Economic Development

The City of Lake Worth strives to support our existing business, while also attracting new businesses, to meet the needs and desires of our citizens.

Lake Worth is located 10 miles west of downtown Fort Worth and covers 2.5 square miles of well-established neighborhoods lined with live oak trees, making our city a premier home for all age groups.

Residents of Lake Worth have varied reasons for living here, from the family friendly community feel to our outstanding city services and centralized location. Lake Worth continues to be a quiet community with multiple amenities that include our Senior Center, Library, and eight community parks.

The businesses that call Lake Worth home have the benefit of being centrally located within an economic corridor connected by Highway 820 and Highway 199. This provides plenty of traffic past our storefronts and easy access to the shops and restaurants that abound in our small town.

Although we are often praised for the attribute of a small-town atmosphere, we always welcome opportunities to accommodate new growth and seek new ideas from our residents and business partners.

Comprehensive Future Land Use Plan

Pursuant to the Comprehensive Future Land Use Plan, the City of Lake Worth has strategically positioned Lake Worth with a desired mix of retail, planned mix-use residential, light industrial and parks for the sustainability of the community.

Hotel Occupancy Tax Policy

The City Council approved the implementation of a Hotel Occupancy Tax (HOT) policy to support tourism which stimulates commercial activity and supports Lake Worth businesses. 

Incentives Policy

The City Council approved the implementation of an Incentive policy to further enhance the City's economic development efforts in attracting various commercial industries.

Property Enhancement Incentive Policy

The City Council approved the implementation of a Property Enhancement Incentive Policy to improve the physical appearance of businesses as well as visibly enhance the City's commercial corridors.

Small Business Assistance Program
The City Council approved the Small Business Assistance Program on June 9, 2020.  Qualified companies will be selected and funds allocated on a first-come, first-served basis.  The Lake Worth City Council approved a resolution on June 9 establishing a Small Business Assistance Program that will provide a total of $65,000 in immediate, short-term financial assistance grants to qualified Lake Worth businesses impacted by the corona-virus pandemic.  For more information on requirements or general information, view HERE.
Available Properties/Sites
Goals and Objectives
  • Identify and assist retail developers to commit, invest and build new high-quality municipal sales tax generating projects in Lake Worth;
  • Assist our present landowners in the sale and development of potential retail sales to their best use;
  • Recruit new and retain existing Lake Worth retailers, restaurants and other businesses that Lake Worth citizens and visitors desire and will support.