Allen officials hosted the city’s annual State of the City event May 21, discussing upcoming projects, economic growth and reinvesting in aging neighborhoods.

The big picture: Allen is experiencing significant economic growth, especially along the SH 121 corridor. This grows the commercial tax base and helps ease the tax burden on residents, Economic Development Corp. President Dan Bowman said.

Several businesses are opening soon in Allen. Check out the latest business updates from Community Impact.

1. The Coach Coffee Shop: Located inside the Coach store, the coffee shop will serve coffee, sweet treats and more for customers to enjoy while shopping, the release states.

• Opening in summer 2026
• 820 W. Stacy Road, Ste. 190, Allen

• Opening May 27
• 505 Century Parkway, Allen

Texas officials released a draft of their next state water plan in April, projecting that state and local governments will need to spend $174 billion in the next 50 years to prevent a water crisis.

The details: The three-member Texas Water Development Board voted April 16 to publish an initial draft of the 2027 State Water Plan, laying out what is needed to prepare for a future “drought of record,” when water demands are highest and supplies are lowest.

The $174 billion price tag is more than twice the cost projected in Texas’ 2022 state water plan, which was $80 billion.

The context: As Texas’ population continues to grow, water restrictions and shortages are becoming more common in areas throughout the state. At the same time, major companies are moving to Texas and communities are contemplating large data center projects, with some residents expressing concerns about high water use in the already drought-prone state.

The proposed plan includes 3,000 proposed water management projects and 6,700 strategies to increase Texas' water supplies through 2080.