation
  • Developer Solicitation and Negotiations
  • Economic Impact Analysis
  • Cost-Benefit Analysis
  • Site Acquisitions
  • Legislative Review

The three great essentials to achieve anything worthwhile are: Hard work, Stick-to-itiveness, and common sense.

Thomas Edison

Coming together is a beginning; keeping together is progress; working together is success.

Henry Ford

Success is a science; if you have the conditions, you get the result.

Oscar Wilde
 

Far and away the best prize that life offers is the chance to work hard at work worth doing.

Theodore Roosevelt
 

We are what we repeatedly do. Excellence, then, is not an act, but a habit.

Aristotle
 

Diligence is the mother of good luck.

Benjamin Franklin

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About David Pettit

With 20 years of experience, David Pettit oversees economic development and real estate development projects for David Pettit Economic Development, LLC. David focuses on public-private partnerships for medium to large size real estate projects. His efforts include conducting feasibility analysis, contract negotiations and financing mechanisms such as TIF, abatements, and rebates, for both public and private sector clients. David’s extensive experience with multifaceted complex projects provides him with unique insight and creative solutions for complex problems. His previous projects include the successful development and redevelopment of The Tower, Midtown, Montgomery Plaza, West 7th and corporate headquarters for RadioShack, Pier One, and Acme Brick in Fort Worth. Additionally, he has both managed and created multiple tax increment reinvestment zones and public improvement districts addressing a wide range of issues throughout the state of Texas.

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Kacie Kell

Kacie Kell is a project specialist at David Pettit Economic Development, completing research and analysis on numerous economic development projects. Assisting from project initiation to completion, Kacie provides communication and support to clients through every project phase to ensure success. As a former government affairs coordinator for the City of Irving, Kacie understands the complex relationship between the public and private sector and the challenges faced on the path to development. Kacie holds a Master of Public Affairs (M.P.A.), from the University of Texas at Dallas.

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