Tyler Economic Development Council Completes Purchase of 412 Acres for New Tyler Interstate Commerce Park.
The Tyler Economic Development Council completed the purchase today for 412 acres adjacent to Interstate 20 to develop as a new business park. The new business park will be named Tyler Interstate Commerce Park. Its strategic location at the Interstate 20 interchange with State Highway 155 will provide convenient access for companies to Interstate 20.
“This acquisition is important for us to win future economic development projects that will provide jobs for our residents and further diversify our tax base. We are thankful to the leadership of the Smith County Commissioners Court for their partnership in constructing the future CR 3344. This new roadway will provide access for job-creating companies locating in the new Tyler Interstate Commerce Park,” said Tyler Economic Development Council President and CEO Scott Martinez.
On October 18, 2022, Smith County Commissioners Court committed $4.5 million of its American Rescue Plan Act (ARPA) allocation to fund a new roadway to serve the proposed business park if the Tyler Economic Development Council completed the purchase of the 412 acres. The completion of the purchase by the Tyler Economic Development Council triggers the construction of the new roadway (CR 3344) through the property connecting State Highway 155 and CR 336.