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 March 2026
Thanks for subscribing to D Economy, where you will read the very latest about economic development news, events, and programs in the City of Dallas.
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D ECONOMY: NEWS
 2026 South Dallas Fair Park Opportunity Grant Awards
The South Dallas/Fair Park Opportunity Fund (SDFPOF) board of directors has selected five grantees under the most recent Notice of Funding Availability (NOFA) for the Human Development Program. The Human Development Program provides grants to nonprofits for new or expanded programs that improve workforce participation, small-business growth, health, public safety, or educational outcomes in the South Dallas/Fair Park area. A total of $200,000 was awarded this cycle to support transformative initiatives in the community. The organizations that were awarded grant funding are as follows:
Funding for human development projects is offered up to two times a year through a NOFA process. For updates and more information on the South Dallas/Fair Park Opportunity Fund, click below.
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Southern Dallas Development Selected for Free Mile-Long Transit Tunnel
The University Hills development located in southern Dallas was chosen by The Boring Company (TBC) as one of three winners of its Tunnel Vision Challenge. The competition invited individuals, companies, and governments to submit proposals for a one-mile-long tunnel to be fully funded by TBC. 487 submissions were evaluated on usefulness, stakeholder engagement, and technical, economic, and regulatory feasibility. Hoque Global—developer for University Hills—proposed a mile-long underground tunnel that would link the mixed-use University Hills site to the UNT Dallas DART station.
The Boring Company will next conduct due diligence. If the project is feasible, TBC will privately fund construction, providing a transit tunnel that bypasses surface traffic and enhances mobility in southern Dallas.
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Prep Kitchens, the largest provider of commercial and coworking kitchen spaces in the U.S., now has a Dallas location operating on Regal Row near Love Field. Prep Kitchens Dallas is the first As-of-Right tax abatement project to begin operations. In 2023, As-of-Right tax abatements were authorized in the Economic Development Policy by the City of Dallas to activate real estate development and job creation in underserved areas by offering temporary tax abatements of net new real property or business personal property taxes. Prep Kitchens Dallas will benefit from a 10-year, 90% real property abatement under the City's As-of-Right tax abatement program.
Prep Kitchens Dallas is over 59,000-square-feet and offers more than 50 permit-ready private kitchens, shared kitchen stations, and mobile food service support, providing flexible space for caterers, bakers, packaged food manufacturers, and meal prep businesses. Tenants will benefit from turnkey, fully licensed kitchens, cold and dry storage, business support services, and 24/7 access. This project strengthens the local food ecosystem, supports job creation, and expands opportunities for entrepreneurs to launch and scale culinary businesses in Dallas.
Incentive Inquiry Tool
Do you need help determining the best incentive program for your project?
Complete our Incentives Inquiry Tool!
Have questions for the Office of Economic Development?
Have questions for the Office of Economic Development? Staff will be available every third Thursday of the month during office hours between 3 p.m. and 4 p.m. for questions regarding the City's economic development tools. Join us for our next monthly meeting on April 16 at 3 p.m.
>>Learn More
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