Business View Magazine | August 2022

177 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 8 Bonham: Taking flight with economic developments on the horizon How one city is utilizing its key economic drivers to embrace progress With its natural beauty and the opportunity to fish, boat, and ski on Lake Bonham, Bonham TX has proven to be a popular destination for many years. The grand opening of the 16,000-acre Bois d’Arc Lake on October 14th will be a further addition to the recreational opportunities that the city of Bonham has to offer. The Texoma region, which includes portions of Northeast Texas and lower Oklahoma, is booming. Enormous investments by Texas Instruments and ancillary industries are driving the need for housing and increased amenities. Bonham’s natural beauty and exceptional recreational opportunities are attracting strong residential and commercial development. Six hundred acres of housing are in the planning stages in Bonham, with an additional 2000 acres under negotiations, to accommodate a fast-growing residential demand. The city benefits from multiple transportation routes to accommodate traffic to Bonham and Bois d’Arc Lake from the Dallas-Fort Worth Metroplex. Highway 121, a four-lane highway that leads straight to DFW Airport in under an hour, along with 78, which heads north to Arkansas, and 82, leading east to Louisiana simplify logistics for freight and personal travel. Another major economic driver for Bonham is Jones Field Airport. Available hangars and an on- site fuel facility and mechanic are all available at Jones Field. Recent upgrades and expansions to the airfield now accommodate more private activity and the air traffic is increasing. With a well-run and efficient local government firmly in place, the city of Bonham is prepared to get things done. City Manager, Sean Pate, has led the city forward for eight years, and Mayor “H” Compton and his Council are progressive and open to development. In addition, the Bonham Economic Development Corporation (BEDCO) Board is composed of solid business leaders in the community, two of whom are bank presidents. With the opening of Bois d’Arc Lake and increased airport amenities coupled with increased housing opportunities and commercial development, the city of Bonham is taking flight into its bright economic future! ...... For more information, please visit our website www.cityofbonham.org