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Politics and Buisness - Stag Business Coaching

Date postedOctober 24, 2025
Posted By: Jamie Hinojosa Community, Education,

This episode of the Business Growth Master Class from Stag Business Coaching features guest Drew Gray, Principal and Chief Investment Officer at the Stellar family of companies, who discusses the critical importance of business leaders engaging in local politics.

Key Discussion Points:

  • Multi-Family Real Estate Focus: Drew Gray's company is solely focused on multi-family real estate (apartment complexes) in Texas, with five operating arms covering everything from development to management 01:30 Opens in a new window .

  • The Impact of Local Policy: The hosts and Drew dive into the impact of local policy on business, specifically focusing on the debate around impact fees in Lubbock, Texas. Drew explains that impact fees are one-time, upfront charges on new construction properties intended to fund infrastructure improvements 03:10 Opens in a new window .

  • Successful Business Advocacy: Drew details how the development community successfully advocated for the city to set the recently enacted impact fees to zero 14:43 Opens in a new window . The core argument was that these fees acted as a "double taxation" on new, tax-revenue-generating growth 07:52 Opens in a new window and ultimately disincentivized development, which raises the overall cost of living and housing affordability 11:01 Opens in a new window .

  • Call to Action for Business Owners: The conversation concludes with a strong message that politics is a "high stakes game" for business 45:53 Opens in a new window . Business owners are urged to get involved in local politics—from city councils to school boards—and to support their trade associations to ensure policies remain pro-business and pro-family 25:44 Opens in a new window , 30:48 Opens in a new window .

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