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Elizabeth Morris, the president and CEO of Insight Research Corporation, updated the Allen City Council on Tuesday over the economic development from 1993 to 2019.
In 1992, Allen voters authorized the Allen Economic Development Corporation and Insight Research to conduct a study that would cover the city’s economic growth from 1993 to 2019. Insight Research monitored 144 projects over the course of the study.
“We began monitoring the projects commissioned by the Allen Economic Development Corporation in 1993, which is when they had their first development that started showing progress,” Morris said.
Between 1993 and 2019, the city’s tax rate decreased from $0.766 to the current rate $0.489. Morris said she expected it to lower the following year as more studies were conducted. ....

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