The Prosper Economic Development Corporation (EDC) is pleased to share news that the multinational retail corporation, Costco, has chosen Prosper, Texas as its new home in North Texas. The new Costco will be situated at the corner of FM 1385 and US 380, marking it the first Costco location in Prosper.
The announcement was made after months of speculation and anticipation. The new Costco is expected to be a significant addition to the local community and will create new job opportunities in the area, generating significant economic benefits for the town. Costco Wholesale is a multi-billion dollar global retailer with warehouse club operations in eight countries. The new store in Prosper, Texas, is expected to be a significant addition to its growing network and is anticipated to provide a boost to the local economy.
The new store's location at the intersection of FM 1385 and US 380 is perfectly situated to attract customers from across the area. The new store will feature a broad range of products, including groceries, electronics, furniture and other merchandise, all at highly competitive prices.
"The Town Council and our community are very excited to welcome Costco to Prosper. Personally, I am very thankful for all the work that the Costco team and the staff of the Town of Prosper and the Prosper EDC put in to make this a reality,” said Prosper Mayor, David Bristol. “We are all excited to have a new partner for economic growth in our community!"
“The Prosper Economic Development Corporation is excited to partner with the Town of Prosper and welcome Costco to Prosper,” said PEDC President, Jordan Simms. “Attracting high quality retailers is an important part of our mission. Costco will bring additional jobs to the fast-growing community. And more importantly, they will bring additional sales tax and property tax revenues that will help Prosper fund town infrastructure and the school district to ensure we maintain our high standards. We look forward to working with Costco to open the Prosper location as they serve both Prosper residents and the surrounding communities.”
A groundbreaking ceremony for the new Costco in Prosper is tentatively expected in Fall of 2023. Learn more about Costco Wholesale by visiting Costco.com.