REGIONAL ECONOMIC DEVELOPMENT GUIDE
Dallas-Fort Worth: America’s Best Business Location
Top Corporate Destination
No. 1 in U.S. for 5-Year Job Growth
Low Taxes and Cost of Doing Business
No. 1 in U.S. for New High-Tech Jobs
No. 1 in Texas for Higher Education
2024 DALLASCHAMBER.ORG
No State Personal Income Tax Population Growth: 2000-2023: 379% Bachelor ’s Degree 33.6% (246,796) Graduate Degree + 19 9% (146,230) No State Corporate Income Tax Population: 214 ,810 UNIQUEMCKINNEY.COM (972) 547-7651 Meet McKinney. LEARN MORE 5th Fastest Growing City in the US Top 100 Places to Live - livability.com Lorem Ipsum
Minutes from DFW Airport | Lakeside Retail | Miles of Walking Trails | Light Rail Station Coming Soon Minutes from Plano, Frisco & Grandscape | Walkable Retail | Miles of Trails | Abundance of Nature Many words can describe our properties, these are just a few of our favorites. Looking to relocate to the nation’s fastest growing market? Learn more at DFWOfficeRelocation.com Amenity-Rich. Talent-Packed. Mixed-Use. Office Campuses.
Keri Samford, Executive Director of Development 972.624.3127 • edc@thecolonytx.org • www.TheColonyEDC.org
Access to a growing labor pool of over 600,000 within a 30-minute commute of the city.
RD.
PATRICK RD.
TRACT 4 137.745
ACRES
TRACT 3 106.59
ACRES
TRACT 2 138.65
ACRES
TRACT 1 101.00
ACRES
Land, utilites - including water, natural gas, electricity and high speed telecommunication - are a ordable and available. And now with the new South Grove industrial park under construction, options are even better.
MARSHALL
Waxahachie o ers so many ways to get people and pallets there and back: Air transportation options include DFW International, Love Field and Mid-Way Regional Airports. Highway access is easily accessible at The Crossroads. And Tier 1 BNSF and UP rail access connects Waxahachie to the Inland Port of Dallas and the Port of Houston.
BUTCHER RD.
AUSTIN RD.
LOFLAND INTERCHANGE
MARSHALL RD.
SOLON RD.
SOLON RD.
35E
Where Businesses Find New Energy.
From the piney woods of East Texas to the plains of West Texas and everywhere in between, Oncor’s infrastructure attracts companies near and far and has for more than 100 years. As the largest electric delivery company in Texas and a 21st century energy innovator, we fuel economic growth across the state.
OUR INNOVATION IS DRIVING OPPORTUNITY
$15B+ Capital investment planned through 2026
13M+ Texans served across 400+ communities in nearly 100 counties
10,500+ Miles of new/upgraded transmission & distribution lines in the past 5 years
200+ New substations added since 2019
Connecting business to Texas opportunity - That’s our bottom line. Learn more at thinkbigthinktexas.com
DISCOVER DISCOVER FIND US ONLINE! 972.772.0025 info@rockwalledc.com www.rockwalledc.com
RocKwall RocKwall
COMFORT
Where big city amenities meet small-town charm
EXCELLENCE
Where industry collides with luxury
DIVERSIFIED
Where both corporate offices and industrial powerhouses flourish
COMMUNITY
Where neighbors are friends and strangers are friendly
Where education and workforce are top priorities
PRO BUSINESS
Where businesses continue to grow and thrive QUALITY
AFFORDABLE
Where living comfortably can be both luxurious and affordable
Just 23 miles east of downtown Dallas, it’s an easy
trek, and will be easier upon the completion of the $800 million Interstate 30 widening project
The 550-acre Rockwall Technology Park is just minutes from the beautiful 23,000-acre Lake Ray Hubbard
While Rockwall has an established reputation in manufacturing, the REDC
recently purchased two 10-acre sites to capitalize on our strong, white-collar population
All across the Lone Star State you’ll find a friendliness you don’t find elsewhere, and you can feel safe knowing
Rockwall’s crime rate is more than 60% lower than the state and national average workers within a 45-minute drive of Rockwall
Our “A” rated school district is ranked in the top 10% of Texas schools, and there are more than 2.8 million REDC offers robust incentive packages including cash and/or land incentives to qualified companies who are expanding or relocating.
In the past year, Rockwall County’s housing prices were 15% less than surrounding DFW counties, and the consolidated tax rate is one of the lowest in the area at $1.565445 per $100 valuation
OLD TOWN LEWISVILLE
economicdevelopment@cityoflewisville.com
2024 AMERICAN PLANNING ASSOCIATION TEXAS CHAPTER BUSINESS-FRIENDLY & STREAMLINED PERMITTING PROCESSES
ONE OF THE LOWEST TAX RATES IN THE DFW METROPLEX
TOP 100 U.S. CITIES FOR ECONOMIC & POPULATION GROWTH - 2022 SMARTASSET
RETAIL OCCUPANCY RATE
INDUSTRIAL OCCUPANCY
RATE Photoby:BlackallPhotography
CITIES THAT ARE PRIMED FOR METEORIC JOB GROWTH - 2024 MONEY MAGAZINE
972.219.8476
We are the difference | munckwilson.com Dallas | Austin | Houston | Waco | Los Angeles | South Florida | Orlando When you hire Munck Wilson Mandala. Award-winning verdicts. Award-winning deals. Affordable lawyers. When you don’t. We are the difference | munckwilson.com Dallas | Austin | Houston | Waco | Los Angeles | South Florida | Orlando When you hire Munck Wilson Mandala. Award-winning verdicts. Award-winning deals. Affordable lawyers. When you don’t.
THE MAVERICK FACTOR MEANS
THE MAVERICK FACTOR MEANS
IMPACT
UTA is committed to being a for economic development and well beyond. Not only do our alumni hold leadership positions at every Fortune 500 company in North Texas, but 79% of them live in Texas, contributing to our economic impact of $28.8 billion impact—that’s
UTA is committed to being a driving force for economic development in the region and well beyond. Not only do our alumni hold leadership positions at every Fortune 500 company in North Texas, but 79% of them live in Texas, contributing to our economic impact of $28.8 billion in the state. Real-world impact—that’s the Maverick Factor.
IMPACT
UTA.EDU
Located on Interstate 35
50 Minutes to downtown Forth Worth, TX
50 Minutes to downtown Dallas, TX
38 Minutes to DFW Airport
49 Minutes to Love Field
30 Minutes to Alliance Airport
Access to a talented labor pool
BNSF Rail
Sanger Independent School District
Growing residential base
Recreational opportunities
Historic Downtown Incentives to qualified projects
Sanger Economic Development Corporation
(940)
sbradshaw@sangertexas.org
Discover Sanger, TX – where strategic location meets unparalleled quality of life. Nestled just off I-35, 10 minutes north of Denton, and thirty minutes south of the Oklahoma border, Sanger offers a prime position for both residents and businesses. With easy access to three major airports, this thriving community provides a seamless blend of convenience and connectivity. Residents savor an exceptional quality of life, surrounded by the beauty of Lake Ray Roberts, charming boutique shops, and an array of dining choices. The City’s commitment to economic development is evident in the availability of several large tracts of land along I-35, making it an ideal hub for distributors and manufacturers seeking a strategic base for growth. Sanger, where you can truly have it all – a flourishing economy, a picturesque environment, and a vibrant community.
https://discoversanger.com
LOCATION
STRATEGIC
WE OFFER CITY OF SANGER
US
CONNECT WITH
458 - 9096
Street
TX 76266
YOU CAN’T HAVE IT ALL?
301 Bolivar
Sanger,
WHO SAYS
Director of Economic
Shani Bradshaw,
Development
www.sangertxedc.org THE BEST PLACE TO LIVE, WORK, AND GROW!
REGIONAL ECONOMIC DEVELOPMENT GUIDE Advertising, Bulk Copies, or Other Inquiries publisher@dallasnext.com Mailing Address P.O. Box 822168, Dallas, TX 75382 The DALLAS® Regional Economic Development Guide is published for the Dallas Regional Chamber by Dallas Next LLC. Copyright ©2024 with all rights reserved. No part of this publication may be reproduced or reprinted without written permission. Neither the Dallas Regional Chamber nor Dallas Next is a sponsor of, or committed to, the views expressed in these articles. The publisher is not responsible for unsolicited contributions. Exclusively Published for the Dallas Regional Chamber by Dallas Next A DALLAS REGIONAL CHAMBER PUBLICATION 18 REGIONAL ECONOMIC DEVELOPMENT GUIDE DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE Editor Quincy Preston quincy@dallasnext.com Editorial Director David Seeley Creative Director Michael Samples Project Editor Sandra Engelland Contributing Editor Glenn Hunter Copy Editor John Branch DALLAS NEXT DALLAS® PUBLICATIONS + DALLAS INNOVATES Group Publisher Kyle Moss kyle@dallasnext.com Business Development Steve Reeves steve@dallasnext.com Director of Media Operations Kevin Fitch fitch@dallasnext.com 2024 Cover design: Michael Samples
LET’S RODEO!
Saddle up with industry giants.
Mesquite isn’t just the birthplace of professional rodeo, we are the seat of logistics and manufacturing, and some real giants of industry are riding into town. We have 10 million square feet of ready-to-build industrial space, over 1.5 million skilled workers nearby, a vibrant community, 10,000 new homes in the making, and 4 major highways strategically connecting us all.
CANADIAN SOLAR
One of the largest solar companies in the world is investing $250 million into their first U.S. manufacturing plant in Mesquite.
GENERAL DYNAMICS
Will occupy a 249,011 square foot manufacturing facility in Mesquite 635 Business Park.
Join Canadian Solar and General Dynamics in North Texas’ hottest seat of manufacturing. Saddle up with us! MesquiteEcoDev.com
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 20 22 Dallas Regional Chamber Welcome 22 Accolades 24 Strategic Priorities 26 Top Investors 28 Economic Development Services 30 DFW Marketing Team 32 Economic Development Allies ...... 34 39 Connectivity Location 40 Access 42 Dallas Fort Worth International Airport and Dallas Love Field ....... 44 Nonstop Flight Times .............. 46 Transportation Infrastructure ....... 48 Public Transit ..................... 50 Regional Veloweb 52 Mobility 2045 54 High-Tech Mobility 56 Digital Infrastructure 58 61 Talent Regional Population ............... 62 Demographics.................... 64 Migration 66 Labor Supply 70 Commuting Patterns 72 Drive Times 74 Worker Place of Residence 76 Skills Development 86 Higher Education Accolades ....... 88 Training, Colleges, and Universities ..90 97 Industry Industry Diversity 98 Advanced Services 100 Manufacturing 102 Financial Activities 104 High-Tech 106 Health Care 108 Life Science ..................... 110 Aviation and Aerospace ............112 Hospitality ...................... 114 Logistics 116 119 Business & Economy Major Companies and Headquarters ................ 120 Top Employers................... 122 Fortune 1000.................... 124 Major Headquarters Relocations 126 Recent Expansions and Relocations 128 Small Business .................. 130 International Companies .......... 132 Global Trade .................... 134 137 Innovation The Innovation Ecosystem 138 Innovation Districts 142 Centers of Excellence 144 149 Costs & Incentives Cost of Doing Business 150 Wages and Salaries 152 Utilities—Electricity 154 Utilities—Water, Sewer, Gas, and Telecommunications ......... 156 Taxes and Union Activity .......... 158 Real Estate—Office ............... 160 Real Estate—Industrial 162 Real Estate—Retail 164 Corporate Business Climate 166 Local, State, and Federal Incentives 168 173 Living & Lifestyle Cost of Living ................... 174 Market Tapestry ................. 176 Housing Costs and Choices ....... 178 Live-Work-Play 182 Apartment Costs 184 New Home Sales 186 Schools—Public Education 188 Schools—Private Education 190 Arts, Culture, and Entertainment ... 192 Parks and Recreation ............. 196 199 Project Pipeline Significant Projects 200 Future Projects 204 Regional Map 208 REGIONAL ECONOMIC DEVELOPMENT GUIDE Contents
Welcome
A letter from the Dallas Regional Chamber
The Dallas Regional Chamber (DRC) is proud to serve as the voice of business and the champion for economic growth in our region. Our 60-person team works hard every day to help make the Dallas Region the best place in America for all people to live, work, and do business.
This guide tells the story of the Dallas Region’s remarkable and sustained economic strength and showcases what a great time it is for you and your business to call our region home.
Since 2010, more than 250 companies have moved their headquarters here, including six Fortune 500 companies. The Dallas Region leads the nation’s major metros in five-year job growth—and it’s not even close. You might not expect it, but one-third of Texas’ tech jobs are here, and we’re No. 5 in the country for total tech jobs. And the federal government’s selection of Dallas as the home of one of three national hubs for the new Advanced Research Projects Agency for Health confirms our region’s status as a burgeoning powerhouse for life sciences and biotechnology innovation.
The breadth and depth of industries and major companies operating in our region means a diverse array of businesses can find their place and thrive here. The last 11 Fortune 500 headquarters that moved here represent nine different industries. The sheer size of our region helps, too. It means companies can put down roots in a community that has just about everything to meet their needs.
The Dallas Region is a mecca for sports fans with all four major league sports represented, and our arts and culture scene is rich and vibrant. These traits, coupled with our diverse job market and favorable tax environment, make us a destination for the best and brightest workers from around the world.
The talent base already studying, living, and working here is top-notch, too. Dallas-Fort Worth is No. 1 in Texas for higher education enrollment (more than 343,000 students) and degrees completed (more than 55,000 degrees awarded), and 72% of students stay and work in our region
after graduation, creating a robust and educated pipeline of workers for our companies.
The Dallas Region has an enviable location in the middle of the southern U.S., serving as a major hub for rail, freight, air, and highway traffic. We’re in the middle of North America, halfway between Mexico City and Toronto. Our accessibility and business-friendly climate help make us one of the most productive regions in the nation, and our high quality of life at an affordable cost makes this a great place to start a career and raise a family. Opportunity abounds, and the DRC is committed to making sure we maintain and grow the qualities that make our region great—while helping ensure all people have a chance to share in this prosperity by narrowing opportunity gaps that exist in companies, communities, educational institutions, and health care. It’s our vision that the business community uses this sweet moment in time to share resources, knowledge, and acumen to catalyze change that improves the quality of life for all people.
We still have much to achieve, and our track record of strong and steady progress tells us we can turn each new possibility into reality—with your help. There’s no better place in America to be than right here, right now. By working together, we will make tomorrow in the Dallas Region even better than today.
2024 CHAIR OF THE BOARD
Cynt Marshall
CEO
Dallas Mavericks President & CEO
Dale Petroskey
Chief Operating Officer & Chief Financial Officer
Angela Farley
Economic Development, Senior Vice President
Mike Rosa
Research & Innovation, Senior Vice President
Duane Dankesreiter
Research & Innovation, Vice President
Eric Griffin
Communications, Marketing & Events, Senior Vice President
Dana Jennings
Education & Workforce, Senior Vice President
Jarrad Toussant
Talent Strategies, Senior Vice President
Elizabeth Caudill McClain
Public Policy, Senior Vice President
Matt Garcia
Diversity, Inclusion & Community Engagement, Senior Vice President
Latosha Herron Bruff
Membership, Senior Vice President
Meghan Kelley Wehner
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 22 DALLAS REGIONAL CHAMBER | WELCOME
Dale Petroskey President and Chief Executive Officer Dallas Regional Chamber
2024
PLANO
Nationally Ranked. Locally Focused.
Come be part of a business culture powered by national brands, progressive startups and growing businesses ready to take that next, big step. With new programs to drive economic development, we’re creating a business environment where companies, like yours, can truly thrive. Take the next step to a brighter future.
We’re Building The Future.
Smart People. Smart Place.® | planotexas.org
Accolades
Dallas-Fort Worth is one of the top regions in the nation for business, thanks to a low cost of living, business-friendly environment, strong base of well-educated and skilled employees, and robust access to both U.S. and international markets through its transportation network.
Year after year, the region’s selling points are lauded by business experts at respected publications, including Bloomberg Businessweek, Forbes, Fortune, and Site Selection Magazine.
Key metrics tracked by the Federal Reserve Bank of Dallas, which covers an area that includes Texas, northern Louisiana, and southern New Mexico, show the region to be among the strongest in the country.
Additionally, the communities comprising the Dallas-Fort Worth region are consistently ranked among the top places to work, the best places to live, and the best places for investment.
1 # #
in the country for 5-year job growth (593,700 jobs) among largest U.S. metros for year-overyear job growth (3.3%)
BLS, Dec. 2023
Dallas-Fort Worth was first among large metros to recover pandemic job losses, adding more jobs in the past 5 years than the next two metros combined.
8
8
24
“Dallas is just such a great place for travel, for the resources in the community, the talent you can draw on...[prior to relocating we] o ered every single person in our company a weekend trip, and we flew them [to Dallas] with their families…That was probably part of our success.”
Global 500 Companies Fortune, 2023
World’s Most Admired Companies Fortune, 2022
Fortune 500 Companies
Fortune, 2023
Brian S. Tyler
Chief Executive O icer
“Dallas continues to be the bellwether of a true diversified market for real estate growth and sustainability. With its centralized national location, proximity to inland and port trade routes, and the availability of land, North Texas remains the central focal point for employers and skilled workers to operate their businesses.”
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 24 DALLAS REGIONAL CHAMBER | ACCOLADES
2 FORTUNE 10 COMPANIES Tied with San Jose. NYC, L.A., and Chicago have none.
GLOBAL 50 COMPANIES Only Beijing and Seattle are home to more. 1 Best State for Business Chief Executive Magazine 19 Consecutive Years Chris Bone Senior Managing Director, CBRE 2
“In addition to the logistical advantages Dallas o ers...this relocation is beneficial from a number of standpoints, including a lower cost of living and access to a highly educated workforce...”
John Ho, CEO
#22 of 500
Most Innovative Cities in the World
2023 2thinknow
Best Performing Cities—Dallas
2023 Milken Institute
Airport Satisfaction
#4 #4
Mega Airport
Large Airport
J.D. Power, 2023
The cost of doing business in Dallas is on par with the national average.
#11
Best cities in North America for startups
StartupBlink, Global Startup Ecosystem Index, 2023
#1
Best cities for conducting sports business
Sports Business Journal, 2023
Top 100
List of the largest green power users within EPA’s Green Power Partnership Participant Rank
5. AT&T (Dallas)
14. Kimberly-Clark (Irving) 29. 7-Eleven (Irving)
42.
83.
Three R1: Doctoral Universities
The Dallas Region added 467 New Residents each day
25%
Increase
75% Net Migration U.S. Census, 2021-2022
Carnegie Classification of Institutions of Higher Education: Very High Research Activity
“We believe it’s in the best strategic interest of the company to make this move [to DFW], which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world. ”
Jim Umpleby
Chairman and CEO Caterpillar
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 25 DALLAS REGIONAL CHAMBER | ACCOLADES 101.9 Dallas 100.0 U.S. Avg.
Moody’s
Natural
153.5 New York 197.7 San Francisco
#6
33. City of Dallas (#2 city)
DFW International Airport (#1 airport)
DataBank (Dallas)
74. Aligned Data Centers (Plano) 75.
Worth)
American Airlines Group (Fort
PRIORITIES
2024-2026 Strategic Plan
Alongside our 700-plus member companies and partners, the DRC works hard each day to improve the quality of life for all people in the Region through strategic, integrated work four focus areas: Prosperity & Economic Development; Education, Talent & Workforce; Policy; and Diversity, Inclusion & Community Engagement.
Alongside our 700-plus member companies and regional partners, the DRC works hard each day to help improve the quality of life for all people in the Dallas Region through strategic, integrated work in our four focus areas: Prosperity & Economic Development; Education, Talent & Workforce; Public Policy; and Diversity, Inclusion & Community Engagement.
Alongside our 700-plus member companies and regional partners, the DRC works hard each day to help improve the quality of life for all people in the Dallas Region through strategic, integrated work in our four focus areas: Prosperity & Economic Development; Education, Talent & Workforce; Public Policy; and Diversity, Inclusion & Community Engagement.
We serve as the preeminent voice of the business community and a bridge to the public, education, and nonprofit sectors to drive growth and prosperity for all who call the Dallas Region home and for those interested in coming here.
as the preeminent voice of the business community and a bridge to the public, education, nonprofit sectors to drive growth and prosperity for all who call the Dallas Region home those interested in coming here.
We serve as the preeminent voice of the business community and a bridge to the public, education, and nonprofit sectors to drive growth and prosperity for all who call the Dallas Region home and for those interested in coming here.
The work of the DRC’s strategic plan is funded by our Tomorrow Fund investors.
TOMORROW FUND
The work of the DRC’s strategic plan is funded by our Tomorrow Fund investors.
An investment in the DRC's Tomorrow Fund makes possible our strategic e orts to improve life for all people while enhancing the business climate and economy of the Dallas Region. in the Tomorrow Fund, you become a valued partner in our long-term mission and enhance company's ability to do good for our region and all the people who live, work, and do business
TOMORROW FUND
PROSPERITY & ECONOMIC DEVELOPMENT
Prosperity & Economic Development
investment in the DRC's Tomorrow Fund makes possible our strategic e orts to improve the quality of people while enhancing the business climate and economy of the Dallas Region. By investing Tomorrow Fund, you become a valued partner in our long-term mission and enhance your company's ability to do good for our region and all the people who live, work, and do business here.
We champion the growth of existing Dallas Region companies and innovation while positioning our region as a prime destination for living, working, and doing business.
We champion the growth of existing Dallas Region companies and innovation while positioning our region as a prime destination for living, working, and doing business.
Education, Talent & Workforce
PROSPERITY & ECONOMIC DEVELOPMENT
EDUCATION, TALENT & WORKFORCE
We foster a talent pipeline that meets the needs of employers and prepares workers and future workers for job opportunities that lead to a fulfilling life and career.
We champion the growth of existing Dallas Region companies and innovation while positioning our region as a prime destination for living, working, and doing business.
We foster a talent pipeline that meets the needs of employers and prepares workers and future workers for job opportunities that lead to a fulfilling life and career.
PUBLIC POLICY
EDUCATION, TALENT & WORKFORCE
Public Policy
We foster a talent pipeline that meets the needs of employers and prepares workers and future workers for job opportunities that lead to a fulfilling life and career.
PUBLIC POLICY
We advocate for policies and outcomes that preserve Texas’ economic competitive advantage and support a prosperous life for Texans in the near and long term.
We advocate for policies and outcomes that preserve Texas’ economic competitive advantage and support a prosperous life for Texans in the near and long term.
DIVERSITY, INCLUSION & COMMUNITY ENGAGEMENT
Diversity, Inclusion & Community Engagement
We advocate for policies and outcomes that preserve Texas’ economic competitive advantage and support a prosperous life for Texans in the near and long term.
We work to narrow opportunity gaps that exist within companies, communities, and educational institutions to promote a high-quality life for all people in the Dallas Region.
We work to narrow opportunity gaps that exist within companies, communities, and educational institutions to promote a high-quality life for all people in the Dallas Region.
DIVERSITY, INCLUSION & COMMUNITY ENGAGEMENT
of the DRC’s strategic plan is funded by Tomorrow Fund investors. Become a partner in our mission. To invest in the DRC’s Tomorrow Fund, contact memberinfo@dallaschamber.org.
Become a partner in our mission.
We work to narrow opportunity gaps that exist within companies, communities, and educational institutions to promote a high-quality life for all people in the Dallas Region.
To invest in the DRC’s Tomorrow Fund, contact memberinfo@dallaschamber.org.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 26
DALLAS REGIONAL CHAMBER | STRATEGIC PRIORITIES
OUR PRIORITIES
Tomorrow Fund
An investment in the DRC’s Tomorrow Fund makes possible our strategic efforts to improve the quality of life for all people while enhancing the business climate
Dallas Love Field (DAL), located just seven miles from downtown Dallas, achieved a significant milestone in 2023 by serving over 17 5 million passengers Recognized as the busiest medium hub airport in the U S , DAL has earned prestigious awards, including ACI-World's Airport Service Quality and ACI-NA's MarComCX The airport plays a pivotal role in reshaping the airport experience Over its history, DAL has contributed more than $5 6 billion to the economy, elevating labor income by $1 7 billion through the support of over 28,000 local jobs DAL is dedicated to expanding its footprint and enhancing aviation services for an unparalleled travel experience
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 27
Top Investors
The Dallas Regional Chamber (DRC) recognizes the following companies and organizations for their membership investment at one of our top levels. Companies in bold print are represented on the DRC Board of Directors. For more information about the benefits of membership, call (214) 746-6600.
1820 Productions
55 Seventy Wine Cellar & Tasting Room
7-Eleven, Inc.
Accenture LLP
Access Healthcare Services USA LLC
Acme Brick Company
AECOM
AJC – American Jewish Committee
Akin, Gump, Strauss, Hauer & Feld LLP
Aligned Data Centers
AlixPartners LLP
Allie Beth Allman & Associates
Alston & Bird LLP
Amazon
Amegy Bank of Texas
American Airlines Center
American Airlines, Inc.
American Cancer Society
American Heart Association, Dallas Division
American National Bank of Texas
American Red Cross
AMN Healthcare
Andrews Distributing Company of North Texas
Arcosa
Armstrong Relocation and Companies
Ashford
At Home
AT&T
Atmos Energy Corporation
Aurora
Austin Industries
AvreaFoster
Axxess
B&H Engineers, Inc.
Baker & McKenzie, LLP
Baker Botts L.L.P.
BAL
Balfour Beatty
Bally Sports Southwest
Bank of America
Bank of Texas
Bare Roots Landscape Solutions
Barnes & Thornburg
Bay Immigration Law PLLC
Baylor Scott & White Health
Bell Nunnally
BFS Advisory Group
BGSF
Big Rock Educational Services
Billingsley Company
BioLabs Pegasus Park
Blue Cross and Blue Shield of Texas
BMO Transportation Finance
BNY Mellon Wealth Management
Boeing
Boingo Wireless
BOKA Powell
Bombardier Aviation
Bottle Rocket
Brasfield & Gorrie
Bridgepointe Technologies
Broadway Dallas Brunswick Group LLP
Buckner International
Builders FirstSource
Business Jet Center
BuzzBallz/Southern Champion
Cadence Bank
Capco
Capgemini
Capital Factory
Capital One Bank
Carrington, Coleman, Sloman & Blumenthal, L.L.P.
Carter Arnett PLLC
Carter Financial Management
Carter, Inc.
Caterpillar, Inc.
Cawley Partners
CBD Kratom
CBRE Group, Inc.
CEC Facilities Group
Cenergistic
Cenero
CENTURY 21 Judge Fite Company
CGI Technologies and Solutions, Inc.
Champion Partners
Charles Schwab & Co., Inc.
Chickasaw Nation
Children’s Health
Choctaw Nation of Oklahoma
Citi
City Electric Supply
City of Lancaster
CitySquare
Clark Hill PLC
CMC
CMP
Coca-Cola Southwest Beverages
Collateral Edge
Colliers
Comerica Bank
Commemorative Air Force Commerce Bank
Communities In Schools of the Dallas Region
Cook Children’s Health Care System
Corgan
Corrientes 348 Argentinian
Steakhouse
Corrigan Investments, Inc.
CRA | Admired Leadership, Inc.
Crescent Real Estate Equities, LTD.
Criado & Associates, Inc.
CrossFirst Bank
Crow Holdings
Crowe LLP
Crown Castle
Crown Laboratories, Inc.
Cruise
Cumming Management Group Inc.
Cushman & Wakefield of Texas, Inc.
CyrusOne
Dallas Baptist University
Dallas College
Dallas Mavericks
Dallas Stars Hockey Club
Dallas Symphony Association
Dallas Wings
Dal-Tile Corporation
Daseke Inc
Data Center Coalition
Dave & Buster’s Dallas
De La Vega Development
DeGolyer and MacNaughton
Deloitte LLP
DENSO Products and Services Americas, Inc.
DeSoto Economic Development Corporation
DFW International Airport
DHD Films
Digit7
Diodes Inc.
DLR Group
Dormae Products / Milton Sleep Company
Dow-Caide Custodial Supply Inc.
DPR Construction
DroneUp
E Smith Advisors
EarthX
Ebby Halliday Companies
Edelman
EisnerAmper
Ernst & Young LLP
EssilorLuxottica
Estrada Hinojosa & Company, Inc.
Exeter Finance
F2G Solutions Inc
Faegre Drinker
FASTSIGNS - Northeast Dallas
FedEx Office
Fidelity Investments
Fifth Third Bank
Financial Additions
First Horizon Bank
Flexport
Flowserve Corporation
Fluor Corporation Headquarters
Fortrea
Forvis LLP
Freeman
Freese and Nichols, Inc.
Fresh Consulting
Frito-Lay North America
Frontier Communications
Frost Bank
Frost Brown Todd LLC
Furniture Marketing Group
Gaedeke Group
Galderma
George W Bush Foundation
Globe Life
Goldman Sachs & Co, LLC
Google Graham Mortgage Corporation
Granite Properties
Grant Thornton LLP
Green Brick Partners
Greenberg Traurig
GS Dallas LP
Gulfstream Aerospace Corporation
Gupta & Associates Inc.
Hall Group
Harness IP
Harwood International
Hattie Hill Enterprises, Inc.
Haynes and Boone, LLP
H-E-B/Central Market
Highland Park Village
Hill & Wilkinson General Contractors
Hillwood Development Company, LLC
Hilti North America
Hilton Anatole
Hines Interests LP
HKS Inc.
HNTB Corporation
HOK
Holland & Knight LLP
Holmes Murphy
HOLT CAT
Hoque Global Real Estate
HUB International Insurance Services
Hunt Consolidated, Inc./Hunt Oil Company
Imaginuity Interactive
Improving Enterprises, Inc.
Inclusion Cloud
Independent Financial
In-N-Out Burger
Integrity Marketing
Interior Resources Group
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 28 DALLAS REGIONAL CHAMBER | TOP INVESTORS
International Leadership of Texas
Invitation Homes
Invited
ISHIR
Ito En North America
Jackson Spalding
Jackson Walker LLP
Jacobs
JBJ Management
JE Dunn Construction
Jefferies LLC
JLL
Jones Day
JPMorgan Chase & Co.
Kanarys, Inc.
KDC Real Estate Development & Investments
KEIRUS BY KJE
KERA
Ketchum Public Relations
KFM Engineering and Design
Kimberly-Clark Corporation
Kirkland & Ellis
KPMG LLP
L.A. Fuess Partners Structural Engineers
Labora Group
Latino Center for Leadership Development
Law Offices of Erika N Salter, P.C.
Legacy West
LH Capital
Linebarger Goggan Blair & Sampson, LLP
Littler Mendelson, P.C.
Live Nation
Locke Lord LLP
Lockheed Martin Missiles and Fire Control
Lockton Dunning Benefits
LURIN Advisors, LLC
Lynn Pinker Hurst & Schwegmann, LLP
M&J Lupton Investments, LLC
Marsh & McLennan Agency (MMA)
Marsh USA Inc.
Mary Kay Inc.
Matthews Southwest
McCarthy Building Companies, Inc.
McCownGordon Construction
McGlinchey Stafford
McGuire, Craddock & Strother, PC
McKesson Corporation
McKissack & McKissack
Medical City Healthcare - HCA North Texas
Mercer Method HRM
Methodist Health System
Michaels, The Arts & Crafts Store
Momentus Capital
Montfort Capital Partners
Morgan Stanley
Moss and Associates
Mr. Cooper Group
Munck Wilson Mandala LLP
Munsch Hardt Kopf & Harr, P.C.
MV Transportation, Inc.
MW Logistics, LLC
Nabro Holdings, LLC
NEC Corporation of America
NewsRadio 1080 KRLD
NexPoint
Nexstar Media Group
Next Version Solutions LLC
Northern Trust
Norton Rose Fulbright
NTT DATA Inc.
O’Melveny & Myers LLP
Omni Dallas Hotel
Oncor
On-Target Supplies & Logistics Ltd
Open Channels Group, LLC
Openkey
Options Clearing Corporation
Optym, Inc.
OVG360
Pacific Builders
Pacific Elm Properties
Palos Garza Logistics
Pape-Dawson
Parkland Health and Hospital System
Parkland Health Foundation
Parrish Restaurants, Ltd.
Pathway Homes
Paycom
PDR
Pegasus Bank
Penske Motor Group
Perkins and Will
Perot Museum of Nature and Science
PGA of America
Philanthropy Kids
PlainsCapital Bank
Plug and Play
PMI Global Services, Inc.
PNC
Premier Protective Security
Premier Truck Group
Prime 45 Development LLC
Primoris Services Corporation
Prism Health North Texas
PROAN Trading LCC
Probe Group
Prosperity Bank
Protiviti
PwC
R.E. Warner and Associates, Inc.
Raise Your Hand Texas
Raising Cane’s
Raytheon, an RTX business
RECARO Aircraft Seating Americas, LLC
Regions Bank
Reimagine RedBird
Reliant, an NRG company
Remington Hospitality
Roam
Rogers-O’Brien Construction
Ross Tower
RSM US LLP
Rudolph Foods
Russell Reynolds Associates Inc.
Ryan LLC
Salesforce
Sands Corporation
Santander Consumer USA
Scottish Rite for Children
Sewell Automotive Companies
Shackelford, Bowen, McKinley & Norton LLP
Sherman Economic Development Corporation
Sidley Austin LLP
Simmons Bank
Sixth Street
Slalom
Smart City Networks
Smith Seckman Reid, Inc. (SSR)
SMU - Southern Methodist University
Snell & Wilmer
Southern Glazer’s Wine and Spirits
Southwest Airlines
Southwest International Trucks
Southwestern Medical Foundation
Southwest Office Systems
Spectrum Spencer Fane LLP
Starbucks Coffee Company
State Farm Insurance Companies
Steptoe & Johnson PLLC
Stinson
Structure Tone Southwest, LLC
Suffolk Construction
Susser Bank
T.D. Jakes Foundation
Talent Suite
Tangram Interiors
Target
Tata America International Corp.
TDIndustries
Tech Mahindra (Americas) Inc.
TechStars
Teknology Source
Tenet Healthcare
Texas A&M University
Texas A&M UniversityCommerce
Texas Capital Bank
Texas Christian University
Texas Health Resources
Texas Instruments, Inc.
Texas Mutual Insurance Company
Texas Rangers Baseball Club
Texas Tech University Health Sciences Center
Texas Woman’s University
The Beck Group
The Boston Consulting Group Inc.
The Bridge Homeless Recovery Center
The Commit Partnership
The Crowther Group
The Dallas Morning News
The Fairmont Hotel
The Joule
The Ritz-Carlton, Dallas
The Rogers Healy Companies
The Salvation Army
The University of Texas at Arlington
The Westin Dallas Downtown
Third Wave Innovations
Thomson Reuters
TIAA
Tom Thumb - Albertsons
Toronto Stock Exchange and TSX Venture Exchange
Town of Addison
Toyota Motor North America
TriNet Pharma
Trinity Industries, Inc.
Trinity Park Conservancy
Truist Bank
Turner Construction Company
TXU Energy
U.S. Bank
UMB Bank N. A.
Unica Enterprises LLC
University of North Texas at Dallas
University of North Texas System
University of Texas at Dallas USAA
UT Southwestern Medical Center
Vaquero
Veritex Holdings
Verizon Wireless
Vizient, Inc
Walmart, Inc.
Waymo
Weaver
Weil, Gotshal & Manges LLP
Wells Fargo
West Coast University Texas
West Monroe
White Rock Medical Center
Whitley Penn
Willow Technologies
Wing
Winstead PC
Worlds
WSP USA
Young Women’s Preparatory Network
Zipline
Zirtue
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 29 DALLAS REGIONAL CHAMBER | TOP INVESTORS
Economic Development Services
The Dallas Regional Chamber (DRC) works with our member companies and regional partners to strengthen our business community by advocating for pro-growth public policies, improving our educational system, attracting talented workers from around the world, promoting diversity, equity, and inclusion, and enhancing the quality of life for all. Our economic development program works directly with companies, location consultants, and local and state allies to market the region and attract new and expanding corporations. We serve as a single point of contact for companies, site selection consultants, and corporate real estate executives examining the region.
Mike Rosa Senior Vice President
214-746-6735 mrosa@dallaschamber.org
INFORMATION
Kevin Shatley Vice President
214-746-6641 kshatley@dallaschamber.org
n Detailed data, maps, information, and publications
n Estimates of state and local incentives
n Consultations and research support from our experienced team
Kelly Cloud Vice President, Life Sciences
214-746-6749 kcloud@dallaschamber.org
COORDINATION
n Distribution or completion of RFPs
n Connections with local cities, state agencies, companies, and service providers
n Itinerary recommendations to support an effective field visit
Our Service Area
The Dallas Regional Chamber’s economic development team maintains relationships with regional economic development representatives in 20 North Texas counties as well as The State of Texas Office of the Governor. Through these relationships, we assist companies and site location consultants with their corporate location projects.
Elizabeth Koestler Managing Director
214-746-6730 ekoestler@dallaschamber.org
HOSTING
n Itinerary, travel, and hospitality arrangements
Mechelle Jimenez Manager
214-746-6743 mjimenez@dallaschamber.org
Rebecca Loredo Robinson Managing Director
214-746-6694 rloredo@dallaschamber.org
WELCOMING
n Regional, city, state, service provider, and expert presentations
n Meetings with peer executives from local companies
n Information, publications, and orientations for relocating employees
n Executive welcome orientation, receptions, and meals with peers
n Support to achieve local corporate social responsibility goals
Region Location
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 30 DALLAS REGIONAL CHAMBER | ECONOMIC DEVELOPMENT SERVICES
GR A Y S O N CO O K E WI S E P A L O P I N T O ER A T H HO O D SOME R VEL L JOHNSO N EL L I S N AV ARR O HE N DERS O N P ARKE R T ARRAN T D AL L A S K A U FMA N RO C K W A L L DE N T O N C O L L I N HU N T HOPK IN S Dallas-Fort Worth Combined Statistical Area GR A Y S O N CO O K E WI S E P A L O P N T O ER A T H HO O D SOME R VEL L JOHNSO N EL L I S N AV ARR O HE N DERS O N P ARKE R T ARRAN T D AL L A S K A U FMA N RO C K W A L L DE N T O N C O L L I N HU N T HOPK IN S Dallas-Fort Worth Combined Statistical Area
Research and Innovation
The Dallas Regional Chamber maintains a robust and dynamic research and innovation program that is a recognized voice for the Dallas Region’s business community.
Priorities
n Ensure that DRC leaders, the larger business community, and other decision makers have ready access to information that supports economic development, public policy, education & workforce, talent, diversity, inclusion, community engagement, and other strategic initiatives
n Create research products that tell the “DFW Story,” including the breadth, quality, and successes of the DFW community
n Support the launch and growth of innovation activities by connecting entrepreneurs, innovators, researchers, and the business community
Duane Dankesreiter
Senior Vice President 214-746-6772 ddankesreiter@dallaschamber.org
Ben Bhatti Vice President 214.746.6690 bbhatti@dallaschamber.org
Eric Griffin
Vice President 214-746-6688 egriffin@dallaschamber.org
Nicole Ward
Storyteller/Data Journalist 214-746-6617 nward@dallaschamber.org
Christian Manty
Data and Integrations Developer 214-746-6615 cmanty@dallaschamber.org
Amanda Chara Manager 214-746-6734 achara@dallaschamber.org
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 31 31
grew by more than 65% 35 minutes from Downtown Dallas Over 1.1 million people within a 35-minute commuting distance Strategic location between I-45 and I-20 along US Highway 175 and State Highway 34 WE GET IT. LAND YOUR BUSINESS. GREENVILLE’S MAJORS FIELD AIRPORT GREENVILLE, TEXAS WANTS TO Greenville, Texas offers remarkable nationwide access via air, rail and truck — PLUS 1.3 million workers within 40 miles AND abundant low-cost land for development. GreenvilleTXedc.com Economic Development GreenvilleTXedc.com 7x6.625 land your business.indd 1 4/29/19 4:06 PM
DFW Marketing Team
The DFW Marketing Team is an alliance of economic development organizations in the Dallas-Fort Worth area. Our team works with location consultants and corporate real estate executives who are examining the Dallas-Fort Worth region for business locations and expansion opportunities.
The DFW Marketing Team is committed to:
n Facilitating new business development in the Dallas-Fort Worth region
n Assisting with due diligence, research, qualified site identification, and contacts
n Coordinating a regional approach to economic development
n Providing network opportunities among economic development allies
We can connect you to a variety of urban, suburban, and rural opportunities, including:
n Industrial/manufacturing
n Distribution facilities
n Corporate headquarters
n Retail
n Call centers
n Mixed-use developments
n Residential land
n Transit-oriented developments
n Tourism sites
n Airport properties
For more information about the DFW Marketing Team, please call Kevin Shatley at 214-746-6641 or visit www.DFWmarketingteam.com.
DALLAS REGIONAL CHAMBER | DFW MARKETING TEAM
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 32
MAKE IT HAPPEN MAKE IT HERE
Downtown Dallas continues to surge forward, offering unparalleled opportunities for success. Visit DOWNTOWN DALLAS NOW to discover how this vibrant hub serves as the epicenter of endless opportunity.
Economic Development Allies
The Dallas Regional Chamber proudly supports economic development in the 20-county Dallas-Fort Worth partnership region by maintaining relationships with more than 120 key local community allies.
ADDISON, TOWN OF
Wayne Emerson Director of Economic Development (972) 450-7034
Lauren Williams Economic Development Manager (972) 450-7080
ALEDO EDC
Deana McMullen City Secretary & Human Resource Director (817) 778-0147
ALLEN EDC
Dan Bowman Executive Director/CEO (972) 727-0252
David Ellis Assistant Director (972) 727-0212
Eileen Gonzales Marketing Director (972) 727-0228
Nicole Bywater Economic Development Specialist (972) 727-0229
ALVARADO, CITY OF Emile Moline Economic Development Director (817) 790-3351
ANNA, CITY OF Taylor Lough
Assistant City Manager (469) 861-5080
Bernie Parker
Assistant Economic Development Director (214) 831-5394
ARLINGTON EDC
Marty Wieder Executive Director (817) 459-6155
ARLINGTON, CITY OF
Gus Garcia
Economic Development Director
(817) 459-6155
Marcus Young Economic Development Specialist (817) 459-6117
ATHENS EDC
Elizabeth Borstad Director (903) 677-6613
AZLE, CITY OF David Hawkins Director of Planning and Development (817) 444-7084
Kristen Pegues Community and Marketing Specialist (817) 444-2541
BALCH SPRINGS, CITY OF Charles Fenner Economic Development Director (972) 286-4477
Linda Highwood Economic Development Project Manager (972) 528-6044
BEDFORD, CITY OF
Andrea Roy Assistant City Manager/ Development (817) 952-2175
Audrey Thorne Economic Development Analyst (817) 952-2160
BRIDGEPORT, CITY OF Leah Clark Executive Director (940) 683-2185
BURLESON, CITY OF Alex Philips Economic Development Director (817) 426-9613
Drew Pennywell Economic Development Project Manager (817) 426-9637
CARROLLTON, CITY OF
Robert Winningham Economic Development Director (972) 466-3299
Chris Szymczyk Economic Development Specialist (972) 466-5741
CEDAR HILL EDC
Henry Florsheim Director of Economic Development (972) 291-5132
Louis Castillo Economic Development Specialist (972) 291-5132
Cheryl Vaughan Executive Assistant
(972) 291-5132
Naila Malveaux Marketing Manager (972) 291-5132
Nathaniel Jude Research Analyst (972) 291-5132
CELINA EDC
Alexis Jackson Executive Director (972) 382-3455
Melissa Thomas Marketing Manager (972) 382-3455
Lalaina Alvarez Business Retention & Expansion Specialist (972) 382-3455
CLEBURNE ECONOMIC DEVELOPMENT FOUNDATION, INC.
Jerry Cash Executive Vice President (817) 645-8644
COLLEYVILLE, CITY OF Mark Wood
Assistant City Manager (817) 503-1117
COPPELL, CITY OF Mindi Hurley Director of Community Development (972) 304-3677
CORINTH EDC
Scott Campbell City Manager (940) 498-3240
CORSICANA, CITY OF
Connie Standridge City Manager (903) 654-4803
John Boswell Economic Development Director (903) 654-4806
CRANDALL EDC
Casey Bingham Executive Director (972) 427-3771
Brad Piland Director of Public Works (972) 427-3771
DALLAS COUNTY
Luis Tamayo Director – Dallas County Planning & Development (214) 653-7601
DALLAS REGIONAL CHAMBER
Mike Rosa
Senior Vice President, Economic Development (214) 746-6735
Kevin Shatley Vice President of Economic Development (214) 746-6641
Kelly Cloud Vice President, Economic Development - Life Sciences (214) 746-6749
Elizabeth Koestler Managing Director, Economic Development (214) 746-6730
Mechelle Jimenez Economic Development Manager (214) 746-6743
Duane Dankesreiter
Senior Vice President, Research and Innovation (214) 746-6772
Eric Griffin Vice President, Research and Innovation (214) 746-6688
DALLAS, CITY OF Robin Bentley Director, Economic Development (214) 671-9942
Heather Lepeska
Assistant Director of Economic Development (214) 670-1222
Andy Buffington Business Development Manager (214) 671-9824
Samantha Taylor Business Development Coordinator (214) 671-9093
DALLAS/FORT WORTH INTERNATIONAL AIRPORT
John Brookby
Vice President, Commercial Development (972) 973-4660
DECATUR EDC
Kevin Holzbog Executive Director (940) 393-0350
Barbara Metcalf Executive Administrative Assistant (940) 393-0354
DENISON DEVELOPMENT ALLIANCE
Tony Kaai President (903) 464-0883
DENTON ECONOMIC DEVELOPMENT PARTNERSHIP
Kendall Carlson Director of Marketing & Communications (940) 382-7151
DENTON, CITY OF Erica Sullivan Economic Development Program Administrator (940) 349-7731
Christina Davis Business Development Administrator (940) 349-7730
Emilio Montalvo Economic Development Analyst (940) 349-7731
DESOTO DEVELOPMENT CORPORATION
Matt Carlson Executive Director (972) 230-9605
Antoine Long Economic Development Manager (972) 230-9608
DUNCANVILLE, CITY OF Agustin Garcia Director of Economic Development (972) 780-4997
ENNIS, CITY OF Jim Wehmeier
Director of Economic Development (972) 878-4748
EULESS, CITY OF Michael Warrix
Director of Planning & Economic Development (817) 685-1684
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 34 DALLAS REGIONAL CHAMBER | ECONOMIC DEVELOPMENT ALLIES
EVERMAN, CITY OF
Michael Nicoletti
Director, Economic Development (817) 293-0525
FAIRVIEW, TOWN OF Dave Quinn
Interim Director (214) 775-0617
FARMERS BRANCH, CITY OF
Allison Cook
Director of Economic Development & Planning (972) 919-2507
Chris Webb
Economic Development Manager (972) 919-2551
Stephanie Mullins Economic Development Coordinator (972) 919-2509
FARMERSVILLE, CITY OF Ben White
City Manager/Public Works Director (972) 782-6151
Rodney Williams
Executive Director (972) 782-6151
FATE, CITY OF
Justin Weiss
Assistant City Manager (972) 771-4601
FERRIS, CITY OF Brooks Williams City Manager (972) 544-2110
FLOWER MOUND, TOWN OF
Ray Watson
Director of Economic Development (972) 874-6045
Melody Eby Economic Development Specialist (972) 874-6044
FORNEY EDC
Lynn Spencer Economic Development Director (972) 552-6463
Christy Stewart Economic Development Specialist (972) 552-6465
FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIP
Robert Allen
President & CEO (817) 880-8460
Jessica Heer Executive Vice President of Economic Development (817) 880-8459
Sara Thurber Vice President of Economic Development (817) 880-8461
FORT WORTH, CITY OF
Robert Sturns Director of Economic Development (817) 392-2663
Michael Hennig Economic Development Manager (817) 392-6024
Cherie Gordon Business Development Coordinator (817) 392-6053
FRISCO EDC
Jason Ford President (972) 292-5158
Gloria Salinas Vice President (214) 671-8049
Harry Whalen Director of Business Attraction, International (972) 292-5156
Stefanie Wagoner Director of Business Retention & Expansion (972) 292-5157
Jeremiah Anderson Director of Innovation (972) 292-5164
Emily Pollard Head of Marketing & Communications (972) 292-5159
Payton Capps Manager of Corporate Attraction (972) 292-5140
Erika Saracho Research Analyst (972) 292-5165
GAINESVILLE EDC
William Myers Executive Director (940) 312-3398
Stephanie Striplin Administrative Officer (940) 665-5241
GARLAND, CITY OF Ayako Schuster Economic Development Director (972) 205-3818
GRANBURY, CITY OF
Chris Coffman City Manager (817) 573-1114
Lance LaCour
Director of Economic Development (682) 279-8223
Darlene Du Val Administrative Assistant (817) 573-1114
GRAND PRAIRIE, CITY OF
Terry Jones
Business ManagerIndustrial Recruitment, Retention & Expansion (972) 237-8020
Kay Brown-Patrick Business Manager - Retail Recruitment, Business Retention and Enterprise Development (972) 237-8446
Richard Nevins
Business Manager - Office Attraction, Redevelopment, Medical & Hospitality (972) 237-8063
GRAPEVINE, CITY OF Garin Giacomarro Director of Economic Development (817) 410-3382
Ana Erwin Commercial Outreach Manager (817) 410-3108
Steven Jones
Market Research Manager (817) 410-3153
GREATER IRVING-LAS COLINAS CHAMBER OF COMMERCE
Diana Velazquez
Vice President of Economic Development (214) 217-8470
Sharon Hardaway Economic Development Coordinator (214) 507-5091
GREENVILLE BOARD OF DEVELOPMENT
Greg Sims President/CEO (903) 455-1197
John Dickson
Director of Business Development/Retention (903) 455-1197
Barbara Carter
Executive Assistant (903) 455-1197
GUNTER, CITY OF Ben Rodriguez
Director of Community and Economic Development (903)-433-5185
HALTOM CITY, CITY OF Rex Phelps City Manager (817) 222-7745
HEB ECONOMIC DEVELOPMENT FOUNDATION
Mary Frazior Director (817) 540-1053
HIGHLAND VILLAGE, CITY OF Autumn Aman Community Development Coordinator (972) 899-5093
HURST, CITY OF Chris Connolly Executive Director of Economic Development & Tourism (817) 788-7025
HUTCHINS EDC
Guy Brown CEO (972) 225-4449
JACKSBORO EDC
Brenda Tarpley Executive Director (940) 567-3151
JOHNSON COUNTY ECONOMIC DEVELOPMENT COMMISSION
Diana Miller Executive Director (817) 556-6985
KAUFMAN EDC
Stewart McGregor Executive Director (972) 932-5332
KEENE, CITY OF Don Martin Assistant City Manager (817) 641-3336
KELLER, CITY OF Mark Hafner City Manager (817) 743-4020
Mary Meier Culver Economic Development Director (817) 743-4021
Siale Langi Economic Development Specialist (817) 743-4021
KENNEDALE EDC
Darrell Hull City Manager and EDC Executive Director (817) 985-2102
Rosie Ericson Deputy City Secretary (817) 985-2105
LANCASTER, CITY OF Shane Shepard Director of Economic Development (972) 218-1314
Karl Stundins Assistant Director of Economic Development (972) 218-1303
LAVON EDC
Pamela Mundo Executive Director (214) 773-0966
LEWISVILLE, CITY OF
Marichelle Samples Director of Economic Development (972) 219-3400
Christina Williams Economic Development Manager (972) 219-3722
Christina Barrera Economic Development Coordinator (956) 821-3560
LITTLE ELM EDC
Jennette Espinosa Executive Director (214) 975-0455
MANSFIELD EDC
Jason Moore Executive Director (817) 728-3651
Natalie Phelps Economic Development Project Manager (817) 728-3653
MCKINNEY EDC
Michael Kowski President / CEO (972) 547-7687
Michael Talley
Senior Vice President (972) 547-7659
Madison Clark Director of Business Retention & Workforce Development (972) 547-1083
Deana Smithee Operations Manager (972) 547-7690
Caroline Causey Project Manager (972) 547-1086
Mike Wilkes Project Manager (972) 547-1085
Luke Gajary Marketing Manager (972) 547-7691
Melanie Molina Executive Assistant (972) 547-7651
MELISSA, CITY OF Jason Little City Manager (972) 838-2338
Dave Quinn Economic Development Director (214) 775-0617
MESQUITE, CITY OF Kim Buttram Director of Economic Development (972) 216-6340
Beverly Abell Downtown Development Manager (972) 216-6450
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 35 DALLAS REGIONAL CHAMBER | ECONOMIC DEVELOPMENT ALLIES
MESQUITE, CITY OF
James Johnson
Downtown Development Coordinator (972) 204-4927
Alberto Rivera Economic Development Coordinator (972) 216-6446
Lisset Palma Economic Development Marketing and Events Specialist (972) 204-4928
MIDLOTHIAN ECONOMIC DEVELOPMENT
Kyle Kinateder President and CEO (972) 723-3800
MINERAL WELLS, CITY OF
David Hawes Executive Director (940) 328-7700
Nate Dyhre Director of Economic Development (214) 701-7385
MURPHY, CITY OF
Jared Mayfield Director of Economic & Community Development (972) 468-4006
NORTH CENTRAL
TEXAS COUNCIL OF GOVERNMENTS
Prit Patael
Senior Economic Development Manager (817) 704-5666
NORTH RICHLAND HILLS, CITY OF
Craig Hulse Director, Economic Development (817) 427-6091
Elizabeth Copeland Economic Development Analyst (817) 427-6093
NORTHLAKE, TOWN OF
Nathan Reddin Development Director (940) 242-5703
Lancine Bentley Economic Development Coordinator 940) 350-9344
OAK POINT EDC
Stephen Ashley City Manager (972) 294-2312
ONCOR ELECTRIC DELIVERY COMPANY
Wilson Peppard Economic Development Director (817) 876-8417
Heather Ledbetter Economic Development Manager
(214) 486-3919
PANTEGO EDC
Joe Ashton City Manager (817) 617-3705
Cathy Allen PEDC Coordinator (817) 994-3802
PARKER COUNTY ECONOMIC DEVELOPMENT COUNCIL
Chris Strayer Executive Director (614) 746-6872
Heylee Sears Economic Development Specialist (817) 609-4131
PILOT POINT MUNICIPAL DEVELOPMENT DISTRICT
Denise Morris Executive Director of Economic Development (940) 324-5023
Wendy Haun Economic Development Coordinator (940) 293-7434
PLANO, CITY OF Doug McDonald Director of Economic Development (972) 208-8302
Esmeralda de la Cruz Business Retention & Expansion Manager (972) 208-8305
PRINCETON, CITY OF Derek Borg City Manager (972) 736-2416
DeShawyna Walker EDC/CDC Coordinator (972) 736-2416
PROSPER EDC
Mary Ann Moon
Executive Director (972) 569-1171
Susanne Barney Economic Development Specialist (972) 569-1173
RED OAK, CITY OF Lee McCleary Economic Development Director (469) 218-1208
RICHARDSON, CITY OF
Michaela Dollar
Assistant City Manager (972) 744-4207
Chris Shacklett
Interim Director (972) 744-4249
Miguel Esparza
Innovation and Entrepreneurship Manager (972) 744-5843
RIVER OAKS EDC
Marvin Gregory Executive Director (817) 626-5421
ROANOKE, CITY OF Scott Campbell
Former City Manager (817) 491-2411
ROCKWALL EDC
Phil Wagner President (972) 772-0025
Matt Wavering Vice President (972) 772-0025
ROWLETT, CITY OF Charles Mazarakes
Assistant Director of Economic Development (972) 412-6121
ROYSE CITY, CITY OF Charles Houk Executive Director (469) 652-0723
SACHSE EDC
Jerod Potts Economic Development Manager (469) 429-4764
SACHSE, CITY OF Gina Nash
City Manager (469) 429-4773
SAGINAW, CITY OF Keith Rinehart Director of Community & Economic Development (817) 230-0331
SANGER, CITY OF Shani Bradshaw
Director of Economic Development (940) 458-9096
SEAGOVILLE EDC
Patrick Stallings
City Manager (972) 287-6807
SHERMAN EDC
Kent Sharp President (903) 868-2566
Shannon Blake
Vice President of Business Development (903) 868-2566
Ashton Bellows
Chief Financial Officer (903) 868-2566
April Day Executive Assistant (903) 868-2566
SOUTHLAKE, CITY OF Daniel Cortez Director of Economic Development & Tourism (817) 748-8039
Stephanie Clayton Economic Development Specialist (817) 748-8169
STATE OF TEXAS ECONOMIC DEVELOPMENT & TOURISM
Janie Havel North Texas Region Representative (214) 733-4274
STEPHENVILLE ECONOMIC DEVELOPMENT AUTHORITY
Jeff Sandford
Executive Director (254) 459-4921
Ashleigh Feuerbacher Assistant Director & Senior Project Manager (254) 459-4921
TERRELL EDC
Carlton Tidwell President, EDC (469) 294-5553
Amy Mueller Specialist (469) 206-8079
THE COLONY EDC
Keri Samford
Executive Director of Development (972) 624-3127
Diane Lemmons Business Retention & Expansion Manager (972) 624-3111
TROPHY CLUB, TOWN OF Wade Carroll Town Manager (682) 237-2901
UNIVERSITY OF TEXAS AT DALLAS
Cody Gibbs Economic Development Research and GIS Analyst (972) 883-2295
WATAUGA, CITY OF Jackie Reyff Director of Planning & Economic Development (817) 514-5818
WAXAHACHIE, CITY OF Warren Ketteman
Senior Director of Economic Development (469) 309-4121
Kassandra Carroll Economic Development Coordinator (469) 309-4122
WEATHERFORD, CITY OF Ashley Seitz
Assistant Director of Economic Development (817) 598-4279
WESTLAKE, TOWN OF Ron Ruthven
Director of Planning & Development (817) 490-5739
WHITESBORO EDC
Lynda Anderson Economic Development Director (903) 564-4000
WILMER, CITY OF Rona Stringfellow City Administrator (972) 441-6373
WYLIE EDC
Jason Greiner Executive Director (972) 442-7901
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 36 DALLAS REGIONAL CHAMBER | ECONOMIC DEVELOPMENT ALLIES
FARMERS BRANCH FARMERS BRANCH ECONOMIC DEVELOPMENT DEPARTMENT Allison Cook | Economic Development Director | 972.919.2507 FARMERSBRANCHTX.GOV population 36,442 over 4k businesses | Low tax rate | in the of the DFW metroplex FB
$3.5M
$3.5M
that recently moved its HQ to
and is one the the largest facilities in their Texas portfolio.
$30M
Solar
Solar
One
One of only five locations in the United States, serving the Southwest Region. Expansion to 148,000 SF and over 150 employees. SEW Eurodrive components have a wide variety of uses and their services are utilized by several notable companies including Six Flags, Disney, Tesla, and even Coca Cola.
dedc.org | 972.230.9611 | Antoine Long | along@desototexas.gov 211 E. Pleasant Run Road, DeSoto, TX 75115 SOLAR TURBINES TESTING FACILITY
CAPITAL INVESTMENT
Turbines, Inc., who has been operating within
and is one
the
approximately
square
EOS FITNESS
the City of DeSoto since 1987
of
largest employers in DeSoto with
440 employees, expanded its facility with construction of a 24,000
foot addition that accommodates additional testing, staging and final assembly of its industrial gas turbines for onshore and electrical power generation.
TEXAS EXPANSION
Phoenix-based gym
Dallas
1300 W. Beltline
December
58,178 square
$98,053 AV ERAGE HOUSEHOLD INCOME INTERNATIONAL AIRPORT 31 MINUTES FROM DFW 57,583 POPULATION MEDIAN AGE 38 DOWNTOWN DALLAS 15 Minutes From 1 OF 2 Heliport in the DFW Metroplex is in DeSoto 92% High School Degree or Higher $252,199 MEDIAN HOUSE VALUE UNEMPLOYMENT RATE 4% SEW EURODRIVE
CAPITAL INVESTMENT
EoS Fitness is a
chain
and opened its DeSoto location at
Rd., in
2023. This
foot redevelopment project is the result of a strategic investment from EoS Fitness
$750K
of only five locations in the United States, serving the Southwest Region. Expansion to 148,000 SF and over 150 employees. SEW Eurodrive components have a wide variety of uses and their services are utilized by several notable companies including Six Flags, Disney, Tesla, and even Coca Cola. dedc.org | 972.230.9611 | Antoine Long | along@desototexas.gov 211 E. Pleasant Run Road, DeSoto, TX 75115 SOLAR TURBINES TESTING FACILITY $30M CAPITAL INVESTMENT
Turbines,
the largest
DeSoto
approximately
employees, expanded
construction
24,000 square
accommodates
final assembly
onshore and electrical power generation. EOS FITNESS
Inc., who has been operating within the City of DeSoto since 1987 and is one of
employers in
with
440
its facility with
of a
foot addition that
additional testing, staging and
of its industrial gas turbines for
TEXAS EXPANSION
is a Phoenix-based gym chain
moved
HQ
Dallas and opened its DeSoto location
1300 W. Beltline Rd., in December
This 58,178 square foot redevelopment project
the result of a strategic investment from EoS Fitness
is one the the largest facilities in their Texas portfolio. $98,053 AV ERAGE HOUSEHOLD INCOME INTERNATIONAL AIRPORT 31 MINUTES FROM DFW
POPULATION MEDIAN AGE 38 DOWNTOWN DALLAS 15 Minutes From 1 OF 2 Heliport in the DFW Metroplex is in DeSoto 92% High School Degree or Higher $252,199 MEDIAN HOUSE VALUE UNEMPLOYMENT RATE 4%
EURODRIVE
EoS Fitness
that recently
its
to
at
2023.
is
and
57,583
SEW
$750K CAPITAL INVESTMENT
Connectivity Location Access Dallas Fort Worth International Airport and Dallas Love Field Nonstop Flight Times Transportation Infrastructure Public Transit Regional Veloweb Mobility 2045 High-Tech Mobility Digital Infrastructure 2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 39 Photo: felixmizioznikov/iStock
Location
The Dallas Regional Chamber welcomes you and your company to the Dallas-Fort Worth region. DFW is an innovation hub with a wealth of resources that make it an ideal business location. DFW’s attractive quality of life, strong regional and state economy, low cost of living, skilled labor force, pro-business mindset, and lack of corporate and personal income taxes contribute to a thriving economy.
Forward-looking company leaders seeking a friendly and profitable place to do business have discovered the attributes they are seeking here.
Due to its central location and worldclass transportation infrastructure, DallasFort Worth is a major international gateway. DFW excels in passenger air travel and air cargo operations. The region is home to:
n DFW International Airport, the nation’s second-busiest airport, and home base for American Airlines;
n Dallas Love Field Airport, home to Southwest Airlines, the largest domestic airline in the country; and
n Perot Field Fort Worth Alliance Airport, the world’s first major industrial airport, and home to an Amazon Air hub.
Additionally, DFW’s highways and rail lines are remarkable for the throughput capacity and delivery speed they provide for transporting freight across the country.
Equally important are the region’s efforts to support tomorrow’s transit disruptors like the North Texas Center for Mobility Technologies (NTCMT) that invests in mobility innovation research and deployment.
DFW consistently ranks among the top three U.S. metropolitan areas for business expansions, relocations, and employment growth. The 4.4 million-person workforce is bolstered by a steady influx of young, credentialed, and talented professionals, providing companies with an abundance of skills required to maintain a competitive edge.
Texas’ business climate, combined with the attributes and functionality that DallasFort Worth holds as a major corporate headquarters destination, sends a simple, yet compelling message: There is no better region from which to operate a national or global firm today, next year, and decades into the future.
Central location, leveraged by transportation assets and a favorable business climate
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 40 CONNECTIVITY | LOCATION
Amarillo Lubbock Abilene Galveston Laredo Odessa Corpus Christi Dallas El Paso Fort Worth Houston San Antonio Austin 45 35 37 20 40 20 30 10 10
Portland
Seattle New
San Francisco
Los Angeles
41 CONNECTIVITY | LOCATION DallasFort Worth New York Rio de Janeiro Mexico City Los Angeles London Paris Frankfurt Tokyo Shanghai Buenos Aires Sydney Singapore Mumbai Dubai Moscow Beijing Cape Town Cairo Toronto
Fort Worth Denver Atlanta Chicago Detroit Houston Phoenix
Seattle Boston Dallas
York
Charlotte Washington
Philadelphia
Austin
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE
Miami
San Antonio
Superior combination of location and access featuring DFW Airport, major highways, and rail
“Everything is bigger in Texas” is a familiar phrase that is reflected in the Dallas-Fort Worth region, which has a larger footprint than some U.S. states.
Dallas–Fort Worth is the nation’s fourth-largest metro area. Its central location provides convenient access to all major markets in the U.S. and within the North American trade partnership.
The region functions as a logistics and distribution hub, giving businesses an edge by putting key markets within easy reach of air, truck, and rail cargo shipping.
For business travelers, DFW’s central location translates into real time savings. All major U.S. cities are less than four hours away.
Mexico City, Mexico (MEX)
Toronto, ON, Canada (YYZ)
Los Angeles, CA (LAX)
New York, NY (NYC)
Paris, France (CDG)
Tokyo,
Dallas-Fort Worth Climate
Number
sunny days 230+ days Source:
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 42 CONNECTIVITY | ACCESS
Flight Time From DFW Rail Transit Time
Chicago
Atlanta
Houston
Los Angeles 4+ days
3+ days
3 days
1 day
January 57/36 April 76/55 July 96/76 October 78/57 Annual Average 77/57 Snowfall 1.6 inches Number of rainy days 80 days Precipitation 37.0 inches Wind Speed 10.5 mph 1 2 3 New York City Chicago DFW Los Angeles Seattle Truck Transit Times and Population Served
(°F) Average
Average high/low temperatures
annual weather occurrences
2 hrs. 46 min. 3 hrs. 4 min. 3 hrs. 23 min. 3 hrs. 29min. 9 hrs. 17 min. 13 hrs. 20 min.
Japan (NRT)
% of US Ring Hours Miles Kilometers Pop. Served 1 10 600 966 19% 2 24 1,000 1,609 53% 3 48 1,800 2,887 97%
of
Missouri Census Data Center; XPO Logistics
Dallas Fort Worth International Airport Source: NOAA
Source:
Dallas Fort Worth International Airport’s cargo network connects the region to 38 major hubs around the world.
Cargo Transportation Around the Region
FORT WORTH
Pre-designated foreign trade zone “magnet sites”
Any company may locate on this land and simply activate with customs.
Company/site-specific foreign trade zones
For companies wanting FTZ status but which cannot locate in an existing magnet site.
Rail yard / Intermodal facility
Distribution centers
Custom port of entry
Rail line
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 43 CONNECTIVITY | ACCESS Dallas Fort Worth International Airport Perot Field Fort Worth Alliance Dallas Love Field Addison Airport McKinney National Airport Lancaster Regional Airport Fort Worth Meacham International Union Pacific Dallas Intermodal Terminal Railport BNSF Intermodal Yard Kansas City Southern Wylie Rail Yard Kansas City Southern Garland Rail Yard Union Pacific Miller Intermodal Facility Union Pacific Rail Yard Union Pacific Rail Yard Union Pacific Rail Yard -GM Centennial Yard Liege London Vancouver Macau ShanghaiNagoya Dublin Madrid Rome Sao Paulo Seoul Tokyo Sydney Dallas-Fort Worth Miami Santiago Atlanta Seattle Chicago Los Angeles Honolulu Guadalajara Luxembourg Frankfurt Buenos Aires Brussels Mumbai Mexico City Taipei Singapore Hong Kong Sharjah Doha Anchorage Auckland Glasgow Hefei Zhengzhou
DALLAS
McKINNEY DENTON
Dallas Fort Worth International Airport and Dallas Love Field
Dallas Fort Worth International Airport is an economic engine for the region, generating $37 billion in economic impact annually. Built in 1974 and situated midway between Dallas and Fort Worth, it is one of the highestcapacity commercial airports in the world.
As the headquarters and major hub of Fort Worth–based American Airlines, DFW International Airport offers business travelers a high-frequency schedule and access to any major city in the continental United States in less than four hours. Cargo operations serve 38 major markets around the world, including several key markets in Asia. DFW Airport recently completed a $2.7 billion upgrade to four of its original terminals. A $1.5 billion renovation of its 5th original, and busiest, Terminal C included the installation of innovative modular gates in 2022. A new Terminal F will begin phased construction in 2024 which, with additional improvements to Terminals A and C, will ultimately add 24 new gates and a new Skylink station.
Located just seven miles from downtown Dallas, Love Field is a convenient generaluse airport that serves as the headquarters for low-cost carrier Southwest Airlines. The airport, which served nearly 18 million passengers in 2023, recently underwent a $519 million modernization renovation, including a centralized terminal with 20 gates, a new lobby, and an expanded baggage claim area. DART services Love Field with the “Love Link” providing connections to the Green and Orange lines.
DART’s light rail Orange Line connects DFW International Airport directly with downtown Dallas and beyond. With a completion date in 2025, the new Silver Line will connect the airport with population centers in Collin and Dallas counties.
By the Numbers (2023):
Daily Passengers: 48,196
Total Passengers: 17,591,609
Total Operations: 251,988
Travel Time From Downtown Dallas: 11 minutes
Source:
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 44 CONNECTIVITY | DALLAS FORT WORTH INTERNATIONAL AIRPORT AND DALLAS LOVE FIELD Washington, D.C. Los Angeles Honolulu Chicago New York Boston Miami Orlando Atlanta Charlotte Phoenix Denver Austin San Antonio Houston Detroit Philadelphia Las Vegas Seattle Minneapolis Kansas City Nashville New Orleans Portland San Diego San Francisco Washington, DC Los Angeles San Francisco Burbank Chicago Columbus Indianapolis Orlando Baltimore New York Providence Boston Bu alo Bozeman Boise Charleston Colorado Springs Destin Harlingen Jacksonville Long Beach Louisville Miami Myrtle Beach Norfolk/Virginia Beach Palm Springs Panama City Beach Philadelphia Sarasota Savannah Steamboat Springs Telluride Ft. Lauderdale West Palm Beach Atlanta Tampa San Diego Phoenix Tucson Oakland Sacramento San Jose Fresno Denver Ft. Meyers Pensacola Las Vegas Seattle/Tacoma Portland Spokane Milwaukee Minneapolis/ St. Paul Albuquerque Taos Reno Kansas City Tulsa Memphis Birmingham New Orleans Little Rock Salt Lake City Omaha Charlotte Raleigh/Durham Pittsburgh Ontario Orange Co Nashville Dallas Love Field Austin Houston Corpus Christi El Paso Lubbock Amarillo Midland/ Odessa San Antonio Dallas Fort Worth International Airport high-frequency destinations Dallas Love Field domestic destinations
By the Numbers (2023): Average Daily Passengers: 224,011 Total Passengers: 81,764,044 International Passengers: 11,156,658 Total Cargo (U.S. tons): 774,034
Dallas Fort Worth International Airport
Dallas Love Field
Source: Dallas Fort Worth International Airport
City of Dallas; Dallas Area Rapid Transit
Dallas Fort Worth International Airport: Our Global Center
n 2nd busiest airport in the world (passengers);
n Host to 28 passenger airlines and 21 cargo and freight carriers (active);
n Service to 190 domestic and 63 international destinations out of 5 terminals, 171 gates and 7 runways;
n Ranked best North American airport serving more than 40M passengers per year by Airports Council International;
n Access to every major city in the continental U.S. within four hours;
n 1st NA airport to achieve carbon neutral status and largest carbon neutral airport in the world;
n IATA CEIV Pharma compliant facility for handling temperature-controlled and time-sensitive products, such as vaccines;
n Footprint covering nearly 70 km— larger than Manhattan, with 557k m2 of terminal space;
n Economic output to the Dallas Region totalling $38B, supporting 634K jobs and attracting $28B in visitor spending.
Source: Dallas Fort Worth International Airport
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 45 CONNECTIVITY | DALLAS FORT WORTH INTERNATIONAL AIRPORT AND DALLAS LOVE FIELD
Nonstop Flight Times From Dallas-Fort Worth
The Dallas-Fort Worth region is globally connected. DFW International Airport is the sixth-most globally connected airport megahub in the U.S. according to OAG Aviation Worldwide. In 2023, DFW Airport added or announced new international and domestic flights. Recent highlights include:
n American Airlines established new flights to Melbourne, Helsinki, and Shanghai, as well as increased the frequency of flights to Rome and Paris. The airline also announced that it will launch new service from DFW Airport to Barcelona, Brisbane, Rio de Janeiro, Tulum,
DESTINATION — FLIGHT TIME IN MINUTES
Alaska & Hawaii
Anchorage, AK — 418
Honolulu/Oahu, HI — 493
Kahului/Maui, HI — 497
Canada
Toronto, ON — 180
Montreal-PET, QC — 184
Calgary, AB — 239
Vancouver, BC — 266
South America
Bogotá, CO — 323
Santiago, CL — 564
São Paulo-Guarulhos, BR — 604
Buenos Aires, AR — 618
Europe
Dublin, IR — 515
London-Heathrow, GB — 546
Madrid, ES — 556
Paris-De Gaulle, FR — 557
Amsterdam, NL — 561
Frankfurt, DE — 577
Helsinki, FI —601
Rome-Da Vinci, IT —617
Middle East
Dubai, UAE — 879
Doha, QA — 880
Asia/Pacific
Istanbul, TK —706
Tokyo-Narita, JP — 800
Tokyo-Haneda, JP — 809
Seoul, KR — 906
Auckland, NZ — 923
Shanghai, CN — 958
Sydney, AU — 1015
Melbourne, AU — 1059
and Veracruz in 2024. In addition, American will increase service to destinations in Guatemala, Mexico, and Costa Rica.
n A total of 16 foreign-based airlines fly out of DFW Airport including AeroMexico, Air Canada, Air France, British Airways, Emirates Airways, Finnair, Japan Airlines, Korean Air Lines, Lufthansa, Qantas, and Qatar Airways.
n Domestically, American Airlines added new service to Albany, NY in 2023 and will begin new service to Appleton, WI, Kona, HI, and Redmond, OR in 2024.
n Southwest Airlines services 77
markets out of Love Field, including two destinations—Providence, RI and Long Beach, CA—not served by DFW Airport. Ten new U.S. destinations were added from Love Field in 2023.
The number of nonstop flights from DFW International Airport and Love Field provides travelers with plenty of options as well as convenience. New international routes, more carriers, and increases in air service destinations confirm DFW’s place as a global super hub.
Caribbean
Nassau, BS — 196
Grand Cayman Island, KY — 205
Montego Bay, JM — 226
Providenciales, TC — 245
Punta Cana, DO — 273
San Juan, PR — 284
Saint Thomas, VI — 289
Aruba, AW — 294
Central America
Belize City, BZ — 176
Roatan, HN — 193
Guatemala City, GT — 202
San Salvador, SV — 210
Comayagua, HN — 216
Liberia, CR — 241
San Jose, CR — 249
Mexico
Monterrey, MX — 109
Torreon, MX — 125
Chihuahua, MX — 130
San Luis Potosi, MX — 134
Durango, MX — 141
Zacatecas, MX — 143
Aguascalientes, MX — 145
Leon/Guanajuato, MX — 148
Queretaro, MX — 150
Merida, MX — 150
Morelia, MX — 156
Guadalajara, MX — 159
Mazatlan, MX — 160
Cozumel, MX — 163
Cancún, MX — 164
Mexico City, MX — 166
Puerto Vallarta, MX — 169
Oaxaca, MX — 174
San Jose del Cabo, MX — 177
Ixtapa/Zihuatanejo, MX — 180
Acapulco, MX — 182
Manzanillo, MX — 182
Loreto, MX — 185
Huatulco, MX — 199
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 46 CONNECTIVITY | NONSTOP FLIGHT TIMES
Source: Dallas Fort Worth International Airport
U.S. Midwest
Wichita, KS — 81
Springfield, MO — 85
Manhattan, KS — 93
Ft. Leonard Wood, MO — 94
Kansas City, MO — 95
Garden City, KS — 98
Columbia, MO — 101
St. Louis, MO — 107
Omaha, NE — 109
Des Moines, IA — 114
Grand Island, NE — 115
Evansville, IN — 115
Peoria, IL — 118
Bloomington/Normal, IL — 121
Moline, IL — 123
Cedar Rapids, IA — 123
Champaign/Urbana, IL — 124
Sioux Falls, SD — 129
Indianapolis, IN — 130
Cincinnati, OH — 135
Madison, WI — 135
Chicago-Midway, IL — 139
Milwaukee, WI — 140
Fort Wayne, IN — 143
Rapid City, SD — 144
Dayton, OH — 145
Minneapolis/St. Paul, MN — 145
Chicago-O’Hare, IL — 146
South Bend, IN — 147
Columbus, OH — 148
Grand Rapids, MI — 148
Detroit, MI — 159
Traverse City, MI — 159
Cleveland, OH — 161
Fargo, ND — 164
Bismarck, ND — 166
U.S. Northeast
Pittsburgh, PA — 162
Washington-Dulles, VA — 171
Washington-National, DC — 177
Harrisburg, PA — 178
Baltimore, MD — 180
Buffalo, NY — 180
Syracuse, NY — 189
Philadelphia, PA — 193
Albany, NY — 196
Newark, NJ — 207
Hartford, CT — 208
New York-La Guardia, NY — 209
New York-JFK, NY — 218
Burlington, VT — 222
Portland, ME — 222
Boston, MA — 224
Providence, RI — 290
U.S. South
Waco, TX — 54
Tyler, TX — 55
Abilene, TX — 57
Killeen/Fort Hood, TX — 58
Longview, TX — 59
Lawton/Fort Sill, OK — 63
College Station, TX — 64
Wichita Falls, TX — 65
Oklahoma City, OK — 65
Texarkana, AR — 67
Austin, TX — 67
Shreveport, LA — 68
Tulsa, OK — 70
Fort Smith, AR — 71
San Angelo, TX — 71
San Antonio, TX — 72
Houston-Intercontinental, TX — 73
Lubbock, TX — 75
Stillwater, OK — 76
Monroe, LA — 77
Houston-Hobby, TX — 77
Northwest Arkansas, AR — 77
Alexandria, LA — 78
Little Rock, AR — 78
Midland/Odessa, TX — 79
Amarillo, TX — 81
Lake Charles, LA — 83
Corpus Christi, TX — 85
Beaumont/Port Arthur, TX — 86
Baton Rouge, LA — 87
Laredo, TX — 89
Lafayette, LA — 89
New Orleans, LA — 89
Jackson, MS — 90
Greenville, MS — 91
Memphis, TN — 92
Harlingen, TX — 95 McAllen, TX — 97
Gulfport/Biloxi, MS — 99
Brownsville, TX — 100
AL — 102
Hot Springs, AR — 105
Birmingham, AL — 106 El Paso, TX — 107
Pensacola, FL — 108
El Dorado, AR — 110
Montgomery, AL — 110
Huntsville/Decatur, AL — 111
Nashville, TN — 113
Panama City, FL — 116
Destin-Fort Walton Beach, FL — 120
Chattanooga, TN — 124
Knoxville, TN — 125
Louisville, KY — 127
U.S. West
Clovis, NM — 85
Roswell, NM — 102
Albuquerque, NM — 114
Santa Fe, NM — 119
Colorado Springs, CO — 123
Denver, CO — 130
Durango, CO — 135
Gunnison, CO — 138
Montrose (Telluride), CO — 141
Grand Junction, CO — 143
Vail/Eagle, CO — 143
Tucson, AZ — 145
Hayden (Steamboat Springs), CO — 150
Aspen, CO — 151
Grand Canyon, AZ — 158
Phoenix, AZ — 159
Salt Lake City, UT — 170
Long Beach, CA — 176
St. George, UT — 176
Billings, MT — 178
Las Vegas, NV — 178
Jackson Hole, WY — 179
Yuma, AZ — 180
Idaho Falls, ID — 189
San Diego, CA — 189
Palm Springs, CA — 191
Ontario, CA — 194
Bozeman, MT — 195
Orange County, CA — 199
Los Angeles, CA — 203
Boise, ID — 204
Bakersfield, CA — 205
Burbank, CA — 206
Missoula, MT — 209
Santa Barbara, CA — 210
Fresno, CA — 211
Reno, NV — 213
Kalispell-Glacier, MT — 215
San Luis Obispo, CA — 217
Monterrey, CA — 225
Sacramento, CA — 225
San Jose, CA — 226
Oakland, CA — 227
Spokane, WA — 227
— 131
Atlanta, GA — 130 Harrison, AR — 130 Lexington,
Greensboro,
Daytona
Charleston, SC — 152
Sarasota/Bradenton, FL — 153
Charlotte-Douglas, NC — 153
Hilton Head, SC — 156
Fort Myers, FL — 158
Fayetteville, NC — 158
Orlando, FL — 160
Myrtle Beach, SC — 160
Raleigh/Durham, NC — 163
Key West, FL — 165
Wilmington, NC — 165
West Palm Beach, FL — 166
Fort Lauderdale, FL — 169
Miami, FL — 173
Richmond, VA — 174
Norfolk, VA — 179
San Francisco, CA — 233
Santa Rosa, CA — 239
Eugene, OR — 246
Portland, OR — 249
Seattle, WA — 263
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 47 CONNECTIVITY | NONSTOP FLIGHT TIMES
Mobile,
KY
SC
NC
Columbia, SC
Tri-Cities, TN
Augusta, GA
GA
FL
Tallahassee, FL — 132 Greenville/Spartanburg,
— 136 Asheville/Hendersonville,
— 137
— 138
— 140
— 142 Savannah/Hilton Head,
— 142 Jacksonville,
— 142 Gainesville, FL — 144 Tampa, FL — 147
NC
— 150
Beach, FL — 151
Transportation Infrastructure
Dallas-Fort Worth’s vast transportation infrastructure connects residents and businesses to where they need to go. The freeway system provides accessible corridors to employment centers and centers of commerce. Mass transit options, including Dallas Area Rapid Transit (DART), the Fort Worth T, Trinity Railway Express (TRE), the Denton County Transit Authority’s (DCTA) A Train, and the intermodal TEXRail, offer convenient alternatives to passenger vehicles.
DFW’s robust interstate infrastructure includes critical segments along the USMCA corridor, linking Mexico to Canada and to East and West Coast destinations in the U.S. This makes it an important intermodal center for the distribution of air, rail, and truck freight. The nation’s two largest railroads, Fort Worth-based Burlington Northern Santa Fe and Union Pacific, have major operation nodes in the region offering business-efficient access to other key ports and distribution centers across the United States and into Mexico.
DFW also offers many options for regional and international air travel, including Dallas Fort Worth International Airport (the 2nd busiest airport in the world), the convenient Dallas Love Field, and the first major U.S. industrial airport, Perot Field Fort Worth Alliance.
Commercial Airports
Dallas Fort Worth International Airport (DFW)
Number of runways: 7
Lengths of runways (feet): 8,500; 9,000; 9,300; 13,400 (3); 13,401
2023 Total operations: 689,569
2022 Total operations:
Airports
Dallas Love Field (DAL)
Number of runways: 2
Lengths of runways (feet): 7,752; 8,800
2023 Total operations: 251,988
2022 Total operations: 230,529
Alliance Airport (AFW)
Number of runways: 2
Lengths of runways (feet): 11,000; 11,010
2023 Total operations: 111,778
2022 Total operations: 109,684
9
10 Grand Prairie Municipal
11 Lancaster Regional
12 McKinney National
13 Mesquite Metro
14 NAS Fort Worth Joint Reserve Base
15 Northwest Regional
16 Ralph M Hall/Rockwall Municipal Helicopters and Vertical Take-Off and Landing Aircraft Only:
17 Dallas CBD Vertiport
18 DeSoto Heliport
19 DFW Heloplex/Heliport
20 Ferris Red Oak Municipal Heliport
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 48 CONNECTIVITY | TRANSPORTATION INFRASTRUCTURE
1 Dallas Fort Worth International Airport 2 Dallas Love Field 3 Addison Airport 4 Arlington Municipal 5 Dallas Executive 6 Denton Enterprise 7 Perot Field Fort Worth Alliance
Fort Worth Meacham International Airport
8
Fort
Worth Spinks
2 16 11 10 5 4 9 14 8 7 15 6 1 3 19 17 18 12
656,676
13 Source: Texas Department of Transportation
FAA; Globalair.com
Alliance Airport
Source:
DALLAS
FORT WORTH
McKINNEY
DENTON
Highway construction projects
Construction underway or begins soon
Construction begins within 4 years
Construction begins in 5-10 years
Corridor studies, construction in 10+ years
Major Transportation Construction Projects
The transportation sector is essential to Texas’ future. The movement of goods and people in an efficient manner ensures the economy remains competitive and prosperous. North Texas continues to experience tremendous population growth, which places increased demand on the region’s transportation infrastructure. To meet this demand, billions of dollars are being invested to maintain existing infrastructure, prevent congestion, and ensure mobility and safety by relieving chokepoints and expanding critical corridors. Dozens of projects are currently underway with many more planned for the future.
CURRENT EXPRESS/HOV & NEW MANAGED LANES
Current Express/HOV and New Managed Lanes
The DFW region has the most managed lanes of any metro in the U.S. The area’s regional transportation planning agency has created a program to use managed lanes to ensure that critical transportation modes, such as buses, are able to maintain 50-70 mph speeds in order to reliably arrive on time.
Current express/HOV lanes
New TEXpress managed lanes
Transitional HOV lane
Major roadways
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 49 CONNECTIVITY | TRANSPORTATION INFRASTRUCTURE
HUNT ROCKWALL HOT conversion open 2016 open 2014 open 2016 segments 1 & 2W open 2014 segments 3A open 2018 segment 3B open 2017 segment 3C open 2021 Current express/ HOV lanes New TEXpress managed lanes Transitional high-occupancy vehicle lane Major roadways open 2014 open 2015 open 2017 open 2018
ELLIS
KAUFMAN
DALLAS
JOHNSON TARRANT
PARKER
WISE
DENTON
COLLIN
DALLAS
FORT WORTH
McKINNEY
DENTON
Public Transit
Dallas Area Rapid Transit (DART), which includes light rail, streetcar, and bus service, features the nation’s longest light-rail network enabling easy access to key job centers in Dallas and its suburbs.
DART provides convenient light-rail access to Dallas Fort Worth International Airport (with a second “Silver” line to open in 2025) and connects to the Texas Railway Express (TRE), an intercity commuter train that transports passengers between downtown Dallas and Fort Worth with many stations in between.
Fort Worth residents are served by the “T” which also connects to the TRE. Additionally, the TEXRail commuter train connects downtown Fort Worth to Terminal B at DFW Airport.
The Denton County Transportation Authority (DCTA) operates the A-Train, which connects DART riders in Carrollton to five stations ending in Denton.
DFW Rail System
Source:
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 50 Whi te Ro c k La k e Trinity River La k R y H ubba r d LOVE FIELD VIA BUS 524 DFW GARLAND ROWLETT PLANO RICHARDSON RVING FARMERS BRANCH ADDISON CARROLLTON UNIVERSITY PARK COCKRELL HILL GLENN HEIGHTS HIGHLAND PARK DALLAS MESQUITE CYPRESS WATERS (DALLAS) UT DALLAS KNOLL TRAIL UNT DALLAS CAMP WISDOM D F W A I R PO RT NO RTH ROYAL LANE WALNUT HILL/DENTON TRINITY MILLS FARMERS BRANCH DOWNTOWN CARROLLTON BACHMAN BURBANK SOUTHWESTERN MEDICAL DISTRICT/ PARKLAND MARKET CENTER INWOOD/LOVE FIELD NORTH CARROLLTON/FRANKFORD CENTREPORT/ DFW AIRPORT WEST IRVING DOWNTOWN IRVING/ HERITAGE CROSSING EDDIE BERNICE JOHNSON UNION STATION CEDARS CONVENTION CENTER 8TH & CORINTH MORRELL PEAR L/ARTSDISTRICTAKSTPAUL ARDWESTEND ILLINOIS KIEST VA MEDICAL CENTER LEDBETTER DALLAS ZOO TYLER/VERNON HAMPTON VICTORY MEDICAL/ MARKET CENTER WHITE ROCK LAKE HIGHLANDS PARK LANE WALNUT HILL FOREST LANE SPRING VALLEY ARAPAHO CENTER GALATYN PARK CITYLINE/BUSH DOWNTOWN PLANO LOVERS LANE LBJ/SKILLMAN FOREST/JUPITER DOWNTOWN GARLAND DOWNTOWN ROWLETT CITYPLACE/UPTOWN SMU/MOCKINGBIRD WESTMORELAND PARKER ROAD UNIVERSITY OF DALLAS LAS COLINAS URBAN CENTER NORTH LAKE COLLEGE BELT LINE DFW AIRPORT RVING CONVENTION CENTER LBJ/CENTRAL HATCHER LAWNVIEW LAKE JUNE BUCKNER DEEP ELLUM BAYLOR UNIVERSITY MEDICAL CENTER FAIR PARK MLK, JR. To Fort Worth To Denton Terminal A Terminal B SHILOH ROAD 12TH STREET DFW AIRPORT HIDDEN RIDGE To Fort Worth Dallas North T ollway Pre sidentGeorg e Bush Turnp ike RED BIRD TRANSIT CTR. GLENN HEIGHTS PARK & RIDE ADDISON TRANSIT CTR. JACK HATCHELL TRANSIT CTR. NW PLANO PARK & RIDE S. GARLAND TRANSIT CTR. LAKE RAY HUBBARD TRANSIT CTR. CONNECTIVITY | PUBLIC TRANSIT
Dallas
Area Rapid Transit
DART Dallas
PHOTO:
Streetcar
B l u e Li n e R e d Li n e G r e e n Lin e O ran g e Li n e O ran g e Li n e We e kd ay s Pe a k O n l y Tr i n i t y R ai l w ay E x p r e s s (N o Su nd ay S e r v i ce) T E X R ai l ( Tri n i t y M e t r o) A -Tra i n (D C TA) Tra n s i t Ce nt e r o r Pa r k & R i d e BELL RICHLAND HILLS FORT WORTH CENTRAL STATION FORT WORTH T&P STATION FORT WORTH TRE and TEXRail to Fort Worth Future Services S i l ve r Lin e (2024) DESIGN/CONSTRUCTION UNDERWAY
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 51 CONNECTIVITY | PUBLIC TRANSIT XX M-Line Trolley to CityPlace/ Uptown Station East Transfer Center West Transfer Center Rosa Parks Plaza MAIN ELM PACIFIC GASTON COMMERCE JACKSON WOOD YOUNG CANTON MARILLA WOODALL RODGERSFWY CONTINENTAL W. COMMERCE HOUSTON MARKET LAMAR LAMAR GRIFFIN AKARD ERVAYST.PAUL ERVAYST.PAULHARWOOD MCKINNEY CEDAR SPRINGS HARWOOD OLIVEPEARL FIELD FIELD ROSS FEDERAL LIVEOAK LIVEOAK GOOD LATIMER ROUTH GOOD LATIMER VICTORY CESAR CHAVEZ BLVD. Convention Center Station Victory Station Akard Station St. Paul Station Pearl/Arts District Station Deep Ellum Station West End Station N O RT H EBJ Union Station Future Services Downtown Dallas Silver PLANNING/DESIGN DESIGN/CONSTRUCTION D2 FORT WORTH CENTRAL FORT WORTH T&P FORT TRE and TEXRail Source: Dallas Area Rapid Transit East Transfer Center West Transfer Center West End Akard Victory St. Paul Deep Ellum Kay Bailey Hutchison Convention Center Cedars Union Station TRINITYRIVER TRINITY RIVER B S H O P A V E PO L K S T Z A N G B L V D Z A N G B L V D C E D A R HI LL A V E T Y L E R S T B E C K L E Y A V E MA R S A L S A V E JEF F E R SO N B L V D JEFFERSONBLVD JEFFERSON BLVD DAVIS ST COLORADO BLVD ZANGBLVD 6TH ST 2 M N WALK DALLAS BISHOP ARTS DISTRICT MAP NOT TO SCALE B G C HOUSTONVIADUCT G LEGEND Dallas Streetcar & Stop Trinity Railway Express Commuter Rail and Station DART Light Rail and Station Park STREETCAR KLYDEWARRENPARK POINTS OF INTEREST 1. West Village 2. Cityplace Tower 3. McKinney Plaza 4. William B. Travis Academy 5. Greenwood Cemetery 6. Uptown Visitors Center 7. Quadrangle 8. Hotel St. Germain 9. Maple Manor Hotel 10. Shops at The Crescent 11. Hotel ZaZa 12. The Ritz-Carlton Hotel 13. American Airlines Center 14. Klyde Warren Park 15. AT&T Performing Arts Center 16. Nasher Sculpture Center 17. Dallas Museum of Art 18. Crow Collection of Asian Art 19. Fairmont Hotel 20. Dallas World Aquarium 21. West End McKINNEY AVE COLE AVE CARLISLEST OAKLAWNAVE LEMMONAVEECITYPLACEBLVD HALLST BLACKBURNST LEMMONAVEW LEMMONAVE CEDAR SPRINGS RD MAPLEAVE KATYTRAIL OLIVEPEARLST ST ERVAYST AKARD ST GRIFFIN ST ELM ST PACIFIC AVE ROSSAVESANJACINTOST WOODALLRODGERSFWY MAIN ST COMMERCE ST 1 2 3 4 5 6 7 8 9 10 11 12 13 14 16 17 15 18 19 20 21 Source: MATA Dallas Streetcar M-Line Trolley Downtown Dallas 5 GLENN HEIGHTS CONTINENTAL W. COMMERCE LAMAR VICTORY Victory Station West Station EBJ Union Station Downtown Map Legend Blue Line Red Line Green Line Orange Line Orange Line Weekdays Peak Only Trinity Railway Express (No Sunday Service) TEXRail (Trinity Metro) A-Train (DCTA) M-Line Trolley Dallas Streetcar Transit Center or Park & Ride Inset Map 5 GLENN HEIGHTS CONTINENTAL W. COMMERCE LAMAR VICTORY Victory Station West Station EBJ Union Station Downtown Map Legend Blue Line Red Line Green Line Orange Line Orange Line Weekdays Peak Only Trinity Railway Express (No Sunday Service) TEXRail (Trinity Metro) A-Train (DCTA) M-Line Trolley Dallas Streetcar Transit Center or Park & Ride Inset Map 5 Trin y River COCKRELL HILL GLENN HEIGHTS UNT DALLAS CAMP WISDOM EDDIE BERNICE JOHNSON UNION STATION CEDARS CONVENTION CENTER 8TH & CORINTH MORRELL PEARL/ARTS DISTRICT WESTAKARDST.PAUL END ILLINOIS KIEST VA MEDICAL CENTER LEDBETTER DALLAS ZOO TYLER/VERNON HAMPTON VICTORY WESTMORELAND HATCHER LAWNVIEW LAKE JUNE BUCKNER BAYLOR UNIVERSITY MEDICAL CENTER FAIR PARK MLK, JR. RED BIRD TRANSIT CTR. GLENN HEIGHTS PARK & RIDE M-Line Trolley to CityPlace/ Uptown Station East Transfer Center West Transfer Center Rosa Parks Plaza MAIN ELM PACIFIC GASTON COMMERCE JACKSON WOOD YOUNG CANTON MARILLA WOODALL RODGERSFWY CONTINENTAL W. COMMERCE HOUSTON MARKET LAMAR LAMAR GRIFFIN AKARD ERVAYST.PAUL ERVAYST.PAULHARWOOD MCKINNEY CEDAR SPRINGS HARWOOD OLIVEPEARL FIELD FIELD ROSS FEDERAL LIVEOAK LIVEOAK GOOD LATIMER ROUTH GOOD LATIMER VICTORY CESAR CHAVEZ BLVD. Convention Center Station Victory Station Akard Station St Paul Station Pearl/Arts District Station Deep Ellum Station West End Station EBJ Union Station Future Services Downtown Dallas Silver Line (2023) PLANNING/DESIGN UNDERWAY DESIGN/CONSTRUCTION UNDERWAY D2 Subway (Inset Map) Map Legend Blue Line Red Line Green Line Orange Line Orange Line Weekdays Peak Only Trinity Railway Express (No Sunday Service) TEXRail (Trinity Metro) A-Train (DCTA) M-Line Trolley Dallas Streetcar Transit Center or Park & Ride Inset Map BELL RICHLAND HILLS FORT WORTH CENTRAL STATION FORT WORTH T&P STATION FORT WORTH TRE and TEXRail to Fort Worth PLANNING/DESIGN UNDERWAY
Regional Veloweb
Active transportation is a key consideration for meeting long-term mobility needs in the Dallas-Fort Worth region. The Regional Veloweb is a network of off-street shared-use trails designed for non-recreational trips spanning nearly 2,200 miles and growing every year.
The Veloweb is part of a larger active transportation network totaling more than 8,600 miles that includes community shareduse paths and on-street bikeway networks.
Investment in the Veloweb helps to extend the region’s roadway and passenger rail transit network by creating a regional expressway for active transportation connecting major destinations. One of the most anticipated trails will connect downtown Dallas to downtown Fort Worth. Branded as the DFW Discovery Trail, the route will span 66 miles of continuous pathways connecting five cities by 2026.
The Veloweb includes plans for connections in 10 counties and 105 cities in the region, according to the North Central Texas Council of Governments.
DFW Discovery Trail
DENTON
DALLAS
FORT WORTH
1,496 MIles
McKINNEY
Existing 49 MIles
Funded 12 MIles
3 MIles Existing 538 MIles
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 52 CONNECTIVITY | REGIONAL VELOWEB
Planned
Planned
Funded 131 MIles
Cotton Belt
McKinney to Dallas
Denton to Dallas
Southern Dallas County
Existing 21 MIles Funded 22 MIles Planned 12 MIles Existing 58 MIles Funded 3 MIles Planned 15 MIles Existing 38 MIles Funded 8 MIles Planned 7 MIles Existing 10 MIles Funded 4 MIles Planned 11 MIles CONNECTIVITY | REGIONAL VELOWEB 53
Mobility 2045
Mobility 2045 serves as a fiscally responsible blueprint for the region’s long-term multimodal transportation needs. The plan, adopted by the Regional Transportation Council in 2018 and updated in 2022, provides a range of transportation options to serve Dallas-Fort Worth now and into the future.
As the region grows from more than 7.9 million residents today to an estimated 11.3 million by 2045, it will require an integrated, easily navigable transportation system comprised of roads, public transportation, and bicycle and pedestrian facilities. Local policies and programs to enhance infrastructure investment will result in even more publicly accessible options. Mobility 2045 details transportation choices for the traveling public and for improving the quality of life in order to manage the region’s growth.
Funded Recommendations
Mobility 2045 represents a blueprint for the continued maintenance and development of the regional transportation system over the next 20 plus years. Mobility 2045 complies with all federal requirements related to the financial aspects of the metropolitan transportation plan. As the Dallas-Fort Worth region continues to grow, additional solutions will be imperative to comprehensively address the ever-increasing transportation needs.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 54 CONNECTIVITY | MOBILITY 2045 @ Major Roadway Recommendations North Central Texas Council of Governments Map 043 -December 2022 New or Additional Freeway Capacity - New or Additional Managed Lane Capacity - New or Additional Toll Road Capacity - Staged Facility (Beyond 2045) - Asset Optimization
Major Roadway Recommendations Population Growth Projections—2005-2045 Projected 2005-2045 Population Growth 0-341 42-1,041 1,042-2,061 2,062-3,338 3,339-5,012 5,013-7,549 7,550-11,316 11,317-16,756 16,757-25,538 25,539-40,607 Facility recommendations indicate transportation need. Corridorspecific alignment, design, and operational characteristics will be determined through ongoing project development. Dallas Fort Worth
Recommended
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 55 CONNECTIVITY | MOBILITY 2045 @ Major Transit Corridor Recommendations North Central Texas Council of Governments Map 080 -June 2022
Rail -fti1ght Rail
Streetcar
Recommended
-
Non-Rail
High-Intensity Bus
High-CapacityTransit
Rail
Currently Under Construction Major Transit Corridor Recommendations Employment Growth Projections—2005-2045 Projected 2005-2045 Employment Growth 0-201 202-471 472-816 817-1,250 1,251-1,773 1,174-2,419 2,420-3,360 3,361-4,649 4,650-6,363 6,364-10,513 Source: North Central Texas Council of Governments Facility recommendations indicate transportation need. Corridor-specific alignment, design, and operational characteristics will be determined through ongoing project development. Fort Worth Dallas
-
-
Existing
Recommendation
High-Tech Mobility
The Dallas Region is responsible for some of the world’s most innovative mobility solutions. For instance, autonomous vehicle technologies hold the potential to transform the supply chain industry, and eventually the way people travel. Dallas-Fort Worth is leading this transformation due to the region’s expertise in artificial intelligence, the ability to run experiments in a variety of real world environments, and a robust and collaborative support network. As a result, Dallas-Fort Worth has attracted the most advanced longhaul autonomous trucking companies which contribute to DFW’s status as a hub for solving mobility challenges locally and globally.
Recent Mobility Innovation Successes
A hub for autonomous trucking, a testing ground for air taxi operations and drone delivery, the home of micro-mobility solutions. An evolution in transportation and moving products through the supply chain is happening in the Dallas Region.
In 2023, Dallas-based GOTRAX launched its latest electric scooters, the GX1 and GX2, which each have a top speed of more than 30 miles per hour. Also last year the UP.Summit came to North Texas. The three-day, invitation-only event alternates between Dallas and Bentonville, Arkansas and
AllianceTexas Mobility Innovation Zone and Autonomous Technology
At more than 26 thousand square miles, Alliance Texas (AFW) is a mixed-use development that touches both Denton and Tarrant Counties as well as parts of six cities. It was designated as an innovation zone by the city of Fort Worth in 2023 and is owned by Hillwood, a Ross Perot Jr. company.
In 2023, AFW was ranked number 19 in U.S. cargo operations, making it the only nonpassenger hub in the top 20, and underscoring the work happening at the Mobility Innovation Zone (MIZ). The MIZ is its own ecosystem within AFW, where the supply chain is being re-imagined.
The location has a long history of firsts, such as the first industrial airport that now services cargo, corporate, and military aviation traffic, renamed Perot Field Fort Worth Alliance Airport in 2022. Mobility companies like testing and learning at the MIZ because it offers both a real-world environment to commercialize tried and tested technology, as well as private venues to experiment with new ideas.
BY LAND …
Robot delivery companies Gatik, which tackles the “middle mile,” or B2B; Clevon, which focus on the “final mile,” or consumer delivery; and Aurora, which has solutions for both passengers and freight, operate at the MIZ.
state moves between Dallas and Houston.
BNSF is also at the MIZ. Another key piece of supply chain logistics, BNSF operates one of the largest freight railroad networks in North America—and keeps goods moving with trailers, trucks, and trains at the intermodal facility in Alliance.
BY AIR …
In addition to ground transport, the MIZ facilitates research and development of unmanned aerial vehicles (UAV) at its flight test center, which spans 80+ acres, and is “smart,” which allows multiple use cases to be tested simultaneously. Partners include well-known names like Bell Helicopter, Alphabet’s Wing, and NASA, as well as startups and academic institutions.
In preparation for its 2024 launch, Aurora opened the industry’s first lane for driverless trucks on busy I-45 in 2023. According to the company, nearly half of all truck freight for the
In 2023, Manna Drone Delivery launched in the U.S., in the Dallas suburb of Northlake, which is affiliated with the MIZ. The Irelandbased company flew chocolate and other treats
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 56 CONNECTIVITY | HIGH-TECH MOBILITY
Photo: Joby
Photo: Gatik
P h o t o : Manna
At NASA’s Future Flight Central virtual tower facility, Joby and NASA completed a series of airspace simulations with a team of participating air traffic controllers evaluating how air taxi operations can be integrated into today’s airspace.
focuses on the future of transportation and mobility.
Towards the end of the year, California-based Joby Aviation announced a successful series of air traffic simulations with NASA’s Ames Research Center based on the Dallas-Fort Worth airspace—which is described as complex and busy.
And the National Science Foundation recognized the region’s strength in supply chain and logistics by awarding a $1 million, 2-year planning grant to build out the logistics innovation ecosystem in North Texas and southern Oklahoma. With the University of North Texas serv-
ing as the lead, a consortium of academic institutions and public and private entities are working to promote innovation in areas that include automation, electrification, digital infrastructure, and workforce development. A successful Phase II grant application could provide up to $160 million over 10 years for the region.
This local news demonstrates the Dallas Region’s role in technological advances that have the potential for global reach and impact. And it underscores the innovative thinking that is part of the area’s DNA.
to residents’ doorsteps. Manna chose the Dallas Region for its U.S. launch because of the region’s rapid growth.
This follows the 2022 opening of the second (remote) operations center for Wing, a sister company of Google that provides air traffic control for deliveries. Initial flights went between locations such as Walgreens and easyvet clinics to Little Elm and Frisco.
Two other UAV companies with operations at the MIZ are DroneUp and Flytrex. DroneUp is a Virginia-based company that began drone deliveries to Dallas-area communities through its partnership with Walmart in 2022. The company can deliver more than 10,000 eligible Walmart items in packages that weigh a maximum of 10 pounds.
Tel Aviv-based Flytrex also began drone deliveries in 2022—flying restaurant items to Granbury through its partnership with Brinker International, the parent of Chili’s and Maggiano’s chains.
Fort Worth’s Bell Helicopter, NASA,
and Hillwood—which developed AllianceTexas—are partnering on efforts like ground-based surveillance systems that may accelerate the large-scale deployment of electric vertical take-off and landing vehicles (EVTOLs), or air taxis. Bell has also been selected as one of two primary suppliers based in North Texas for Virgin Galactic’s next-generation Delta class spaceships. Red Oak’s Qarbon Aerospace and Bell were selected to provide subassemblies for the sixpassenger ship that the company expects to put into commercial service in 2026.
PARTNERING FOR THE FUTURE …
The MIZ has several collaborative agreements with area organizations to ensure continued innovation. For example, the agreement with the Texas A&M Transportation Institute provides a framework for a think-tank-like environment where mobility opportunities can be explored through research and strategic initiatives.
Investing in Tomorrow’s Mobility Technologies Today
The North Texas Center for Mobility Technologies (NTCMT)—a program of the Texas Research Alliance—is dedicated to coordinating expertise among Dallas Fort Worth research universities, companies, municipalities, and public agencies to tackle global mobility technology challenges. It also elucidates the process of finding and applying for grants.
Areas of focus include, but are not limited to: passenger, freight-hauling, and electric vertical take-off and landing (EVTOL) vehicles; drones, LiDAR, radar, machine vision, battery storage, micro-mobility solutions, and 5G.
In partnership with the North Central Texas Council of Governments (NCTCOG), and federal agencies like NASA, the center’s main objective is to strengthen the area’s research capabilities. It does this by providing private sector access to a network of research universities that have both Texas tier one and Carnegie R1 designations.
It also solicits mobility solutions project proposals seeking matching funds. Each NTCMT project proposal is required to have at least three participants: a non-university partner (e.g. a business, non-profit, or public agency) that puts up half the cost; a partnering North Texas university, which contributes 25 percent of the project cost; and the NCTCOG, which kicks in the remaining 25 percent. There is no floor on project size, and multiple awards are possible, with a ceiling of $2 million per year.
The NTCMT’s work is reflected in things like applying 5G technology to unmanned aircraft, accelerating research on transportation-related projects by facilitating partnerships, attracting industry and academic talent, and strengthening the workforce through undergraduate- and graduate-level projects. The NTCMT also serves as a model and can catalyze the formation of similar regional university networks.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 57 CONNECTIVITY | HIGH-TECH MOBILITY
Illustration: Andrey Suslov via iStock
Photo: Hillwood
BNSF’s intermodal facility in Alliance
Digital Infrastructure
Dallas–Fort Worth is situated in a near-perfect geographic region for IT hosting and data center operations. North Texas is in the Central Time Zone, which is effective for companies operating on both coasts. And DFW offers plenty of land for massive data centers along with a temperate climate and lower construction and operations costs than other U.S. markets.
Speed and reliability are important for any IT operation, and high-speed fiber and 5G connectivity is widely available in the area.
Compared to other peering-point hubs, DFW offers some of the lowest power rates for large industrial users.
Connecting the World: Major U.S. internet peering points
Seattle
Portland
Bay Area
Los Angeles
Minneapolis
Kansas City
DallasFort Worth Phoenix
Chicago
Boston
New York
Northern Virginia
Atlanta
Miami
North Texas’ central location is a significant attraction for data centers that service major companies and headquarters across financial services, energy, health care, and other data-critical sectors.
The Telecom Corridor
Located 15 miles north of downtown Dallas, the Telecom Corridor encompasses approximately 30 square miles. This includes the city of Richardson, the Texas Instruments campus, and the west side of Waterview Parkway near the University of Texas at Dallas campus.
The Telecom Corridor area is one of the most significant and unique high-tech business
concentrations in the United States. Some of the telecommunications industries represented in the area include:
n Carriers/service providers
n Telecom equipment manufacturers
n Consulting firms
n Wireless communications companies
n Photonics/optics networking firms
AT&T, Fujitsu, Cisco Systems, Verizon, Collins Aerospace, and Raytheon, an RTX Business are some of the well-known firms located here.
Low Occurrence of Natural Disasters
The low probability of a natural disaster in the North Texas region reduces operational risk considerably. The region is geographically dormant, and the likelihood of business disruption resulting from inclement weather remains low.
Availability of Network Providers
More than 80 business broadband providers operate in Dallas, Fort Worth, and throughout the North Texas region. More than one-third offer fiber service. AT&T, T-Mobile, and Verizon all offer 5G coverage in Dallas. The concentration of access and total bandwidth guarantees low latency and ensures redundancy.
Texas Electric Power Grid— ERCOT
The Texas electric power grid, ERCOT, gives data center operators a competitive advantage due to its independence from electric grids in other states. This autonomy reduces the risk of rolling power outages, improves reliability, and reduces volatility in prices.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 58 CONNECTIVITY | DIGITAL INFRASTRUCTURE
Dallas ranks #8 in global data center market size.
DALLAS
Industrial Power Rates for Major U.S. Data Centers
Atlanta
Denver
Phoenix
Northern Virginia
Houston
Data Centers
Dallas-Fort Worth is home to enterprise, colocation, managed service, and cloud data centers of all types and sizes that can fulfill a company’s computing, storage, and networking needs with maximum uptime and competitive pricing. Below is a sample of data center operators and tenants in DFW:
24 Hour Data
Agility Communications Group
Alcon Data Center
Aligned Data Centers
AllianceRX Walgreens
Alpha Data Center
American Express
Ascent Data Center
AT&T
Atos
Bank of America
Blue Cross Blue Shield
Carrier-1 Data Center
CenturyLink
Charles Schwab
Chewy
Citigroup Data Center
Cogent Communications
Collins Aerospace
Cologix
Concentrix
Consolidated Communications
CoreSpace
CyrusOne
Cyxtera Technologies
Dallas Mavericks
DataBank
Digital Realty
Empirical Networks
Entegrity Networks
Enterhost
Epic.io
Equinix
Ericsson
Evoque Data Center
Solutions
Experian Data Center
Facebook
Flexential
Global IP Networks
GM Financial
Google Data Center
HCA
IBM
Intellys Corporation
Internap Network Services
JPMorgan Chase
Meta
NEC
Neutral Tandem
Ntirety
NTREIS
NTT Global Data Centers
Americas
Provision Data Services
QTS
Rackspace Hosting
Skybox Datacenters
Southwest Airlines
Spectrum
Stack Infrastructure
State Farm Data Center
Stream Data Centers
Sungard
T5 Data Centers
TD Ameritrade
Texas Instruments
The Atos Data Center
The Blackstone Group
The Infomart
The InterNAP Data Center
TierPoint
TXU Energy
Tyler Technologies
United Commercial Development
University of Texas at Dallas
Univision Network
UT Southwestern
Verizon Wireless
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE CONNECTIVITY | DIGITAL INFRASTRUCTURE
CONNECTIVITY | DIGITAL INFRASTRUCTURE
—Cushman & Wakefield, 2023 59 Source: CoStar Source: JLL Data Center Outlook North America Average Power Rate Market (cents/kWh)
$0.052 Salt Lake City $0.056 Dallas-Fort Worth $0.063 Pacific Northwest $0.067
$0.068
Chicago
$0.069
$0.069
$0.070
$0.075
& San Antonio $0.095
Jersey $0.122
California $0.146 New York $0.162 Los Angeles $0.180 Boston $0.190
FORT WORTH McKINNEY DENTON
Austin
New
Northern
45 minutes to Downtown Dallas. 20 minutes to Sherman. The place to build Opportunity.
Anna offers a prime location in Collin County at the intersection of five major highways, allowing direct access to the Dallas-Fort Worth metroplex and Grayson County’s rising tech hub. With available land, a booming population, diverse housing and stellar schools, Anna provides the resources and pro-business mindset that will make your vision a reality. Come see why Anna is built for opportunity
To learn more about how Anna can help you realize your vision, visit opportunityannatx.com/annasaysyes or contact Bernie Parker, Interim Director of Economic Development, at 214-831-5394.
Talent
Regional Population Demographics
Migration
Labor Supply
Commuting Patterns
Drive Times
Worker Place of Residence
Skills Development
Higher Education Accolades
Training, Colleges, and Universities
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 61 Photo: metamorworks/iStock
Regional Population
Dallas–Fort Worth consistently ranks among the nation’s fastest-growing areas, and continuing job growth is a key factor. The population growth has, in turn, fueled real estate development as retailers and service providers expand to meet increasing demand.
Population and job growth have pushed Dallas and Fort Worth to redevelop and re-energize their central business districts, creating mixed-use developments with residential, office, and retail space in high-end urban environments. While Dallas and Fort Worth represent the largest population centers, seven suburbs—Arlington, Plano, Irving, Garland, Frisco, McKinney, and Grand Prairie—have populations exceeding 200,000. These municipalities offer an abundance of housing options for people to find a community that best fits their needs.
Top 25 Cities in DFW by Population
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 62 TALENT | REGIONAL POPULATION
Grand Prairie 254,715 Plano 289,547 Allen 111,551 Wylie 60,943 Euless 60,169 Irving 254,715 Dallas 1,299,544 Denton 150,353 Burleson 53,381 Rowlett 65,113 Garland 240,854 Mesquite 147,899 Mansfield 76,724 Arlington 394,602 DeSoto 55,968 Richardson 118,802 Fort Worth 956,709 Carrollton 133,820 Lewisville 131,215 Flower Mound 78,486 North Richland Hills 70,663 Little Elm 55,357 Frisco 219,587 McKinney 207,507 Rockwall 51,461
The Dallas-Fort Worth population is larger than the combined populations of North Dakota, Wyoming, Hawaii, South Dakota, Montana, Vermont, Maine, and Alaska.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 63 TALENT | REGIONAL POPULATION Ten Largest Metros in the U.S. Metropolitan Statistical Area Total Population Change Population Change Percentage Natural increase Births Deaths Total International Domestic Dallas-Fort Worth 170,396 2.2% 40,679 98,990 58,311 128,239 38,505 89,734 Houston 124,281 1.7% 39,837 93,975 54,138 85,683 47,476 38,207 Atlanta 78,968 1.3% 20,402 70,775 50,373 60,483 22,141 38,342 Phoenix 72,841 1.5% 7,990 55,563 47,573 63,826 16,293 47,533 Miami 29,967 0.5% 723 64,663 63,940 30,398 67,130 -36,732 Washington, D.C. 8,849 0.1% 29,884 73,060 43,176 -22,104 44,622 -66,726 Philadelphia -12,156 -0.2% 3,085 67,562 64,477 -13,507 16,704 -30,211 Chicago -77,581 -0.8% 12,412 96,971 84,559 -90,426 26,538 -116,964 Los Angeles -100,525 -0.8% 25,658 129,257 103,599 -125,592 44,858 -170,450 New York -156,517 -0.8% 58,973 220,087 161,114 -222,850 99,647 -322,497 Vital events Net migration Components of Population Change: July 1, 2021, to July 1, 2022
Worth by the Numbers Metropolitan Statistical Area 2022 population 2021-2022 percent change New York 19,617,869 -0.8% Los Angeles 12,872,322 -0.8% Chicago 9,441,957 -0.8% Dallas-Fort Worth 7,943,685 2.2% Houston 7,340,118 1.7% Washington, DC 6,373,756 0.1% Philadelphia 6,241,164 -0.2% Atlanta 6,222,106 1.3% Miami 6,139,340 0.5% Phoenix 5,015,678 1.5% Ellis 212,182 Hunt 108,282 Wise 74,895 Collin 1,158,696 Dallas 2,600,840 Parker 165,834 Denton 977,281 Tarrant 2,154,595 Kaufman 172,366 Johnson 195,506 Rockwall 165,834 Wyoming 581,381 Montana 1,122,867 Maine 1,338,404 Vermont 647,064 Hawaii 1,440,196 Alaska 733,583 + + + + + + North Dakota 779,261 South Dakota 909,824 Maine 1,385,340 Ellis 212,182 Hunt 108,282 Wise 74,895 Collin 1,158,696 Dallas 2,600,840 Parker 165,834 Denton 977,281 Tarrant 2,154,595 Kaufman 172,366 Johnson 195,506 Rockwall 165,834 Wyoming 581,381 Montana 1,122,867 Maine 1,338,404 Vermont 647,064 Hawaii 1,440,196 Alaska 733,583 + + + + + + North Dakota 779,261 South Dakota 909,824 Maine 1,385,340
Dallas-Fort
County populations of the Dallas-Fort Worth
Combined Population: 7,599,516 Combined Population: 7,943,685 Sources: US Census Bureau
MSA
Demographics
Demographics in the Dallas-Fort Worth region continue to evolve. More than 19 percent of the population is foreign-born, with Hispanics accounting for the largest minority group in the region and state. Additionally, the region’s workforce is well-educated with a mix of recent graduates and workforce veterans. Two-thirds of workers 25 years of age and older have at least some college education, with nearly 40 percent holding a bachelor’s degree or other advanced degree.
In the Dallas-Fort Worth area, more than
1,600,000 residents
were added since the 2010 census.
11,300,000
467 people per day or more will live in DFW by 2045. were added to the Dallas-Fort Worth region in 2022.
Total Population:
7,943,685
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 64 TALENT | DEMOGRAPHICS
US Census Bureau, NCTCOG
Sources:
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 65 TALENT | DEMOGRAPHICS AGE 0-19 Years 27.6% 20-34 21.7% 35-54 Years 27.5% 55-74 Years 18.8% 75+ Years 4.7% Median Age 35.5 FOREIGN BORN Foreign-Born Population 19.1% World Region of Birth of Foreign Born Europe 4.4% Asia 31.3% Africa 9.0% Oceania 0.2% Latin America 53.9% North America 1.0% RACE/ ETHNICITY White 42.8% Black or African American 15.8% Asian 7.6% Other 4.1% Hispanic 29.6% LABOR FORCE [Occupations of Persons 16 and Older] Management, business, science, and arts occupations 43.6% Service occupations 13.8% Sales and office occupations 21.3% Natural resources, construction, and maintenance occupations 8.5% Production, transportation, and material moving occupations 12.8% EDUCATION [Persons 25 and Older] Less than 9th Grade 6.2% 9th to 12th grade, no diploma 6.0% High School Graduate/GED 21.6% Some College/No Degree 19.3% Associate’s Degree 7.5% Bachelor’s Degree 25.0% Graduate/Professional Degree 14.4% HOUSEHOLD INCOME Average Household Size 2.70 0-$34,999 18.9% $35,000 - $74,999 26.5% $75,000-$149,999 30.9% $150,000 + 23.8% Median Household Income $82,823
Photos: IstockPhoto
Migration Patterns
Domestic migration patterns illustrate worker flow within states and throughout the nation. As seen in this map, individuals come to DFW from all parts of the country. The reasons why they relocate range from looking for a better quality of life to employment prospects to overall climate for starting a business.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 66 TALENT | MIGRATION
Seattle San Francisco San Jose San Diego Phoenix San Antonio Los Angeles Riverside Denver 1,000 to 4,999 5,000 to 9,999 10,000 to 14,999 15,000 to 29,999 30,000 and above Durham Washington Philadelphia New York Boston ● Houston-The Woodlands-Sugar Land, TX 64,765 ● Los Angeles-Long Beach-Anaheim, CA 43,855 ● Austin-Round Rock, TX 36,375 ● San Antonio-New Braunfels, TX 33,940 ● Chicago-Naperville-Elgin, IL-IN-WI 30,675 ● New York-Newark-Jersey City, NY-NJ-PA 24,950 ● Phoenix-Mesa-Scottsdale, AZ 22,595 ● Miami-Fort Lauderdale-West Palm Beach, FL 16,095 ● Denver-Aurora-Lakewood, CO 15,015 ● Seattle-Tacoma-Bellevue, WA 14,230 ● Atlanta-Sandy Springs-Roswell, GA 13,590 ● San Francisco-Oakland-Hayward, CA 13,525 ● San Jose-Sunnyvale-Santa Clara, CA 12,215 ● Washington-Arlington-Alexandria, DC-VA-MD-WV 11,665 ● Riverside-San Bernardino-Ontario, CA 11,385 ● San Diego-Carlsbad, CA 11,145 ● Boston-Cambridge-Newton, MA-NH 8,745 ● Orlando-Kissimmee-Sanford, FL 6,615 In-Migration to DFW From Other Major Metro Areas: 2018-2022 Geography Geography In-Migration In-Migration
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 67 TALENT | MIGRATION 1,000 to 5,000 10,000 15,000 30,000 Austin Antonio Houston Miami Atlanta Charlotte Raleigh Orlando Durham Pittsburgh Detroit Chicago Washington Philadelphia New York Boston Tampa Minneapolis ● Charlotte-Concord-Gastonia, NC-SC 5,820 ● Detroit-Warren-Dearborn, MI 5,695 ● Tampa-St. Petersburg-Clearwater, FL 4,760 ● Minneapolis-St. Paul-Bloomington, MN-WI 4,695 ● Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 4,565 ● Pittsburgh, PA 2,645 ● Raleigh, NC 2,365 ● Durham-Chapel Hill, NC 1,915 Geography In-Migration Source: PUMS Data, U.S. Census Bureau
Inbound Migration Maps
The Dallas-Fort Worth region grew faster than any other major U.S. metro between 2018 and 2022. A primary driver fueling that growth has been people moving into the region from domestic metropolitan areas. Newcomers generally comprise 40 percent of the region’s population increase.
DFW’s population surge reflects the growth of Texas.
Forbes writes that Texas’ strong job market sustains the state’s vibrant population growth. Since the 2010 census, the population of Texas has grown by 19 percent, more than four times California’s growth rate. The U.S. grew by just under eight percent during the same period.
Each year Dallas-Fort Worth attracts approximately 80,000 individuals from across the U.S. who possess a bachelor’s degree or higher. Arguably, the only way to lure such a workforce is by offering good jobs that pay well, with excellent corporate cultures, or an environment conducive to starting a business.
About the Maps
The U.S. Census Bureau collects monthly survey data from 3.5 million households regarding commute times, jobs, wages, educational levels, and other information. The resulting Public Use Microdata Samples (PUMS) offer an anonymous snapshot of people living in the United States.
Coupled with Public-Use Microdata Areas (PUMAs)— geographies that have populations of between 100,000 and 400,000 people— researchers can determine migration trends over a given timeframe. Using 2018-2022 PUMS data, the Dallas Regional Chamber was able to determine in-migration patterns, both the place of origin, and equally important, where people are moving once they get to DallasFort Worth.
Total Domestic Migration Into DFW 2018-2022
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 68 TALENT | MIGRATION
Relocating From the New York Metro to DFW 2018-2022 < 7,156 7,156-12,840 12,841-17,690 17,691-27,930 27,931-41,730 < 71 71-305 306-530 531-1,485 1,486-3,045 Number of People Number of People
DALLAS
DALLAS
FORT WORTH
FORT WORTH
McKINNEY
McKINNEY
DENTON
DENTON
Relocating From the Los Angeles Metro to DFW
2018-2022
Relocating From the Bay Area to DFW
2018-2022
Relocating From the Chicago Metro to DFW
2018-2022
Relocating From the Boston Metro to DFW
2018-2022
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 69 TALENT
DALLAS DALLAS DALLAS DALLAS FORT WORTH FORT WORTH FORT WORTH FORT WORTH McKINNEY McKINNEY McKINNEY McKINNEY DENTON DENTON DENTON DENTON
Labor Supply
Employers in Dallas and Fort Worth draw from a well-educated and skilled workforce throughout the 11-county region. A robust network of interstate highways, state highways, tollways, and public transit options makes it easy for workers to navigate the area, while keeping commute times low for major employment centers in and around the Dallas-Fort Worth central business districts.
The region’s relatively low cost of living allows employers to tap into a strong workforce, no matter where they base their operations. For employees, the wide distribution of jobs means they can select from a variety of communities in which to live and enjoy the lifestyle that best fits their needs—whether the preference is a well-established neighborhood, a new, fast-growing community, or a small town in a rural setting.
Approximately three-quarters of the region’s 7.9 million residents are of working age. From this base, employers can tap into a total civilian labor force of 4.4 million people, a workforce size surpassed only by the much larger Chicago, Los Angeles, and New York metro areas.
Major Employment Centers
Radar charts explained
The U.S. Census Bureau pairs home/work census blocks to describe geographic patterns related to the workforce.
Mapping commuter flows, for example, can help employers determine where potential workers live, as well as how far they might be willing to travel for work. Radar images dynamically communicate several important aspects about worker commute patterns.
Using Dallas Downtown-Uptown as an employment center example, the radar indicates primary and secondary cardinal directions from which a worker travels to a job, and the distance traveled as determined by the color of each pie piece. The size of each pie piece indicates the volume of workers who commute from that direction and distance as indicated by the dashed concentric circles marked in hundreds or thousands of people. For instance, the greatest number of downtown workers live north of Dallas, while the greatest percentage (42 percent) reside between 10 and 24 miles away.
DOWNTOWN FORT WORTH
DALLAS NORTH TOLLWAY
LBJ CORRIDOR ALLIANCE
LAS COLINAS
DFW AIRPORT NORTH
GREAT SOUTHWEST
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 70 TALENT | LABOR SUPPLY
N E W S 35,000 21,000 7,000 N E W S 20,000 12,000 4,000 N E W S 12,000 7,200 2,400 N E W S 25,000 15,000 5,000 N E W S 25,000 15,000 5,000 N E W S 16,000 9,600 3,200 N E W S 8,000 4,800 1,600 N E W S 25,000 15,000 5,000
LEGACY
Distance to Job % of Workers Less than 10 miles 28.2% 10 to 24 miles 41.5% 25 to 50 miles 11.4% Greater than 50 miles 18.9% Distance to Job % of Workers Less than 10 miles 29.7% 10 to 24 miles 39.7% 25 to 50 miles 12.9% Greater than 50 miles 17.7% Distance to Job % of Workers Less than 10 miles 27.0% 10 to 24 miles 39.5% 25 to 50 miles 20.5% Greater than 50 miles 13.0% Distance to Job % of Workers Less than 10 miles 41.4% 10 to 24 miles 33.3% 25 to 50 miles 12.9% Greater than 50 miles 12.5% Distance to Job % of Workers Less than 10 miles 21.0% 10 to 24 miles 49.7% 25 to 50 miles 10.6% Greater than 50 miles 18.7% Distance to Job % of Workers Less than 10 miles 29.9% 10 to 24 miles 43.2% 25 to 50 miles 13.2% Greater than 50 miles 13.7% Distance to Job % of Workers Less than 10 miles 34.2% 10 to 24 miles 36.0% 25 to 50 miles 17.2% Greater than 50 miles 12.6% Distance to Job % of Workers Less than 10 miles 26.0% 10 to 24 miles 47.2% 25 to 50 miles 13.4% Greater than 50 miles 13.5%
TOTAL JOBS: 154,519 TOTAL JOBS: 90,721 TOTAL JOBS: 38,977 TOTAL JOBS: 117,642 TOTAL JOBS: 118,277 TOTAL JOBS: 95,371 TOTAL JOBS: 41,638 TOTAL JOBS: 124,774 Source: U.S. Census Bureau, Center for Economic Studies (data based on 2021 employment estimates)
With Distance and Direction of Worker Commute
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 71 TALENT | LABOR SUPPLY N E W S 6,000 3,600 1,200 N E W SE S 17,500 10,500 3,500 N E W S 40,000 24,000 8,000 SOUTHERN DALLAS INLAND PORT TELECOM CORRIDOR DALLAS DOWNTOWN-UPTOWN Distance to Job % of Workers Less than 10 miles 29.4% 10 to 24 miles 35.8% 25 to 50 miles 18.6% Greater than 50 miles 16.2% Distance to Job % of Workers Less than 10 miles 35.8% 10 to 24 miles 37.9% 25 to 50 miles 13.0% Greater than 50 miles 13.3% Distance to Job % of Workers Less than 10 miles 27.6% 10 to 24 miles 42.3% 25 to 50 miles 15.3% Greater than 50 miles 14.8% Where People Live Population Density TOTAL JOBS: 26,631 TOTAL JOBS: 94,012 TOTAL JOBS: 156,987 Total Population Per Square 1/4 Mile 180- 467 468- 826 827- 1,221 1,222-1,651 1,652-2,298 2,299-3,446 3,447-9,155 DALLAS FORT WORTH McKINNEY DENTON
Commuting Patterns
Getting around the Dallas-Fort Worth region is easy, thanks to a well-developed network of interstate freeways, state highways, tollways, and public transit options connecting job centers to fast-growing communities. That’s good news for employers as it allows them to draw from a large base of skilled workers. It’s also good for workers, who can choose from a variety of communities in which to live.
County-to-County Worker Flow
In Dallas and Tarrant counties, the vast majority of workers live and work in the same county. Though these two counties also serve as the region’s biggest magnets for workers, the surrounding counties maintain strong job bases of their own to support the community. Source: Lightcast
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 72 TALENT | COMMUTING PATTERNS
% Live and work in the same county % Travel out of county for work 3% 27% 8% 33% 12% 16% 8% 9% 22% 38% 35% 35% 7% 12% 14% 39% 7% Dallas 77% Tarrant 67% Ellis 36% Johnson 36% Parker 39% Denton 36% Collin 50% Wise 42%
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 73 TALENT | COMMUTING PATTERNS Rockwall 28% 44% 41% 18% 10% 7% 6% 12% Kaufman 29% Hunt 45% Getting to Work Means of Transportation (Workers 16 and Over)
commute time: 27.7 minutes
County.
(1,158,214 people) Drove Alone 69.2% Carpooled 9.1% In 2-Person Carpool 6.7% In 3-Person Carpool 1.5% In 4-or-More Person Carpool 0.9% Car, Truck, or Van 78.3% Public Transportation (excluding taxicab) 0.6% Walked 1.3% Bicycle 0.2% Taxicab, Motorcycle, or Other Means 1.4% Worked at Home 18.3% Workers Per Car, Truck, or Van: 1.07 Source: US Census Bureau, American Community Survey 1-Year Estimates
Mean
of all workers living in Dallas County also work there; 9% commute to Tarrant
77%
Drive Times
It’s common to work in one part of the Dallas-Fort Worth area and live in another. Although more than 20 percent of workers reported working from home in 2021 as a pandemic response, this figure receded to 18% in 2022. Increased rates of remote work may be a new normal, but pre-pandemic, a typical year showed almost 90 percent of people in DFW commuting to work by car, truck, or van. This type of commute is easy thanks to our well-developed network of interstate freeways, state highways, and tollways connecting job centers to our fast-growing new communities. The following maps—based on morning rush hour—provide an estimate of how long a commute will take.
Downtown Dallas
HWY 190 and HWY 75
REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 74 TALENT | DRIVE TIMES
DALLAS
DALLAS
FORT WORTH
McKINNEY DENTON
DALLAS
FORT WORTH
McKINNEY
DENTON
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 75 TALENT | DRIVE TIMES Downtown Fort Worth Southern Dallas Dallas Fort Worth International Airport Denton HWY 121 & Dallas North Tollway Source: North Central Texas Council of Governments 15 Minutes 15-30 Minutes 30-45 Minutes 45-60 Minutes 60-75 Minutes 75-90 Minutes 90-120 Minutes Travel Time DALLAS FORT WORTH McKINNEY DENTON DALLAS DALLAS DALLAS DALLAS FORT WORTH FORT WORTH FORT WORTH FORT WORTH McKINNEY McKINNEY McKINNEY McKINNEY DENTON DENTON DENTON DENTON
Group HQ Executives and Managers
General and operations managers comprise nearly half of all 280,000 professionals in this occupation group in Dallas-Fort Worth. Other executives include C-level occupations, sales managers, and financial managers.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 76 TALENT | WORKER PLACE OF RESIDENCE 0-11 12-34 36-60 61-106 107-216 Legend Number of HQ/Executive Management Workers
number of HQ/executive
within a ½ mile square area. To produce this map the Dallas Regional
proprietary ZIP code level occupation data to a uniform 0.5 x 0.5 mile grid
Dallas-Fort Worth. Chief Executives 4,183 | $84.13 General and Operations Managers 131,764 | $44.74 Computer and Information Systems Managers 23,013 | $77.68 Financial Managers 23,409 | $71.71 Human Resources Managers 6,531 | $60.94 Legend: Occu pation Jobs | Median hourly earnings
Each dot represents the
management workers living
Chamber worked with labor analytics company Lightcast to assign their
across
Occupation
Worker Place of Residence by
DALLAS FORT WORTH
DENTON
McKINNEY
Worker Place of Residence by Occupation Group Back Office Support
The Dallas-Fort Worth region’s back office support workers are dispersed across North Texas. Back office support, in this context, describes workers who keep the day-to-day functioning of an organization running smoothly. Occupations in this group include general managers to office clerks and HR specialists to administrative assistants. There are more than 734,000 such jobs in the region.
DENTON
Each
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 77 TALENT | WORKER PLACE OF RESIDENCE 0-53 54-157 158-274 275-464 465-852 Legend Number of Back Office Support Workers
dot represents the number of back office support workers living within a ½ mile square area. To produce this map the Dallas Regional Chamber worked with labor analytics company Lightcast to assign their proprietary ZIP code level occupation data to a uniform 0.5 x 0.5 mile grid across Dallas-Fort Worth. Human Resources Specialists 29,232 | $30.63 Computer User Support Specialists 26,681 | $26.75 First-Line Supervisors of Office and Admin. Support Workers 60,876 | $29.58 Bookkeeping, Accounting, and Auditing Clerks 47,199 | $22.55 Executive Secretaries and Executive Admin. Assistants 9,585 | $33.95
Source: Lightcast, QCEW Employees, Non-QCEW Employees, and Self-Employed DALLAS
WORTH McKINNEY
FORT
Worker Place of Residence by Occupation Group Engineering
The lion’s share of individuals in the engineering occupation group are the 56,000-plus professionals who develop apps and software. Other titles (and the number of workers in their field) in this category are as follows: industrial engineers (more than 8,600); mechanical engineers (5,100); and electrical engineers (5,300). Nearly 168,000 work in this occupation group in Dallas-Fort Worth.
DENTON
McKINNEY
DALLAS FORT WORTH
Each dot represents the number of engineering workers living within a ½ mile square area. To produce this map the Dallas Regional Chamber worked with labor analytics company Lightcast to assign their proprietary ZIP code level occupation data to a uniform 0.5 x 0.5 mile grid across Dallas-Fort Worth.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 78 TALENT | WORKER PLACE OF RESIDENCE 0-10 11-30 31-54 55-92 93-171
Number of Engineering Workers
Legend
Computer Network Architects 6,322 | $64.84 Aerospace Engineers 2,840 | $55.76 Electrical Engineers 5,301 | $47.32 Industrial Engineers 8,633 | $48.05 Mechanical Engineers 5,122 | $47.76 Legend: Occu pation Jobs | Median hourly earnings
Worker
Place of Residence by Occupation Group
IT/Computer
Workers who fall into the IT/Computer occupation group work in every industry in the Dallas-Fort Worth region. More than 201,000 people hold jobs related to keeping the business community’s digital infrastructure running 24/7. In addition to software developers, who comprise the majority of occupations in this group, there are increasing demands for information security analysts, computer systems analysts, and computer and information systems managers.
DENTON
Each
DALLAS FORT WORTH
McKINNEY
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 79 TALENT | WORKER PLACE OF RESIDENCE 0-13 14-41 42-76 77-135 136-281 Legend Number of IT/Computer Workers
IT/computer
within a ½ mile square area. To produce this map the Dallas Regional Chamber
ZIP code level occupation data to a uniform 0.5 x 0.5 mile grid
Dallas-Fort
Computer and Information Systems Managers 23,013 | $77.68 Information Security Analysts 6,965 | $60.20 Computer Network Support Specialists 4,388 | $36.25 Software Developers 56,078 | $58.61 Computer Occupations, All Other 20,346 | $41.02
dot represents the number of
workers living
worked with labor analytics company Lightcast to assign their proprietary
across
Worth.
Source: Lightcast, QCEW Employees, Non-QCEW Employees, and Self-Employed
Worker Place of Residence by Occupation Group Financial Services
It should be no surprise that accountants and auditors comprise a large number of individuals employed in the financial services workforce in Dallas-Fort Worth. More than 43,000 people with those job titles work in DFW. Another 47,000 workers are employed as bookkeeping, accounting, and auditing clerks in the region. Other occupations in this category include bill collectors, tellers, financial managers, and credit counselors. All told, this occupation group employs more than 239,000 professionals in the region.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 80 TALENT | WORKER PLACE OF RESIDENCE 0-19 20-58 59-108 109-205 206-449 Legend Number of Financial Services Workers
dot represents the number of financial services workers living within a ½ mile square area. To produce this map the Dallas Regional Chamber worked with labor analytics company Lightcast to assign their proprietary ZIP code level occupation data to a uniform 0.5 x 0.5 mile grid across Dallas-Fort Worth. Financial Managers 23,409 | $71.71 Accountants and Auditors 43,397 | $38.31 Financial and Investment Analysts 11,019 | $40.46 Loan Officers 11,389 | $36.83 Financial Specialists, All Other 5,107 | $27.08 Legend: Occu pation Jobs | Median hourly earnings
Each
FORT
DALLAS
WORTH McKINNEY DENTON
Worker Place of Residence by Occupation Group Health Care
Registered nurses comprise the largest portion of individuals employed in this occupation group in the Dallas-Fort Worth region. More than 71,000 individuals share that occupation, accounting for roughly a fifth of the 404,000 workers in the health care occupations group. Other occupations include medical service managers, therapists, health care technicians, and health support workers.
DENTON
Each dot represents the number of health care workers living within a ½ mile
Chamber worked with labor analytics company Lightcast to assign their proprietary ZIP
across Dallas-Fort Worth.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 81 TALENT | WORKER PLACE OF RESIDENCE 0-23 24-69 70-122 123-210 211-392 Legend Number of Health Care Workers
area. To
Regional
occupation
uniform 0.5 x 0.5 mile
Pharmacists 7,085 | $64.70 Physical Therapists 4,670 | $49.04 Registered Nurses 70,763 | $39.82 Physicians, All Other 6,037 | $98.42 Clinical Laboratory Technologists and Technicians 8,031 | $25.37
square
produce this map the Dallas
code level
data to a
grid
Source: Lightcast, QCEW Employees, Non-QCEW Employees, and Self-Employed
McKINNEY
DALLAS FORT WORTH
Skilled Manufacturing
Dallas-Fort Worth’s skilled manufacturing workers are employed in a wide variety of industries from auto manufacturing to eyeglass assembly. Occupations in this sector include computer-controlled machine tool operators, inspectors, testers, sorters, and electrical assemblers. More than 69,000 individuals are employed in this sector in DFW.
DENTON
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 82 TALENT | WORKER PLACE OF RESIDENCE 0-4 5-13 14-23 24-39 40-75 Legend Number of Skilled Manufacturing Workers
dot represents the number of skilled manufacturing workers living within a ½ mile square area. To produce this map the Dallas Regional Chamber worked with labor analytics company Lightcast to assign their proprietary ZIP code level occupation data to a uniform 0.5 x 0.5 mile grid across Dallas-Fort Worth. Electrical and Electronic Engineering Technologists 2,385 | $30.01 Industrial Engineering Technologists and Technicians 1,235 | $28.35 Machinists 4,847 | $24.06 Welders, Cutters, Solderers, and Brazers 11,378 | $22.65 Computer Numerically Controlled Tool Programmers 420 | $29.76 Legend: Occu pation Jobs | Median hourly earnings
Each
Worker Place of Residence by Occupation Group
DALLAS
FORT WORTH McKINNEY
Worker Place of Residence by Occupation Group Assembly & Manufacturing
More than 99,000 workers are employed in the assembly & manufacturing occupation group in Dallas-Fort Worth. Their specialties include first-line supervisors of production and operating workers (18,000 workers have this title). Assemblers, production workers, and helpers also fall under this occupation segment.
DENTON
Each
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 83 TALENT | WORKER PLACE OF RESIDENCE 0-6 7-17 18-29 30-49 50-98 Legend Number of Assembly & Manufacturing Workers
0.5 x 0.5 mile
First-Line Supervisors of Production and Operating Workers 18,092 | $29.87 Electrical, Electronic, Assemblers, Except Coil Winders, Tapers, and Finishers 6,578 | $17.56 Miscellaneous Assemblers and Fabricators 37,347 | $17.17 Helpers, Production Workers 6,703 | $16.26 Production Workers, All Other 3,278 | $17.14
dot represents the number of assembly and manufacturing workers living within a ½ mile square area. To produce this map the Dallas Regional Chamber worked with labor analytics company Lightcast to assign their proprietary ZIP code level occupation data to a uniform
grid across Dallas-Fort Worth.
Source: Lightcast, QCEW Employees, Non-QCEW Employees, and Self-Employed
DALLAS FORT WORTH McKINNEY
Worker Place of Residence by Occupation Group
Distribution & Logistics
Nearly 959,000 workers in Dallas-Fort Worth belong to this occupation group, reflecting the region’s central U.S. location and strong logistics connections via air, road, and rail. Clerks, drivers, package handlers, and customer service reps make up the majority of occupations in this group.
DENTON
McKINNEY
Legend
0-53
54-154
155-262
263-430
431-829
Each dot represents the
this map the Dallas Regional Chamber worked with labor analytics company Lightcast to assign their
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 84 TALENT | WORKER PLACE OF RESIDENCE
Number of Distribution
Logistics Workers
&
number
a ½ mile square area.
ZIP code level occupation data to
uniform 0.5 x 0.5 mile grid
Transportation, Storage, and Distribution Managers 7,672 | $47.96 Logisticians 6,824 | $36.03 Inspectors, Testers, Sorters, Samplers, and Weighers 16,746 | $19.14 Heavy and TractorTrailer Truck Drivers 73,977 | $23.12 Packers and Packagers, Hand 20,894 | $14.42 Legend: Occu pation Jobs | Median hourly earnings
of distribution and logistics workers living within
To produce
proprietary
a
across Dallas-Fort Worth.
DALLAS FORT WORTH
Worker Place of Residence by Occupation Group
High-Tech
Jobs in the high-tech occupation category vary widely in function and span across all industries. Software developers comprise the largest share of jobs in this group in Dallas-Fort Worth. Other positions include engineers, scientists, technicians, and researchers of all types. More than 301,000 workers are employed in this occupation group in the region.
DENTON
Each dot represents the number of high-tech workers living within a ½
Chamber worked with labor analytics company Lightcast to assign their proprietary
across Dallas-Fort Worth.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 85 TALENT | WORKER PLACE OF RESIDENCE
20-60
110-189 190-380 Legend Number of High-Tech Workers
0-19
61-109
mile square area. To produce
Dallas Regional
ZIP code level occupation data to a uniform 0.5 x 0.5 mile grid
Computer Systems Analysts 19,439 | $50.91 Network and Computer Systems Administrators 11,668 | $42.06 Operations Research Analysts 5,644 | $47.84 Computer Hardware Engineers 1,456 | $56.52 Semiconductor Processing Technicians 1,692 | $18.34
this map the
Source: Lightcast, QCEW Employees, Non-QCEW Employees, and Self-Employed DALLAS FORT WORTH
McKINNEY
A Snapshot of Regional Skills Development
Finding workers with the right mix of skills is a growing challenge for companies across industries. In Dallas-Fort Worth, the business community is meeting this challenge through avenues that include establishing apprenticeships and participating in specialized training programs through public-private partnerships. That means wherever a company locates in the region, they will have access to a steady stream of talent.
Skills Development Fund (SDF)
This successful state grant program offers businesses, consortia of businesses, or trade unions an opportunity to identify a training need and then partner with a public community or technical college to create solutions. Businesses work with college partners to develop curricula and conduct training. The local workforce board authorizes the proposal; SDF pays for the training; the college administers the grant; and businesses create new jobs and improve the skills of their current workforce.
See more at twc.texas.gov
Workforce Development
Three workforce development boards serve residents and companies across the Dallas-Fort Worth region. Companies can use board services to find, hire, train, and retain skilled workers. Workforce offices work with employers to create customized hiring events, build skills training programs, and provide labor market data. Job seekers can access WorkInTexas.com, the state’s free job board service, as well as apply for child care and transportation services.
Workforce Solutions
Greater Dallas wfsdallas.com
Workforce Solutions for Tarrant County workforcesolutions.net
Workforce Solutions
North Central Texas dfwjobs.com
Examples:
n In 2023, Dallas College and Gainwell Technologies received $1 million in grants from the Texas Workforce Commission and the U.S. Department of Labor, including $468,000 from the SDF. The Irving-based company will provide training and advancement opportunities for more than 500 employees. Gainwell develops and implements digital and cloud-enabled solutions that power state Medicaid agencies.
n In 2023, Dallas College received $1 million in SDF funding to create a job training program with partners including Mint Dentistry, Kpost Company, On-Target Supplies and Logistics, and the Richards Group. Six hundred new and current workers will receive customized training in areas like project management, roofing, dental hygiene, material handling, and desktop support.
n In 2022, Collin College received a $928,000 SDF grant to train 580 workers in highdemand occupations supporting the food manufacturing industry. Six companies will receive customized training in the areas of machine operations, material handling, business software, and quality control, among others.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 86 TALENT | SKILLS DEVELOPMENT
Workforce Solutions for Tarrant County Workforce Solutions North Central Texas Workforce Solutions Greater Dallas Dallas County Tarrant County Collin County Denton County Rockwall County Hunt County Wise County Parker County Johnson County Ellis County Hood County Somervell County Kaufman County Navarro County Palo Pinto County Erath County
Community and Technical Colleges
Community colleges in the Dallas-Fort Worth region work with companies of all sizes to customize training programs and curriculum to meet local workforce needs. Dallas College includes seven campuses and a dozen centers throughout Dallas County. Since 1965, Dallas College has served over three million people, and is one of the largest community college systems in the U.S. Tarrant County College (TCC) operates six campuses and two training centers. Approximately one in every 22 Tarrant County residents takes a TCC class each year. Collin College attracts 58,000 students annually to its 200-plus degree and certificate programs across 11 campuses. With six campuses, North Central Texas College (NCTC) is the state’s oldest continuously operating two-year college.
Dallas College led a consortium of educational institutions to secure what school officials call a groundbreaking $8.8 million grant from the U.S. Economic Development Administration in 2022. Funding is being used to train the next generation of the region’s bio and life science workforce in three areas: biotechnology, biomanufacturing, and bioinformatics.
In 2023, Dallas College received a 2024 Innovation Award from D CEO magazine and Dallas Innovates in recognition of contributions to the advancement of education including: a first-of-its-kind Student Teacher Residency Program; the first cohort of bachelor’s degree recipients in early childhood education and training; the launch of a second bachelor’s degree program in nursing; and the Student Care Network that provides holistic services to help students succeed.
Collin College announced a new partnership in 2023 to offer Plano-based Toyota’s Technician Training & Education Network (T-TEN) program at its Technical Campus in Allen. The campus provides classroom and lab space dedicated to training craftspeople on the latest techniques with the newest industry-standard technology.
In 2024, Collin College will enroll the first cohort of students in the Texas A&M Engineering Academy, a collaboration between the two schools that will allow students to pursue one of 22 majors to help the state of Texas meet a growing demand for engineers.
Tarrant County College (TCC) commissioned an independent study that estimates its value to the regional workforce includes $2.1 billion in added income for Tarrant County alone. This impact can be attributed in part to innovative programs that meet the workforce where the jobs are; reach nontraditional populations; or provide holistic services that ensure student success.
Examples include opening a training and skills development center at AllianceTexas, one of the largest employment centers in Dallas-Fort Worth; creating the Next Phase Program offered to people who have been incarcerated for low-level, nonviolent crimes to choose welding, business, or office professional courses; and authorizing construction of childcare centers on its South and Northwest campuses beginning in 2025 to bolster student-parent attendance.
In 2023, the U.S. Department of Education awarded $4.6 million over five years to TCC to help low income, firstgeneration college students access higher education.
The Texas State Technical College is a statewide system operating 10 campuses. The North Texas location comprises 100,000 square feet of labs and classrooms where students can prepare for opportunities in:
n Computer Aided Drafting & Design Technology
n Computer Networking & Systems Administration
n Cybersecurity
n Diesel Equipment Technology
n Electrical Power & Controls
n HVAC Technology
n Industrial Systems-Electrical Specialization
n Precision Machining Technology
n Welding
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 87 TALENT | SKILLS DEVELOPMENT
Higher Education Accolades
In many ways the Dallas-Fort Worth region is the intellectual capital of Texas. The Dallas Region’s 70-plus accredited universities and colleges provide the intellectual horsepower to drive one of the nation’s most diverse economies. To do so, students, faculty, and other academics engage in a wide range of studies from tackling core curricula to honing nanotechnology. The University of North Texas at Denton, the University of Texas at Dallas, and the University of Texas at Arlington are among Texas’ eight “emerging research” universities in DFW—a greater concentration than any other Texas region. UT Southwestern Medical Center, meanwhile, is among the nation’s best in biology and biochemistry research, resulting in numerous clinical breakthroughs and innovations, as well as serving as home to four Nobel laureates.
Fastest-growing Doctoral Universities in the U.S.
—Chronicle of Higher Ed (2023)
#5
#9
Top in the World:
UT Southwestern Medical Center is the only academic medical center in the world to serve as home to four Nobel laureates.
Top 30 university for social mobility in the U.S. west region
—U.S. News & World Report (2024)
#1 in Texas:
DFW has 3 Carnegie R-1 Universities (very high research activity), more than any other Texas metro.
60x30TX
Texas’ plan to align higher education and workforce by striving for 60% of 25-34 year olds to hold a degree or certificate by 2030.
#2
Computer Science
Undergraduate Degrees Awarded in the U.S.
—ASEE (2022)
#1 Region in Texas for higher ed enrollment and degree completion: 24 percent of all students in Texas are enrolled in a DFW college or university. 24 percent of all degrees completed annually in Texas come from a DFW college or university. That’s more than any other region in the state.
—THECB (2023)
“The area still attracts business and financial services companies, which have reached a critical mass and can draw on a network of necessary support services. Overall growth is buoyed by a well-educated population, a competitive cost structure and the U.S. economy’s strength.”
— Federal Reserve Bank of Dallas study, “At the Heart of Texas”
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 88 TALENT | HIGHER EDUCATION ACCOLADES
“The theoretical nature of higher education often creates natural partnerships with cutting-edge industries. The inverse is true as well. The translation into curriculum of research at the frontiers of science, technology, engineering, math, and management makes higher education institutions ideal partners for problem-solving across all industries.”
Texas Research
— Dr. Victor Fishman, Executive Director of the Texas Research Alliance
“We took a problem that we didn’t think was solvable. We figured we might have some fun with this and make these students really frustrated. But … they came back with an answer. ”
— Worlds’ CEO Dave Copps, speaking about the University of Texas at Dallas’ Design Capstone program
#2 in the Nation: Best Master’s in Data Science Programs
— Fortune Magazine (2024)
#4 Best-Run College in the U.S.
— The Princeton Review (2024)
#3 Grad School for Game Design
— The Princeton Review (2023)
“The culture of genuine partnership, collaboration, and openness to new ideas sets DFW apart in the nation.”
— Dallas Regional Chamber Higher Education Review
$67.4 billion: Economic activity in the region comes from graduates of DFW institutions, totaling 15 percent of the total regional economy.
— Perryman Group Higher Education Study
#1 Best Master of Health Administration — Intelligent.com (2023)
#1 Public School for Service Members and Veterans
— Military Times (2023)
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 89 TALENT | HIGHER EDUCATION ACCOLADES
ALLIANCE
Training, Colleges, and Universities
The Dallas-Fort Worth region offers a variety of public and private educational opportunities with robust programming in life sciences, engineering, and the arts.
The University of North Texas at Denton, the University of Texas at Dallas, and the University of Texas at Arlington are among Texas’ eight “emerging research” universities. These schools are expanding program capabilities and funding in pursuit of remaining at the top end of research institutions as defined by the Carnegie Classification methodology.
UT Southwestern Medical Center is among the nation’s top in biology and biochemistry research, boasting countless clinical breakthroughs and innovations.
Higher Education
A wide array of universities and colleges attracts students from all over the world.
Community College Districts
The Texas Workforce Commission provides funding for Continuing Education (CE) courses within the community college system.
A total of 5,362 students enrolled in CE courses in the districts and colleges listed above in Fall 2023.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 90 TCU (TEXAS CHRISTIAN UNIVERSITY) UNIVERSITY OF NORTH TEXAS TEXAS WOMAN S UNIVERSITY AT ARLINGTON RESEARCH INSTITUTE TARRANT COUNTY COLLEGE (SOUTH CAMPUS) SOUTHWESTERN ADVENTIST UNIVERSITY TARRANT COUNTY COLLEGE (NORTHWEST CAMPUS) TARRANT COUNTY COLLEGE (NORTHEAST CAMPUS) TARRANT COLLEGE (NORTHWEST CENTER OF EXCELLENCE FOR AVIATION, TRANSPORTATION AND LOGISTICS) WEATHERFORD COLLEGE HILL COLLEGE (BURLESON) HILL COLLEGE (GLEN ROSE) HILL COLLEGE (JOHNSON COUNTY) WEATHERFORD COLLEGE (EDUCATION CENTER AT GRANBURY) WEATHERFORD COLLEGE (WISE COUNTY) NORTH TEXAS (FLOWER CAMPUS) TEXAS A&M COLLEGE OF LAW UNIVERSITY OF TEXAS AT ARLINGTON - FORT WORTH ARLINGTON BAPTIST UNIVERSITY TARRANT COUNTY COLLEGE (TRINITY RIVER CAMPUS) TERRELL SCHOOL OF TARLETON STATE SOUTHWESTERN BAPTIST THEOLOGICAL SEMINARY TARLETON STATE UNIVERSITY-FORT WORTH TEXAS WESLEYAN UNIVERSITY - UNIVERSITY OF NORTH TEXAS HEALTH SCIENCE CENTER - TCU SCHOOL OF MEDICINE UNIVERSITY OF TEXAS 1 2 4 5 10 12 14 TARRANT COUNTY COLLEGE (OPPORTUNITY CENTER) NORTH CENTRAL TEXAS COLLEGE (GAINESVILLE) NORTH TEXAS (DENTON TARLETON STATE UNIVERSITY
Private University Public University Community College TALENT | TRAINING, COLLEGES, AND UNIVERSITIES
Institution 2023 Enrollment* Dallas College 61,541 Tarrant County College 41,727 Collin College 36,380 North Central Texas Community College 7,497 Navarro College 6,548 Trinity Valley Community College 5,461 Weatherford College 5,448
*preliminary
DENTON
Source: Texas Higher Education Coordinating Board FORT WORTH
COLLIN COLLEGE (MCKINNEY CAMPUS)
CAMPUS)
TEXAS A&M AGRILIFE CENTER AT DALLAS
DALLAS COLLEGE (BROOKHAVEN CAMPUS)
TEXAS
DALLAS
DALAS
DALLAS
DALLAS COLLEGE (PLEASANT GROVE CENTER)
TEXAS STATE TECHNICAL COLLEGE (RED OAK)
Major Universities
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 91 TALENT | TRAINING, COLLEGES, AND UNIVERSITIES SMU (SOUTHERN METHODIST UNIVERSITY) TEXAS A&M UNIVERSITYCOMMERCE UD PARKER UNIVERSITY UNIVERSITY OF NORTH TEXAS AT FRISCO [HALL PARK] PAUL QUINN COLLEGE ABILENE CHRISTIAN UNIVERSITY DALLAS TEXAS TECH HEALTH SCIENCE CENTER TARRANT COUNTY COLLEGE (SOUTHEAST CAMPUS) NAVARRO COLLEGE - TEXAS A&M UNIVERSITY - COMMERCE (CORSICANA)
COLLEGE (RICHLAND CAMPUS)
COLLEGE (EASTFIELD CAMPUS)
UNIVERSITY (GARLAND)
ASSEMBLIES OF GOD
DALLAS
AMBERTON
SOUTHWESTERN
COLLEGE (CEDAR VALLEY CAMPUS)
COLLEGE (MOUNTAIN VIEW CAMPUS)
COLLEGE COLLIN COLLEGE (TECHNICAL CAMPUS) (ALLEN)
COLLEGE (ROCKWALL CENTER)
COLLEGE (COURTYARD CENTER) MIDLOTHIAN HIGHER EDUCATION CENTER - NAVARRO COLLEGE - TARLETON STATE UNIVERSITY
COLLEGE (PLANO
DALLAS
COLLIN
COLLIN
COLLIN
COLLIN
COLLEGE WER MOUND CAMPUS)
CENTRAL
AMBERTON UNIVERSITY (FRISCO)
WOMAN S UNIVERSITY INSTITUTE OF HEALTH SCIENCES
COLLEGE (IRVING CENTER) COLLIN COLLEGE [FRISCO CAMPUS] - TEXAS A&M UNIVERSITY - COMMERCE UNIVERSITY OF TEXAS AT DALLAS UNIVERSITY OF TEXAS AT ARLINGTON DALLAS BAPTIST UNIVERSITY UNIVERSITY OF NORTH TEXAS AT DALLAS UNIVERSITY OF DALLAS UNIVERSITY OF PHOENIXDALLAS CAMPUS ART INSTITUTE OF DALLAS EVEREST COLLEGE WEST COAST UNIVERSITY UT SOUTHWESTERN MEDICAL CENTER UNIVERSITY OF NORTH TEXAS AT FRISCO TEXAS A&M UNIVERSITYCOMMERCE MESQUITE METROPLEX CENTER COLLIN COLLEGE HIGHER EDUCATION CENTER COLLIN COLLEGE (WYLIE CAMPUS) - TEXAS A&M UNIVERSITY - COMMERCE - TEXAS TECH UNIVERSITY - TEXAS WOMAN S UNIVERSITY - UNIVERSITY OF NORTH TEXAS AT FRISCO - UNIVERSITY OF TEXAS AT DALLAS SOUTHWESTERN CHRISTIAN COLLEGE TRINITY VALLEY COMMUNITY COLLEGE HEALTH SCIENCE CENTER TRINITY VALLEY COMMUNITY COLLEGE (TERRELL) 9 AUSTIN COLLEGE (SHERMAN) DALLAS THEOLOGICAL SEMINARY CRISWELL COLLEGE TEXAS A&M COLLEGE OF DENTISTRY UNIVERSITY OF NORTH TEXAS AT DALLAS COLLEGE OF LAW DALLAS COLLEGE (BILL J. PRIEST CENTER) UNIVERSITY OF TEXAS MCCOMBS MBA AT DALLAS UNIVERSITY OF TEXAS AT DALLAS CENTER FOR BRAINHEALTH MIDWESTERN STATE UNIVERSITY - FLOWER MOUND 3 7 13 8 6 9 11 15 TEXAS A&M UNIVERSITYCOMMERCE [DALLAS] - DALLAS COLLEGE -UNT DALLAS (LANCASTER INNOVATION CENTER) DALLAS COLLEGE (WEST DALLAS CENTER) DALLAS COLLEGE (NORTH LAKE CAMPUS) DALLAS COLLEGE (COPPELL CENTER) DALLAS CHRISTIAN COLLEGE DALLAS COLLEGE (CULINARY, PASTRY, HOSPITALITY CENTER) DALLAS COLLEGE (HEALTH SCIENCE & DENTAL HYGIENE CENTERS) DALLAS COLLEGE (DOWNTOWN DESIGN CENTER) DALLAS COLLEGE (GARLAND CENTER) DALLAS COLLEGE (CEDAR HILL CENTER) COLLIN COLLEGE (CELINA CAMPUS) COLLIN COLLEGE (FARMERSVILLE CAMPUS) COLLIN COLLEGE (PUBLIC SAFETY TRAINING CENTER) CENTRAL COLLEGE (GAINESVILLE) NORTH CENTRAL TEXAS COLLEGE (DENTON CAMPUS) NORTH CENTRAL TEXAS COLLEGE (CORINTH CAMPUS) UNIVERSITY OF NORTH TEXAS AT UNIVERSITIES CENTER AT DALLAS UNIVERSITY OF TEXAS AT DALLAS - CENTIQ DALLAS COLLEGE (EL CENTRO CAMPUS) NAVARRO COLLEGE (WAXAHACHIE CAMPUS)
University 2023 Enrollment* 1 University of North Texas (UNT) 46,751 2 The University of Texas at Arlington (UTA) 41,376 3 The University of Texas at Dallas (UTD) 30,846 4 Texas Woman’s University (TWU) 15,180 5 Texas Christian University (TCU) 12,731 6 Texas A&M University (TAMU) - Commerce 12,094 7 Southern Methodist University (SMU) 11,835 8 Dallas Baptist University (DBU) 4,201 9 University of North Texas (UNT) - Dallas 3,798 10 Texas Wesleyan University 2,666 11 UT Southwestern 2,502 12 University of North Texas Health Science Center - Fort Worth 2,317 13 University of Dallas (UD) 2,182 14 Texas A&M University School of Law - Fort Worth 447 15 University of North Texas College of Law - Dallas* 417 *preliminary Source: Texas Higher Education Coordinating Board DALLAS McKINNEY DENTON
DFW Higher Education Institutions
Other Higher Learning Institutions in the Region
Abilene
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 92 TALENT | TRAINING, COLLEGES, AND UNIVERSITIES Institution 2023 Enrollment Associate's Bachelor's Master's Certificates Post-Bachelor's or Master's Doctorate Amberton University 895 82 321 Austin College 1,138 365 16 Collin County Community College District 36,380 4,361 27 Criswell College 157 2 20 5 Dallas Baptist University 4,201 26 618 337 1 43 Dallas College 61,541 7,626 Navarro College 6,548 906 North Central Texas College 7,497 1,101 Parker University 2,142 85 128 111 288 Paul Quinn College 618 80 Southern Methodist University 11,835 2,091 1,810 67 394 Southwestern Adventist University 805 3 130 11 Southwestern Assemblies of God University 1,725 212 243 98 4 Southwestern Christian College 124 19 1 Tarrant County College District 41,727 5,819 Texas A & M University-Commerce 12,094 2,007 1,451 11 61 Texas A&M University School of Law 447 Texas Christian University 12,731 2,529 496 42 120 Texas State Technical College, North Texas Campus 527 Texas Wesleyan University 2,666 341 129 46 Texas Woman's University 15,180 2,197 1,766 134 222 Trinity Valley Community College 5,461 939 19 University of Dallas 2,182 324 327 3 13 University of North Texas 46,751 7,937 2,702 243 315 University of North Texas at Dallas 3,798 871 157 109 University of North Texas at Dallas College of Law 417 University of North Texas Health Science Center 2,317 481 18 396 University of Texas at Arlington 41,376 8,415 4,686 284 311 University of Texas at Dallas 30,846 4,995 2,358 253 268 University of Texas Southwestern Medical Center 2,502 91 184 336 Weatherford College 5,448 741 11 West Coast University 1,329 310 137 9 2
Total Enrollment (2023, preliminary) and Degrees Awarded (2021-2022) for Select Institutions
Christian University Online
Baptist University
Institute of Maintenance
School of Professional Psychology
Career College
Institute of Funeral Service
Theological Seminary DeVry University KD Conservatory College of Film and Dramatic Arts Lincoln College of Technology MediaTech Institute
Health Training Center
College
College Source: Texas Higher Education Coordinating Board; Lightcast and National Center for Education Statistics
for Allied Health Professionals
University
States National Tennis Academy
Technical Institute
of Phoenix Wade College
Arlington
Aviation
Chicago
Concorde
Dallas
Dallas
PCI
Peloton
Remington
School
Strayer
United
Universal
University
Talent Pipeline
323,836
Number of bachelors, masters, and PhD degrees awarded in 2022 from educational institutions within Texas and adjacent states.
55,872
Number of bachelor’s, master’s, and PhD degrees awarded in 2022 from Dallas-area colleges and universities.
Degrees Awarded (2022) in Dallas-Fort Worth by Area of Study
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 93 TALENT | TRAINING, COLLEGES, AND UNIVERSITIES Area of Study Associate Bachelor’s Master’s Certificates PostBachelor’s or Master’s Doctorate Agricultural/Animal/Plant/Veterinary Science And Related Fields 145 97 38 Architecture and Related Services 3 97 56 2 3 Area, Ethnic, Cultural, Gender, and Group Studies 58 379 5 61 Biological and Biomedical Sciences 38 2,142 562 198 138 Business, Management, Marketing, and Related Support Services 1,421 6,456 5,219 155 64 Communication, Journalism, and Related Programs 33 1,550 127 21 Communications Technologies/Technicians and Support Services 177 2 41 39 Computer and Information Sciences and Support Services 729 2,422 1,313 127 69 Construction Trades 15 Culinary, Entertainment, and Personal Services 156 9 Education 694 889 2,384 29 215 Engineering 35 1,757 818 40 221 Engineering/Engineering-related Technologies/Technicians 245 94 89 2 English Language and Literature/Letters 2 407 66 7 42 Family and Consumer Sciences/Human Sciences 55 205 84 9 Foreign Languages, Literatures, and Linguistics 21 284 100 10 2 Health Professions and Related Programs 2,219 5,643 3,037 289 1,352 History 387 40 5 13 Homeland Security, Law Enforcement, Firefighting and Related Protective Services 397 855 83 5 Legal Professions and Studies 142 22 58 378 Liberal Arts and Sciences, General Studies and Humanities 15,027 1,153 100 10 24 Library Science 8 525 144 Mathematics and Statistics 1 448 362 22 50 Mechanic and Repair Technologies/Technicians 836 Multi/Interdisciplinary Studies 3 2,009 203 1 2 Natural Resources and Conservation 1 61 18 1 6 Parks, Recreation, Leisure, Fitness, and Kinesiology 22 934 198 2 9 Philosophy and Religious Studies 94 128 3 8 Physical Sciences 1 264 112 109 Precision Production 61 Psychology 33 1,870 372 16 74 Public Administration and Social Service Professions 35 594 942 92 26 Social Sciences 30 1,389 184 26 38 Theology and Religious Vocations 103 257 687 10 99 Transportation and Materials Moving 37 21 Visual and Performing Arts 313 1,797 304 31 53 Grand Total 23,132 34,301 18,504 1,287 3,067
Dallas-area employers are able to recruit easily from hundreds of schools within Texas and adjacent states, offering a highly educated pipeline
talent.
of
STEM Certificates/Degrees Awarded (2022) in DFW by Classification
Texas Research Alliance: Building Collaborations Between Companies and Universities
Personalized
service helps cut costs, reduce time to market, and connect companies with the resources and expertise of the Dallas-Fort Worth innovation ecosystem.
CONNECT
n The TRA works with companies to understand their research and innovation needs and bring its network of university faculty, high-growth companies, and startups to help solve challenges.
n The TRA enables access to industry collaborations.
n The TRA engages companies into a large network of expertise in areas such as: AI/ML, defense innovation, mobility, robotics, edge computing, sensors, SBIR, STTR, IoT, and more.
ABOUT
n 501(c)(3) non-profit organization
n Founded by four of the largest chambers of commerce in DallasFort Worth
n Aligned with the premier research universities and colleges across Dallas-Fort Worth
n Engaged to ensure that Dallas-Fort Worth industries, non-profits, municipalities, and public agencies can access and leverage regional research and innovation resources
n No charge for TRA support, and collaborations can work under non-disclosure agreements
Consider a Capstone Partnership
Productive ways to engage with DFW research universities include Lab and Facility Use Agreements, faculty consulting, Sponsored Research Agreements (IP rights considered), internships, and capstone projects. Capstone projects are an ideal way to solve engineering and development problems that you just don’t have the human resources to get to, while at the same time working with teams of students that may one day be your team leaders or even the CEO of your company. By partnering with external sponsors, students not only work on real world projects, but also gain valuable team-building experience in a results-oriented environment. www.tradfw.org
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 94 TALENT | TRAINING, COLLEGES, AND UNIVERSITIES Aerospace, Aeronautical, and Astronautical/Space Engineering 86 Applied Mathematics 204 Architectural Engineering 21 Astronomy and Astrophysics 6 Biochemistry, Biophysics and Molecular Biology 450 Biology, General 1,911 Biomathematics, Bioinformatics, and Computational Biology 31 Biomedical/Medical Engineering 295 Biotechnology 26 Cell/Cellular Biology and Anatomical Sciences 101 Chemistry 223 Civil Engineering 231 Computer and Information Sciences, General 2,554 Computer Engineering 474 Computer Programming 43 Computer Science 453 Computer Software and Media Applications 50 Computer Systems Analysis 73 Computer Systems Networking and Telecommunications 83 Computer/Information Technology Administration and Management 391 Construction Engineering 125 Data Processing 67 Ecology, Evolution, Systematics, and Population Biology 64 Electrical, Electronics, and Communications Engineering 484 Engineering, General 71 Engineering, Other 15 Environmental/Environmental Health Engineering 17 Genetics 17 Geological and Earth Sciences/Geosciences 53 Industrial Engineering 109 Information Science/Studies 946 Manufacturing Engineering 43 Materials Engineering 84 Mathematics 444 Mechanical Engineering 684 Microbiological Sciences and Immunology 47 Neurobiology and Neurosciences 399 Operations Research 50 Physics 204 Physiology, Pathology and Related Sciences 32 Statistics 235 Systems Engineering 82 Total 11,978
ALLIANCE Texas Research
Source: Lightcast and National Center for Education Statistics
Labor force of over 2.3 million within 25 miles
• Top Rated school district in Texas • Less than 7-minutes from Dallas-Fort Worth International Airport
• Over 70% of residents with bachelors degree or higher
• Average household income over $270,000
• No state corporate income tax • No state personal income tax
• Over 400 local shopping & dining businesses
• Over 5.3 million square feet of office space
• Over 4.6 million square feet of retail space
• Over 2 million visitors per year • Award-winning community
SELECTSOUTHLAKE.COM
Where Business Meets Prosperity
INNOVATIVE • GREAT WORKFORCE • GLOBAL ACCESS VIBRANT ECONOMY • DIVERSE • SPORTS & ENTERTAINMENT HUB ArlingtonTX.gov/EDC • EconomicDevelopmentCorporation@ArlingtonTX.gov
Industry Diversity
Advanced Services
Manufacturing
Financial Activities
High-Tech
Health Care
Life Science
Aviation
and Aerospace Hospitality Logistics
Industry 2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 97
Photo: Michael Samples AT&T headquarters in Downtown Dallas
Industry Diversity
Industrial diversity is an index used to gauge the extent to which an area’s economy resembles the national economy, and is useful in determining how closely the nation’s economic performance will be mirrored across regions. The diversity index for a given year is calculated using employment data at the four-digit NAICS level of industrial detail. A diversity index of 1.0, the highest possible value, indicates that an area’s industrial structure—its distribution of employment across industries—is exactly the same as that of the nation. The lower the index, the less the region approximates the industrial structure of the nation. The index assumes that it is impossible for a regional economy to be more diverse than the national economy. A state or metropolitan area with a high diversity index is more likely to weather an economic downturn than those dependent on a single industry.
Moody’s Industrial Diversity Index
Variance from Percent of U.S. Employment
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 98 INDUSTRY | INDUSTRY DIVERSITY 1.0 .9 .8 .7 .6 .5 .4 .3 .2 .1 0 .83 .82 .82 .81 .80 .74 .75 .70 .69 .66 .49 .38 ChicagoDallas-FortWorth Atlanta PhiladelphiaPhoenixNewYork Miami BostonLosAngeles SanFranciscoHoustonWashington,D.C. United States Diversity Index = 1.0
Dallas* Fort Worth* Austin Houston Dallas* Fort Worth* Austin Houston Dallas* Fort Worth* Austin Houston Dallas* Fort Worth* Austin Houston 8% 7% 6% 5% 4% 3% 2% 1% -1% -2% -3% -4% -5% 8% 7% 6% 5% 4% 3% 2% 1% -1% -2% -3% -4% -5% Professional and Business Services Financial Activities Information Mining, Logging, and Construction
U.S. Employment * Metropolitan division. All others are metropolitan statistical areas.
Supersector Source: Bureau of Labor Statistics
Texas Metro Comparisons: 2023 Employment by
Industry Sectors
As one of the most diverse regional economies in the nation, Dallas-Fort Worth excels in many important industry sectors. DFW has ranked among the top five regions in 10 of the 12 industries evaluated by Site Selection Magazine (including a first-place ranking in Aerospace).
Logistics and trade, technology, and advanced and other professional services represent the lifeblood of the economy, offering competitive advantages on both the national and the international levels. The DFW area is also a proven location for headquarters to thrive, making the region a magnet for business leadership.
FinancialActivities HealthServices
99 2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE INDUSTRY | INDUSTRY DIVERSITY 1.45 19.3% 1.32 28.9% .76 12.0% 1.52 6.3% 6.4% 1.02 7.7% 1.01 9.6% 9.1% 1.08 6.2% 7.4% 0.89 6.9% 3.5% 1.011.9% 1.8% .8% 1.17 0.5 % 0.76 12.4 % 2.3% PublicAdministration(IncludingEducation) Trade, Transportation,and Utilities Professional and Business Services
Other Services LeisureandHospitality Construction Manufacturing Information Natural Resources and Mining 20.6% 20.7% 9.8% 5.0 %
% % Employment Location Quotient Establishments Legend Source: Lightcast, Bureau of Labor Statistics Location Quotient: An industry concentration measure, location quotient (LQ) = industry share of local employment/industry share of national employment (e.g., an LQ of 1.15 means the location is 15 percent more reliant on that industry’s employment than is the nation as a whole).
Advanced Services
Advanced services have traditionally referred to headquarters. However, this category also includes financial, professional, and technical services— from management consulting firms to business insurers and from accounting to legal services.
Complex technologies and transactional operations throughout Dallas-Fort Worth are pushing most advanced services activities into highly specialized firms and enterprises. DFW has many of these operations and will likely continue to attract additional companies.
Management, Control, and Support Functions of Corporate Activities
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 100
Legend: Occu pation Jobs | Median hourly earnings Financial Managers 23,409 | $71.71 Management Analysts 22,948 | $48.09 Market Research Analysts and Marketing Specialists 20,637 | $30.85 Project Management Specialists 32,668 | $46.00 INDUSTRY | ADVANCED SERVICES Number of Advanced Services Businesses 1 165 750 Number of Advanced Services Businesses 1 60 760 FORT WORTH DENTON
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 101 INDUSTRY | ADVANCED SERVICES Industry Establishments Avg. Employment Telecommunications 878 34,454 Data Processing, Hosting, and Related Services 762 16,303 Finance and Insurance 13,479 277,656 Real Estate and Rental and Leasing 11,996 102,741 Professional, Scientific, and Technical Services 34,388 390,271 Total 61,503 821,425 Accountants and Auditors 43,397 | $38.31 Financial and Investment Analysts 11,019 | $40.46 Computer Systems Analysts 19,439 | $50.91 Network and Computer Systems Administrators 11,668 | $42.06 Computer Programmers 4,393 | $45.13 Software Developers 56,078 | $58.61 Source: Lightcast, Bureau of Labor Statistics DALLAS McKINNEY
Manufacturing
The Dallas-Fort Worth region is often associated with major headquarters, logistics, distribution, and supply chain operations. But people might not realize that the manufacturing industry makes up seven percent of the regional economy by employment.
DFW has more manufacturing activity than any other metro area in Texas. The size and scope of operations create a diverse manufacturing landscape across many sectors. Goods produced in DFW range from boots and clothing to bricks, steel, plastics, SUVs, and aerospace components.
Just a few of the large manufacturing operations in DFW include the General Motors Assembly Plant in Arlington, Lockheed Martin in Fort Worth, and Texas Instruments in Dallas.
A Cornerstone of Our Economy
Dallas-Fort Worth has more manufacturing activity than any other metropolitan area in Texas.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 102 INDUSTRY | MANUFACTURING
1 2 3 4 11 13 42 16 23 24 25 28 30 31 35 14 21 27 29 32 9 36 37 17 39
Industry Establishments Avg. Employment Manufacturing 7,285 306,728 Legend: Occu pation Jobs | Median hourly earnings Industrial Production Managers 5,683 | $57.04 Industrial Engineers 8,633 | $48.05 Mechanical Engineers 5,122 | $47.76 Industrial Machinery Mechanics 10,769 | $28.58
Manufacturing Employment by Metro Rest of Texas 31.5% Dallas 31.2% San Antonio 6.2% Houston 23.5% Austin 7.6% FORT
DENTON
Share of Statewide
WORTH
Major Manufacturing Operations in Dallas-Fort Worth
1 Airbus Helicopter
2 Alcon Laboratories
3 American Leather
4 Bell Helicopter
5 Bombardier U.S. Aerostructures
6 Canadian Solar
7 Coca-Cola Southwest Beverages
8 Dal-Tile Corporation
9 DrinkPak
10 Dynacraft
11 ESAB
12 Evolve Biologics
13 TreeHouse
14 Frito-Lay
15 Fujitsu Network Communications
16 General Motors
17 Gerdau
18 Keurig Dr Pepper
19 KraftHeinz
20 L3Harris
21 LG Electronics
22 Lennox International
23 Lockheed Martin Aeronautics
24 Lockheed Martin Missiles & Fire Control
25 Louis Vuitton
Madix
Kay
Coors
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 103 INDUSTRY | MANUFACTURING 7 8 8 15 19 20 22 26 33 34 38 40 41 6 5 14 12 10 18 First-Line Supervisors of Production and Operating Workers 18,092 | $29.87 Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, and Finishers 6,578 | $17.56 Miscellaneous Assemblers and Fabricators 37,347 | $17.17 Helpers— Production Workers 6,703 | $16.26 Production Workers, All Other 3,278 | $17.14 Source: Lightcast, Bureau of Labor Statistics
34
35
36
Nephew 38 Solar Turbines 39 SunOpta 40 Texas Instruments 41 Trina Solar 42 Wabtech Number of Manufacturing Businesses 1 10 37 Number of Advanced Services Businesses 1 60 760 DALLAS McKINNEY
26
27 Mary
28 Miller
29 MP Materials 30 Peterbilt Motors 31 Poly-America 32 Pratt Industries 33 Qorvo
Raytheon, an RTX Business
Safran
Siemens 37 Smith &
Financial Activities
The Dallas-Fort Worth region is a key U.S. financial center. DFW is home to Comerica’s corporate headquarters, and Bank of America and Fidelity Investments maintain major operations and call centers here.
JPMorgan Chase, Citigroup, and Wells Fargo are among the top employers in the region.
The DFW Region Is a Key U.S. Financial Center
Capital One operates an innovation center that is helping to drive advances in fintech. In 2021, Charles Schwab relocated its headquarters to DFW after acquiring TD Ameritrade, which also has a sizable campus in the region. In 2022, Goldman Sachs broke ground on a new HQ office development in downtown Dallas that will house 5,000 employees. And in 2023, Bank of America announced it will become the largest tenant in the tallest office building in Uptown scheduled for delivery in 2027.
The Federal Reserve Bank of Dallas serves the 11th Federal Reserve District comprising Texas, northern Louisiana, and southern New Mexico. The Federal Deposit Insurance Corporation also operates a regional office here.
Financial firms are located throughout the DFW region, with the largest concentration centered in downtown Dallas and its northern suburbs of Addison, Irving, and Plano. Downtown Fort Worth also has many financial companies.
When it comes to insurance, the Dallas-Fort Worth area is home to national or regional headquarters for most major providers, including State Farm and Liberty Mutual.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 104 9 8 7 6 5 4 3 2 57 56 54 52 50 48 47 46 44 43 37 36 32 30 26 20 13 1 55 49 42 41 39 38 35 34 33 31 29 28 27 25 24 23 22 21 19 18 17 16 15 14 12 11 10 INDUSTRY | FINANCIAL ACTIVITIES
Legend: Occu pation Jobs | Median hourly earnings Financial Managers 19,717 | $73.00 Accountants and Auditors 37,486 | $38.08 Credit Analysts 2,899 | $37.93 Financial and Investment Analysts 11,423 | $38.60 Number of Financial Industry Businesses 1 52 229 Number of Advanced Services Businesses 1 60 760 DALLAS FORT WORTH DENTON
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 105 53 51 45 40 INDUSTRY | FINANCIAL ACTIVITIES Personal Financial Advisors 11,965 | $40.12 Loan Officers 11,612 | $30.16 Insurance Sales Agents 25,703 | $24.75 Securities, Commodities, and Financial Services Sales Agents 16,788 | $31.00 Insurance Claims and Policy Processing Clerks 8,931 | $22.31 Source: Lightcast, Bureau of Labor Statistics ● Finance 1 Alkami Technology 2 Amegy Bank 3 Bank of America 4 Bank of Texas 5 Bread Financial 6 Broadridge Financial Solutions 7 Capital One Auto Finance 8 Charles Schwab 9 Citi 10 Comerica Bank 11 Fannie Mae 12 Federal Reserve Bank of Dallas 13 Fidelity Investments 14 Frost Bank 15 GM Financial 16 Goldman Sachs 17 Heartland Payment Systems 18 Hilltop Securities 19 JPMorgan Chase 20 Mercedes-Benz Financial Services USA 21 Merrill Lynch 22 MoneyGram International 23 Mr. Cooper 24 Options Clearing Corp 25 ORIX USA Corp 26 PlainsCapital Bank 27 PNC Financial Services 28 Regions Bank 29 Santander Consumer USA 30 TD Ameritrade 31 Texas Capital Bank 32 Toyota Industries Commercial Finance 33 Truist Bank 34 Veritex Holdings 35 Wells Fargo Bank ● Insurance 36 AAA Texas 37 Allstate 38 Aon 39 BenefitMall 40 Blue Cross & Blue Shield of Texas 41 Chubb Group of Insurance Companies 42 FDIC 43 FM Global 44 GAINSCO 45 Geico 46 Globe Life 47 Hallmark Financial Services 48 HUB International 49 Liberty Mutual Insurance 50 New York Life Insurance 51 State Farm Insurance 52 TIAA 53 Travelers 54 UnitedHealthcare of Texas 55 USAA 56 USHEALTH Group 57 Zurich Finance and Insurance Companies in Dallas-Fort Worth Industry Establishments Avg. Employment Monetary Authorities-Central Bank 24 1,171 Credit Intermediation and Related Activities 4,215 122,698 Securities, Commodity Contracts, and Other Financial Investments and Related Activities 3,903 43,112 Insurance Carriers and Related Activities 5,167 109,724 Funds, Trusts, and Other Financial Vehicles 170 950 Total 13,479 277,655 McKINNEY
High-Tech
In 1958, Dallas led the nation into the new era of information and communication technologies with Nobel laureate Jack Kilby’s invention of the microchip at Texas Instruments. This invention spurred the development of technologies ranging from laptop computers to smartphones to those that make space travel possible.
The DFW technology industry encompasses four general categories: manufacturing, information services, professional and technical services, and bio sciences. The region’s activity in emerging technologies such as next generation wireless and broadband communications, artificial intelligence, virtual reality, life science, and the intersections where each of these converge is gaining national recognition.
The
New
2023 High-Tech
Los
Seattle-Tacoma-
San
Clara, CA
IL-IN-WI
Atlanta-Sandy
The Information Age Was Born in DFW
Top Companies with Operations in Dallas-Fort Worth
Semiconductor Design and Manufacturing
Analog Devices
Diodes
Globitech
Micron Technology
Mouser Electronics
Qorvo
STMicroelectronics
Texas Instruments
Telecommunications Equipment and Services
AT&T
BT Americas
Cisco Systems
Ericsson
Frontier Communications
Fujitsu Network Communications
L3 Aerospace Systems
Mavenir
Metro by T-Mobile
Motorola Solutions
NEC Corporation
Nokia Solutions and Networks
Ribbon Communications
Samsung Electronics America
Verizon Communications
Electronic Instrument Manufacturing
BAE Systems
Collins Aerospace
Elbit Systems of America
Fossil Group
GKN Aerospace
Honeywell
L3Harris Technologies
Leonardo DRS Technologies
Lockheed Martin
Megger Group
Raytheon, an RTX Business
Sanmina
Schneider Electric
Computer Systems and Software Development
Accenture
Atos
Capgemeni
CGI Technologies and Solutions
Deloitte
DXC Technology
EY
Gearbox Entertainment
HCL Technologies
Hitachi Consulting
IBM
Infosys
Inclusion Cloud
Improving
Intuit
McAfee
Microsoft
NTT Data
Oracle
RealPage
Salesforce
Slalom
Solera
Splunk
Tata Consultancy Services (TCS)
Tech Mahindra
Toyota Connected
Trend Micro
Wipro
ZIX Corp
Cloud Services and Data Centers
ADP
Aligned Data Centers
Amazon
AT&T
Atos
CyrusOne
Cyxtera
DataBank
Digital Realty Trust
Equinix
Evoque
Facebook Google
HP Enterprise Services
IBM
NTT Global Data Centers
Rackspace Technology
StackPath
Stream Data Centers
Online Services and Shopping
Amazon
Chewy.com
Cost Plus Drugs
Facebook
Hotels.com
Match Group
Sabre
Thryv
Travelocity
Woot.com
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 106 INDUSTRY | HIGH-TECH
5th Largest Concentration of High-Tech Jobs in the U.S.
Employment
York-NewarkJersey
542,837
Arlington-Alexandria,
385,484
City, NY-NJ-PA
Washington-
DC-VA-MD-WV
Angeles-Long Beach-Anaheim, CA 360,623 San FranciscoOakland-Berkeley, CA 310,845
WorthArlington, TX 301,208
Newton, MA-NH 277,662
Dallas-Fort
Boston-Cambridge-
Bellevue,
270,304
WA
Jose-SunnyvaleSanta
252,534
Elgin,
248,932
Chicago-Naperville-
Springs-Alpharetta, GA 204,733 Computer Systems Analysts 19,025 | $50.96 Computer Network Support Specialists 4,308 | $36.31 Computer Network Architects 6,197 | $64.84 Software Developers 55,112 | $58.62
Legend: Occu pation Jobs | Median hourly earnings
High-Tech Manufacturing
Bio Sciences & Medical Technology
Services Professional & Technical Services
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 107 INDUSTRY | HIGH-TECH
Information
Aerospace Engineers 2,810 | $55.56 Computer Hardware Engineers 1,431 | $56.53 Electrical Engineers 5,216 | $47.27 Mechanical Engineers 5,060 | $47.77 Industrial Engineering Technologists and Technicians 1,219 | $28.31 Semiconductor Processing Technicians 1,722 | $18.30 Source: Lightcast, Bureau of Labor Statistics Industry Basic Chemical Manufacturing 67 2,413 Pharmaceutical and Medicine Manufacturing 85 5,029 Medical Equipment and Supplies Manufacturing 269 6,590 Scientific Research and Development Services 530 7,486 Sub-total 951 21,518 Industry Semiconductor Machinery Manufacturing 9 243 Commercial and Service Industry Machinery Manufacturing 57 1,081 Computer and Electronic Product Manufacturing 584 46,253 Aerospace Product and Parts Manufacturing 124 31,559 Sub-total 774 79,136 Avg. Employment Avg. Employment Establishments Establishments Establishments Establishments
Industry Software Publishers 785 14,088 Telecommunications 855 34,869 Data Processing, Hosting, and Related Services 779 16,292 Media Streaming Services, Social Networks, and Other Media Networks, Content Providers 188 3,437 Sub-total 2,607 68,686 Industry Engineering Services 1,580 29,145 Testing Laboratories 210 3,333 Computer Training 74 392 Computer Systems Design and Related Services 10,195 122,056 Sub-total 12,059 154,926 Total for all sectors 16,391 324,266 Avg. Employment Avg. Employment Number of High-Tech Industry Businesses 1 12 64 Number of Advanced Services Businesses 1 60 760 DALLAS FORT WORTH McKINNEY DENTON
Health Care
Health care industry companies are located throughout the Dallas-Fort Worth region where they can tap into a broad base of skilled employees. Dallas’ medical community includes the highly rated UT Southwestern Medical Center and Baylor University Medical Center, as well as Parkland Hospital’s burn unit, one of the most recognized units in the nation. The health care industry in DFW is more than services, however. It also encompasses manufacturing, research, and goods distribution. The activities often cluster around each other, creating synergy within the health care community.
138 Hospitals and Other Facilities With Acute Care Capacity
Health Care Systems and Services in Dallas-Fort Worth
Major Not-for-Profit
Major For-Profit Systems
Services
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 108 Industry Health Care and Social Assistance Home Health Equipment Rental Pharmacies and Drug Retailers 1,421 15,104 Optical Goods Retailers 260 1,428 Other Health and Personal Care Retailers 480 3,880 Research and Development in Biotechnology (except Nanobiotechnology) 147 2,066 Sub-total 28,045 456,280 29,947 Industry Direct Health and Medical Insurance Carriers 90 6,887
Insurance Avg. Employment Avg. Employment INDUSTRY |
5 7 10 12 13 15 17 18 20 21 24 25 26 27 30
Occu pation Jobs | Median hourly earnings Medical and Health Services Managers 15,606 | $50.71 Physician Assistants 2,612 | $61.71 Occupational Therapists 2,694 | $46.38 Registered Nurses 70,734 | $39.79 Avg. Employment Establishments Establishments
Legend:
Systems
Children’s
Baylor Scott & White Health
Health CHRISTUS Health Cook Children’s Methodist Health
Texas Health Resources UT Southwestern
Medical City Healthcare Steward Health Care Tenet Healthcare
Major Public Systems JPS Health Network
Accentcare
HomeCare AMN Healthcare Community Hospital Corp Concentra
Health Solutions
Corporation
Renal Care
FORT
DENTON
Major Veterans System VA North Texas Health Care
Parkland Health National Health Care HQs
Addus
Conifer
Golden Living McKesson
U.S.
United Surgical Partners
WORTH
Manufacturing
Wholesale Trade
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 109 INDUSTRY | HEALTH CARE 1 2 3 4 6 8 9 11 14 16 19 22 23 28 29 31 32 Dental Hygienists 3,653 | $39.28 Clinical Laboratory Technologists and Technicians 7,968 | $25.35 Surgical Technologists 2,537 | $29.31 Licensed Practical and Licensed Vocational Nurses 15,920 | $26.52 Medical Records Specialists 6,469 | $19.68 Nursing Assistants 24,263 | $16.06 Source: Lightcast, Bureau of Labor Statistics Major Hospitals (With More Than 200 Beds) Hospital Number of beds 1 Medical City Dallas Hospital 986 2 Baylor University Medical Center 914 3 Parkland Memorial Hospital 882 4 Texas Health Presbyterian Hospital Dallas 875 5 Texas Health Harris Methodist Hospital Fort Worth 720 6 Medical City Plano 664 7 John Peter Smith Hospital ............................... 639 8 University of Texas Southwestern Medical Center 608 9 Methodist Dallas Medical Center ......................... 592 10 Baylor Scott & White All Saints Medical Center - Fort Worth 538 11 Children’s Medical Center of Dallas ....................... 490 12 Medical City Arlington 453 13 Cook Children’s Medical Center .......................... 444 14 Methodist Richardson Medical Center 443 15 Texas Health Arlington Memorial Hospital 369 16 Texas Health Presbyterian Hospital Plano 338 17 Texas Health Huguley Hospital 327 18 Medical City Fort Worth 320 19 Methodist Charlton Medical Center 314 20 Baylor Scott & White Medical Center - Grapevine 302 21 Baylor Scott & White Medical Center - Irving 293 22 Dallas VA Medical Center ................................ 289 23 Columbia Medical Center of McKinney Subsidiary, L.P. 281 24 Texas Health Harris Methodist Hospital Southwest Fort Worth 261 25 Texas Health Presbyterian Hospital Denton 255 26 Methodist Mansfield Medical Center ...................... 254 27 Texas Health Harris Methodist Hospital Hurst - Euless - Bedford 252 28 White Rock Medical Center 218 29 Carrollton Regional Medical Center 216 30 Medical City Denton .................................... 208 31 Lifecare Hospitals of North Texas - Dallas 206 32 Dallas Regional Medical Center .......................... 202
Avg. Employment Avg. Employment Establishments Establishments Industry Pharmaceutical and Medicine Manufacturing 85 5,029 Analytical Laboratory Instrument Manufacturing 11 1,128 Irradiation Apparatus Manufacturing 6 <10 Medical Equipment and Supplies Manufacturing 269 6,590 Sub-total 371 12,747 Industry Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers 562 10,257 Ophthalmic Goods Merchant Wholesalers 50 993 Drugs and Druggists' Sundries Merchant Wholesalers 391 9,805 Sub-total 1003 21,055 Total for all sectors 29,542 526,916 Number of Health Care Businesses 1 42 246 Number of Advanced Services Businesses 1 60 760
McKINNEY
DALLAS
Life Science
The Dallas-Fort Worth life science industry is dominated by pharmaceutical, optical, and medical device manufacturers, such as Alcon (Fort Worth) and EssilorLuxottica (Dallas). The region has shown enormous capacity to attract major industry players like McKesson and Galderma.
The convergence of innovative research and development with regional expertise in emerging technologies defines DFW’s life science industry. UT Southwestern Medical Center in Dallas is among the nation’s best in biology and biochemistry research, while UNT’s Health Science Center (Fort Worth), and Pegasus Park (Dallas)—regional hubs for life science discovery and commercialization—are providing a supportive ecosystem that attracts the most promising startups and federal investments like the ARPA-H Customer Experience Hub.
Making More of Life
The DFW region is on the leading edge of defining new research trends and opportunities in life sciences.
FORT WORTH
DALLAS
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 110 INDUSTRY | LIFE SCIENCE
Bioengineers and Biomedical Engineers 399 | $31.88 Chemical Engineers 399 | $62.64 Medical Scientists, Except Epidemiologists 1,797 | $40.03 Chemists 763 | $38.29 Source: Lightcast, Bureau of Labor Statistics Industry Basic Chemical Manufacturing 67 2,413 Pharmaceutical and Medicine Manufacturing 85 5,029 Medical Equipment and Supplies Manufacturing 269 6,590 Scientific Research and Development Services 530 7,486 Medical Laboratories 597 7,052 Diagnostic Imaging Centers 244 3,952 Total 1,792 32,522 Avg. Employment Establishments Legend: Occu pation Jobs | Median hourly earnings
Number of Life Sciences Industry Businesses 1 4 16 Number of Advanced Services Businesses 1 60 760
McKINNEY
DENTON
Sample of Life Sciences Companies in Dallas-Fort Worth
Abbott Laboratories
Actuate Therapeutics
ARPA-H Hub
Alcon
Argon Medical Devices
Arugula Sciences
AstraZeneca
Atrion Corporation
Ayuvis
B. Braun Medical
Balanced Media
Benchmark Research
BioLabs Pegasus Park
Bio-Synthesis Inc
Bledsoe Brace Systems
Boval BioSolutions
Cardinal Health Inc
Caris Life Sciences
Carter Bloodcare
Celanese
CerSci
Ceutical Labs
Colossal
Cost Plus Drugs
Covance
DFB Pharmaceuticals
DJO Global
E4D
EssilorLuxottica
Fortrea
Galderma Laboratories
Galt Medical
Gradalis
Grifols Biomat USA
Hanger, Inc.
Inform Diagnostics
Innovative Life Sciences
Input Hearing Systems
Integer Holdings
Kwivik Medical
LabCorp
Lantern Pharma
LinedanceAI
Mary Crowley Cancer Research
Med Fusion, LLC
Medtronic
Metroplex Clinical Research Center
Neuro Rehab VR
Nurse Assist, Inc.
Nuvectra Corp
OncoNano
OraMetrix Inc.
Orano Med
Orthofix
OsteoMed
Oxefit
Peloton Therapeutics
Plexon Inc
Progressive Laboratories
Quest Diagnostics
RBC Life Sciences Inc.
ReCode Therapeutics
Retina Foundation
Retractable Technologies
Sanara Medtech
Signify Health
Smith & Nephew
Sovereign Pharmaceuticals
St. Jude Medical
Neuromodulation
Strukmyer Medical
Stryker Orthopaedics
Swiss American CDMO
Taysha Gene Therapies
Texas Oncology
TissueGen
Verily
Vigilant Software
ZipData
Cancer Prevention & Research Institute of Texas
n CPRIT’s goal is to expedite innovation and commercialization in the area of cancer research and to enhance access to evidence-based prevention programs and services throughout Texas.
n CPRIT accepts applications and awards grants for a wide variety of cancer-related research and for the delivery of cancer prevention programs and services by public and private entities located in Texas.
n CPRIT collaborates with a variety of entities, including public and private institutions of higher education, academic health institutions, universities, governmental organizations, nongovernmental organizations, and public and private companies.
BioNTX is the bioscience and healthcare innovation trade organization in North Texas, and an affiliate of the Biotechnology Innovation Organization in Washington, D.C. They are the bridge between businesses and job opportunities, providing direct cost savings services, networking events, and educational programming to the bioscience and healthcare innovation community in North Texas. www.biontx.org
Dallas-Fort Worth is a magnet for major companies and talent. The convergence of life science and tech is happening now in DFW, making us a hub for research and progress and a destination for companies looking to launch, grow, or reposition their life science business .
The DFW LIFE SCIENCE Economic Development Guide is an essential tool for understanding the Dallas-Fort Worth biotech and life science community. This data-driven resource can be used by companies making relocation or expansion decisions. Includes
WWW.LIFESCIENCEDFW.COM
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 111 INDUSTRY | LIFE SCIENCE Environmental Scientists and Specialists, Including Health 960 | $37.54 Pharmacists 6,994 | $64.69 Diagnostic Medical Sonographers 2,084 | $40.73 Pharmacy Technicians 11,286 | $18.85 Ophthalmic Laboratory Technicians 492 | $13.92
key information on: ACCESS TALENT ECOSYSTEM REAL ESTATE COSTS & INCENTIVES LIVING EXPAND TO THE DALLAS REGION
Aviation and Aerospace
Dallas-Fort Worth is among the nation’s top regions for aviation and aerospace activity. The region is home to the headquarters of two major airlines: American Airlines (Fort Worth) and Southwest Airlines (Dallas). Southwest operates a major maintenance base at Dallas Love Field, creating a strong foundation for aviation employment. Envoy Air, a regional jet operator and American Airlines partner, is headquartered in Irving, as well.
The regional aerospace industry comprises more than 675 companies, accounting for more than 95,000 jobs in North Texas.
Industry leaders Lockheed Martin and Bell Helicopter are among the largest employers in the region. Combined they employ more than 15,000 workers. And the North American headquarters of Airbus Helicopters is in Grand Prairie.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 112 INDUSTRY | AVIATION AND AEROSPACE
Aerospace Engineers 2,810 | $55.56 Electrical Engineers 5,216 | $47.27 Electronics Engineers, Except Computer 4,567 | $60.90 Mechanical Engineers 5,060 | $47.77 Source: Lightcast, Bureau of Labor Statistics Occu pation Jobs | Median hourly earnings
Worth
No. 1 in Aerospace in
—Conway, World’s Most Competitive Cities Aviation-Aerospace Employment Clusters Number of AviationAerospace Employees 1 4,156 Number of Advanced Services Businesses 1 60 760 Number of Aviation-Aerospace Businesses 1 3 11 Number of Advanced Services Businesses 1 60 760 DALLAS DALLAS FORT WORTH FORT WORTH McKINNEY DENTON DENTON
Dallas-Fort
Is
the U.S.
Major Aerospace Companies
Company
A.E. Petsche Company
Type of Business
Electronic parts and equipment
Advanced Integration Technology.................. Aircraft parts and equipment, nec
Airbase Services, Inc.
Airbus Helicopters, Inc
American Airlines Inc
Ameriflight
DALLAS
Aircraft flight instrument repair
Helicopter parts
Air passenger carrier, scheduled
Air transportation, nonscheduled
AMR Eagle / Envoy Air............................. Air passenger carrier, scheduled
Atlantic Aviation Corporation
Aviall Inc
BAE Systems Inc
Aircraft maintenance and repair services
Aircraft engines and engine parts
Aircraft/aerospace flight instruments and guidance
Bell Helicopter Aircraft parts and equipment, nec
Bell Textron Aircraft
Boeing Global Services Aircraft servicing and repairing
Bombardier Aerospace Corp ...................... Aircraft servicing and repairing
CAE USA
CHC Helicopters
Collins Aerospace
Aviation school
Helicopter carriers, nonscheduled
Search and navigation equipment
Co-Operative Industries Aerospace & Defense Harness assemblies, for electronic use: wire or cable
Dallas Airmotive .................................. Aircraft and heavy equipment repair services
EFW Inc
Search and navigation equipment
FAA - Southwest Region Air traffic control operations, government
FedEx Corp Air cargo carrier, scheduled
GDC Technics
Aircraft parts and equipment, nec
General Dynamics Ordnance and Tactical Systems. . . Guided missile and space vehicle parts & equip. R&D
Gulfstream Aerospace Corporation Aircraft
Honeywell International, Inc
Huntleigh USA
L3Harris Technologies
Aircraft engines and engine parts
Airport terminal services
Aircraft control systems, electronic
Lockheed Martin Missiles & Fire Control............. Search and navigation equipment
Mayday Manufacturing Co
Aircraft parts and equipment, nec
Menzies Aviation ................................. Airports, flying fields, and services
Northrop Grumman Innovation Systems
Pratt & Whitney
Qarbon Aerospace
Raytheon, an RTX company
Aircraft parts and equipment, nec
Aviation propeller and blade repair
Aircraft manufacturing
Defense systems and equipment
Recaro Aircraft Seating Americas .................. Aircraft parts and equipment, nec
Safran Helicopter Engines USA
Sikorsky Aircraft Corporation
Southwest Airlines
Superior Air Charter
Engine repair and replacement, non-automotive
Aircraft
Air passenger carrier, scheduled
Transportation and public utilities
Texas Air Composites, Inc ......................... Maintenance & repair services
Triumph Aerostructures, LLC
Aircraft
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 113 INDUSTRY | AVIATION AND AEROSPACE Aerospace Engineering and Operations Technologists and Technicians 334 | $24.27 Aircraft Mechanics and Service Technicians 7,703 | $37.36 Aircraft Structure, Surfaces, Rigging, and Systems Assemblers 2,053 | $34.67 Miscellaneous Assemblers and Fabricators 37,046 | $17.17 Machinists 4,803 | $24.05 Industry Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing 27 4,744 Aerospace Product and Parts Manufacturing 124 31,559 Air Transportation 157 44,179 Support Activities for Air Transportation 286 12,039 Satellite Telecommunications 16 132 Flight Training 67 2,355 Total 677 95,008 Avg. Employment Establishments
McKINNEY
Hospitality
The Dallas-Fort Worth region has a robust hospitality industry presence that can handle meeting and convention events of all sizes and types, whether an annual meeting for a major national association or a short-lead executive board meeting requiring the utmost security and service.
The market includes a large base of hotel facilities, ranging from budget to luxury within 15 minutes of Dallas Fort Worth International Airport. This helps make the region a convenient destination for meetings that require travel from points throughout the United States.
Central business districts in Dallas and Fort Worth are half an hour from Dallas Fort Worth International Airport, while downtown Dallas is just 10 minutes away from Love Field. Both Dallas and Fort Worth—as well as the surrounding suburbs—offer major convention facilities with flexible space, along with robust entertainment and lodging amenities at a wide range of price points.
Top-Ranked Hotels and Resorts
Dallas Marriott
Downtown
Dallas/Plano
Marriott at Legacy
Town Center
Fairmont Dallas
Gaylord Texan
Resort & Convention Center
Grand Hyatt DFW
Great Wolf Lodge
HALL Arts Hotel
Dallas, Curio
Collection by Hilton
Hilton Anatole
Hilton Arlington
Hilton Dallas Rockwall Lakefront
Hilton Dallas
Southlake Town
Square
Hilton Dallas/Plano
Granite Park
Hilton DFW
Lakes Executive Conference Center
Hilton Richardson
Dallas
Hotel Crescent
Court
Hotel Drover, Autograph Collection Hotel Vin, Autograph Collection
Hotel ZaZa Dallas Uptown
Hyatt Regency Dallas
Hyatt Regency DFW
Hyatt Regency Frisco
Live! by Loews
Magnolia Hotel
Dallas Downtown
Marriott Dallas Uptown
Omni Dallas Hotel
Omni Fort Worth Hotel
Omni Frisco Hotel
Omni Mandalay Hotel
Renaissance Dallas Addison
Renaissance Dallas at Plano Legacy West
Renaissance Dallas North
Renaissance Dallas Richardson
Rosewood Mansion on Turtle Creek
Sheraton Dallas
Sheraton Arlington
The Adolphus, Autograph Collection
The Ashton
The Joule
The Ritz-Carlton, Dallas
The Ritz-Carlton Dallas, Las Colinas Resort
The Sinclair, Autograph Collection
The Westin Dallas Downtown
The Westin Galleria Dallas
The Westin Irving Convention Center at Las Colinas
The Worthington Renaissance Fort Worth Hotel
Thompson Dallas Virgin Hotel Dallas W Dallas - Victory
Warwick MelroseDallas
Sample of Major Annual Events by Attendance
$17,376,732
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 114 INDUSTRY | HOSPITALITY
Legend: Occu pation Jobs | Median hourly earnings General and Operations Managers 130,256 | $44.74 Marketing Managers 12,292 | $61.07 Sales Managers 27,197 | $59.02 Food Service Managers 6,180 | $28.41
Event Est/Avg Attendance State Fair of Texas 2,500,000 Fort Worth Stock Show & Rodeo 1,200,000 Addison Kaboom Town 500,000 Toyota Dallas Holiday Parade 450,000 Main Street Fort Worth Arts Festival.............................. 400,000 Taylor Swift: The Eras Tour ...................................... 210,000 AT&T Byron Nelson Championship............................... 200,000 Fort Worth Mayfest ............................................ 200,000 Scarborough Renaissance Festival .............................. 200,000 UIL Football State Championships ................................ 197,000 Earth Day Expo | EarthX 177,000 Martin Luther King, Jr. Day Parade and Festival 150,000 BMW Dallas Marathon 130,000 Dallas Mavericks St. Patrick’s Day Parade & Festival 125,000 Allstate Red River Rivalry 100,000 Dallas Cup International Youth Soccer Tournament 100,000 2023 Soccer Champions Tour 82,026 Concacaf Gold Cup Quarterfinals 80,000 Southwest Classic: Texas A&M vs. Arkansas 80,000 Dr Pepper Big 12 Championship 80,000
Event Direct Spending Natl. Cheerleaders Assn. All-Star National Championship ....... $40,837,618 Dallas Cup ................................................. $40,416,051 Austin Junior Volleyball Assn. Lone Star Classic ................ $40,484,715 2023 Big 12 Conference Football Championship ............... $38,883,902 Cotton Bowl Classic Game (12/29/2023) ...................... $37,448,918 VEX Robotics World Championship $33,725,611 NADA Show/ ATD Show $30,538,696 Red River Rivalry $29,213,990 FAN EXPO Dallas $25,193,906 NCAA Women’s Final Four $25,382,721 ASIS International GSX 2023 $25,311,635 Cotton Bowl Classic Game (1/2/2023) $23,588,950 Mary Kay, Inc. Seminar $21,749,769 CONCACAF 2023 Gold Cup Quarterfinal $21,330,505 MLS NEXT Cup Playoffs & Showcase
Recent Major Events by Economic Impact (2023)
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 115 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Chefs and Head Cooks 5,848 | $22.23 First-Line Supervisors of Food Preparation and Serving Workers 29,954 | $16.57 Customer Service Representatives 107,625 | $18.38 Hotel, Motel, and Resort Desk Clerks 5,602 | $13.41 Source: Lightcast, Bureau of Labor Statistics Meeting and Exhibition Facilities 1 The Kay Bailey Hutchison Convention Center 2 Hilton Anatole Hotel 3 Music Hall at Fair Park 4 Gaylord Texan Resort and Convention Center 5 Fort Worth Convention Center 6 Sheraton Dallas Hotel 7 Dallas Market Hall 8 Hyatt Regency Dallas at Reunion 9 Will Rogers Memorial Center 10 InterContinental Dallas 11 Omni Dallas Hotel Other Civic and Convention Sites 12 Addison Conference Centre 13 Credit Union of Texas Event Center 14 Arlington Convention Center 15 Denton Civic Center 16 Frisco Convention Center 17 Hurst Conference Center 18 Irving Convention Center at Las Colinas 19 Plano Convention Center 20 Richardson Civic Center Dallas and Fort Worth are Top 5 Texas Visitor Destinations Industry Accommodation and Food Services 16,673 367,131 Avg. Employment Establishments Nearly 370,000 people are employed in the hospitality industry in the DFW area, among thousands of employers. Number of Hospitality Businesses 1 27 145 Number of Advanced Services Businesses 1 60 760 DALLAS FORT WORTH McKINNEY DENTON
Logistics
Dallas-Fort Worth’s central U.S. location provides an advantageous distribution hub with quick access to rail, air, and short- and long-haul truck transportation. The entire region functions as a global inland port, with Dallas Fort Worth International Airport and Fort Worth Alliance Airport capable of large-scale cargo operations.
The region also offers phenomenal rail transportation. Fort Worth-headquartered BNSF Railway has an extensive hub system throughout North Texas. Union Pacific operates the Dallas Intermodal Terminal in southern Dallas County, moving goods and services throughout North Texas and beyond.
The confluence of three major interstates (30, 35, and 45), as well as I-20 and many state highways, offers distributors efficient routing options for moving products throughout the central part of the U.S. by truck. Carriers can reach up to 93 percent of the U.S. population within 48 hours, while I-35—the USMCA Corridor—provides a direct connection to Canada and Mexico.
Incentives
n Foreign-Trade Zones (FTZs) provide duty-free or deferred payment for goods processed at plants engaged in international trade. The DFW area currently has five FTZs, including No. 39 granted to DFW Airport which spans a seven-county area. With the agreement of local officials, pre-approval has been secured from the federal government to provide any eligible business with an FTZ designation on an expedited and simplified basis. On-airport and company-specific FTZs sponsored by DFW Airport include: Airbus Helicopters, BMW, Mouser Electronics, Dallas Cowboys Merchandising, Samsung, Sanden, Fossil Partners, Safran, Dal-Tile, FedEx, DHL, UPS, The Apparel Group, Brighton Best International, Lasko, and Allied Electronics.
n Freeport Tax Exemptions allow local governing bodies the option to exempt personal property consisting of goods, wares, merchandise, or ores other than oil, natural gas, and petroleum. Eligible property must be transported out of the state within 175 days of acquisition but may be assembled, stored, manufactured, processed, or fabricated locally. Triple Freeport zones are exempt from city, county, and school district property taxes on inventory.
Dallas-Fort Worth: A Global Inland Port
AllianceTexas Global Logistics Hub
The 9,600-acre Alliance Global Logistics Hub is the nation’s premier inland port, offering multimodal transportation options, economic advantages, and supply chain services.
n Perot Field Fort Worth Alliance Airport (AFW)—A 100% industrial and corporate airport
n BNSF Alliance Intermodal Hub; Amazon Regional Air Hub; FedEx Southwest Regional Sort Hub; and UPS Ground Hub
n Two Class I rail lines (BNSF and Union Pacific)
n Interstate Highway 35W connects from Mexico to Canada
n Foreign-Trade Zone No. 196 consistently ranks as one of the top General Purpose FTZs in the United States in terms of the value of foreign goods admitted
n U.S. Customs and Border Protection
n Transload facilities immediately adjacent to intermodal yard planned
n Located within the 27,000-acre AllianceTexas development that includes office, retail, and residential development. Legend
Predesignated Foreign Trade Zone “Magnet Sites”
Any company may locate on this land and simply activate with Customs.
Company/Site-Specific Foreign Trade Zones
For companies wanting FTZ status but which cannot locate in an existing magnet site.
Railyard / Intermodal Facility
Distribution Centers
Custom Port of Entry
Rail Line FORT WORTH
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 116 Fort Worth Alliance Fort Worth Meacham International
Intermodal Yard Centennial Yard INDUSTRY | LOGISTICS
BNSF
Legend: Occu pation Jobs | Median hourly earnings Transportation, Storage, and Distribution Managers 7,512 | $47.96 Shipping, Receiving, and Inventory Clerks 29,074 | $17.92 Miscellaneous Assemblers and Fabricators 37,046 | $17.17 Inspectors, Testers, Sorters, Samplers, and Weighers 16,485 | $19.13
McKINNEY
Southern Dallas County Inland Port DALLAS
The southern Dallas County inland port encompasses 7,500 acres and five cities. The inland port is located at the hub of the nation’s best logistics and transportation infrastructure.
n Direct access to Interstate Highways 20, 35E, and 45
n Large acreage sites for manufacturing and distribution
n Heavy redundant electricity
n Lancaster Airport (306 acres, general aviation)
n 360-acre Union Pacific Dallas Intermodal Terminal providing access to the ports of Los Angeles and Long Beach
n BNSF Intermodal facility
n Foreign Trade Zone (No. 39) and Triple Freeport availability
n More than 25M sq. ft. of occupied or build-to-suit warehouse, industrial, distribution, and manufacturing space; announced or built space totals 36M sq. ft. and over 8,000 acres
Source: Lightcast, Bureau of Labor Statistics
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 117 Dallas Fort Worth International Airport Dallas Love Field Addison Airport McKinney National Airport Lancaster Regional Airport Union Pacific Dallas Intermodal Terminal Railport Kansas City Southern Wylie Rail Yard Kansas City Southern Garland Rail Yard Union Pacific Miller Intermodal Facility Union Pacific Rail Yard Union Pacific Rail Yard Union Pacific Rail Yard -GM INDUSTRY | LOGISTICS Heavy and TractorTrailer Truck Drivers 72,994 | $23.19 Light Truck Drivers 28,454 | $20.19 Industrial Truck and Tractor Operators 38,625 | $19.22 Laborers and Freight, Stock, and Material Movers, Hand 84,635 | $17.00 Packers and Packagers, Hand 20,021 | $14.43 Stockers and Order Fillers 93,067 | $16.83
DENTON
Major Companies and Headquarters
Top Employers
Fortune 1000
Major Headquarters Relocations
Recent Expansions and Relocations
Small Business
International Companies
Global Trade
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 119 Photo courtesy LG LG Electronics EV charging station factory in Fort Worth
Business & Economy
Major Companies and Headquarters
The Dallas-Fort Worth region is a magnet for corporate headquarters and major company operations, attracting 24 Fortune 500 company headquarters as of 2023 and 49 headquarters among the Fortune 1000.
A diverse group of household names such as Texas Instruments, AT&T, American Airlines, Kimberly-Clark, Toyota, and McKesson call the region home, reflecting the area’s strong fundamentals when it comes to workforce, access, and cost of doing business.
The region’s corporate powerhouse companies are distributed throughout Dallas-Fort Worth, an indication of the strength, depth, and breadth of the workforce. Widely distributed companies also hint at the ease of navigation between cities and corporate centers.
Scanning the roster of major employers located in DFW, it’s easy to see the diversity of the business community, from hightech, telecommunications, logistics, and finance industry leaders to consumer brands that impact the daily lives of households across the globe.
Dallas-Fort Worth’s diverse base of employers drives the region’s economic strength, so that growth is possible even during downturns in the business cycle or other economic disruptions.
A Critical Mass of Headquarters and Significant Operations
Construction
AECOM
American Legend Homes
Austin Industries
Balfour Beatty
Beck Group
Builders Firstsource
Centex Corporation
Clune Construction
D.R. Horton
First Texas Homes
Fluor Corporation
Green Brick Partners Inc
Highland Homes
Hill & Wilkinson
Invitation Homes
Landsea Homes
Lennar
McCarthy Building
Companies
MEDCO Construction
Pogue Construction
Primoris Services
Rogers-O’Brien
Construction
SRS Distribution
TDIndustries
Turner Construction
U.S. Concrete
Energy
Atmos Energy
Bass Enterprises
Comstock Resources Inc
Delek US Holdings
Denbury Resources
Energy Transfer
EnLink Midstream
Halliburton
HF Sinclair
Hunt Consolidated/ Hunt Oil
J-W Power Company
Kosmos Energy Ltd
Luminant
Matador Resources Co
Murex Ltd.
Oncor Electric Delivery
Petro-Hunt
Pioneer Natural Resources
ProFrac Holdings
Range Resources
Reliant, an NRG Company
Sunoco
TXU
Vistra Energy
Education & Health Care
Abbott Laboratories
Addus HomeCare Corp.
American Heart Association
AMN Healthcare
ARPA-H Customer
Experience Hub
Baylor Scott & White Health
BioLabs Pegasus Park
Blue Cross Blue Shield of Texas
Cencora
Children’s Health
CHRISTUS Health
Collin College
Cook Children’s Health
Care System
Dallas College
Galderma
JPS Health Network
McKesson
Medical City Healthcare
Methodist Health System
Sendera RX
Tarrant County College
Tenet Healthcare
Texas Health Resources
University of North Texas System
University of Texas at Arlington
University of Texas at Dallas
UT Southwestern Medical Center
Leisure & Hospitality
American Airlines Center
Arcis Golf
Arlington Sportservice
AT&T Stadium
Brinker International
CEC Entertainment
Cinemark Holdings
Dave & Buster’s
Del Frisco’s Restaurant Group Inc
Fiesta Restaurant Group
Hilton
Hotels.com
Invited
La Madeleine
Live Nation
Lone Star Park
LSG Sky Chefs USA
Omni Hotels
PGA of America
Pizza Hut
Six Flags Entertainment Park
Smoothie King
Texas Motor Speedway
Topgolf Entertainment Group
VisitDallas
Yum China Holdings
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 120 BUSINESS & ECONOMY | MAJOR COMPANIES AND HEADQUARTERS
Manufacturing
Airbus Helicopters
Alcon Laboratories
American Leather
Arcosa
ATI
AZZ
Bell Helicopter
Bombardier Aviation
Caterpillar
Celanese Corporation
Cisco Systems
Coca-Cola Southwest Beverages
Commercial Metals (CMC)
Dal-Tile Corporation
Darling Ingredients
Diodes
Elbit Systems
Encore Wire Corp
Ericsson
EssilorLuxottica
Flowserve
Fossil Group
Frito-Lay North America
Fujitsu Network
Communications
General Motors
Gulfstream Aerospace
Integer Holdings Corp
Interceramic
Interstate Battery
Keurig Dr Pepper
Kimberly-Clark
Kubota
L-3 Technologies
Lennox International
Lockheed Martin
Louis Vuitton
Mary Kay
NCH Corporation
NEC Corporation of America
Nokia North America
PepsiCo
Peterbilt Motors
Poly-America
Qorvo
Raytheon, an RTX Business
Sally Beauty Holdings
Samsung Electronics America
Smith & Nephew
Solar Turbines
STMicroelectronics
Tetra Pak U.S.
Texas Instruments
Toyota Motor North America
Trinity Industries
Triumph Aerostructures
Valhi
Williamson-Dickie
Financial Activities
AAA Texas
Alkami Technology
Allstate
Amegy Bank
Ashford Hospitality Trust
Associa
Avantax
Bank of America
Bank of Texas
Billingsley Company
Briggs Freeman
Sotheby’s
Capital One Bank
CBRE Group
Century 21 Judge Fite
Charles Schwab
Citi
Comerica Bank
CyrusOne
Digital Realty
Ebby Halliday
Federal Reserve Bank of Dallas
Fidelity Investments
FirstCash Holdings
Frost Bank
Globe Life
Goldman Sachs & Co.
Hilltop Holdings
Hillwood, a Perot Company
HUB International
JLL
JPMorgan Chase
Mr. Cooper
Options Clearing Corporation
Pegasus Bank
PlainsCapital Bank
PNC
Regions Bank
Santander Consumer
USA
State Farm Insurance
TD Ameritrade
Texas Capital Bank
TIAA
Toyota Financial Services
TPG
Truist Bank
Veritex Holdings Inc
Wells Fargo
Professional & Business Services
Accenture
Allied Universal
AT&T
Atos
Boston Consulting Group
Conifer Health Solutions
CoreLogic
Corgan
Deloitte
DXC Technology
Ernst & Young
FedEx Office
Freeman Company
Google
HKS
IBM Corporation
Intuit
Jacobs Solutions
KPMG
McAfee
Microsoft
NTT Data
PwC
RealPage
Ryan
Salesforce
Sammons Enterprises
TATA Consultancy Services
Thomson Reuters
Thryv
T-Mobile
Tyler Technologies
Verizon
Weaver Trade & Transportation
7-Eleven
Amazon
American Airlines Group
Andrews Distributing Company
At Home Group Inc
Aurora Innovation
Ben E Keith Company
BNSF Railway
Boeing Distribution
Consolidated Electrical Distributors
Container Store Group
Copart
Dallas Love Field
Daseke
DFW International Airport
Gamestop
Hilti North America
HOLT CAT
J.C. Penney
Match Group
Michaels Companies
Mode Global
Mouser Electronics Inc
MV Transportation
Neiman Marcus Group
Republic National Distributing Company
Sabre
Sewell Automotive Companies
Southern Glazer’s Wine & Spirits
Southwest Airlines
Stevens Transport
Target
Tom Thumb - Albertson’s Union Pacific
Upbound Group
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 121 BUSINESS & ECONOMY | MAJOR COMPANIES AND HEADQUARTERS
Top Employers
Major employers are influential over the health and vitality of the local economy. They make up disproportionately large contributions in terms of both employment and production, and they often bring national and international ties to the community.
10,000+ Employees
Amazon Trade & Transportation amazon.com
American Airlines Group Trade & Transportation aa.com
AT&T Prof & Business Services att.com
Bank of America Financial Activities bankofamerica.com
Baylor Scott & White Health Education & Healthcare bswhealth.com
DFW International Airport Trade & Transportation dfwairport.com
General Motors Manufacturing gm.com
JPMorgan Chase Financial Activities chase.com
Kroger Trade & Transportation kroger.com
Lockheed Martin Manufacturing lockheedmartin.com
Medical City Healthcare Education & Healthcare medicalcityhealthcare.com
Naval Air Station Government cnic.navy.mil
Parkland Hospital Education & Healthcare parklandhospital.com
Raytheon, an RTX Business Manufacturing rtx.com
Texas Health Resources Education & Healthcare texashealth.org
Texas Instruments Manufacturing ti.com
University of North Texas System Education & Healthcare untsystem.edu
UPS Trade & Transportation ups.com
US Postal Service Prof & Business Services usps.com
UT Southwestern Medical Center Education & Healthcare utsouthwestern.edu
Walmart Stores Trade & Transportation walmartstores.com
5,000-9,999 Employees
Allied Universal Prof & Business Services aus.com
Army & Air Force Exchange Service Government aafes.com
Charles Schwab Financial Activities schwab.com
Children's Health Education & Healthcare childrens.com
Citi Financial Activities citigroup.com
Cook Children's Health Care System Education & Healthcare cookchildrens.org
Copart Trade & Transportation copart.com
Dallas College Education & Healthcare dcccd.edu
FedEx Trade & Transportation fedex.com
Fidelity Investments Financial Activities fidelity.com
Home Depot Trade & Transportation homedepot.com
J.C. Penney Trade & Transportation jcpenney.com
JPS Health Network Education & Healthcare jpshealthnet.org
L-3 Technologies Manufacturing l3t.com
Lowe's Companies Trade & Transportation lowes.com
Methodist Health System Education & Healthcare methodisthealthsystem.org
PepsiCo Manufacturing pepsico.com
Southwest Airlines Trade & Transportation southwest.com
State Farm Insurance Financial Activities statefarm.com
Target Trade & Transportation target.com
TATA Consultancy Services Prof & Business Services tcs.com
Tom Thumb - Albertson's Trade & Transportation tomthumb.com
University of Texas at Arlington Education & Healthcare uta.edu
Wells Fargo Financial Activities wellsfargo.com
2,500-4,999
Ben
Deloitte
Dillard's
Ericsson Manufacturing ericsson.com/us
Ernst & Young Prof & Business Services ey.com
Fannie Mae Financial Activities fanniemae.com
Fluor Corporation Construction fluor.com
Frito-Lay North America Manufacturing fritolay.com
Gamestop Trade & Transportation gamestop.com
Goldman Sachs & Co. Financial Activities goldmansachs.com
Hilton Leisure & Hospitality hilton.com
Keller Williams Realty Financial Activities kw.com
Kohl's Trade & Transportation kohls.com
Macy's Trade & Transportation macys.com
Marriott Hotels, Resorts & Suites Leisure & Hospitality marriott.com
Michaels Companies Trade & Transportation michaels.com
Microsoft Prof & Business Services microsoft.com
Peterbilt Motors Manufacturing peterbilt.com
Pizza Hut Leisure & Hospitality pizzahut.com
Poly-America Manufacturing poly-america.com
PwC Prof & Business Services pwc.com
Sabre Trade & Transportation sabre.com
Sally Beauty Holdings Manufacturing sallybeautyholdings.com
Tarrant County College Education & Healthcare tccd.edu
Toyota Motor North America Manufacturing toyota.com/usa
University of Texas at Dallas Education & Healthcare utdallas.edu
VA North Texas Health Care System Education & Healthcare northtexas.va.gov
Verizon Prof & Business Services verizon.com
Walgreens Trade & Transportation walgreens.com
University of Texas at Dallas Education & Health Care utdallas.edu
VA North Texas
Health Care System Education & Health Care northtexas.va.gov
Walgreens Trade & Transportation walgreens.com
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 122 BUSINESS & ECONOMY | TOP EMPLOYERS
Alcon Laboratories Manufacturing alcon.com Allstate Financial Activities allstate.com
Helicopter Manufacturing bellflight.com
Employees Accenture Prof & Business Services accenture.com
Bell
E Keith Company Trade & Transportation benekeith.com Blue Cross Blue Shield of Texas Education & Healthcare bcbstx.com BNSF Railway Trade & Transportation bnsf.com Capital One Bank Financial Activities capitaloneauto.com
Corporation Construction centex.com CVS Trade & Transportation
Centex
cvs.com
Prof & Business Services
deloitte.com
Trade & Transportation dillards.com
1,000-2,499 Employees
7-Eleven Trade & Transportation 7-eleven.com
AAA Texas Financial Activities texas.aaa.com
Abbott Laboratories Education & Healthcare abbott.com
American Airlines Center Leisure & Hospitality americanairlinescenter.com
American Heart Association Education & Healthcare heart.org
Andrews Distributing Company Trade & Transportation andrewsdistributing.com
Arlington Sportservice Leisure & Hospitality delawarenorth.com
Austin Industries Construction austin-ind.com
Avantax Financial Activities blucora.com
Balfour Beatty Construction balfourbeattyus.com
Brinks Home Security Prof & Business Services brinkshome.com
CAE Defense & Security Prof & Business Services cae.com
Caterpillar Manufacturing caterpillar.com
Cencora Education & Healthcare cencora.com
Century 21 Judge Fite Financial Activities century21judgefite.com
CHRISTUS Health Education & Healthcare christushealth.org
Cisco Systems Manufacturing cisco.com
Coca-Cola Southwest Beverages Manufacturing cocacolaswb.com
Collin College Education & Healthcare collin.edu
Conifer Health Solutions Prof & Business Services coniferhealth.com
CoreLogic Prof & Business Services corelogic.com
D.R. Horton Construction drhorton.com
Dallas Morning News Information dallasnews.com
Dal-Tile Corporation Manufacturing daltile.com
Dialog Direct Prof & Business Services dialog-direct.com
Don Miguel Mexican Foods Manufacturing donmiguel.com
DXC Technology Prof & Business Services dxc.technology
Ebby Halliday Financial Activities ebby.com
Encore Wire Corp Manufacturing encorewire.com
EssilorLuxottica Manufacturing essilorusa.com
FDIC Financial Activities fdic.gov
Federal Reserve Bank of Dallas Financial Activities dallasfed.org
FedEx Office Prof & Business Services office.fedex.com
Fossil Group Manufacturing fossilgroup.com
Freeman Company Prof & Business Services freeman.com
Fujitsu Network Communications Manufacturing fujitsu.com.us
Gaylord Texan Leisure & Hospitality gaylordtexan.com
GEICO Financial Activities geico.com
Gerdau Manufacturing gerdau.com
Globe Life Financial Activities globelifeinsurance.com
GM Financial Financial Activities gmfinancial.com
Great Wolf Resort Leisure & Hospitality greatwolf.com
Halliburton Energy halliburton.com
Hunt Regional Medical Center Education & Healthcare huntregional.org
IBM Corporation Prof & Business Services ibm.com
Inmar Intelligence Trade & Transportation inmar.com
Keurig Dr Pepper Manufacturing keurigdrpepper.com
Kindred Healthcare Education & Healthcare kindredhealthcare.com
KPMG Prof & Business Services kpmg.com/us
Kraft Heinz Company Manufacturing kraftheinzcompany.com
Lennox International Manufacturing lennoxinternational.com
Liberty Mutual Financial Activities libertymutual.com
Mary Kay Manufacturing marykay.com
McAfee Prof & Business Services mcafee.com
McKesson Education & Healthcare mckesson.com
Mouser Electronics Inc Trade & Transportation mouser.com
Mr. Cooper Financial Activities mrcoopergroup.com
Nebraska Furniture Mart of Texas Trade & Transportation nfm.com
Neiman Marcus Group Trade & Transportation neimanmarcus.com
NFI Industries Trade & Transportation nfiindustries.com
Nokia North America Manufacturing nokia.com
Nordstrom Trade & Transportation nordstrom.com
Omni Hotels Leisure & Hospitality omnihotels.com
Pioneer Natural Resources Energy pxd.com
Qorvo Manufacturing qorvo.com
RealPage Prof & Business Services realpage.com
Reddy Ice Manufacturing reddyice.com
Republic National Distributing Company Trade & Transportation rndc-usa.com
Safeco Financial Activities safeco.com
Samsung Electronics America Manufacturing samsung.com/us
Santander Consumer USA Financial Activities santanderconsumerusa. com
Siemens Prof & Business Services sw.siemens.com
Southern Methodist University Education & Healthcare smu.edu
Staff Force Personnel Services Prof & Business Services staff-force.com
Stevens Transport Trade & Transportation stevenstransport.com
Supreme Lending Financial Activities supremelending.com
TD Ameritrade Financial Activities tdameritrade.com
TDIndustries Construction tdindustries.com
Tenet Healthcare Education & Healthcare tenethealth.com
Texas Christian University Education & Healthcare tcu.edu
Texas Scottish Rite Hospital Education & Healthcare scottishritehospital.com
Texas Woman's University Education & Healthcare twu.edu
Thomson Reuters Prof & Business Services thomsonreuters.com
Travelers Financial Activities travelers.com
TTI Trade & Transportation tti.com
Tuesday Morning Trade & Transportation tuesdaymorning.com
Vizient Inc Prof & Business Services vizientinc.com
Wabtec Manufacturing wabtec.com
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 123 BUSINESS & ECONOMY | TOP EMPLOYERS
Fortune 1000
Dallas-Fort Worth continues to draw Fortune 1000 and Global 500 headquarters through growth and expansion of local companies and by attracting relocations. DFW is one of two regions in the U.S. to host two Fortune 10 companies, and only Beijing and Seattle are home to more. Revenues earned by Fortune 500 companies located in DFW total $1.4 trillion, second only to the New York metro area.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 124 BUSINESS & ECONOMY | FORTUNE 1000 820 35W 35W 20 360
Cities
the Most Global 500 HQs (2023) Metropolitan Area Companies Beijing, China 53 Tokyo, Japan 29 Paris, France 23 New York, NY 22 London, Britain 13 Seoul, South Korea 13 Shanghai, China 12 Shenzhen, China 10 Washington, D.C. 10 Chicago, IL 8 Dallas-Fort Worth, TX 8 Houston, TX 8 San Jose, CA 8 Hangzhou, China 7 Toronto, Canada 7 Guangzhou, China 6 Hong Kong, China 6 Amsterdam, Netherlands 5 Madrid, Spain 5 Minneapolis, MN 5 Mumbai, India 5 Munich, Germany 5 Osaka, Japan 5 San Francisco, CA 5 Zurich, Switzerland 5 Atlanta, GA 4 Boston, MA 4 Calgary, Canada 4 Charlotte, NC 4 Chengdu, China 4 Cologne/Bonn, Germany 4 São Paulo, Brazil 4 Seattle, WA 4 Taipei, Taiwan 4 Forbes Top Private Companies (2023) Rank Company City 34 Republic National Distributing Company Grand Prairie 57 SRS Distribution McKinney 77 Sammons Enterprises Dallas 107 Consolidated Electric Distributors Irving 119 Ben E Keith Fort Worth 123 Michaels Companies Irving 146 Neiman Marcus Group Dallas 158 Hunt Consolidated/Hunt Oil Dallas 180 Mode Global Dallas 185 Austin Industries Dallas 233 Mary Kay Addison * Fortune Global 500 Companies + Changed name from Rent-A-Center to Upbound Group in ^ Relocated to Dallas in 2022 and changed name from Allegheny Irving Exxon Mobil* #3 McKesson* #9 Caterpillar* #68 Pioneer Natural Resources #164 Kimberly-Clark #199 Fluor #303 Vistra #304 Celanese #396 Commercial Metals #428 Darling Ingredients #535 Nexstar Media Group #633 Flowserve #800 49 Fortune 1000 Headquarters in Dallas-Fort Worth (2023) Source: DRC Research; Fortune Magazine; Forbes Magazine. Fort Worth American Airlines Group* #89 CBD Range Resources #726 FirstCash Holdings #938 Dallas-Cypress AMN Healthcare Brinker International Coppell Mr. Cooper Grapevine GameStop #577 Southlake Sabre #979 Arlington D.R. Horton* Willow Park ProFrac Holding #997 Westlake Charles Schwab #175 Denton Sally
World
With
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 125 BUSINESS & ECONOMY | FORTUNE 1000 635 35E 35E 75 67 175 45 30 20 121 190 183 12 30 Plano Yum China Holdings #405 Upbound Group+ #719 Cinemark Holdings #993 Dallas-Love Field Southwest Airlines #165 in 2022 Allegheny Technolgies to ATI ChicagoNapervilleElgin, IL-IN-WI 31 (-4) San FranciscoOaklandBerkeley, CA 18 (—) San JoseSunnyvaleSanta Clara, CA 20(+3) Los AngelesLong BeachAnaheim, CA 11 (—) MinneapolisSt. PaulBloomington, MN-WI 14 (-1) Dallas-Fort WorthArlington, TX 24 (+1) HoustonThe WoodlandsSugar Land, TX 25 (+1) Washington-ArlingtonAlexandria, DC-VA-MD-WV 18 (+2) New York-NewarkJersey City, NY-NJ-PA 59 (-3) Philadelphia-CamdenWilmington, PA-NJ-DE-MD 12 (-1) Pittsburgh, PA 10 (+1) Phoenix-MesaChandler, AZ 10 (+2) Atlanta-Sandy SpringsAlpharetta, GA 17(—) Miami-Fort LauderdalePompano Beach, FL 11 (+1) Denver-AuroraLakewood, CO 10 (—) Boston-CambridgeNewton, MA-NH 15 (—) Seattle-TacomaBellevue, WA 12 (+2) U.S. Metropolitan Areas with the Most Fortune 500 Headquarters (2023 and change from 2022) States with the Most Fortune 500 Headquarters (2023) 50 New York 33 Illinois 55 Texas 24 Virginia 53 California 24 Ohio Richardson Lennox International #670 Dallas-North Energy Transfer* #43 Match Group #869 McKinney Globe Life #632 Encore Wire #890 Dallas-Cypress Waters Healthcare #628 International #773 Dallas-LBJ Corridor Texas Instruments #200 Tenet Healthcare #215 AECOM #310 Atmos Energy #722 Copart #820 Matador Resources #882 Frisco Comstock Resources #798 Coppell Cooper Group #992 Downtown Dallas CBD & Uptown AT&T* #30 HF Sinclair* #107 CBRE Group #135 Builders FirstSource #172 Jacobs Solutions #277 EnLink Midstream #406 Primoris Services #701 ATI^ #765 Comerica #785 #120 Denton Sally Beauty Holdings #768
Major Headquarters Relocations
The Dallas-Fort Worth region is regularly identified as one of the nation’s top markets for new and expanded corporate facilities.
Past relocations to the region include headquarters moves for Fortune 500 and Forbes Top Private companies such as AT&T, Comerica, Fluor, and Toyota.
More recent moves include well-known industry leaders like AECOM, ATI, Caterpillar, CBRE, Charles Schwab, Jacobs, and McKesson.
Other major companies have expanded into DFW distribution, logistics, and manufacturing centers, including Amazon, BMW, Galderma, General Dynamics, General Motors, MolsonCoors, and Pratt Industries. Meanwhile, corporations including 7-Eleven, American Airlines, Liberty Mutual, State Farm, FedEx, and JPMorgan Chase have expanded into new corporate office space, soon to be joined by new buildings for Bank of America, Goldman Sachs, and Wells Fargo.
Acacia Research Group
Active Network
AECOM
Ameriflight
Astura Medical
Aviatrix
Boingo Wireless
C & S Propeller
Cacique Foods
CBRE Group
Channell Commercial Corp.
Charles Schwab
Chip 1 Exchange
Cinepolis Luxury Cinemas
Consolidated Electrical Distributors
Copart
Core-Mark International
Daegis
Dealersocket
Sample of Headquarters Relocations to Dallas-Fort Worth
Nevada
Arizona
Oklahoma
California
DJO Global
Farmer Bros. Co.
Gordon Ramsey North America
Inbenta
Incora
Integrated Defense Products
Ironclad Performance Wear
Jacobs Solutions
Jetsuite
Kubota Tractor Corp.
KVP International
Landsea Homes
Loandepot.com
McKesson Corporation
MD7
Old Gringo
Omnitracs
Pacific Union Financial
Panoramic Doors
QuickFee
Raytheon, an RTX Business
Rixi Recovery Service
Ruiz Foods
SignEasy SmartAction
Solera Holdings
SWH Mimi’s Cafe
Tearlab Corporation
Thermomix
Toyota Industries Commercial Finance
Toyota Motor North America
Trend Micro
United Scientific Group
Vendor Resource Management
Vio Security
Wiley X
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 126 BUSINESS & ECONOMY | MAJOR HEADQUARTERS RELOCATIONS
DRC Research
Source:
Antonio CHRISTUS Health Arkansas Golden Houston At Home Group Inx Inc. Magnum Hunter Resources U.S. Concrete
Greenstream Seven Hills Commercial SupportNinja Trax
San
Austin
CoreSpace Lone Wolf Real Estate Technologies
Core Construction
Wei Asian Diner Spirit Realty Capital
Cagney Global Logistics Team ProMark
Distributing Co.
International Speed Commerce
Pei
Colorado
Minnesota Mid-States
MoneyGram
Washington Avantax Fisher Investments Northwest Hardwoods Restaurant Revolution Technologies
Nebraska Heartland Automotive Services
Coury Hospitality Global Power Equipment Group Hilti LinkAmerica StadiumDrop
Illinois
Addus HomeCare
BL Restaurant Operations
Boeing Global Services
Caterpillar
ELM Companies
ExteNet Systems
Neovia Logistics Services
OpTic Gaming
Schumacher Electric Corp
TopGolf USA
Ohio Paycor
Missouri
GKN Aerostructures
Ulrich Medical USA
Louisiana
Republic Finance
Smoothie King Franchises
New York
Alkegen
Macquarie Infrastructure Corporation
McLaren Automotive
oneworld Alliance
Six Flags Entertainment Vehicle Accessories Inc.
Michigan
Warstic Bat Company
Pennsylvania
ATI Lux Ice
Sunoco
Delaware
Waterlogic Americas
Tennessee
Buff City Soap
Dynamic Energy Alliance
Alabama
Zoe’s Kitchen
Other HQ Establishments (International)
Advam Pty Ltd.
BackBox
Baicells Technologies Co.
Basis Technology Corp.
BRP Inc
Clevon
Diab Group
DIRTT Environmental
Solutions
Doosan Robotics Americas
ezyVet
F-Wave Company
GuestLogix
Hisun Motors Corp., U.S.A.
KeepIt
Kidzania USA
KT&G Corporation
Labelcraft Products
LeClanche SA
NGC Renewables
NTT Data
Nutribiotech
Omnilife Origina
Oyo
Three Whiskey
Triathlon Battery Solutions
TXOne Networks
Zinwave Ltd.
Massachusetts
Ribbon Communications
Steward Health Care System
VCE
New Hampshire
Oculus Health
Supporting Corporate Moves
The Dallas Regional Chamber works closely with many companies that decide to locate major corporate facilities here, particularly headquarters. Our team knows how important these decisions are for both companies and their employees.
We help companies understand this region fully—our demographics, labor costs, transportation assets, real estate options, or taxes and incentives that might apply to a project. Often we do it face to face. We visit companies and host executives here, including multi-day visits during which we engage Dallas-Fort Worth area business and civic leaders or subject-matter experts with the candidate company team to achieve the peer-topeer conversations that are so meaningful in selling DFW.
Connecticut
Accudyne Industries Frontier Communications
iCall Powersecure
Revere High Yield Fund
New Jersey
Cognizant Technology Solutions
Comparex USA
CVE Technologies Group Digility Inc.
OKI Data Americas
But we’re not just about the cold, hard facts and the sales pitch. We continue to work with companies—and particularly employees —that decide to move here. Corporate moves often impact hundreds, even thousands, of employees and families. Those employees have lots of questions, and each family situation is different. For all major corporate relocations, the DRC offers to meet with employees and families that suddenly have the opportunity to become new Texans.
We have held several “town hall” meetings with company employees around the U.S., sharing information and our experiences of living in the Dallas-Fort Worth area. Our goal is to help employees understand why our region is a great place to live, raise a family, and prosper. Eyes light up when we show pictures of homes with affordable prices, the arts and cultural amenities, our parks and lakes, our foodie places, our outstanding medical care, dog parks, light rail, and bike trails—as well as the many facts and anecdotes that help them realize that DFW is a more robust, culturally and socially diverse place than they might have thought. And those who already know the area well, or might be from here, just get more excited about the move.
Helping employees after a move is announced is a benefit to the company and its employees. It’s fun and meaningful for the DRC’s economic development team and is an important part of the Dallas Regional Chamber’s corporate recruitment platform.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 127 BUSINESS & ECONOMY | MAJOR HEADQUARTERS RELOCATIONS
Arkansas Golden Living
Medical Emerald Transformer European Wax Center
Restaurant Group Firehawk Aerospace Likewize Optym PGA of America Smith & Nephew Trading Group
Florida CCS
Fiesta
United Mobile
Georgia NYLO Hotels
Solutions
Bonchon Drive Shack HMS Holdings Katapult L3Harris Technologies
Sample of Recent Dallas-Fort Worth Expansions and Relocations
1 RingCentral, a CA-based provider of AI-powered global enterprise cloud communications, opened a new 35K-sf office in Addison, adding 125 employees.
2 Inbenta, an international AI firm, is relocating from San Francisco to Allen, leasing a 5,000-sf office space.
3 Craftmasters, a skilled talent education provider, will invest $150M to construct a new HQ, state of the art trade school, and residential community in Burleson, creating 400 jobs.
4 Siemens eMobility selects Carrollton for its second EV charger manufacturing hub, an 80K-sf facility that will bring 100 jobs.
5 The Advanced Research Projects Agency for Health (ARPA-H) selects Dallas' Pegasus Park for its customer experience hub, signficantly raising the region’s life sciences profile.
6 Careismatic Brands, a CA-based medical apparel and footwear firm, is locating a new 1M-sf shipping hub in Southern Dallas.
7 Frontier Communications is relocating its HQ from CT to Dallas, bringing more than 3,000 jobs to a 95K-sf office in Uptown.
8 Landsea Homes will move its HQ from Newport Beach to Dallas' Uptown District, occupying 7,700 sf of office space.
9 Contemporary Glass Tempering, a glass and mirror company in New Braufels, TX, plans to construct an 80K-sf manufacturing facility, bringing 50 jobs to Ferris.
10 Lux Ice, a craft ice startup, has moved its HQ from Philadelphia to Flower Mound, creating 100 new jobs at a 50K-sf facility.
11 DrinkPak, a CA-based beverage firm, will create 1,000 new jobs in Fort Worth with a $452M investment that will expand existing facilities by 2.8M sf.
12 McMaster-Carr, an IL-based e-commerce distribution company, plans a $360M regional HQ in Fort Worth, creating 250 jobs.
13 Siemens, the Germanybased global technology company, will establish a $133M advanced manufacturing facility in Fort Worth, creating 715 jobs.
14 Southwire Co., a GA-based electrical component firm, is locating a 1.2M-sf shipping hub in north Fort Worth, bringing 250 new jobs.
15 McAfee, the CA-based cybersecurity company, is opening a 30K-sf regional HQ at The Star in Frisco, creating up to 100 new jobs.
16 Plug and Play, the startup accelerator from Silicon Valley, is launching a sportstech accelerator program in Frisco focused on human potential and performance.
17 Universal Parks & Resorts, the FL-based theme park operator, plans to build a 97acre, family-focused theme park with rides, shows, and a 300-room hotel in Frisco.
18 Meow Wolf, the Santa Febased interactive arts and entertainment company, has chosen Grapevine as its fourth permanent addition to the Meow Wolf universe and its first in Texas.
19 Acquire BPO, an Australiabased business outsourcing provider, opened a 17K-sf US HQ in Irving, creating 130 new jobs.
20 Cacique Foods, a leading brand in Mexican food products, has relocated the company's corporate HQ from Monrovia, CA, to Irving.
21 Korber, a German supply chain firm, is expanding its US HQ in Irving with a new 75K-sf, $10M warehouse and manufacturing operation, leading to 100 new jobs.
22 Dollar General, the TNbased discount chain, has expanded its global supply chain with a new 1M-sf distribution center in Justin employing 200 people.
23 Kodiak Robotics, the Silicon Valley-based autonomous technology company, has added a new data center in Lancaster, creating 25 new jobs.
24 McAdams Engineering, a NC-based civil engineering firm, will expand its DFW presence with a new 30K-sf office in Lewisville that will allow the firm to double its 65-person staff.
25 Super Studios will break ground on a 72-acre, $70M film studio and mixed-use complex in Mansfield that will bring Hollywood-level production and 2,000 jobs.
2023 Announcements
26 Innovative Life Sciences, a nutraceutical gummy manufacturer, opens its new 70K-sf manufacturing facility and HQ that will generate 70 new jobs in McKinney.
27 Plug and Play, the startup accelerator from Silicon Valley, is launching an enterprise and AI-focused accelarator in McKinney to connect startups with corporations and investors.
28 Canadian Solar, a Toronto-based solar energy equipment company, will bring 1,500 jobs and 750K sf of industrial space to Mesquite with a $250M investment in its first US manufacturing center.
29 Hexagon Purus, a Norwaybased manufacturer of zero-emission mobility technologies, will open a 200K-sf integration facility in Mesquite employing 250 skilled workers.
30 Merlin Entertainments, a UK-based global leader in location-based entertainment, will build and operate a 13-acre Peppa Pig Theme Park in North Richland Hills.
31 Fisher Investments, a leading financial advisory firm managing over $197B in assets, has relocated its HQ from WA to Plano with plans to add jobs to its local workforce of 1,200.
32 Midland Tower Construction, a telecom tower construction and services company, has relocated its HQ from Midland, TX, to Plano, leasing 7,200 sf of office space.
2022 Announcements
33 QuickFee, a financial technology firm providing B2B accounts receivable services, will relocate its NA HQ from Los Angeles to Plano, occupying 101K sf of office space.
34 Westwood Professional Services, a multi-market segment engineering firm, plans to relocate its HQ to Plano from MN, adding to seven offices and hundreds of employees already in the region.
35 Google plans to invest over $600M in a new 285K-sf data center in Red Oak, creating 30 new jobs.
36 Allegro MicroSystems, a NH-based semiconductor company and leader in power and sensing solutions, will open a new R&D center in Richardson’s Innovation Quarter.
37 Flexpipe Systems, a Torontobased civil engineering company, has leased 157K sf of space for a state-ofthe-art composite linepipe manufacturing facility in Rockwall with plans to hire 70 employees.
38 Cart.com, an Austin based e-commerce and logistics company, is locating to a 766K-sf distribution center in Terrell, bringing 150 new jobs.
39 Fanatics, the FL-based sports merchandise seller, is building a 600K-sf distribution center in Waxahachie, bringing 250 jobs.
40 Trina Solar, a Chinese solar energy company, selects Wilmer for a new 1M-sf solar panel manufacturing plant with a $200M investment that will create 1,500 local jobs.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 128 BUSINESS & ECONOMY | RECENT EXPANSIONS AND RELOCATIONS 41 CheckSammy 90 42 Omnilife 100 43 Bowery Farming 100 44 Pratt Industries (U.S.A.), Inc. 150 45 Methodist Health System 220 46 PathGroup 47 GAF Energy 50 48 Goldman Sachs 5,000 49 The Kroger Co 500 50 Aviatrix 250 51 SupportNinja 200 52 Amazon 53 Keepit 25 54 PNC Financial Services Group Inc. 55 QisstPay 70 56 OneWorld Alliance 57 Clevon 58 Rhino Health Inc. 520 59 TIAA 2,000 60 Boingo Wireless, Inc. 250 61 Ruiz Foods 125 62 ZOBELE 150 63 Morgan Steel 110 64 Wells Fargo & Company 4,000
Company Company Company Number of Jobs Created Number of Jobs Created Number of Jobs Created Source: DRC Research
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 Terrell Greenville Navarro Co. Sherman 65 Caterpillar Inc. 66 McKinley Packaging 125 67 B9Creations 25 68 Review Wave 73 69 Gerdau 900 70 Riot Blockchain, Inc. 71 Apollo USA 72 Delta Electronics 73 SK Signet 183 74 Nexperia 20 75 Texas Instruments 488 76 Anything Liquid Manufacturing, Inc. 77 Integrated Defense Products 30 78 GlobiTech 1,500 79 MainFreight USA 80 Deloitte Consulting LLP 81 Nike 600 44 Company Company Number of Jobs Created Number of Jobs Created BUSINESS & ECONOMY | RECENT EXPANSIONS AND RELOCATIONS 129 DALLAS FORT WORTH McKINNEY DENTON
Small Business
According to the Small Business Administration (SBA), businesses with fewer than 500 employees represented roughly 99.7 percent of all employers nationally, created 62 percent of net new private-sector jobs, and accounted for 46 percent of private payroll. In Dallas-Fort Worth, small business is a vital part of our economic success because of its entrepreneurial spirit and drive for innovation.
North Texas
Small Business Development Centers
An SBDC conducts research, counsels, and trains business people in managing, financing, and operating small businesses, providing comprehensive information services and access to experts in a variety of fields. Each SBDC encourages unique local efforts to meet small business needs in its area.
Collin SBDC
Serving: Collin County Area
Hosting Agency: Collin College
Dallas Metropolitan SBDC
Serving: Dallas County Area
Hosting Agency: The Bill Priest Institute of Dallas College
Navarro SBDC
Serving: Ellis, Freestone, Limestone, and Navarro Counties
Hosting Agency: Navarro College
North Central Texas SBDC
Serving: Cooke, Denton, and Montague Counties
Hosting Agency: North Central Texas College
75% of establishments in the DFW Region have fewer than 100 employees.
Tarrant SBDC
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 130 Micro Small Medium Large Forestry, Fishing, Hunting, & Agriculture Support (117) Mining (909) Utilities (267) Construction (13,470) M Manufacturing (5,588) Wholesale Trade (9,307) Retail Trade (21.101) Transportation & Warehousing (5,343) I Information (3,398) Finance & Insurance (12,157) Real Estate, Rental, & Leasing (10,067) Professional, Scientific, & Technical Services (23,807) Management of Companies & Enterprises (1,747) Admin, Support, Waste Mgt, Remediation Services (9,528) Educational Services (2,441) Health Care & Social Assistance (21,339) Arts, Entertainment, & Recreation (2,472) Accommodation & Food Services (16,520) OTHER Other Services (Except Public Administration) (14,659) = Total (174,237) BUSINESS & ECONOMY | SMALL BUSINESS
Paris SBDC Serving: Delta, Hopkins, Hunt, Lamar, and Red River Counties
Agency: Paris Junior College
Hosting
Serving: Tarrant County Hosting Agency: Tarrant County College
Serving: Anderson, Henderson, Kaufman, Rains, and Van Zandt Counties
Trinity
Community College Source:
SBDC Network
Trinity Valley SBDC
Hosting Agency:
Valley
North Texas
Industry (Total Establishments) Fewer than 10 employees 10-99 employees 100-499 employees More than 500 employees 46.1% 36.6% 48.9% Source: US Census Bureau 92.3% 5.1% 0.0% 0.0% 63.6% 19.6% 5.5% 11.3% 35.6% 10.9% 7.5% 74.6% 20.5% 2.6% 2.3% 47.4% 30.4% 7.9% 14.3% 53.5% 19.4% 7.4% 19.8% 47.9% 12.4% 3.0% 57.0% 14.8 % 5.4% 22.8% 37.2% 10.5% 3.3% 44.9% 7.7% 5.9% 41.4% 62.6% 7.6% 6.2% 23.6% 77.3% 12.2% 2.7% 7.8% 7.6% 9.4% 11.6% 71.4% 58.0% 18.6% 4.5% 18.8% 60.6% 25.9% 5.7% 7.9% 58.6% 20.2% 3.7% 17.5% 62.1% 20.4% 4.3% 13.1% 36.2% 31.4% 6.3% 26.0% 72.9% 18.8% 2.9% 5.3% 57.9% 17.3% 4.4% 20.3%
Many industry lists recognize and honor success, innovation, and growth in startups and small businesses. Inc. Magazine’s Inc. 5000 and Deloitte’s North America Technology Fast 500 are two of the best known. Inc. 5000 ranks the nation’s fastest-growing private companies. To qualify, companies must be U.S.based, privately held, and independent and should be able to show three full calendar years of sales. Deloitte ranks the fastest-growing North American companies in the technology, media, telecommunications, life sciences, fintech, and energy tech sectors based on 3-year revenue growth. Fast 500 companies have been in business for at least four years; have operating revenues of at least $50,000 in the first fiscal year of competition; have operating revenues of at least $5 million in the last fiscal year of competition; and own proprietary intellectual property or technology that contributes to operating revenues.
Inc. 500: America’s Fastest-Growing Private Companies
17
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 131 Rank Company Growth Industry City 4 Green Light Distribution 41090% Food & Beverage Coppell 13 Blue Hammer Roofing 19510% Construction Dallas 14 eTrueNorth 19130% Health Services Mansfield 85 Archer Review 5378% Education Dallas 110 Advantis Medical Staffing 4302% Human Resources Dallas 144 Maveneer 3630% Business Products & Services Dallas 145 Ashland Greene 3617% Real Estate Dallas 152 pH 3542% Education Dallas 155 Curis Functional Health 3444% Health Services Dallas 175 TimelyCare 3015% Health Services Fort Worth 185 TAP Innovations 2873% IT Services Irving 239 Ironside Human Resources 2312% Human Resources Dallas 327 VitalTech 1745% Health Services Carrollton 368 evolv Consulting 1572% Business Products & Services Dallas 433 Albers Aerospace 1342% Engineering McKinney 445 The Indoor Golf Shop 1306% Consumer Products Celina 475 Tradebloc 1225% Business Products & Services Dallas Rank Company Growth Industry City 33 Archer Review 5291% Software & services Dallas 47 HighLevel 3362% Software & services Dallas 150 Brainvire Infotech, Inc. 944% Software & services Plano 249 Cariloop 558% Software & services Richardson 298 Aligned Data Centers 449% Communications/networking Plano 310 ACCELQ 428% Software & services Dallas 405 o9 Solutions 304% Software & services Dallas 489 Newline Interactive 238% Hardware & semiconductors Allen 493 DataBank 234% Communications/networking Dallas BUSINESS & ECONOMY | SMALL BUSINESS
companies
Dallas-Fort Worth
total of 188 companies were listed
Technology
9 companies in Dallas-Fort Worth made the list in 2023. 1 7 2 8 3 9 4 10 5 11 12 13 14 15 16 17 6 1 7 8 9 2 4 5 3 6
in
made the Inc. 500 list in 2023, and a
in the Inc. 5000. Deloitte
Fast 500
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1 2 3 4 5 6 7 8 9
Inc.
Deloitte DALLAS FORT WORTH McKINNEY DENTON
Sources:
Magazine,
International Companies
The Dallas-Fort Worth region is home to an impressive group of foreign-based subsidiaries, hosting North American headquarters or major operations. International corporate investment in the region reflects the strength and diversity of the DFW economy and stellar access to U.S. and global markets by ground or air, especially through Dallas Fort Worth International Airport. In 2023, Financial Times ranked three DFW cities—Plano, Irving, and Dallas—among the top five best U.S. cities for foreign multinationals to do business.
Dallas-Fort Worth International Companies
Sample U.S. Headquarters and International Subsidiaries in the DFW Region
7-Eleven (Japan)
Accenture (Ireland)
Andritz Separation (Austria)
Anheuser-Busch (Belgium)
Atos NA (France)
Balfour Beatty (England)
Bimbo Bakeries USA (Mexico)
Bombardier Aviation Services (Canada)
Chubb Group (Switzerland)
Cinepolis USA (Mexico)
Clevon (Estonia)
Colliers International (Canada)
Delta Electronics USA (Taiwan)
Epiroc (Sweden)
Fresenius Medical Care (Germany)
Fujitsu America (Japan)
Gerdau (Brazil)
GKN Aerospace (England)
Hempel USA (Denmark)
HOYA Vision Care NA (Japan)
Indorama Ventures (Thailand)
KPMG (The Netherlands)
Kubota Tractor (Japan)
Lehigh Hanson (Germany)
LG Electronics USA (South Korea)
Megger (England)
MORSCO (Australia)
NTT Data (Japan)
Panini America (Italy)
Randstad Technologies (The Netherlands)
Safran USA (France)
Samsung US (South Korea)
Siemens (Germany)
Signet Jewelers (Bermuda)
Smith & Nephew (England)
SMS Infocomm (Taiwan)
Smurfit Kappa (Ireland)
Sodexo (France)
STMicroelectronics (Switzerland)
TATA Consultancy Services (India)
Tech Mahindra Americas (India)
The Apparel Group (China)
Thomson Reuters (Canada)
T-Mobile (Germany)
Toyota Connected (Japan)
Trend Micro NA (Japan)
Unilever USA (The Netherlands)
Vicostone USA (Vietnam)
Webber LLC (Spain)
ZTE USA (China)
Honorary Consuls & Consuls General Serving Dallas-Fort Worth
Belgium
Belize
Cambodia
Canada
Cote d’Ivoire
Denmark El Salvador Finland France Germany Guatemala Honduras Iceland Italy Japan Korea Malta Mexico Monaco Netherlands Norway Paraguay Peru Sierra Leone Slovak Republic
South Africa
Spain
Sweden
Switzerland Taiwan United Kingdom Uruguay
EB-5 Investment Visa Program
The EB-5 Investment Visa Program is the immigrant visa category for foreign entrepreneurs and investors.
EB-5 allows a foreign national to obtain lawful permanent resident (LPR) status in the United States for self, a spouse, and unmarried children under age 21 in return for making a qualified investment in a U.S. enterprise. Program authorization runs through 2027.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 132 BUSINESS & ECONOMY | INTERNATIONAL COMPANIES
Approved EB-5 Regional Centers with North Texas Coverage: CDRC | City of Dallas Regional Center cdrc.us Civitas Texas Regional Center civitascapital.com Texas EB-5 Regional Center/ US Freedom Capital-Texas txeb5rc.com Texas Regional Center, LLC trceb5.com
Parent Company
Region/Country
Americas
Australia
France
Germany
Japan
Other Asia
Other Europe
United Kingdom
1. Nokia is a Finland-based company which designs, develops, and builds communications networks.
The U.S. headquarters, located in Dallas, hosts an Executive Experience Center where customers can engage in immersive live demos of Nokia products and solutions.
2. Tetra Pak is a Swedish food processing and packaging solutions company focused on providing innovative and environmentally sound products. Tetra Pak operates a manufacturing plant in Denton.
3. Airbus Helicopters is a division of Netherlands-based Airbus, a global leader in aeronautics, space, and related services. As the world’s leading helicopter manufacturer, the Grand Prairie headquarters provides civil and military solutions for customers who serve, protect, and save lives in highly demanding environments.
4. Infosys is an Indiabased global leader in nextgeneration digital services
and consulting. With a large presence in Richardson, Infosys Americas is focused on artificial intelligence, machine learning, user experience design, and technologies that enhance cloud and big data services.
5. EssilorLuxottica is a global leader in the design, manufacture, and distribution of ophthalmic lenses, frames, and sunglasses based in France. The merger of industry pioneers in lens technologies and iconic eyewear created a verticallyintegrated business that focuses on vision as a basic human right and lever for global development. Farmers Branch is home to Essilor of America headquarters.
6. Hilti is a Liechtensteinbased company that develops, manufactures, and markets products for the construction, building maintenance, and mining industries. The North American headquarters is in Plano.
7. Elbit Systems is an Israeli high-tech company and a leading global source of innovative,
technology-based systems for diverse defense and commercial applications with a regional headquarters in Fort Worth.
8. GRUMA is the world’s largest manufacturer of corn and flour tortillas based in Mexico. GRUMA began its operations in Texas in 1982 and is the present-day parent company of Mission Foods Corp. based in Irving.
9. NEC Corporation is a Japanese multinational provider of IT services and products, enterprise solutions, servers, telecom products and services, and consumer electronics. NEC Corporation of America is the company’s principal subsidiary located in Irving.
10. BT Americas is the North American subsidiary of UKbased BT Group, which provides information and communications services, as well as network equipment, network services, software, business solutions, and integrated data services to corporations around the world. BT Americas is headquartered in Irving.
11. Santander is a Spanish multinational financial services company. Its subsidiary, Santander Consumer USA, which provides vehicle financing, is headquartered in Dallas.
12. Toyota Motor Corporation, the leading global automobile manufacturer based in Japan, operates its North American headquarters in Plano, including Toyota Motor Sales, Toyota Motor Engineering & Manufacturing, and Toyota Connected.
13. Galderma USA, based in downtown Dallas, is a subsidiary of its Swiss-based parent, the world leader in providing science-based skin health solutions to health care professionals and their patients at all ages and stages of life.
14. Ericsson is one of the leading providers of information and communication technology. The company maintains a comprehensive portfolio that ranges across networks, cloud software services, and emerging business. Ericsson’s North America headquarters is in Plano.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 133 BUSINESS & ECONOMY | INTERNATIONAL COMPANIES
9 8 7 6 5 4 3 2 13 12 14 10 11 1
Source: BusinessWise; D&B Hoovers
DALLAS FORT WORTH McKINNEY DENTON
Global Trade
According to the International Trade Administration, the Dallas metropolitan area was the 7th largest export market in the U.S. in 2022 with merchandise shipments totalling $50.6 billion. This accounts for 10.4 percent of Texas goods exports.
The latest data available indicates that 8,947 companies exported goods from the Dallas metropolitan area. Of these, 88 percent were small- or medium-sized exporters (SMEs) with fewer than 500 employees. Top export market regions for DFW exporters include those covered by the Asia Pacific Economic Cooperation (APEC), the USMCA, and the European Union.
The top Dallas-Fort Worth area export market countries included Mexico, Canada, China, Germany, and the United Arab Emirates.
Expansion of the DFW global trade footprint is a primary reason why the region’s Gross Metropolitan Product is the fastest growing among major metropolitan areas over the last decade. The DFW economy punches above its weight: While the region accounts for 26 percent of the population in Texas, the DFW share of the Texas economy is 29 percent.
DFW Trade Around the World
2023 Top Trading Partners—DFW Trade District
Data represents total value/tons within the DFW Customs Trade District, which includes Dallas Fort Worth International Airport, Austin, San Antonio, Fort Worth Alliance Airport, Addison Airport, Amarillo, Midland International Airport, Lubbock, Oklahoma City, and Tulsa. However, the DFW region represents 97 percent of the total value of goods traded in the entire trade district.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 134 BUSINESS & ECONOMY | GLOBAL TRADE $0.7 $1.2 $4.3 $5.7 $7.3 $7.4 $8.4 $9.2 $16.2 $18.5 OP EC L AF TA AS EA N Eur opea n U nion Eur o Area US Trade Agreement Partners N ATO OEC D NICS AP EC $0 $5B $10B $15B $20B Exports from DFW to Select Economic Regions (2023)
32.9% Exports 67.1% Imports $89.2 Billion United Kingdom $3.4 Billion Canada $8.5 Billion 29.4% Exports 70.6% Imports 2.4% Exports 97.6% Imports Total Value of Goods in U.S. Dollars
DFW Trade
Source: USA Trade Online
Thailand
Germany
Vietnam $10 Billion
Note on differing export measurements: USA Trade Online reports exports from final port of exit (e.g. goods bound for export from DFW that pass through other ports, like LAX, will be counted as an export from LAX), while US International Trade Administration reports exports from port of origin.
Billion
South Korea $7.3 Billion
Singapore Taiwan $2.7 Billion
DFW Trade with Target Markets*
France
Mexico
Spain
*Factors used to determine target market status include direct flights, foreign direct investment, trade volume, business environment compatibility, and populationrelated statistics. Six additional target markets are also top trading partners: Canada, China, Germany, Japan, South Korea, and the United Kingdom. Source:
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 135 BUSINESS & ECONOMY | GLOBAL TRADE
DFW Export Sectors
Trade Surplus
44.6% Exports 55.4% Imports $3.8
Top
Trade Deficit
Japan
45.2% Exports 54.8% Imports
$2.6 Billion $7.5 Billion
$2.6 Billion 15.9% Exports 84.1% Imports 54.7% Exports 45.3% Imports 7.8% Exports 92.2% Imports 38.2% Exports 61.8% Imports
64% Exports 46% Imports
$13.2 Billion 20.3% Exports 79.7% Imports 31.3% Exports 68.7% Imports 56.7% Exports 43.3% Imports 41.5% Exports 58.5% Imports 65.1% Exports 34.9% Imports
China
$2,202.6 Million
$2,121.2 Million
$1,011.4 Million
Australia
$424.8 Million
Trade Value (In Billions) % of DFW Exports Aerospace Product and Parts Manufacturing $6.9 13.7% Semiconductor and Other Electronic Component Manufacturing $4.8 9.5% Communications Equipment Manufacturing $4.6 9.1% Motor Vehicle Manufacturing $4.1 8.1% Motor Vehicle Parts Manufacturing $2.7 5.3%
USA Trade Online
USA Trade Online Source: International Trade Administration
Source:
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 136
Ecosystem Innovation
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 137 Illustration: KrulUA/iStock
The Innovation
Districts Centers of Excellence Innovation
The Innovation Ecosystem
Texas is arguably the No. 1 state in the country in which to do business, and Dallas-Fort Worth is one of the best places in the country for entrepreneurs. An explosion of startups, coworking spaces, incubators, and accelerators are building a thriving ecosystem in DFW.
Dallas
The Urban Innovation Corridor in Downtown Dallas is at the intersection of startups, corporations, capital, universities, housing, and retail. The focal points of Dallas capital are located at The Crescent and Old Parkland. Corporate innovation is propelled by leaders at the AT&T Discovery District, Sam’s Club Innovation Center, and the C1 Innovation Lab. Several coworking spaces provide companies with a place to thrive, and in close proximity, you’ll find two nationally ranked research universities, SMU and UT Southwestern, just a few miles away.
Clusters of innovation activity exist all across Dallas-Fort Worth. Below are just a
few examples:
Arlington
Esports Stadium Arlington, operated by OpTic Gaming, is one of the largest dedicated esports facilities in North America with 100,000 square feet of tournament and gaming space. Spark coworking is nearby as part of the Texas Live! development. Innovation is anchored in the city at the University of Texas at Arlington.
Denton
Stoke Denton is a collaborative coworking center that brings community tech events, assists startups, and creates local jobs. The University of North Texas’ Innovation Greenhouse gives novice and seasoned entrepreneurs a place to pitch ideas and start businesses.
Alliance Mobility Innovation Zone
Hillwood’s AllianceTexas in north Fort Worth offers mobility companies full access to an extensive testing ecosystem, resources, and partnerships essential to comprehensively test, scale, and commercialize their technologies.
Frisco
The City of Frisco focuses on innovation across multiple verticals, including smart city technologies, fintech, cybersecurity, and sports/esports. A new innovation hub, anchored by Plug and Play, will be on the 6th floor of the Baylor Scott & White Sports Therapy & Research Building at The Star.
Mansfield
The Mansfield Innovation Community, or “The MIC,” is set to be the epicenter of a multiphase, one million-square-foot development. This mixed-use hub will include a GSV Labs Innovation Center.
McKinney
McKinney EDC’s Innovation Fund is designed to help companies scale through “Seed to Series A” in the investment cycle and to invest in small startups at the ideation stage.
Plano
The city of Plano is home to numerous corporate tech centers, including Carmax, the Capital One Garage, and Toyota Connected. The Texas Research Quarter will offer over 4 million square feet of life science lab, office, and therapeutic production space.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 138 2024
INNOVATION | INNOVATION ECOSYSTEM
WOODALL RODGERS FREEWAY Cedar Springs Rd Reverchon Park KlydeWarrenPark KatyTrail Main Street Garden Belo Garden Pacific Plaza McKinney Ave MainSt. West End Square Park Lerma USPTO Regional O ce GigWage Beck Technology SoGood FactorySix03 Broadjump Sam’s Club Innovation Center C1 Innovation Lab Vision 2 Common Desk RevTech United Way’s Social Innovation Accelerator Spaces WeWork AT&T Discovery District The Centrum LTK (formerly RewardStyle) UT McCombs MBA at Dallas/Fort Worth Campus East Quarter Dialexa Watermark Digital OMG Therabody Talisker EY Cybersecurity Center Perot Companies Cyrus One InfoMart Equinix IBM Medecision Cvent Kibo ReelFX Robokind Stackpath Databank The Epic Uber Spaces DLR Group Per Scholas Traxo Dallas College The Crescent Old Parkland Cypress Growth Capital Green Park & Golf Ventures Sentiero Ventures CIC Partners Pharos Capital RedBird Capital Integrity Marketing Group The Stack TRG Bestow Worldwide Express NectarOM Veryable Jacobs GSV Imaginuity Form.io CBRE UT Southwestern and Pegasus Park 3.1 MILES AWAY SMU 3 MILES AWAY Mark Cuban Drug Company Neiman Marcus ZixCorp Salesforce ISN Software Bluebeam Spaces [x]cube Labs Zirtue WeWork OpTic Gaming Work214 Zinwave Charlie Uniform Tango Industrious West Monroe Galderma Goldman Sachs Common Desk Kickbox Sendero
AT&T Discovery District
Incubators and Accelerators
The same landscape that fosters our largest companies also spurs explosive growth in our smallest. The many incubators and accelerators operating in Dallas-Fort Worth make it easy for startups and small businesses to find support and thrive.
AccelerateHER Incubator
Dallas
Training program specifically for women-owned startups cofacilitated by The Slate coworking and the TWU Center for Women Entrepreneurs.
Plug and Play Enterprise & AI
McKinney
Silicon Valley-based enterprise and AI accelerator. Focus areas include big data and AI, infrastructure and IT, future of work, customer engagement, and cybersecurity. First cohort will start in 2024.
BioLabs
Dallas
A 37,000-squarefoot coworking lab and office facility in Pegasus Park. The space contains 130 benches, including wet labs, and over $2 million in shared equipment.
HealthWildcatters
Dallas
A 12-week mentor-driven seed accelerator focused on healthcare by supporting entrepreneurs and companies that are developing solutions for the industry.
Plug and Play FinTech
Frisco & McKinney
Silicon Valleybased fintech accelerator is a joint program based out of Frisco and McKinney. Focus areas include wealth management, payments, retail banking, regtech, and crypto and digital assets. First cohort will start in 2024.
Blackstone Launchpads
UTA, UTD, UTSW
Located on each campus, the program offers students and recent alumni access to a global network of mentors, advisers, and startup resources.
Impact Ventures
Dallas Accelerator focused on underrepresented founders providing programming, mentors, curriculum, access to capital, and connections.
TechFW
Fort Worth
Since 1998, this accelerator and incubator has been helping entrepreneurs launch and grow emerging technology companies. Programs focus on coaching the inventors, founders, and managers of early-stage companies.
Capital Factory
Texas
Serves as a center of gravity for entrepreneurs in Texas. One of the most active venture investors in the state, providing mentorship, coworking, and events across the State.
Founders Arena
Arlington Accelerator program designed to support and accelerate the growth of companies operating in the wealth management sector.
Techstars
Physical Health
Fort Worth
Global investment platform and accelerator focusing on addressing the challenges that exist in the world of physical health. Partners include the City of Fort Worth, UNT Health Science Center, Tarrant County, and Goff Capital.
CreateFW
Fort Worth
Located in the Near Southside
District, CreateFW is working to address the challenges faced by entrepreneurs and small business owners, particularly in BIPOC areas.
MassChallenge
Dallas
Boston-based accelerator operating in Dallas since 2022. Key areas of focus include defense, health care, pharmaceuticals, and human potential.
RedBird Innovation Center
Dallas
20,000-squarefoot space in Southern Dallas offering coworking, business incubation, accelerator programs, and event space. Focused on underrepresented founders and creating a more diverse and equitable entrepreneurial landscape.
Plug and Play Sportstech Frisco
Silicon Valleybased accelerator focused on developing technologies evolving human potential and performance. First cohort will start in 2024.
United Way Social Innovation Incubator
Dallas
Supporting human, social, and financial capital in early-stage entrepreneurs in the social innovation sector. The program is designed for entrepreneurs who have experienced systemic racial and gender inequities.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 INNOVATION | INNOVATION ECOSYSTEM 139
Health Wildcatters at Pegasus Park
CreateFW
Organizations
“You should do that!” That’s typically the first response when someone in DFW decides they’re going to start a new business and tells a friend. The next thing that friend likely will ask is, “How can I help?” Our region is abuzz with a wealth of organizations, events, and resources that foster innovation and support entrepreneurial endeavors.
DFW CPG
A consortium of cross-sector partners working to lower the barriers to deploying, replicating, and scaling smart city solutions. Focus areas include digital infrastructure; mobility and transportation; economic development and entrepreneurship; the built environment; education and workforce; and sustainability and resilience.
The life science trade organization for Dallas-Fort Worth. Created to accelerate the growth of the region’s diverse and balanced life science ecosystem. Companies connect with industry leaders, technologies, investors, universities, consultants, a varied population for clinical research, and an experienced pool of scientists, technicians, and resources.
Founded in 2019 to bring together and serve the consumer packaged goods (CPG) community in Dallas-Fort Worth. The group supports early- to late-stage CPG companies through a mix of networking events, speakers, speaker panels on various topics, and opportunities to connect with experts in smaller groups called DFW CPG Huddles.
The Texas Research Alliance works with companies to understand their research and innovation needs and bring its network of university faculty, high-growth companies, and startups to help solve challenges. Founded as a non-profit by four of the largest chambers of commerce in DallasFort Worth
Capital
Dallas-Fort Worth is home to every stage of capital that a growing company may need. Angel investors, family offices, venture capital, and private equity firms are looking to find and invest in great companies.
Sample of VC and Angel Investors in Dallas
Access Capital
Beyond Capital
Blossom Street Ventures
Capital Factory
Cowtown Angels
Cypress Growth Capital
Dallas Venture Capital
Goldcrest Investments
Green Park & Golf Ventures
Interlock Partners
Mark Cuban Companies
North Texas Angel Network
Perot Jain
Republic
Revtech
Sentiero Ventures
Venture Dallas
Venture Dallas exists to amplify the entrepreneurial spirit of Dallas-Fort Worth by connecting innovators with investors, celebrating the region’s pioneering roots, and driving impactful growth in the business community. The organization hosts an annual conference that attracts venture capital investors from around the country. The all-day event features visionary keynotes and panel tracks with industry experts and venture capital leaders, with ample time for networking. Connections are core to the event, where deals are made and founders have secured funding, investment, and mentorship.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 140 INNOVATION | XXXXXXXX INNOVATION ECOSYSTEM
North Texas Innovation Alliance
BioNorthTX
Texas Research Alliance
PHOTOS: NVENUE, BRI CROW; OTHER PHOTOS COURTESY OF THE COMPANIES
2024
Federal Investment in DFW Innovation
ARPA-H - In September 2023, Dallas’ Pegasus Park was selected as the national headquarters of the Advanced Research Projects Agency for Health, known as ARPA-H, Customer Experience Hub. The goal of the Customer Experience Hub is to ensure that future healthcare advancements are patient-centric and deliver improved outcomes for all Americans.
EDA SEMICONDUCTOR TECH HUB DESIGNATION
In October 2023, the Economic Development Administration unveiled 31 U.S. Tech Hubs in the U.S., including the SMU-led Texoma Semiconductor Hub. It will work to strengthen, build on, and drive innovation in the existing semiconductor supply chain in 29 counties in North Texas and Oklahoma through regional collaboration and workforce development.
NSF INNOVATION DEVELOPMENT ENGINE
- In May 2023, a team led by the University of North Texas was selected for a Type-1 innovation development engine grant. The team received $1 million and will, over the next two years, work with collaborators from industry, local governments, public agencies, and workforce development organizations to develop a proposal for a regional innovation ecosystem focused on logistics and compete for an NSF Type-2 Engine, which could receive up to $160 million over ten years.
Events
1 Million Cups - Every Wednesday, 1MC communities around the country meet to give each other support, encouragement, and feedback over a cup of coffee. At 1MC, entrepreneurs present their businesses to inclusive, welcoming audiences. It’s not a pitch; it’s a chance to learn, collaborate, and grow. 1MC locations include Dallas, Fort Worth, Frisco, Irving, and Northeast Tarrant County.
IQ Brew - The IQ Brew is held every 2nd Thursday of the month and is hosted at The IQHQ in Richardson. It is a networking and educational series featuring presentations from entrepreneurs, small businesses, and subject-matter experts.
Digital Fight Club - This annual event puts two experts on stage in front of five accomplished “referees” and a crowd of their peers and lets them defend their position on a topic in their field.
USPTO REGIONAL OFFICE
- DFW is home to one of four satellite offices of the United States Patent & Trademark Office. Located in Downtown Dallas, it works with small businesses and entrepreneurs to help them navigate the patent process, meet with examiners, and access USPTO’s comprehensive search databases. It serves as a patent examination office for technology developed in the region and throughout the South.
Code Launch - A startup accelerator event that pairs early-stage tech startups with professional software development teams to accelerate their trajectory toward MVP, seed funding, and beyond. Startup Grind - A series of events that brings together founders, industry experts, and aspiring entrepreneurs to share insights, experiences, and advice. Startup Grind meetings are held in Fort Worth, Dallas, and Frisco.
Dallas Startup Week - A free, five-day celebration of our community that builds momentum and opportunity around entrepreneurship. Multiple special events and summits occur throughout the week. Industry tracks are at the core of Dallas Startup Week’s programming. With 11 different tracks that include Marketing, AI, Automation, Quantum and Healthcare, there’s something for every entrepreneur or innovator, no matter what stage of the journey they’re in.
EarthX E-Capital Summit - EarthX’s annual E-Capital Summit is an invitationonly conference that convenes hundreds of investment firms, early to latestage innovators, established global companies, industry thought leaders, national policymakers, incubators and accelerators, and researchers. Participants tackle some of the world’s greatest investment and business opportunities in sustainability, resilience, conservation, clean technology, and climate technology.
141 INNOVATION | INNOVATION ECOSYSTEM
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE
Fort Worth Medical Innovation District
In the Near Southside district, Fort Worth’s growing medical industry is joining forces with its local entrepreneur community to explore new and exciting frontiers in the medical and biotech industries. The 1,200-acre district is designed to attract top talent with a variety of places to live, work, play, and collaborate on new health advancements. www.nearsouthsidefw.org/medical-district.html
The Richardson IQ
Built on the area’s rich history of innovation and entrepreneurship, the Richardson Innovation Quarter (IQ) has been precision-engineered to foster growth, attract, and retain talent, and encourage collaboration. Today, The Richardson IQ is home to video game giant id Software and a nano-tech lab operated by Zyvex. Honeywell manufactures sensors here, and Raytheon’s EO Innovations makes optical lenses. Digital Realty currently oversees nearly one million square feet of data centers. Ericsson, Verizon, Siemens, and Argo Data all have offices here. In 2022, the University of Texas at Dallas (UTD) and the City of Richardson opened the IQHQ, a new 27,500-squarefoot collaboration space. Along with coworking, office, and lab space, the building houses five UTD research centers under the umbrella of the Centers for Emergent Novel Technology (CENT-IQ). The new research hub contains the Center for Applied AI & Machine Learning, the Center for Imaging and Surgical Innovation, the Multi-Scale Integrated Interactive Intelligent Sensing Center, the Center for Smart and Connected Mobility, and the Center for Applied AI. richardsoniq.com
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 142 INNOVATION | INNOVATION DISTRICTS
South Main Magnolia Ave. 8th A ve. Rosedale St 2024
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE
15 MIN
Snapshot of Centers of Excellence in DFW Business Services
Accenture, a leading global professional services company that helps organizations build their digital core and accelerate growth, employs more than 2,800 people in the region. The Cloud Innovation Center at its Irving office provides tailored solutions to Fortune 500 clients.
Deloitte is investing $300 million in an expansion of its Deloitte University in Westlake. The sprawling center, which opened in 2011, is “where learning meets leadership” for Deloitte employees and guests.
NTT Data Services, the Plano division of the Japan-based company opened its North American Innovation Center in 2022. The center focuses on customer-facing tech, including areas like 5G, smart city planning, and “digital humans”— virtual models of the human body for medical research.
Wipro has a cybersecurity center and hub for advanced analytics at its Texas Technology Center in Plano.
Persistent Systems, a digital engineering firm based in India, opened a new private equity “Value Creation Hub” in Plano.
Hitachi Vantara opened the Hitachi Application Reliability Center as its first physical cloud and engineering “center of excellence” in North America. It expects to employ 120 workers in Dallas by 2025.
West Monroe, with over 100 employees in Dallas, is a national business and
Advanced Manufacturing
Texas Instruments is building a new 500-acre, 4.7 millionsquare-foot semiconductor wafer fabrication plant in Sherman.
Elbit Systems of America, headquartered in Fort Worth, produces high performance components for weapons systems in the F-35 fighter jet and V-22 tiltrotor aircraft.
Bombardier manufactures an advanced wing design for its Global 7500 luxury business jet. The Red Oak plant is expanding to employ 1,100 people.
MP Materials operates a 200,000-square-foot rare earth metal, alloy, and magnet
manufacturing facility in Fort Worth. The facility also serves as the business and engineering headquarters for its magnetics division.
LG opened its first U.S. EV charger factory in 2024. The 100,000-square-foot plant in Fort Worth will have an annual capacity of 12,000 units, while operating with “100% green power.”
Raytheon opened a 200,000-square-foot factory in McKinney. The new facility specializes in intelligence, surveillance, and reconnaissance systems, including electro-optical
technology consulting firm helping clients across industries with M&A, Customer Experience, Operational Excellence, and Technology Services.
Cognizant, based in Irving, employs 1,100 technology professionals. Its new 69,000-square-foot Plano location will employ 500, primarily software developers.
Splunk Inc. the San Francisco based data analytics and machine learning company has a global innovation hub in Plano. Infosys has its Texas Technology and Innovation Hub in Richardson. The office is home to 500 employees focusing on digital transformations in the telecommunications, retail, and banking industries.
manufacturing and the production of high-energy laser systems.
Siemens, the German-based manufacturer, is investing $150 million in a new high-tech plant in Fort Worth. The facility will produce electrical equipment
for data centers, battery plants, and semiconductor facilities.
Delta Electronics, a Taiwanbased global electronics maker, is building a 400,000-squarefoot research, development, and manufacturing hub in Plano.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 144 INNOVATION | CENTERS OF EXCELLENCE
Accenture
Fort Worth Mayor Mattie Parker and Alec Jang, president of LG Electronics Business Solutions
2024
Deloitte University
Biotech
Pegasus Park is a 23acre campus, just north of downtown Dallas. It is home to biotech startups and a 37,000-square-foot BioLabs wetlab space, as well as MassChallenge and HealthWildcatters startup accelerators. UT Southwestern also occupies 180,000 square feet for 900 employees. Bridge Labs, a 135,000-squarefoot purpose-built lab and R&D expansion, will open in 2024. The campus can add roughly one million square feet of future development.
Evolve Biologics is building a 200,000-square-foot, stateof-the-art manufacturing facility in Sachse. The new location will bring 300 jobs.
Retail
Toshiba Global Commerce Solutions looks to “reimagine the store of the future” with a new 14,000-square-foot innovation and incubation hub in Frisco. Teams there will work on cloud development, computer
Cybersecurity
Verily (formerly Google Life Sciences), the research company for Alphabet devoted to the study of life science, opened a Cypress Waters office in 2022 bringing over 100 jobs.
Techstars Physical Health Fort Worth Accelerator, in partnership with Goff Capital and the UNT Health Science Center at Fort Worth (HSC), supports and funds earlystage startups building new technologies, treatments, and therapies in the physical health space.
Dallas Fort Worth International Airport operates a 37,000-squarefoot cold chain storage
facility. It allows the refrigerated storage and rapid delivery to and from our region of temperature and time-sensitive pharmaceuticals.
McKesson, a Fortune 10 company and the nation’s largest pharmaceutical distributor, is headquartered in Irving, where it’s leading a data analytics initiative to improve patient health outcomes.
Fintech and Insurtech
Bank of Montreal opened a tech hub in Irving, adding to its 250-person DFW workforce. It will focus on cybersecurity, engineering, development, and financial crimes and is its first tech hub outside of Toronto.
PNC Bank opened its North Texas Technology and Innovation Hub in Farmers Branch in 2022. This space employs 200 working on systems architecture, user experience, and cybersecurity.
Bank of America has over 14,000 workers in DFW, including 8,500 tech and operations workers. They also maintain a significant cybersecurity operation in DFW.
vision, and retail IoT. The hub will employ 150 people.
Walmart is expanding its drone delivery operations to cover up to 75% of the DFW population. Wing, a subsidiary of Alphabet, opened its second U.S. remote operations center in
McAfee, the global online protection provider, opened a new regional headquarters at The Star in Frisco in 2023.
Taiwan’s TXOne Networks, which focuses on operational technology networks and devices, has its Americas HQ in the Urban Towers complex in Las Colinas.
TrendMicro, an IT security company, operates its US HQ in Irving employing engineers and software developers tackling hardware and software vulnerabilities in IoT environments, including smart manufacturing, smart cities, and smart energy.
Citigroup hosts one of two global Security Operations Centers in Irving where the company employs its largest concentration of technology positions.
Trellix , a $1.7 billion cybersecurity firm created by the merger of McAfee and FireEye, opened an 85,000-square-foot office in Legacy West.
Coppell in 2022.
Sam’s Club Innovation Center in Downtown Dallas has over 200 engineers, designers, and product managers working on everything from mobile apps to machine learning to computer vision.
Wells Fargo is constructing a nearly 900,000-square-foot regional campus in Irving. The facility will house more than 3,000 workers when it opens in 2025.
Capital One Financial Services opened The Garage in Plano, a 36,000-square-foot space occupied by product managers, software engineers, and designers.
Vanguard opened a new office in Plano that includes IT professionals supporting its broader advice services.
Charles Schwab relocated its HQ to a new 70-acre campus in Westlake in 2021 that will be home to hundreds of tech workers, including software and network engineers, cybersecurity professionals, and solutions and application architects.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 145 INNOVATION | CENTERS OF EXCELLENCE
▲Blue Cross Blue Shield C1 Innovation Lab anchors the West End of Downtown Dallas where it houses a cybersecurity center and design think studio.
Pegasus Park
Continues on Page 146 2024
Photo: greenbutterfly/iStock
Microsoft Technology Center
Seattle Companies in DFW
Amazon continues to invest in its Dallas Tech Hub, adding over 600 jobs to support various business functions. Key roles being added include cloud infrastructure architects, software engineers, product managers, and user experience designers.
Microsoft operates a campus and Technology Center in Las Colinas, one of its largest hubs in the U.S. A recent $31 million facility investment was designed to help accelerate the adoption of cloud technology in regulated industries, such as the U.S. federal government, health care, and financial services.
Slalom, a global consulting firm with a team of more than 350 consultants in Dallas, works with many area Fortune 100 companies helping drive innovation and complex transformation projects.
Emerging Technology
Artificial Intelligence
With a strong community of 5,000+ AI enthusiasts, Dallas AI is the largest nonprofit AI forum in DFW. The diverse community includes senior corporate leaders to fresh graduates and professionals. The group hosts educational talks and workshops, partnering with top companies and academia at the forefront of AI research, including Google, Microsoft, IBM, Verizon, and more.
Sample of Silicon Valley Companies
Operating in DFW
Cisco
Equinix
Facebook Fundbox
Google HP
Intuit
Kodiak Robotics
McAfee
Oracle
Palo Alto Networks
Pivotal Salesforce
Splunk Symantec
Synopsys
TripActions Uber
VMWare
Blockchain and DLT
Texas Blockchain Council is a nonprofit industry association working to make the State of Texas the jurisdiction of choice for bitcoin, blockchain, and digital asset innovation. Richardson’s Hedera Hashgraph is a leader in enterprise-ready Distributed Ledger Technology (DLT). Its technology can handle more than 100,000 transactions per second. www.dallas-AI.org
Web3 / AR and VR
Building on a deep history of video game development and software engineering, these DFW companies are creating breakthrough experiences for some of the world’s largest companies.
900lbs
Balanced Media
Bottle Rocket
GrooveJones
M2 Studio
Meta Quest
Playful Studios
ReelFX
Spacee
Fintech and Insurtech
(
Goldman Sachs will employ almost 5,000 people in a new three-building, 800,000-square-foot campus in Uptown Dallas. The company has been consolidating regional offices, bringing most of its employees to its existing Downtown Dallas office where the technology and operations divisions are located. DFW is its second-largest workforce center behind New York. The new campus will open in 2027.
Fidelity has a 332-acre campus in Westlake with more than 6,000 employees. The inhouse R&D lab explores applications for emerging technologies to develop products, such as Fidelity Digital Assets, that execute cryptocurrency and other digital asset trades.
Comerica opened a new business and innovation hub at The Star in Frisco in 2023. The hub will employ around 300 people and offer “cross-functional collaboration” opportunities.
Intuit operates a 500+ employee facility in Plano which is the headquarters for its Strategic Partner Group. At that location, data scientists, analysts, and UX/UI designers harness data by leveraging AI/machine learning to improve processes for their customers.
JPMorgan Chase has more than 3,000 technologists in the region. Its new 540,000-square-foot, multi-building campus in Plano is home to technology teams from all lines of business.
State Farm’s Live-Work-Play Cityline regiona hub in Richardson employees thousands of workers, many of whom are in enterprise technology and other IT positions.
USAA operates a campus in Plano where the majority of the 1,000+ workers are in IT and digital roles. Activities at the campus range from predictive analytics applied to potential life events, to drone use for disaster assessment.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 146 INNOVATION | CENTERS OF EXCELLENCE
Continued from Page 145 )
Rendering of new Goldman Sachs campus
2024
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 147 [see] your business here. D ALLA S RIC HA R DS ON P LAN O SAC HS E 75 President George Bush Turnpike Dallas North Tollway 635 78 Sachse Economic Development SachseEconomicDevelopment.com 469.429.4764 EconomicDevelopment@CityofSachse.com City of Coppell · P.O. Box 9478, Coppell, Texas 75019-9478 972-304-3677 · coppelltx.gov The classic real estate mantra “location, location, location” is right on the money when it comes to starting, relocating or expanding your business. Your business can thrive when you put down roots in the right environment. That ideal place is Coppell in the heart of the Dallas-Fort Worth metroplex and minutes from DFW Airport. Find out how sunny your future can be. Call 972-304-3677 and visit coppelltx.gov. PICKING THE IDEAL LOCATION YIELDS A FRUITFUL FUTURE. DISCOVER WHAT’S NEW + NEXT IN DALLASFORT WORTH A COLLABORATION OF THE DALLAS REGIONAL CHAMBER AND DALLAS NEXT DALLASINNOVATES.COM 2024
Wages and Salaries
Utilities—Electricity
Utilities—Water, Sewer, Gas, and Telecommunications
Taxes and Union Activity
Real Estate—Office
Real Estate—Industrial
Real Estate—Retail
Cost of Doing Business
Corporate Business Climate
Costs & Incentives 2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 149
Local, State, and Federal Incentives
Photo: Pineapple Studio/iStock
Cost of Doing Business
When it comes to doing business in a major metropolitan area, it doesn't get much more affordable than Dallas-Fort Worth. Dallas and Fort Worth index well below other major U.S. business centers when it comes to state and local taxes. In terms of the largest corporate expenses—labor and rent—Dallas and Fort Worth also rank well below other major U.S. markets, making the region an attractive place to expand or relocate.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 150 COSTS & INCENTIVES | COST OF DOING BUSINESS
San Francisco (197.7) San Jose (167.3) Los Angeles (119.3)
San Diego (140.9) Phoenix (101.5)
Denver (106.2)
Seattle (112.5) Fort Worth (97.2) Austin (115.2) San Antonio (90.3) Boston Washington, D.C. Los Angeles 134 95 $ 112 149 77 $ 136 106 99 157 147 119 110 109 $ 100 100 Fort Worth Metro Division 80 97 94 99 224 119 95 $
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE COSTS & INCENTIVES | COST OF DOING BUSINESS Kansas City (95.0) Atlanta (93.0) Charlotte (90.4) New York (153.5) Boston (133.9) Chicago (102.2) Minneapolis (102.8) Dallas (102.0) Worth (97.2) Houston (96.9) (90.3) ENERGY OVERALL COST LABOR OFFICE RENT TAX BURDEN Philadelphia (98.4) Cost of Doing Business 100=U.S. Average New York Seattle San Jose San Francisco 207 153 140 $ 264 1040 108 109 133 112 $ 104 92 1040 247 167 $ 115 109 206 1040 198 109 $ 135 1040 100 100 Dallas Metro Division 102 102 119 92 94 The cost of doing business is up to 3% lower in DFW than the national average. 3% Lower Miami (114.9) Washington, D.C. (110.3) Source: Moody’s North American Cost Review 151 $ 247 306
Wages and Salaries
Median wages and salaries in the Dallas-Fort Worth region generally track below other major metro markets, thanks to Texas’ pro-business labor environment and low taxes. An abundance of housing that is more affordable compared to major metropolitan areas means employees can still enjoy a higher standard of living at a lower cost than in other markets.
Typical Workers’ Compensation Costs
What People in Dallas-Fort Worth Earn
Basis of Rates per $100 Payroll
*To determine rates, a companyspecific multiplier is applied to the loss cost for a specific occupation classsification. Unemployment Insurance Tax Rate
New employers who do not acquire an existing business start at a tax rate of 2.7%, or the NAICS industry average rate, whichever is higher. The employer will keep the entry level tax rate until the employer’s account is chargeable with claims for unemployment benefits for four complete quarters. After these conditions have been met, the effective tax rate is calculated as the sum of five components multiplied by taxable wages. For 2023, the average tax rate is 1.16%.
Source:
Construction
Education,
Building and Grounds
Cleaning and Maintenance
136,253 |
Installation, Maintenance, and Repair 184,799 |
Arts, Design, Entertainment, Sports, and Media
70,416 | Total Workers
Health
Sales and Related
Transportation
Healthcare Support
147,277 | Total Workers
Protective
Farming, Fishing, and Forestry
5,025 |
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 152 COSTS & INCENTIVES | WAGES AND SALARIES
Electronic Apparatus Manufacturing $0.22 Fabricated Products $0.88 Machinery Manufacturing $0.81 Metal Goods Manufacturing $1.06
and Service $0.44 Hospital Professional Employees $0.23 Office Worker $0.03
Sales
Management 374,984 | Total Workers $104,103 | DFW Median $102,372 | U.S. Median Legal 34,000 | Total Workers $111,921 | DFW Median $94,957 | U.S. Median Business and Financial Operations 311,711 | Total Workers $75,322 | DFW Median $75,664 | U.S. Median Architecture and Engineering 68,980 | Total Workers $85,576 | DFW Median $86,911 | U.S. Median Community and Social Service 52,838 | Total Workers $51,711 | DFW Median $50,211 | U.S. Median Food Preparation and Serving Related 347,534 | Total Workers $26,950 | DFW Median $29,933 | U.S. Median Personal Care and Service 106,719 | Total Workers $27,578 | DFW Median $30,774 | U.S. Median Office and Administrative Support 588,095 | Total Workers $41,648 | DFW Median $41,176 | U.S. Median Computer and Mathematical 189,412 | Total Workers $100,019 | DFW Median $99,368 | U.S. Median Life, Physical, and Social Science 25,189 | Total
$67,974
DFW Median $72,743 | U.S. Median
Workers
|
221,835 | Total Workers $60,605 | DFW Median $53,847 | U.S. Median
Training, and Library
Total
$77,099 | DFW Median $75,508 | U.S. Median
Care Practitioners and Technical 215,277 |
Workers
Total
$44,581 | DFW Median $44,024 | U.S. Median
Service 81,355 |
Workers
Total
$48,612
DFW Median $51,252
U.S. Median
Workers
|
|
Total
$38,414
DFW Median $38,450 | U.S. Median
and Material Moving 447,735 |
Workers
|
and Extraction
| Total Workers $45,986 | DFW Median $49,950 | U.S. Median
198,686
Production
$38,466
DFW Median $40,437
Median
206,888 | Total Workers
|
| U.S.
$29,935
$32,604
Total Workers
| DFW Median
| U.S. Median
$36,080
$35,685
413,213 | Total Workers
| DFW Median
| U.S. Median
$30,646
DFW
$31,207
U.S. Median
Total Workers
|
Median
|
$51,663
$54,047
| DFW Median
| U.S. Median
$30,203
$33,180
| DFW Median
| U.S. Median
Loss Cost*
Texas Department of Insurance Occupation
Key Occupations in DFW Target Industries
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 153 COSTS & INCENTIVES | WAGES AND SALARIES Description 2023 JOBS 2024 JOBS 2025 JOBS 2026 JOBS DFW MEDIAN General and Operations Managers 131,764 134,867 137,476 139,715 $93,059 Computer and Information Systems Managers 23,013 23,932 24,734 25,447 $161,566 Financial Managers 23,409 24,395 25,276 26,071 $149,149 Accountants and Auditors 43,397 44,730 45,861 46,822 $79,694 Financial Analysts and Advisors 30,421 31,482 32,400 33,197 $80,220 Credit Counselors and Loan Officers 12,239 12,468 12,668 12,846 $73,363 Miscellaneous Financial Specialists 5,107 5,245 5,363 5,467 $56,323 Computer and Information Analysts 26,404 27,559 28,576 29,483 $111,625 Computer Support Specialists 31,069 32,162 33,097 33,906 $57,390 Database and Network Administrators and Architects 23,765 24,512 25,144 25,690 $107,275 Software and Web Developers, Programmers, and Testers 75,068 79,047 82,566 85,713 $114,749 Mechanical Engineers 5,122 5,296 5,446 5,576 $99,340 Registered Nurses 70,763 72,231 73,531 74,699 $82,833 First-Line Supervisors of Sales Workers 47,076 47,791 48,398 48,906 $45,055 First-Line Supervisors of Office and Administrative Support Workers 60,876 61,738 62,398 62,911 $61,524 Bill and Account Collectors 10,917 10,974 11,008 11,026 $40,012 Bookkeeping, Accounting, and Auditing Clerks 47,199 48,060 48,737 49,269 $46,908 Customer Service Representatives 109,542 111,230 112,541 113,564 $38,239 Loan Interviewers and Clerks 10,214 10,272 10,320 10,361 $48,347 Receptionists and Information Clerks 31,704 32,396 32,961 33,432 $32,627 Secretaries and Administrative Assistants 80,833 82,043 82,956 83,659 $42,129 Office Clerks, General 65,099 66,215 67,081 67,765 $36,540 First-Line Supervisors of Production and Operating Workers 18,092 18,385 18,614 18,794 $62,121 Electrical, Electronics, and Electromechanical Assemblers 6,874 6,991 7,087 7,165 $36,489 Miscellaneous Assemblers and Fabricators 37,347 37,774 38,034 38,169 $35,722 Inspectors, Testers, Sorters, Samplers, and Weighers 16,746 17,000 17,188 17,323 $39,820 Semiconductor Processing Technicians 1,692 1,716 1,736 1,753 $38,152
Source: Lightcast
Electricity
The Dallas–Fort Worth region ranks close to the national median in terms of overall electric rates. The state of Texas operates on a power grid separate from that of the rest of the country, meaning DFW ranks high in electrical systems reliability.
The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to 26 million Texas customers. Furthermore, because Texas has a deregulated electricity market, consumers can shop around and choose their service providers, giving them flexibility in pricing and service.
Dallas Area Monthly Electricity Costs
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 154 COSTS & INCENTIVES | UTILITIES— ELECTRICITY
Based on market pricing available February 2023 per EnergyBot data Residential Average Rate (paid per kWh) Average Monthly Bill 500 kWh 500 kWh 0.129 $65 1000 kWh 1000 kWh 0.122 $122 2000 kWh 2000 kWh 0.116 $236 Commercial Average Rate (paid per kWh) Average Monthly Bill 2,500 kWh 2,500 kWh 0.106 $265 10,000 kWh 10,000 kWh 0.103 $1,028 30,000 kWh 30,000 kWh 0.099 $2,958 80,000 kWh 80,000 kWh 0.094 $7,554 Industrial Average Rate (paid per kWh) Average Monthly Bill 200,000 kWh 200,000 kWh 0.092 $18,400 400,00 kWh 400,000 kWh 0.081 $32,400 650,000 kWh 650,000 kWh 0.069 $44,850 Source: EnergyBot
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 155 COSTS & INCENTIVES | UTILITIES—ELECTRICITY ERCOT (The Electric Reliability Council of Texas) Net Electricity Generation GwH % Total U.S. Average Coal-Fired 73,932 13.7% 16.8% Petroleum-Fired 332 0.1% 0.5% Natural Gas-Fired 274,511 51.0% 42.6% Nuclear 40,400 7.5% 18.5% Hydroelectric 731 0.1% 5.7% Wind 118,857 22.1% 10.2% Solar 25,902 4.8% 3.8% Other Renewables 1,244 0.2% 1.6% Other 2,605 0.5% 0.4% Total Net Electricity Generation 538,514
U.S. Electric Grid Source: Energy Information Administration
Texas Electric Generation by Source (2022Q4-2023Q3)
Water, Sewer, Gas, & Telecommunications
Dallas-Fort Worth is expected to continue growing at a rapid rate. In order to keep up with projected demand for utilities, the region’s leaders have made it a priority to secure reliable sources of water and gas. The area’s numerous lakes and the abundance of natural gas reserves, located in the geologic formation known as the Barnett Shale, ensure that DFW will have access to these resources in the decades to come.
AT&T and Texas Instruments, among others, call DFW home. As a result, the region is a strong telecommunications hub. Multiple carriers’ fiber networks connect North Texas cities to one another, as well as to the rest of the U.S. and the world. Redundancies in connectivity, combined with relative freedom from natural disasters, means minimal risk of downtime for any business operating in the vicinity. And with the proliferation of 5G technologies by all of the major service providers, businesses in DFW have an unlimited ability to be connected internally, to other businesses, and to their customers.
Rates and Infrastructure Within DFW
Water
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 156
and Sewer
Price per 1,000 gallons Residential Water Sewer Up to 4,000 $2.03 $5.81 4,001 to 10,000 $4.44 $5.81 10,001 to 20,000 $7.26 $5.81 20,001 to 30,000 $10.64 $5.81 Above 30,000 $12.03 $5.81 General Services Water Sewer Up to 10,000 $4.93 $4.96 Above 10,000 $5.31 $4.96 Above 10,000 and 1.4 times annual average $8.05 $4.96 *Prices reflect prompt-pay discount and are effective Oct. 1, 2023 ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! H gh and V age D b O k Lakewood V age No h R ch and H s For Worth EAGLE MOUNTA N LAKE Pen ego M ne a We s C R d R ve TrinityRiver BARDWELL LAKE BENBROOK LAKE CEDAR CREEK RESERVO R TR N TY FA RFIELD LAKE FOREST GROVE RESERVOIR GRAPEVINE LAKE HUBERT H MOSS LAKE JOE POOL LAKE LAKE ARLINGTON LAKE BONHAM LAKE BRIDGEPORT LAKE GRANBURY LAKE HALBERT LAKE MINERAL WELLS LAKE RAY HUBBARD LAKE RAY ROBERTS LAKE TEXOMA LAKE WAXAHACH E LAKE WEATHERFORD LAKE WORTH LAVON LAKE LEWISVILLE LAKE LOST CREEK RESERVOIR MOUNTAIN CREEK LAKE NAVARRO MILLS LAKE NEW TERRELL CITY LAKE NORTH LAKE RANDELL LAKE RICHLAND-CHAMBERS RESERVOIR TRINIDAD LAKE VALLEY LAKE WHITE ROCK LAKE COFFEE MILL LAKE LAKE KIOWA P t O k Bend Ta ty t y Gar e t Bardwel Pa e A ma Terrel Retrea Cors cana O k V y Br dgeport A gy McLendon-Chisholm Hudson Oaks W Par Wea he fo d W H s B b k Fores H l Edg f V g Eve man Sag naw B ue Mound Lakes de Nor h ake H t Roanoke W h V g Wh e Se em n L k W h Crow ey Bedfo d E Sou h ake D h g Ga de s M f d Ke edale A l ngton A P t Weston N H p Lowry Cross ng Fai v ew H C y R ch and H ls Hu s Wa auga P ot Po Ce na Hackbe ry P p Aurora Rhome Royse C y Fa e W k K l T ophy Club Co eyvi e Al en Mu phy M Ki y H cko y C eek Grapev ne F owe Mound The Colony L t e E m Hebron L F isco B l h Spr ngs Cockrel H l Duncanv e H ghland Pa k DeSoto Coppel Car o l on Ceda Hil Farme s B anch Addison Seagov e Grand Pra r e Rockwa l Hea h rv ng Un vers y Pa k Maypear Pecan Hi Oak Lea R d O k Midloth an Pe can Bay Reno S P k Az e Me issa Mi o d Ch Row e t St Paul Lavon S y Lucas R chardson Wy Gar and Parker Sachse Da as P ano Mesqu te Hutch ns Lancaster Ferr s W mer Waxahach e G ays Prairie R ce Emhouse Kerens Powel Good ow B y Bloom ng Grove M d d Angus Mustang Na arro Rich and D A vo d Runaway Bay Parad se B yd Cool Eu eka New Fa rv ew D SH Oak Point C oss Roads Sanger G e Heigh s Ov l a Denton Ba onv e C pp Canyon F y Mob e C ty Farmersv le Nevada Lake Da K Scu y Oak Grove Rosser C t d B ue R dge Joseph ne L nco n Park K ugerv e Aub ey Cor a Ci y Cor nth Kemp Mabank C b Ne a k Jus n C a da l K m Fros L k B idg p Oak Ridge Sanctuary Shady Shores Anne a Nor h Deca ur Ennis M sap Anne a Anne ta Sou h A edo Spr ng own Ponde S t K rv n Wor ham Teague F i d Bryson Jacksboro Wh tew igh Trenton Ba ey Eus ace A hens Sta Ha bo Tr n dad Honey Grove Dodd C y Ec or W d Muenster Oak R dge Knol wood Payne Sp g Too T B B h Va ley V ew Sh Dorchester Be ls Southmayd Co l nsv e Wh tesboro T oga G Howe Den son Enchan ed Oaks Ga nesv l e S d Pot sboro Caney C ty Ma ako f Ca isbu g Ra e a L d y Leonard Log Cab n Sa oy Ladon a Seven Points Gun Bar e C y Van A s y e B z River T r ni t y R ver Henderson Freestone Wise Denton Collin Rockwall Parker Dallas Tarrant Kaufman Ellis Navarro Jack Grayson Cooke Fannin F E A C H K N B M P Regional Water Planning Area - C - Region C S 1 675 000 1 0 N h Co g s A e u O B 3 3d 1 - 3- 8 D CLA M R p g p g G Ge g a h n ma o S em e No c a m h h h y p M JA -2 1 h W D d TWDB p « 0 10 20 5 M es RED SULPHUR BRAZOS TRINITY S A B I N E BRAZOS County Boundar es Ma or Reservo s and Lakes Ma or R ve Bas ns Ma or R ve s and C eeks C es To s a d V ages C - Reg on C 2070 Supplies for Water Providers in Region C (Acre-feet per year) Regional Water Planning Area— Region C COSTS & INCENTIVES | UTILITIES— WATER, SEWER, GAS, AND TELECOMMUNICATIONS Source: Dallas Water Utilities, Region C Water Planning Group *Total includes other providers Source: Dallas Water Utilities Wholesale Water Provider Available New Strategies Total % From Conservation & Reuse Dallas Water Utilities 500,097 436,063 936,160 33.1% Tarrant Regional Water District 471,897 539,990 1,011,887 31.4% North Texas Municipal Water District 400,272 635,961 1,036,233 28.9% City of Fort Worth 282,992 250,890 533,882 31.0% Trinity River Authority 155,466 156,582 312,048 36.2% Upper Trinity Regional Water District 54,586 141,328 195,914 27.1% Greater Texoma Utility Authority 22,679 75,549 98,228 15.1% Total for Region C* 1,590,440 1,869,546 3,459,986 2070 Demand in Region C 2,898,540
Natural Gas Rates*
The Barnett
*Rates are for Dallas only—different rates apply to other cities and unincorporated areas. Excludes additional charges such as gas cost recovery, weather normalization, taxes and fees. Industrial commodity charge is based on level of MMBtu’s used. Rate is current as of October 1, 2023, and is subject to change.
The Barnett Shale is one of the largest natural gas fields in North America. Exploration, drilling, and production in the Barnett Shale have transformed the economy with thousands of jobs and millions of dollars in investment, and contributed to opportunities and prosperity for the entire region.
Major U.S. Internet Peering Points
Portland
Bay Area
Minneapolis
Kansas City
Connectivity is a core strength of Dallas–Fort Worth. It is one of the primary peering points of all U.S. internet traffic, enabling companies located here to have fast and reliable access to the world’s telecommunications infrastructure. Dallas-
Northern Virginia Boston
Atlanta
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 157
Telecommunications
Fort Worth Miami
New York Chicago Seattle Los Angeles COSTS & INCENTIVES | UTILITIES—WATER, SEWER, GAS, AND TELECOMMUNICATIONS
Phoenix
Natural Gas
Customer Charge per Month Commodity Charge/CcF Residential $28.50 $0.28374 Commercial $62.00 $0.11907 Industrial $1,269.15 $0.3838 (0-1,500 MMBtu) $0.2800 (1,501-5,000 MMBtu) $0.0441 (over 5,000 MMBtu)
Shale Source: Atmos Energy
Taxes and Union Activity
Increasing business costs combined with ever-constrictive regulatory environments contribute to the rise of a business’s risks and costs. Tax burdens and labor requirements imposed on businesses create barriers to market entry and real estate development.
Texas is a low-tax, business-friendly, rightto-work state. Companies from all over the United States and around the world come to do business in Texas because of low costs, central location, and an industry environment favorable to growth and development.
Because Texas is a right-to-work state— meaning employees are not required to join unions—it places high in favorable business climate rankings. The DFW area has extremely low union activity compared with other regions.
Sales Tax Rate
State: 6 1/4% (0.0625)
City: 1/4%-2% (0.0025 - 0.02), depending on local option rate
County: 1/2%-1 1/2% (.005 - 0.015), depending on local option rate
Transit: 1/4%-1% (.0025 - 0.01), depending on local option rate
Special Purpose Districts: 1/8% - 2% (.00125 - 0.02), depending on local option rate
DFW Communities Sales Tax Sample
Texas Franchise Tax
Each taxable entity formed in Texas or doing business in Texas, such as corporations, LLCs, banks, and partnerships, must file franchise tax reports. This tax applies only to entities earning above a certain threshold. For example, in 2024, entities earning up to $2.47M will pay no franchise taxes. The tax does not apply to sole proprietorships, general partnerships with individual owners, or certain trusts, among others.
Texas Franchise Tax Rates
n 0.75% (0.0075) of margin for most taxable entities
n 0.375% (0.00375) for qualifying wholesalers and retailers
n 0.331% (0.00331) for those entities with $20 million or less in Total Revenue (annualized per 12-month period on which the report is based)
More information is available by contacting the Texas Comptroller of Public Accounts at 1-800-252-1381 or visiting https://comptroller.texas.gov/taxes/franchise/
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 158 COSTS & INCENTIVES | TAXES AND UNION ACTIVITY
CITY STATE RATE CITY RATE OTHER RATE OTHER TYPE TOTAL RATE Plano 0.0625 0.0100 0.0100 MTA 0.0825 Dallas 0.0625 0.0100 0.0100 MTA 0.0825 Denton 0.0625 0.0150 0.0050 CTA 0.0825 Fort Worth 0.0625 0.0100 0.0100 MTA, CCD 0.0825 MTA = Metropolitan Transit Authority; CCD = Crime Control District; CTA = County Transit Authority Source: Texas Comptroller’s Office
Texas does not collect n Personal Income Tax (State or Local) n Local Occupation Tax n Local Wage Tax n State Property Tax Phoenix Miami Dallas Houston Atlanta Denver Kansas City Boston Chicago Minneapolis San Diego Los Angeles Detroit Philadelphia San Francisco Seattle New York 4.7 4.8 4.9 5.5 5.7 9.2 9.9 12.0 13.6 13.6 14.3 14.5 14.9 15.5 16.4 17.1 20.2 0% 5% 10% 15% 20% 25% % employed workers covered by collective bargaining agreements Source: Current Population Survey (CPS) Outgoing Rotation Group (ORG) Earnings Files, 2021 compiled by Unionstats.com
in Selected Metros STATE BUSINESS CLIMATE RANKING Chief Executive Magazine
Union Activity
2023 Dallas-Fort Worth Property Tax Rates
COUNTIES RATE
Collin $0.149343
Dallas $0.215718
Denton $0.189485
Ellis $0.272532
Hunt $0.336000
Johnson $0.385000
Kaufman $0.411458
Parker $0.287098
Rockwall $0.276000
Tarrant $0.194500
Wise $0.265000
CITIES
Addison $0.609822
Allen $0.420500
Anna $0.510717
Arlington $0.589800
Azle $0.568874
Balch Springs $0.794629
Bedford $0.495726
Benbrook $0.565000
Burleson $0.632500
Carrollton $0.553750
Cedar Hill $0.646525
Celina $0.612154
Cleburne $0.581318
Cockrell Hill $0.772596
Colleyville $0.260991
Commerce $0.798909
Coppell $0.491818
Corinth $0.520000
Crowley $0.594890
Dallas $0.735700
Decatur $0.581168
Denton $0.565682
DeSoto $0.685092
Duncanville $0.646034
Ennis $0.664000
Euless $0.457500
Everman $1.036080
Fairview $0.311683
Farmers Branch $0.569000
Fate $0.264210
Flower Mound $0.387300
Forest Hill $0.724094
Forney $0.366533
Fort Worth $0.672500
Frisco $0.432205
Garland $0.689746
Glenn Heights $0.564729
Grand Prairie $0.660000
Grapevine $0.250560
Greenville $0.559000
Haltom City $0.567283
Heath $0.277493
Hickory Creek $0.236686
Highland Park $0.220530
Highland Village $0.501394
Hurst $0.581150
Hutchins $0.630082
Irving $0.589100
Joshua $0.651229
Kaufman $0.760000
Keene $0.834134
Keller $0.312000
Kennedale $0.706190
Krum $0.616312
Lake Dallas $0.528023
Lake Worth $0.380557
Lancaster $0.639004
Lewisville $0.419079
Little Elm $0.589900
Lucas $0.256758
Mansfield $0.659293
McKinney $0.427513
Melissa $0.454728
Mesquite $0.690000
Midlothian $0.650000
Murphy $0.408046
North Richland Hills $0.489389
Parker $0.322680
Plano $0.417600
Princeton $0.440226
Prosper $0.510000
Red Oak $0.696886
Richardson $0.560950
Richland Hills $0.522689
River Oaks $0.660210
Roanoke $0.308039
Rockwall $0.270245
Rowlett $0.710400
Royse City $0.584000
Sachse $0.650416
Saginaw $0.498769
Sanger $0.689747
Sansom Park $0.667886
Seagoville $0.728004
Southlake $0.319000
Sunnyvale $0.453000
Terrell $0.764200
The Colony $0.642500
Trophy Club $0.415469
University Park $0.236226
Watauga $0.570200
Waxahachie $0.610000
Weatherford $0.399000
White Settlement $0.667233
Willow Park $0.397597
Wylie $0.538882
SCHOOLS
Aledo ISD $1.207500
Allen ISD $1.141200
Alvarado ISD $1.169200
Alvord ISD $0.882200
Anna ISD $1.257500
Argyle ISD $1.214515
Arlington ISD $1.115600
Aubrey ISD $1.257500
Avalon ISD $0.817100
Azle ISD $1.025000
Birdville ISD $1.203100
Bland ISD $0.869400
Bland ISD $0.869400
Blue Ridge ISD $1.257500
Boles ISD $1.016000
Boyd ISD $0.859200
Bridgeport ISD $1.061170
Brock ISD $1.257500
Burleson ISD $1.257500
Caddo Mills ISD $1.257500
Campbell ISD $0.669200
Carroll ISD $1.002500
Carrollton-Farmers
Branch ISD $0.983600
Castleberry ISD $1.199200
Cedar Hill ISD $1.132600
Celeste ISD $0.927500
Celina ISD $1.238100
Chico ISD $0.789746
Cleburne ISD $1.211900
Commerce ISD $1.257500
Community ISD $1.257500
Cooper ISD $0.917500
Coppell ISD $1.053500
Crandall ISD $1.354600
Crowley ISD $1.257500
Cumby ISD $1.237500
Dallas ISD $1.013835
Decatur ISD $0.902900
Denton ISD $1.159200
DeSoto ISD $1.072800
Duncanville ISD $1.082800
Eagle Mountain-Saginaw ISD $1.247200
Ennis ISD $1.217500
Era ISD $0.908000
Everman ISD $1.094146
Fannindel ISD $0.837500
Farmersville ISD $1.181700
Ferris ISD $1.143100
Forney ISD $1.289200
Fort Worth ISD $1.062400
Frisco ISD $1.027500
Frost ISD $1.001500
Garland ISD $1.053200
Garner ISD $0.727500
Godley ISD $1.289200
Granbury ISD $0.934200
Grand Prairie ISD$1.095050
Grandview ISD $0.998900
Grapevine-Colleyville ISD $0.924700
Greenville ISD $0.969200
Highland Park ISD $0.892700
Hurst-Euless-Bedford ISD $0.921100
Irving ISD $1.028100
Italy ISD $1.076000
Jacksboro ISD $1.129200
Joshua ISD $1.087200
Kaufman ISD $1.084800
Keene ISD $1.048900
Keller ISD $1.087500
Kemp ISD $0.976733
Kennedale ISD $1.137500
Krum ISD $1.232100
Lake Dallas ISD $1.257500
Lake Worth ISD $1.257500
Lancaster ISD $1.226700
Leonard ISD $1.227500
Lewisville ISD $1.130100
Lipan ISD $1.081400
Little Elm ISD $1.227500
Lone Oak ISD $1.159200
Lovejoy ISD $1.257500
Mabank ISD $0.949200
Mansfield ISD $1.149200
Maypearl ISD $0.978900
McKinney ISD $1.127500
Melissa ISD $1.257500
Mesquite ISD $1.099200
Midlothian ISD $1.109200
Milford ISD $0.804400
Millsap ISD $1.072100
Mineral Wells ISD$1.042300
Northwest ISD $1.090200
Palmer ISD $1.052500
Paradise ISD $0.711200
Peaster ISD $1.169200
Perrin-Whitt CISD$0.799200
Pilot Point ISD $1.026260
Plano ISD $1.077850
Ponder ISD $1.242300
Poolville ISD $0.857500
Princeton ISD $1.257500
Prosper ISD $1.257500
Quinlan ISD $0.927500
Red Oak ISD $1.105600
Richardson ISD $1.143100
Rio Vista ISD $1.183300
Rockwall ISD $1.019200
Royse City ISD $1.257500
Sanger ISD $1.147400
Scurry-Rosser ISD $1.036300
Slidell ISD $1.022500
Springtown ISD $0.957800
Sunnyvale ISD $1.189200
Terrell ISD $1.068200
Trenton ISD $1.257500
Van Alstyne ISD $1.225100
Venus ISD $1.180700
Waxahachie ISD $1.170400
Weatherford ISD $1.036500
White Settlement ISD $1.209200
Whitewright ISD$0.986300
Wills Point ISD $0.736200
Wolfe City ISD $0.941900
Wylie ISD $1.212500
OTHER
Collin County Junior College District (CCD) $0.081220
Dallas College District (CCD) $0.110028
Dallas County Parkland Hospital (HD) $0.219500
Dallas County School Equalization (SET) $0.010000
Tarrant County College (CCD) $0.112170
Tarrant County Hospital (HD) $0.194500
Tarrant County Water District (WD) $0.026700
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 159 COSTS & INCENTIVES | TAXES AND UNION ACTIVITY
Property Tax Information SOURCE: Texas Comptroller of Public Accounts City County School District Other Total Plano $0.417600 Dallas $0.735700 Denton $0.560682 Fort Worth $0.672500 Collin $0.149343 Dallas $0.215718 Denton $0.189485 Tarrant $0.194500 Plano ISD $1.077850 Dallas ISD $1.013835 Denton ISD $1.159200 Fort Worth ISD $1.062400 SET = School Equalization Tax; HD = Hospital District; WD = Water District; CCD = Community College District CCD $0.081220 $1.726013 SET $0.110028 HD $0.219500 $2.304781 CCD $0.010000 $1.914367 WD $0.112170 HD $0.194500 $2.262770 CCD $0.026700 for DFW Communities 2023 Rate, Per $100 of Taxable Valuation
Sample
Real Estate— Office
Dallas-Fort Worth continued to top MSCI, Inc.’s list of top commercial real estate investment markets in 2023 with nearly $19 billion in traded properties, even as U.S. transactions shrank by 51% over the prior year. Transactions included the $576 million purchase of the CityLIne office tower campus in Richardson, the 7th biggest deal of the year nationally.
Looking forward, DFW was CBRE’s top pick for most preferred real estate invesment markets for the third consecutive year, as well as the top market for total property returns in their 2024 U.S. Investor Intentions Survey. And the annual ULI/PwC Emerging Trends in Real Estate report scored DFW as a top five metro area to buy, build, and finance property in 2024.
Office space in the DFW area is concentrated in key areas. These include:
n The Dallas and Fort Worth Central Business Districts;
n Developments along Interstate 35E, North Central Expressway, and Dallas North Tollway corridors, between downtown Dallas and its northern suburbs; and
n Master-planned developments, including Irving’s Las Colinas, Fort Worth’s AlianceTexas, Plano’s Legacy West, and Richardson’s CityLine, among many others.
In terms of continued demand, Cushman & Wakefield found that DFW is the top U.S. market for office construction with more than 6.0 million square feet under construction in the fourth quarter of 2023, much of which has already been accounted for by large financial institutions including Goldman Sachs in Uptown, Wells Fargo in Las Colinas, TIAA at The Star in Frisco, and Bank of America in Uptown.
DFW Commercial Office Space: Attractive Rents With an Abundance of Choices
The Dallas-Fort Worth region offers a multitude of options for companies looking to operate here. From multitenant buildings in the urban core and CBDs to office parks throughout the region, many companies have discovered DFW to be a strategic and cost-effective location.
Largest Office Parks
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 160 COSTS & INCENTIVES | REAL ESTATE - OFFICE 1 Alliance Texas 2 City Center 3 CityLine 4 Colonnade 5 Convergence Business Park 6 Cypress Waters 7 Dallas Market Center 8 DFW Freeport Park 9 Duke Bridges 10 Element Towers 11 Energy Square 12 Ericsson Village 13 Forest Plaza 14 Frisco Station 15 Galatyn Commons 16 Galleria Office Towers 17 Granite Park 18 Hall Park 19 Harwood District 20 Hidden Ridge 21 International Business Park 22 International Plaza 23 Las Colinas 24 Legacy Business Park 25 Legacy Central 26 Lincoln Centre 27 Mercantile Center 28 Offices of Austin Ranch 29 Old Parkland 30 One Arts Plaza 31 Overton Centre 32 Park West 33 Parkway Centre 34 Pegasus Park 35 Plano Gateway 36 Regent Center 37 Royal Ridge Office Park 38 Royal Tech Business Center 39 Solana Office Park 40 Stonebridge Ranch 41 Sundance Square 42 The Apex at Las Colinas Crossing 43 The Campus at Legacy West 44 The Centre Office Park 45 The Crescent Office Towers 46 The Crossings 47 The Gild 48 The Star 49 Towers at Park Central 50 Towers at Williams Square 51 Victory Park 52 Western Place
Market View
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 41 26 23 19 16 14 9 8 7 6 5 4 3 2 1 52 51 50 49 48 47 46 45 44 43 42 40 39 38 37 36 35 34 33 32 31 30 29 28 27 25 24 22 21 20 18 17 15 13 12 11 10 23 41 Dallas CBD East Dallas Far North Dallas Las Colinas LBJ Freeway Lewisville/Denton
Center Central Expressway Southwest Dallas Stemmons Freeway Uptown/ Turtle Creek Fort Worth CBD Mid-Cities North Fort Worth South Fort Worth Mid-Cities Richardson/Plano Northeast Fort Worth Central Expressway 10,467,424 23.1% $38.00 Dallas CBD 25,652,592 30.4% $32.35 East Dallas 3,008,873 28.2% $33.03 Far North Dallas 45,389,503 25.6% $34.74 Fort Worth CBD 8,159,730 13.2% $35.85 Las Colinas 34,115,892 28.3% $30.71 LBJ Freeway 19,138,682 26.4% $30.34 Lewisville / Denton 3,818,217 22.8% $25.89 Mid Cities 14,986,769 31.7% $23.42 NE Fort Worth 1,653,284 10.9% $17.80 North Fort Worth 2,917,126 18.2% $22.44 Preston Center 4,722,996 12.5% $47.60 Richardson / Plano 25,562,426 22.0% $24.86 South Fort Worth 5,665,229 22.7% $31.94 Stemmons Freeway 8,076,290 24.9% $21.15 SW Dallas 1,841,811 34.1% $24.16 Uptown/Turtle Creek 13,822,181 22.2% $49.45 Market Totals 228,999,025 25.3% $32.05
Preston
Major Office Building/Park COSTS & INCENTIVES | REAL ESTATE—OFFICE Source: JLL 161 Major Market Cluster Inventory (SF) Total Vacancy Rate Avg. Asking Rate ($/SF) Major Market Cluster Inventory (SF) Total Vacancy Rate Avg. Asking Rate ($/SF)
Real Estate— Industrial
Dallas-Fort Worth was second in the nation in industrial commercial real estate development in 2023 adding 34 million square feet to the pipeline during a major market slowdown that shrank new supply by 40% nationally over the previous year. Sales volume decreased by half over the same period, though DFW saw the third most sales behind Los Angeles and the Inland Empire according to the Commercial Edge National Industrial Report.
Industrial space is distributed throughout the Dallas-Fort Worth region with concentrations that include:
n Fort Worth’s AllianceTexas;
n Areas surrounding Dallas Fort Worth International Airport;
n The Inland Port in southern Dallas County, along Interstate 20 and U.S. Highway 67;
n Suburbs including Arlington, Garland, Grand Prairie, and Coppell; and
n Developments along the Interstate 35E corridor between Dallas and Lewisville.
Prior to the current slowdown, the DFW industrial market had strengthened over the past several years, spurring significant new developments throughout the region. The majority of construction continues to occur in southern Dallas County and the North Fort Worth market, but new industrial centers in Denton, Midlothian, and around DFW Airport continue to see development.
Observers credit the strength of the regional economy, as well as low taxes and labor costs, for sustaining DFW as a desirable market for real estate investment.
DFW Industrial Space: A Logistics, Distribution, and Manufacturing Hub
Dallas-Fort Worth’s
Largest Industrial Parks
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 162 COSTS & INCENTIVES | REAL ESTATE— INDUSTRIAL 1 35 Eagle 2 635 Industrial District 3 Alliance Center 4 Alliance Center North 5 Alliance Gateway 6 Alliance Northport 7 Alliance Texas (Industrial) 8 Alliance Westport 9 Arlington South Industrial Park 10 Austin Ranch Distribution Center 11 Carter Industrial Park 12 CentrePort Business Park (Industrial) 13 Dalport Trade Center 14 DFW Trade Center 15 Ennis Industrial Rail Park 16 Fossil Creek Business Park 17 Frankford Trade Center 18 Freeport North 19 Grand Lakes Distribution Center 20 Great Southwest Industrial Park 21 International Commerce Park 22 Lakeside Trade Center 23 Logistix Hub South Dallas 24 Majestic Airport Center DFW 25 Mercantile Center (Industrial) 26 Mercer Business Park 27 Mountain Creek Business Park 28 Northlake Business Center 29 Park 20/360 30 Passport Business Park 31 Pinnacle Industrial Center 32 Point West 33 PointSouth Logistics & Commerce Centre 34 Prime Pointe 35 Prologis Dallas Corporate Center 36 Prologis Park 20/35 37 Railhead Industrial Park 38 RailPort Industrial Park 39 Research/Technology Crossroads 40 Riverbend Business Park 41 RiverPark Business Park 42 Sentry Industrial Park 43 Skyline Business Park 44 Southfield Park 35 45 Southport Logistics Park 46 Stoneridge Business Park 47 Sunridge Business Park 48 Trinity Mills 49 Turnpike Distribution Center 50 Valwood Business Park 51 Waters Ridge Business Park
central U.S. location provides an advantageous distribution hub with quick access to rail, air, and short- and long-haul truck transportation.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE North Fort Worth Northwest Dallas DFW Airport East Dallas South Dallas South Fort Worth Great Southwest/ Arlington Northeast Dallas South Stemmons 9 8 7 6 5 4 3 2 1 51 50 49 48 47 46 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 27 25 24 23 22 21 20 19 17 15 13 11 10 45 44 28 26 18 16 14 12 Ennis Major Market Cluster Inventory (SF) Total Vacancy Rate NNN Direct Rent ($/SF) DFW Airport 90,197,852 7.0% $11.27 East Dallas 63,576,858 12.1% $7.18 Great SW/Arlington 120,194,562 4.4% $9.27 North Fort Worth 143,189,446 9.7% $6.58 Northeast Dallas 107,215,300 5.2% $10.19 Northwest Dallas 110,381,915 6.4% $7.94 South Dallas 153,519,773 12.2% $7.73 South Fort Worth 106,238,595 6.6% $7.11 South Stemmons 111,969,827 5.9% $10.07 Market Totals 1,011,665,691 7.8% $8.64
Major Industrial Building/Park COSTS & INCENTIVES | REAL ESTATE—INDUSTRIAL Source: CoStar 163
Market View
Real Estate— Retail
The Dallas-Fort Worth retail real estate market began 2024 with the highest occupancy rate on record at 95.2%. According to the Weitzman Group, this market has persisted and learned from a real estate crash, the decline of malls, retail chain failures, e-commerce, and the pandemic. Weitzman’s annual forecast concludes that retail space stands to be a strong perfomer in 2024 after adding 1 million square feet in 2023. Grocery stores will lead the way in active new construction with at least 14 to open or get underway.
Live, Work, and Play
The development of higher density, mixed-use centers offers unique opportunities to both businesses and residents in the Dallas- Fort Worth region.
Examples include:
Addison Circle—Addison
Bishop Arts—Dallas
CityLine—Richardson
Cypress Waters—Dallas
Eastside—Richardson
Frisco Station—Frisco
Frisco Town Square—Frisco
Granite Park—Plano
Highland Park Village—Highland Park
Legacy Town Center—Plano
McKinney Urban Village—McKinney
Magnolia Street—Fort Worth
Midtowne—Midlothian
Mockingbird Station—Dallas
Montgomery Place —Fort Worth
Museum Place—Fort Worth
Park Lane Place—Dallas
Parker Square—Flower Mound
Rockwall Commons—Rockwall
Southlake Town Square—Southlake
Southside on Lamar—Dallas
Sundance Square—Fort Worth
Victory Park—Dallas
Watters Creek—Allen
West Village Dallas
In addition, historic downtowns are being redeveloped into attractive regional destinations, including downtowns in Plano, McKinney, Denton, Carrollton, and Grapevine.
DFW Retail Centers: Opportunities at Every Intersection
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 164 COSTS & INCENTIVES | REAL ESTATE— RETAIL 1 Allen Central Market 2 Allen Premium Outlets 3 Alliance Town Center 4 Arlington Highlands 5 Bardin Place Center 6 Casa Linda Plaza 7 DFW Music City Mall 8 Fairview Town Center 9 Firewheel Town Center 10 Galleria Dallas 11 Golden Triangle Mall 12 Grand Prairie Premium Outlets 13 Grandscape 14 Grapevine Mills 15 Highland Park Village 16 Hillside Village 17 Hulen Mall 18 Irving Mall 19 Lewisville Towne Crossing 20 Montgomery Plaza 21 North East Mall 22 NorthPark Center 23 Preston Towne Crossing 24 Ridgmar Mall 25 Southlake Town Square 26 Stonebriar Centre 27 Tanger Outlets—Fort Worth 28 The Parks at Arlington 29 The Shops at Clearfork 30 The Shops at Highland Village 31 The Shops At Legacy 32 The Shops at RedBird 33 The Shops At Willow Bend 34 Town East Mall 35 Village at Camp Bowie 36 Watters Creek
Largest Retail Centers
National Retail Federation Top Retailers in Dallas-Fort Worth Rank Company Headquarters Location U.S. Retail Sales ($B) Number of Stores 19 7-Eleven Irving $30.15 12,645 24 AT&T Wireless Dallas $21.28 1,450 54 Army & Air Force Exchange Dallas $7.88 896 59 J.C. Penney Co. Plano $7.12 661 81 Michaels Stores Irving $5.26 1,142 90 Exxon Mobil Corporation Irving $4.65 3,256 91 Neiman Marcus Dallas $4.61 45
Market View
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE West Dallas Southwest Dallas East Dallas Outlying Central Dallas Central Fort Worth North Central Dallas Near North Dallas Southeast Dallas Far North Dallas Mid-Cities Suburban Fort Worth Suburban Fort Worth Mid-Cities 9 8 7 6 5 4 3 2 1 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10
Major Retail Centers Source: CoStar COSTS & INCENTIVES | REAL ESTATE—RETAIL Major Market Clusters Inventory (SF) Vacant (SF) Occupancy Rate NNN Direct Rent ($/SF) Central Dallas 22,167,003 775,425 96.5% $27.13 Central Fort Worth 38,152,108 1,999,301 94.7% $17.82 East Dallas Outlying 10,362,209 213,850 97.8% $23.98 Far North Dallas 82,934,013 3,855,294 94.9% $21.60 Mid-Cities 75,455,734 3,444,419 95.4% $19.41 Near North Dallas 27,323,468 943,817 96.5% $17.80 North Central Dallas 50,557,511 2,383,587 95.3% $26.91 Southeast Dallas 22,164,562 782,109 96.4% $16.54 Southwest Dallas 27,180,616 1,387,382 94.7% $15.49 Suburban Fort Worth 45,491,550 1,860,989 95.9% $18.69 West Dallas 45,427,308 1,707,989 96.2% $17.61 Market Totals 467,959,877 20,267,687 95.6% $20.30 165
Corporate Business Climate
The Dallas-Fort Worth area is home to a diverse array of corporate headquarters— and for good reason. The region possesses tremendous assets and resources.
Recovery from the pandemic-induced economic disruption was uneven throughout the U.S. However, the DallasFort Worth region not only weathered the downturn better than most other metro areas, but recovered more quickly to resume growth.
Difficult business climates in California, Illinois, and other heavily populated states stand in stark contrast to the operating environment in Texas and throughout DFW. Texas has won Site Selection Magazine’s Governor’s Cup 11 consecutive times, while Area Development Magazine continues placing the Lone Star State on top for driving economic growth and attracting new businesses.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 166
0% 1 Corporate Income Tax Rate 5 Sales Tax Rate 5 6.25% 3 Yes Right to Work State 6 CNBC State Business Rank 9 #5 #1 CEO Magazine Business Climate Rank 10 Personal Income Tax Rate 5 0% 0.75% 2 Franchise Tax 5 State Labor Force 7 15,147,835 93.34 Cost of Doing Business 8 Cost of Living Index 11 102.3 (Dallas) / 94.1 (Fort Worth) 98.2 (Dallas) / 83.5 (Fort Worth) Housing Cost Index 11 Average Price/SqFt for CBD Office 12 Average Price/SqFt for Industrial 12 $32.41 (Dallas) / $29.68 (Fort Worth) $8.01 (Dallas/Fort Worth) $35.63 (Dallas) / $28.09 (Fort Worth) Average Price/SqFt for Suburb Office 12 Texas 1 Taxable entities are subject to a franchise tax on taxable margin. 2 0.375% is the rate for taxable entities primarily engaged in retail or wholesale trade; taxable entities with revenues of $2,470,000 or less owe no tax; taxable entities with tax due of less than $1,000 owe no tax. 3 The State of Texas sales tax rate is 6.25% + local rate of up to 2.0%. California 1 Special rates for S corporations and financial institutions. 2 Income brackets are adjusted annually for inflation. Plus millionaire tax (i.e., 1% surcharge on taxable income exceeding $1 million). 3 The State of California sales tax rate is 6% with an added mandatory local rate of 1.25% + local optional rate of up to 3.5%. Illinois 1 Additional 2.5% personal property replacement tax; 1.5% for S corporations, partnerships, and trusts. 2 0.1% allocated paid-in capital (0.15%, 1st time or added paid-in capital). Min. $25; max. $2 million plus 0.10% 1st capital. The first $5,000 in liability is exempt. 3 The State of Illinois sales tax rate is 6.25% + local rate of up to 4.75%. Texas COSTS & INCENTIVES | CORPORATE BUSINESS CLIMATE Texas DFW Metro Region DallasFort Worth A Great Place to Do Business
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 6,597,478 8.84% 1 7.25% 3 No #29 #50 1%-12.3% 2 0% 19,207,991 115.55 149.5 (Los Angeles) $37.10 (Los Angeles) $18.93 (Los Angeles) 236.8 (Los Angeles) $36.90 (Los Angeles) 17.07 (San Francisco) $72.86 (San Francisco) $22.68 (San Francisco) 290.1 (San Francisco) $74.83 (San Francisco) 7.0% 1 6.25% 3 No #19 #48 5% 0.1% 2 6,404,211 99.59 113.7 (Chicago) $48.85 (Chicago) $7.15 (Chicago) 138.4 (Chicago) $30.46 (Chicago) 6.5% 1 4.0% 3 No #36 #49 4%-10.9% .1875% 2 9,645,984 94.68 226.5 (NY Manhattan) $80.98 (NY Manhattan) $28.26 (NY Outer Boroughs) 503.6 (NY Manhattan) $35.07 (NY Long Island) Chicago New York San Francisco Los Angeles California New York Illinois New York 1 For taxpayers with an income base of over $5 million, the tax rate is 7.25% (through 2026). Taxpayers pay the highest tax computed on three alternate bases. The tax rate on business income base for qualified New York manufacturers is 0%. 2 0.1875% for each dollar of the taxpayer’s total business and investment capital allocated to New York. Fixed dollar minimum tax. 3 The State of New York sales tax rate is 4.0% + up to 4.875% local tax. All States 5 Source: Thomson Reuters 6 Source: National Conference of State Legislatures 7 Source: LAUS, BLS, Dec 2023 (preliminary, seasonally adjusted) 8 Source: 2022 Moody’s North American Business Cost Review, Q3 2022 (U.S. average = 100) 9 Source: CNBC America’s Top States for Doing Business in 2023 10 Source: CEO Magazine’s 2023 Best and Worst States for Doing Business 11 Source: ACCRA Cost of Living Index, 2023 Annual Average Data (U.S. average = 100). Note: Results are for the MSA primary city 12 Source: Cushman & Wakefield, Q4 2023 Office and Q4 2023 Industrial Marketbeat COSTS & INCENTIVES | CORPORATE BUSINESS CLIMATE 167
State and Local Incentives
North Texas is a great place to live, work, and do business, which is due, in part, to incentive programs that support job growth, attract innovation, and promote equitable economic development.
For example, to help maintain the low cost of doing business, the city of Dallas has polices that include tax abatement; community and economic development loans and grants; a pre-development assistance fund; an infrastructure investment fund for things like internet connectivity, streetscape enhancements, and sidewalk improvements (including ADA accessibility improvements and lighting infrastructure); New Market Tax Credits; and more.
The city of Fort Worth offers a number of incentives which it uses to attract development and create neighborhood stabilization. These are available for property owners and/or nonprofit organizations that want to restore or repair existing housing structures. Additionally, Fort Worth has identified 31 commercial districts in the queue for revitalization.
What follows are other examples of why developers often bring their catalytic projects to North Texas.
Local incentives
Governments across Dallas-Fort Worth were given authority to offer incentives to businesses or developers in Chapter 380/381 agreements.
Type A and B Economic Development Corporations: A mechanism that allows cities to reward new and expanded business enterprises with cash incentives for project costs. Type A EDCs typically fund manufacturing and industrial development; type B EDCs can be used for everything under type A plus quality of life improvements like affordable housing, sports and athletic facilities, and public parks.
Tax Increment Financing District: A tool to spur investment by assessing the cost of infrastructure improvements to future tax revenues.
Tax abatements: Agreements to exempt tax on an increase in property value for up to 10 years for new businesses or the expansion or modernization of existing businesses. (This does not apply to school districts.)
State incentives
Freeport exemption: Property tax exemption for qualifying inventory that a business temporarily (175 days or less) stores in Texas—for the purpose of assembly, storage, manufacturing, processing, or fabricating— that will be sold out of state.
Goods-in-Transit exemption: Applies to goods acquired, imported, and shipped to another location in or out of state within 175 days.
The Texas Jobs, Energy, Technology, and Innovation Act: JETI was part of House Bill 5 in the 88th legislative session. It provides tax breaks on school property taxes to attract major capital investment in categories like manufacturing, energy, and research. All eligible categories are determined by the North American Industry Classification System (NAICS).
Texas Enterprise Fund: Grant program that the state can dip into when competing with other states on the same projects. Desirable projects must create jobs that meet wage requirements, spur capital investment, project a significant rate of return on public dollars being spent, and be supported by local taxing jurisdictions.
Texas Enterprise Zone program: Allows local communities to nominate businesses in or near state-approved areas for financial incentives commensurate with company investment dollars and the number of jobs created.
Manufacturing exemption: Waiving the 6.25 percent state sales and use tax on personal property used in the fabricating and manufacturing, or processing of tangible property for sale.
n Natural gas and electricity can also be exempted when it is used by manufacturing companies in the production of tangible personal property;
n Tangible property necessary to operate a data center may also be exempt—facility dimension and usage, job and salary requirements, and investment conditions are considered.
Research and Development tax credit:
Offers a choice between a franchise tax credit or state sales tax exemption for materials, software, and equipment used for qualified research and development, as defined under federal tax law.
Governor’s University Research Initiative (GURI): Grant money from the state that eligible Texas academic institutions can use to recruit researchers in STEM and medicine.
Skills Development Fund (SDF):
A grant program administered by the Texas Workforce Commission that provides customized job training from community or technical colleges to businesses seeking to upgrade employee technical skills, or recruit talent.
Texas Product Development and Small Business Incubator fund (PDSBI):
A revolving loan program designed to aid in the development, production, and commercialization of new or improved products, and to foster small business growth. Loan proceeds can be used for capital or operating expenditures with preference offered to certain industries, including semiconductors, nanotechnology, biotechnology, biomedicine, renewable energy, agriculture, and aerospace.
Federal Incentives
Foreign Trade Zones: Secured locations in or near a U.S. Customs Service port of entry where both foreign and domestic merchandise is considered international commerce and duty-free.
Opportunity zones: Tax provisions designed to spur economic development and job creation in undercapitalized communities, available for any corporation or individual with capital gains. Three tax benefits are available to those who qualify:
n Temporary deferral of taxes on previously earned capital gains;
n Basis step-up of previously earned capital gains invested;
n Permanent exclusion of taxable income on new gains.
Investors can take advantage of one or more of these benefits.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 168 COSTS & INCENTIVES | LOCAL, STATE, AND FEDERAL INCENTIVES
Relocation and Expansion Support
Economic incentives have helped support office, industrial, and mixed-use projects throughout North Texas.
1. Charles Schwab
Size: 500,000 SF
Product type: Office
Location: Westlake
Details: New $100 million campus construction.
Jobs: 1,200 new by 2026, potential for 5,000
Incentives: $6 million Texas Enterprise Fund grant; 10-year, diminishing property tax abatement plan and Chapter 380 sales tax reimbursement from Town of Westlake; and 10-year, 50% abatement on county ad valorem taxes.
5. MP Materials
Size: 200,000 SF
Product type: Industrial
Location: Fort Worth
Details: Rare earth metal, alloy, and magnet manufacturing facility.
Jobs: 150
Incentives: 7-year base ad valorem tax abatement of 45% of new value on real and personal property improvements.
9. Waterlogic
Size: 111,000 SF
Product type: Office
Location: Grapevine
Details: New North American HQ and Center of Excellence with a $1.6 million capital investment.
Jobs: 164
Incentives: $524,400 Texas Enterprise Fund grant.
2. Toyota
Size: 1 million to 1.5 million SF
Product type: Office
Location: Plano
Details: HQ relocation from California.
Jobs: 4,000
Incentives: $40 million Texas Enterprise Fund grant; $6.75 million grant from the city of Plano; 10-year, 50% property tax abatement, and 50% property tax rebate for 10 years following abatement.
6. McKesson
Size: 500,000 SF
Product Type: Office
Location: Irving
Details: Expansion included the purchase of an existing office building in Irving for shared services operations.
Jobs: 975
Incentives: $9.75 million Texas Enterprise Fund grant, and an additional $2 million in incentives from the city of Irving.
3. PGA of America
Size: 100,000 SF
Product type: Office
Location: Frisco
Details: HQ relocation from Florida, anchoring a $500 million mixed-use development that includes multiple golf courses.
Jobs: 100
Incentives: $1.5 million Texas Enterprise Fund grant; $62.5 million in state tax rebates; and local grant and tax rebate contributions.
7. TIAA
Size: 500,000 SF
Product type: Office
Location: Frisco
Details: $58 million corporate center.
Jobs: 2,000
Incentives: $18 million Texas Enterprise Fund grant and a $19,000 Veteran Created Job Bonus.
4. Texas Instruments
Size: 4.7 million SF
Product type: Industrial
Location: Sherman
Details: $30 billion semiconductor fabrication plant.
Jobs: 3,000
Incentives: 30-year, 90% property tax abatement and rebate from city and county; 25% water rate reduction for Phase I from city; 10-year property tax abatements from ISD and community college; and $1 million EDC grant.
8. MD7
Size: TBD
Product type: Office
Location: Allen
Details: $6.8 million U.S. HQ relocation of a mobile infrastructure company.
Jobs: 218
Incentives: $773,000 Texas Enterprise Fund grant, including a $10,000 Veteran Created Job Bonus.
11. Infosys Innovation Hub
Size: Adding to current 44K SF
Product type: Office
Location: Richardson
Details: Expanding Richardson operations with a Technology Innovation Hub.
Jobs: 500
Incentives: $3.1 million Texas Enterprise Fund grant; additional support from the city of Richardson.
Dallas
Fort Worth
13. Facebook
Size: Up to 2.5 million SF
Product type: Data Center
Location: Fort Worth
Details: $1 billion Facebook data center campus in Alliance will eventually include five buildings and will be powered by 100% renewable energy.
Jobs: 100+
Incentives: City grants on real and business personal property taxes over 20 years; 10-year abatement of up to 60% of property value for Tarrant County taxes and 40% for Tarrant County Hospital District taxes. The site will also use the state sales tax incentive on data centers.
14. Sunrider International
Size: 1 million SF
Product type: Industrial
Location: Midlothian
Details: New manufacturing facility and warehouse.
Jobs: 210
Incentives: 10-year, 55% property tax abatement from city and county; Midlothian Economic Development agreement for land purchase forgivable loan.
10. Wells Fargo
Size: 800,000 SF
Product Type: Office
Location: Irving
Details: $400 million office campus in Las Colinas.
Jobs: 4,000
Incentives: $5 million Texas Enterprise Fund grant; $31 million in TIF district funds and other economic incentives from the city of Irving.
15. The Kroger Co.
Size: 360,000 SF
Product type: Industrial
Location: Dallas
Details: Kroger built its fifth Ocado automated fulfillment center on a 56-acre plot of land in the southern Dallas Inland Port area.
Jobs: 400
Incentives: $5.7 million in property, business tax abatements and bond funds for the project from the city of Dallas.
12. Goldman Sachs
Size: 800,000 SF
Product type: Office
Location: Downtown Dallas
Details: $480 million office campus construction.
Jobs: 5,000
Incentives: $4.4 million in grants and $13.6 million in property tax abatements from the city of Dallas.
16. Niagara Bottling
Size: 1.2 million SF
Product type: Industrial
Location: Lancaster
Details: New beverage manufacturing operation.
Jobs: 70
Incentives: 50% real and business personal property tax rebate for 8- and 10-years, respectively; $1 million in partial sales tax rebates.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 820 35W 75 80 175 360 183 114 78 12 30 45 20 635 35W 35E 35E 161 30 35 20 20 121 35W 35E 75
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 COSTS & INCENTIVES | LOCAL, STATE, AND FEDERAL INCENTIVES
169
Texas Enterprise Fund
Recipients in the North Texas Region
Region Totals
(since TEF inception)
NOTE: Some awards and job totals may be divided between more than one region.
Top 50 TEF grant awards by amount offered *Project has reached completion of TEF contract
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 170 COSTS & INCENTIVES | LOCAL, STATE, AND FEDERAL INCENTIVES
Total Approved Recipients:
Total Grant Amount Offered: $285.0M Total Committed Capital Investment: $10.44B Total Committed New Jobs: 48,164
82
North Texas Region Company Industry Direct Jobs Capital Investment TEF Grant City 1 Texas Instruments/University of Texas at Dallas Semiconductors n/a $3,000,000,000 $50,000,000 Richardson 2 Toyota Motor North America, Inc. Automotive HQ Relocation 3650 $345,000,000 $40,000,000 Plano 3 Triumph Aerostructures Aerospace Manufacturing 3000 $598,000,000 $35,000,000 Dallas 4 Bank of America* Financial Services 3876 $200,000,000 $20,000,000 Richardson 5 TIAA Financial Services 2000 $57,980,000 $18,019,000 Frisco 6 Fidelity Global Brokerage Financial Services 850 $200,000,000 $8,500,000 Town of Westlake 7 Tyson Foods Food Processing 1600 $97,150,000 $7,000,000 Sherman 8 Charles Schwab & Co. Financial Services 1200 $100,000,000 $6,000,000 Westlake 9 McKesson Corporation Pharmaceutical Distribution 975 $157,000,000 $5,850,000 Irving 10 Texas Instruments Incorporated Semiconductor Manufacturing 488 $3,153,000,000 $5,124,000 Richardson 11 Wells Fargo Banking 650 $455,000,000 $5,001,100 Irving 12 Microsoft Corporation Computer Software Publishing 575 $31,400,000 $4,874,850 Irving 13 Gartner, Inc. IT Research and Advisory 800 $12,400,000 $3,900,000 Irving 14 Omnitracs LLC IT Services 450 $10,000,000 $3,900,000 Dallas 15 Kubota Tractor Corporation Agricultural Machinery Manufacturing 344 $51,000,000 $3,800,000 Grapevine 16 Ericsson, Inc. Telecom Equipment Mfg. 410 $134,000,000 $3,592,400 Lewisville 17 Comerica Financial Services 200 $16,250,000 $3,500,000 Dallas 18 CBRE, Inc Commercial Real Estate 460 $29,600,000 $3,450,000 Dallas 19 CBRE, Inc Commercial Real Estate 550 $13,000,000 $3,300,000 Richardson 20 Infosys Limited IT Consulting & Services 500 $12,300,000 $3,075,000 Richardson 21 Klein Tools Hand Tool Manufacturing 585 $18,000,000 $2,800,000 Mansfield 22 Active Network LLC IT Services 1000 $13,000,000 $2,580,000 Dallas 23 T-Mobile* Wireless Communications 855 $20,700,000 $2,150,000 Frisco 24 Freshpet, Inc. Pet Food Manufacturing 427 $264,500,000 $2,138,000 Ennis 25 GE Transportation Locomotive Manufacturing 330 $96,000,000 $2,100,000 Fort Worth 26 Digital Realty Real Estate/Data Centers 200 $126,717,841 $2,046,000 Dallas 27 Maxim Integrated Products* Semiconductors n/a n/a $2,000,000 Irving 28 Torchmark Insurance 500 $26,600,000 $2,000,000 McKinney 29 Wagners CFT Composite Fibers Manufacturer 304 $40,175,000 $1,610,512 Cresson 30 Health Management Systems (HMS) Health Care Data Services 350 $17,687,439 $1,600,000 Irving 31 Ruiz Foods* Food Processing 423 $48,880,413 $1,500,000 Denison 32 The Professional Golfers' Association of America Trade Association 150 $30,000,000 $1,500,000 Frisco 33 Cognizant Technology Solutions IT, Consulting and Business Products 750 $8,452,000 $1,449,000 Irving 34 D6 Packaging Manufacturing 231 $27,000,000 $1,438,200 Sulphur Springs 35 Golden Living (GGNSC) Health Care Facilities 100 $8,400,000 $1,400,000 Plano 36 Consolidated Electrical Distributors (CED) Electrical Components Wholesale 120 $3,300,000 $1,200,000 Irving 37 Frito-Lay IT for Food Manufacturing 125 $4,500,000 $1,125,000 Plano 38 Jacobs Engineering Group Inc. Engineering Services 111 $4,000,000 $1,015,560 Dallas 39 VCE* Computer Systems/IT 130 $40,000,000 $1,000,000 Richardson 40 USAA* Insurance 680 $31,400,000 $1,000,000 Plano 41 Raytheon* Aerospace & Defense 200 $21,700,000 $1,000,000 McKinney 42 Pactiv Plastic Product Manufacturing 200 $58,000,000 $930,000 Corsicana 43 Golden State Foods Corp. Liquids (Sauces, Dressings, etc.) 150 $19,600,000 $900,000 Burleson 44 Louis Vuitton U.S. Manufacturing, Inc Leather Goods Manufacturing 204 $29,807,000 $851,700 Johnson County 45 Rockwell Collins* Aerospace Manufacturing 105 $6,782,500 $839,196 Richardson 46 CORE West, Inc. Construction 97 $4,000,000 $820,000 Frisco 47 Wesco Aircraft Hardware Corp Aerospace Mfg 239 $7,040,000 $805,600 Fort Worth 48 Forum Production Oil & Gas Production 200 $16,325,000 $800,000 Gainesville 49 MD7, LLC Telecommunications Consulting 218 $6,839,000 $773,000 Allen 50 Ariat International, Inc Equestrian Footwear & Apparel 75 $40,000,000 $750,000 Fort Worth Source: Texas Economic Development Corporation and the Governor’s Office of Economic Development and Tourism
Opportunity Zones
The Opportunity Zones tax provision is designed to spur economic development and job creation in economically distressed communities. Three tax benefits are available to investors who reinvest capital gains into Qualified Opportunity Funds. These funds can finance commercial and industrial real estate, housing, infrastructure, and existing or startup businesses in designated census tracts called “Opportunity Zones.”
Tax Benefits:
Temporary Capital Gains Deferral:
Realized capital gains that are reinvested in an Opportunity Fund within 180 days can be deferred from taxable income until December 31, 2026, or the date the Opportunity Fund is disposed of, whichever comes earlier.
Regional Opportunity Zones
Tarrant and Dallas Counties
Step-Up Basis:
Gains reinvested in Opportunity Funds will receive a 10 percent step-up in basis after five years and, if invested before Dec. 31, 2019, an additional step-up of five percent at seven years. A maximum of 15 percent of the original gains may be excluded from taxes.
Permanent Exclusion of Taxable Income on New Gains:
For investments held for a minimum of 10 years (up to 30 years), investors pay no taxes on any capital gains produced through their investment in Opportunity Funds. Source:
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 171 COSTS & INCENTIVES | LOCAL, STATE, AND FEDERAL INCENTIVES
of
US Dept
Treasury
FORT WORTH FORT WORTH
DALLAS DALLAS
McKINNEY
DENTON
Hometown Spirit Business Friendly
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 172
A City in the path of growth
booming population,
is 78 square miles with 10 miles of commercial
estate along the Dallas
Tollway and 10 miles of Preston Road (State Highway 289). Located in the bustling corridors of Collin County, combine our prime location just 38 miles North of Dallas with flourishing neighborhoods, a charming historic Downtown
Square, A+ rated schools and you will dive
into the heart and soul of Celina. Come and celebrate hometown traditions, 30+ annual special events and a thriving business community. CelinaEDC.com | (972) 382-3455 | info@celinaedc.com
with a
Celina
real
North
Celina
deep
Living & Lifestyle
Housing Costs and Choices
Live-Work-Play
Schools—Public Education
Schools—Private Education
Arts, Culture, and Entertainment
Parks and Recreation
Cost of Living Market Tapestry
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 173
Photo: Michael Samples Meow
Wolf, Grapevine
Cost of Living
The Dallas-Fort Worth region is one of the most affordable large metropolitan areas in the country. The low cost of living is a competitive advantage for companies as they seek to keep labor costs low and recruit the best workers.
Employees in DFW enjoy a higher standard of living with lower housing costs as well as lower costs for groceries, transportation, and health care. The region’s relatively low housing prices— about 50 percent lower than the average of other major metropolitan areas by population—provide a strong edge for companies that operate here to recruit talent.
San
Los
San Diego (142.5)
Phoenix (102.2)
Denver (110.6)
If you lived in one of these cities and moved to Dallas, here’s how your cost of living would change.
For example, housing costs in Dallas are 55% lower than in Boston
San
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 174 LIVING & LIFESTYLE | COST OF LIVING
GROCERIES UTILITIES HEALTH CARE MISCELLANEOUS COMPOSITE HOUSING TRANSPORTATION MISC. COMP. Boston -55% -5% -4% -17% -25% Chicago +25% -29% -3% 0% 0% -17% Los Angeles -29% -59% -11% -1%
Francisco (170.7)
Angeles (149.5)
Seattle (145.1)
Fort Worth (94.1)
Source: C2ER
Minneapolis (93.6)
Kansas City (93.8)
Chicago (113.7)
Boston (147.1)
New York (Manhattan) (226.5)
Philadephia (101.7)
Washington, D.C. (147.4)
Charlotte (96.7) (94.1)
Dallas (102.3)
Austin (99.1)
San Antonio (91.3)
Houston (94.3)
Fort Worth
Atlanta (98.6)
Miami (117.3)
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE New York Seattle San Diego San Francisco
COMP. MISC. -16.5% -0.7% +11.7% -12.1% -12.8% -1.1% For example, housing costs in Dallas are 54% lower than in Seattle +9% -54% +4% -13% -30% -54% -31% -14% -12% -23% -81% -10% +9% -66% -18% -18% -13% +3% -21% -33% LIVING & LIFESTYLE | COST OF LIVING
Average 175 Dallas COMP. MISC. -1.8% +0.1% +2.3% +10.8% -11.2% +8.3% +8.0% -5.9%
C2ER Cost of Living Index 100=U.S.
Compared to the national average Compared to the national average
Dallas–Fort Worth Market
Tapestry
Defining the “character” of the region sometimes involves segmentation. Segmentation systems suggest that people with similar tastes, backgrounds, and lifestyles gravitate toward and connect with one another. The market tapestry map presents areas within DFW where people with various similar characteristics and backgrounds tend to cluster.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 176 LIVING & LIFESTYLE | MARKET TAPESTRY
AFFLUENT ESTATES Established wealth— educated, well-travelled married couples $144,800 $773,400 509,117 17.4% UPSCALE AVENUES Prosperous married couples living in older suburban enclaves. $115,600 $382,200 93,614 3.2% UPTOWN INDIVIDUALS Young, successful singles in the city. $102,600 $77,500 166,311 5.7% FAMILY LANDSCAPES Successful young families in their first homes. $90,900 $255,400 344,101 11.8% GEN X URBAN Gen X in middle age; families with fewer kids and a mortgage. $76,400 $221,800 165,531 5.7% COZY COUNTRY LIVING Empty nesters in bucolic settings. $73,600 $234,600 118,456 4.1% SPROUTING EXPLORERS Young homeowners with families. $72,000 $131,100 633,326 21.7% MIDDLE GROUND Lifestyles of thirtysomethings. $61,900 $71,700 178,860 6.1% SENIOR STYLES Senior lifestyles reveal the effects of saving for retirement. $58,000 $166,400 52,182 1.8% RUSTIC OUTPOSTS Country life with older families in older homes. $53,800 $130,700 114,786 3.9% MIDTOWN SINGLES Millennials on the move— single, urban. $47,200 $14,600 303,767 10.4% HOMETOWN Growing up and staying close to home; single householders. $42,600 $46,400 90,005 3.1% NEXT WAVE Urban dwellers; young, hardworking families. $50,300 $14,600 131,377 4.5% SCHOLARS AND PATRIOTS Highly mobile college and military populations. $39,700 $11,900 21,999 0.8% Median Household Income Households Percentage of DFW Households Median Net Worth Source: ESRI Business Analyst
The market tapestry is a fascinating snapshot of lifestyle choices. Based on demography and geography, the main purpose of this type of data is targeted marketing efforts, but the high-level picture of types of neighborhoods and the people who live in them based on the activities and expenses of those people is a compelling story all on its own. Some segments develop as a result of age, some show up as a result of income, and still others result from ethnic influence.
FORT WORTH
U.S. neighborhoods. These segments are then grouped into the 14 Tapestry Segmentation LifeMode Summary Groups, which are characterized by lifestyle and lifestage and share an experience such as being born in the same time period or a trait such as affluence.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 177 LIVING & LIFESTYLE | MARKET TAPESTRY
ESRI’s Tapestry Segmentation shown on the map combines the “who” of lifestyle demography with the “where” of local neighborhood geography to create a model of various lifestyle classifications or segments of actual neighborhoods with addresses—distinct behavioral market segments. To create this map, U.S. census tracts are divided into 67 distinctive segments based on socioeconomic and demographic characteristics to provide an accurate, detailed description of
DALLAS
McKINNEY
DENTON
Housing Choices
When it comes to convenience and charm, the Dallas-Fort Worth area offers plenty of housing opportunities. Whether you are a temporary business traveler or a family of five, the region offers diverse housing options for individuals and families of all sizes.
If you lean toward urban chic, relocate to a trendy urban loft, complete with skyline views and downtown ambience. One major trend in DFW housing takes place above shops, restaurants, and movie theaters, thanks to numerous condominium and loft communities scattered throughout the area. Established neighborhoods with abundant choices of single-family homes abound. Or for a more relaxed small-town feel, neighboring communities provide homegrown pride mixed with big-city conveniences and friendly neighbors. Whatever your style, Dallas-Fort Worth has the home for you.
Housing photos provided by CENTURY 21 Judge Fite Company.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 178 LIVING & LIFESTYLE | HOUSING COSTS AND CHOICES
How much house can I buy? $434,900 3 BEDS 2.1 BATHS $459,000 $629,000 4 BEDS 2 BATHS 4 BEDS 3.2 BATHS $849,341 $615,000 5 BEDS 3.1 BATHS 4,581SQFT DALLAS-SOUTHWEST 2,273SQFT HASLET 3,182SQFT WEATHERFORD 4,316SQFT CEDARHILL 2,156SQFT FLOWERMOUND $285,000 3 BEDS 2 BATHS 1,195SQFT IRVINGSOUTH 4 BEDS 3 BATHS
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 179 LIVING & LIFESTYLE | HOUSING COSTS AND CHOICES Photos provided by CENTURY 21 Judge Fite Company $824,000 3 BEDS 2.1 BATHS $280,000 3 BEDS 2 BATHS 4 BEDS 2 BATHS $570,000 $350,000 3 BEDS 2 BATHS $377,900 4 BEDS 2 BATHS $575,000 5 BEDS 3.1 BATHS
MCKINNEY
GARLAND
FORTWORTH-RIDGLEA 1,496SQFT GRANDPRAIRIE
FORNEY
RICHARDSON $619,000 5 BEDS 3.1 BATHS
FORTWORTH-ALLIANCE $850,000 4 BEDS 3 BATHS
LASCOLINAS $520,000 3 BEDS 2.1 BATHS
PROSPERCONDO
1,512SQFT
3,622SQFT
3,339SQFT
2,797SQFT
1,872SQFT
3,396SQFT
3,218SQFT
1,868SQFT
Housing Costs
The local housing market’s strength even during global economic fluctuations is due to a combination of a lower cost of living (compared with other major metropolitan areas) and a diverse economic base that has kept unemployment figures below national levels. The bottom line for families is that a dollar buys more square footage per home in DFW.
The ease of travel between smaller cities and major job centers allows employees to choose from a variety of communities and neighborhoods to accommodate their lifestyles and price points.
Home Prices Around the Region
Median home prices by ZIP code as of the fourth quarter of 2023 in the Dallas-Fort Worth area as determined by North Texas Real Estate Information Systems.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 180 LIVING & LIFESTYLE | HOUSING COSTS AND CHOICES
Sources: North Texas Real Estate Information Systems, Inc Quarterly NTREIS Economic Report FORT WORTH DENTON
$100,00-$318,000 $318,001-$430,000
$430,001-$577,500 $577,501-$899,000 > $899,000
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 181 LIVING & LIFESTYLE | HOUSING COSTS AND CHOICES
DALLAS
McKINNEY
DENTON
Live-Work-Play in Dallas-Fort Worth
Modern developments in every corner of the Dallas-Fort Worth region make the transition of a move to DFW easier than ever. These wellthought-out living centers make it possible to have an insta-community, where you literally walk from the place you live to shopping, dining, entertainment, green space, public transport, and sometimes even your workplace. Imagine how much time that frees up and how flexible your schedule becomes—not to mention the social opportunities it affords. In Dallas-Fort Worth, you’re lucky enough to have many options for this new style of living. We highlight just a few notable locations. Many more are in the process of being built.
Mockingbird Station
Dallas
Centered around a park & ride DART Station. Houses an Angelika Theatre, restaurants, shopping, loftstyle offices, and dwellings.
Main Street District
Dallas
Downtown Dallas’ urban revival at its best. Preserved buildings let hotels pair with residences. Active nightlife and dining.
Frisco Square
Incorporates Frisco’s City Hall and public library along with shopping, apartment buildings, and office space.
West Village
Dallas
Pioneering walkable district in the heart of Uptown. Accessed by DART and the M-Line Trolley. Magnolia Theatre joins scene-packed dining and unique retail.
Cedars/Southside
Dallas
Beginning with the conversion of a former Sears distribution center into lofts, the area has grown into a haven for artists, hip bars, and urban dwelling. Alamo Drafthouse, Gilley’s, and Lorenzo Hotel are anchors.
Legacy & Legacy West
The Shops at Legacy is the vibrant heart of the Legacy Business Park. Legacy West is the newest addition to the area with 250+ acres of retail, dining, residential, hotel, and offices.
Victory Park
Dallas
Anchored by the American Airlines Center with a crowd-gathering screenfilled plaza. High-rise living is upscale and serviceoriented.
West 7th
Fort Worth
The former headquarters of Acme Brick is now a pedestrian-friendly urban entertainment district not far from downtown, near TCU.
Addison Circle
Addison
You’ll remember it for the giant blue steel sculpture in the center of a roundabout. You’ll visit for events like Kaboom Town and Oktoberfest.
Bishop Arts
Dallas
Built in the 1920s around Dallas’ busiest trolley stop. Recent redevelopment maintains the vintage artsy character with 160 shops and restaurants.
Sundance Square
Fort Worth
Park free on the 35 blocks of brick-paved streets in Downtown Fort Worth. Features restored turn-ofthe-century buildings and an expansive plaza.
Watters Creek
Allen
The first LEED-certified retail complex in Texas offers open-air shopping, dining, office space, and apartments along with weekend concerts and events.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 182 LIVING & LIFESTYLE | HOUSING COSTS AND CHOICES
Frisco
Plano
12 11 10 9 8 7 6 5 4 3 2 1
FORT WORTH
DENTON
Alliance Town Center
Fort Worth
National large retailers complement grocery stores, a Cinemark movie theater, casual restaurants, and residential complexes.
Downtown Plano Plano
Named as one of America’s best downtowns, it includes a vibrant community of urban living, arts, unique shops, and restaurants.
Southlake Town Square
Southlake
The city re-created a modern old-time town square with City Hall and a post office in the center of sidewalk shopping and eating.
Downtown Roanoke Roanoke
The town’s established Oak Street and plaza has been redesigned, but maintains the historic downtown feel.
McKINNEY
DALLAS
Parker Square Flower Mound
Newly built but antique-looking storefronts surround a park with a gazebo. Also home to the campus of North Central Texas College.
Cypress Waters Dallas
This thousand-acre planned community sits around a 36-acre lake near Coppell. Includes one of the nation’s first “net-zero” elementary schools.
Eastside
Richardson
Next to a DART line for a downtown commute and the Telecom Corridor. Services and a variety of dining options onsite could render you car-free.
Downtown McKinney McKinney
The revamped original historic town square sits in the middle of quaint shops, local restaurants, and entertainment venues.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 1 2 3 4 5 6 7 8 9 10 11 12 13 20 14 15 16 17 18 19 Frisco Station Legacy Town Center Trinity River Vision Main St West 7th Viridian The Gate The Star Eastside Brick Row Grandscape Deep Ellum Legacy West Bishop Arts District Victory Park Parker Square Watters Creek Cypress Waters Downtown Plano Addison Circle Downtown Denton Sundance Square Park Lane Place Downtown Roanoke Rockwall Commons Highland Village Lower Greenville Downtown Mansfield Downtown Burleson Magnolia Avenue DeSoto Town Center Downtown Grapevine Village At Rowlett Frisco Square Cedars/Southside Downtown Carrollton Mockingbird Station Amli Galatyn Station Alliance Town Center Cityline Arlington City Center Firewheel Town Center Southlake Town Square Preston Hollow Village McKinney Urban Village Downtown McKinney Lancaster Urban Village West Village/Cityplace Water Street Duncanville Main Street Trinity Groves/West Dallas EpicCentral
20 18 19 17 16 14 13 15 LIVING & LIFESTYLE | HOUSING COSTS AND CHOICES 183
Apartment Costs
Apartment dwelling in the DFW area will match your preferences. All types and sizes are found throughout our region. Communities range from traditional apartment complexes to luxury high-rise buildings to large-scale communities with every bell and whistle imaginable. Some newer apartment communities offer fun amenities. These include dog runs, workout facilities, tanning services, and community activities ranging from movies on the lawn to wine tastings to Monday Night Football parties. In recent years, mixed-use communities— which feature multiple apartment buildings, as well as restaurants, shops, movie theaters, and underground parking—are popping up throughout the region, appealing to a segment of people who desire an urban, walkable neighborhood experience without the responsibilities of homeownership.
Two-Bedroom Rent Rates
The most
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 184 CONNECT 214.670.1685 www.dallasecodev.org ecodevinfo@dallas.gov Dallas
LIVING & LIFESTYLE | HOUSING COSTS AND CHOICES
< $769 $769-$1,237 $1,238-$1,715 $1,716-$2,440 > $2,440 Average Monthly Rent
Source: RealPage DALLAS FORT WORTH
McKINNEY DENTON
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 186
5 11 1 2 15 4 7 14 12 3 16 13 6 9 20 19 10 8 17 18 1 75126 (Forney) 1,065 $388,437 2 76227 (Aubrey) 739 $461,767 3 76179 (Saginaw) 631 $386,082 4 76052 (Haslet) 612 $461,322 5 75407 (Princeton) 601 $338,375 6 75454 (Melissa) 599 $527,936 7 75189 (Royse City) 583 $388,583 8 75009 (Celina) 578 $663,852 9 75071 (McKinney) 551 $524,935 10 75078 (Prosper) 551 $844,549 11 76247 (Justin) 488 $453,776 12 75409 (Anna) 444 $427,106 13 76226 (Argyle) 411 $545,492 14 76063 (Mansfield) 377 $613,730 15 76065 (Midlothian) 357 $552,026 16 75068 (Little Elm) 332 $526,631 17 76108 (Lakeside) 310 $358,040 18 75035 (Frisco) 309 $794,709 19 76036 (Fort Worth) 300 $355,238 20 75165 (Waxahachie) 280 $459,644 ZIP Code Number Average (Primary City) of Sales Sale Price ZIP Code Number Average (Primary City) of Sales Sale Price Number of Sales & Average Sale Price by ZIP code FUTURE LOTS 1-285 286-1,080 1,081-2,500 2,501-5,000 5,001-13,900 VACANT DEVELOPED LOTS 1-16 17-54 55-123 124-220 221-528
New Home Sales
Codes (2023)
new home sales SOURCE: Zonda, 2020 SOURCE: MetroTex Association of REALTOR®s from the MLS, Dec 2022-Nov 2023 LIVING & LIFESTYLE | HOUSING COSTS AND CHOICES DALLAS FORT WORTH McKINNEY DENTON
Top 20 ZIP
Ranked by number of
Schools— Public Education
School districts in the Dallas–Fort Worth region are locally administered and independent of one another and the cities and towns they serve. For example, the Richardson Independent School District (RISD) includes students in Richardson, as well as parts of Dallas and Garland.
The Dallas Independent School District— or Dallas ISD—is the region’s largest school district with approximately 141,000 students. Students attending Dallas ISD schools reside in Addison, Balch Springs, Carrollton, Cockrell Hill, Dallas, Farmers Branch, Garland, Highland Park, Hutchins, Mesquite, Seagoville, University Park, and Wilmer.
Dallas ISD hosts 29 magnet schools and academies, including several that have been nationally recognized. Booker T. Washington High School for the Performing and Visual Arts is in the heart of the Dallas Arts District and includes several internationally known artists among its alumni. The arts magnet, along with the School for the Talented and Gifted and the School of Science and Engineering at Yvonne A. Ewell Townview Center in Dallas, are consistently recognized as being among the best high schools in the nation by U.S. News and World Report.
Other area schools recognized by U.S. News include Westlake Academy (Westlake), Grand Prairie Collegiate Institute (Grand Prairie), Highland Park High School (Highland Park), Uplift Academy (Arlington, Dallas, Irving), and Young Women’s Leadership Academy (Fort Worth).
In 2023, five area schools were recognized as Blue Ribbon Schools, increasing the total number of awards to 60 since 2014. The Blue Ribbon designation is a national honor awarded to those schools that have achieved academic excellence or made significant progress in closing the achievement gap.
The Fort Worth ISD dominates Tarrant County, serving approximately 73,000 students. The district serves most of the city of Fort Worth, as well as those of Benbrook, Westover Hills, and Westworth Village. Students from parts of Forest Hill, Haltom City, and Kennedale also attend FWISD schools. The district is home to the Leadership Academy Network, a system of six leadership academies made possible by a partnership with the Texas Wesleyan School of Education and authorized by Texas Senate bill 1882—the Texas Partnership Opportunity—to improve academic performance.
Source: Texas Education Agency
Choosing a District
Choices abound for schooling in the Dallas-Fort Worth area: public, public charter, private or parochial, and homeschooling. Should you want to send your kids to public school, rest assured that the Dallas-Fort Worth area has many fine choices.
In Texas, public school districts operate independently and are governed by locally elected school boards that implement state guidelines through a selection of instructional programs, curriculum, and local expectations that often exceed state minimums.
Local districts are governed by an independently elected school board of trustees, which hires a superintendent as CEO; sets a district philosophy (vision and mission) and local policies; selects a curriculum within the state guidelines; and sets the local ISD tax rate, budget, and district boundaries.
Here’s what you need to consider in finding the right school district for you: 1 2
The district and school’s philosophy vs. your family’s interests and needs
n Vision, mission, goals
n Size of school and class size
n Grade level alignment (K-4, K-5, K-6, etc.)
n Curriculum variations
n Parent engagement
Student achievement and performance (including staff and teacher performance)
The Dallas County area education coalition, COMMIT! and its partners offer a way of best assessing student achievement within schools and districts. Find it online at commitpartnership.org.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 188 4 6 8 9 10 13 18 19 20 22 23 24 25 26 28 29 30 32 35 36 37 38 39 41 42 44 45 46 47 50 52 53 55 56 58 60 61 LIVING & LIFESTYLE | SCHOOLS—PUBLIC EDUCATION
3 5
Each
has a unique profile. Visiting
1
2
3
4
6
7
9
12
13
14
4
Charter Schools
In 1995, the 74th Texas Legislature passed legislation giving the state the authority to create open-enrollment charter schools. These schools are subject to fewer state laws than other public schools and support the idea of ensuring fiscal and academic accountability without undue regulation of instructional methods or pedagogical innovation. Like school districts, charter schools are monitored and accredited under the statewide testing and accountability system.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 189 1 2 3 5 7 11 12 14 15 16 17 21 22 24 27 31 33 34 40 42 43 48 49 51 54 56 57 59 62 LIVING & LIFESTYLE | SCHOOLS—PUBLIC EDUCATION Rank School City
6 School
Dallas
For The Talented And Gifted (TAG)
18 Irma
Dallas
Lerma Rangel Young Women's Leadership School
23 School
Dallas
of Science and Engineering Magnet (SEM)
91 Trinidad Garza
At Mountain View Dallas
93 Judge
Dallas
Early College
5
Barefoot Sanders Law Magnet
129 Uplift
Hills Prep HS Irving
Education - North
132 School
Dallas
159 Young Women's Leadership Academy Fort Worth
of Health Professions
8
184 Westlake Academy Westlake
188 Grand Prairie Collegiate Institute Grand Prairie
206 Highland
HS Highland Park
10
11
Park
241 Imagine International Academy of North Texas McKinney
242 Grand Prairie Fine Arts Academy Grand Prairie
249 Dr. Wright L Lassiter Jr Early College HS Dallas
309 Booker T. Washington SPVA Dallas 16 346 Barack Obama Male Leadership Academy Dallas 17 360 Lovejoy HS Lucas 18 385 Reedy HS Frisco 19 388 World Languages Institute Fort Worth 20 417 Wakeland HS Frisco 21 436 Liberty HS Frisco 22 445 Rosie Sorrells School of Ed. and Social Services HS Dallas 23 448 Young Women's Leadership Academy at Arnold Grand Prairie 24 498 School of Business and Management Dallas 25 522 Cedar Hill Collegiate HS Cedar Hill 26 537 Uplift Summit International HS Arlington 27 557 Centennial HS Frisco 28 578 Coppell HS Coppell 29 585 Mansfield Frontier HS Mansfield 30 645 Texas Academy of Biomedical Fort Worth 31 687 Independence HS Frisco 32 710 Founders Classical Academy Lewisville 33 831 Lebanon Trail HS Frisco 34 837 Heritage HS Frisco 35 988 Uplift Grand HS Grand Prairie 36 1064 Harmony Science Academy - Carrollton Carrollton 37 1067 Uplift Infinity HS Irving 38 1090 Byron Nelson HS Trophy Club 39 1138 Uplift Williams Preparatory HS Dallas 40 1176 Uplift Luna Preparatory HS Dallas 41 1261 Keller HS Keller 42 1268 Frisco HS Frisco 43 1271 McKinney North HS McKinney 44 1284 Fort Worth Academy of Fine Arts Fort Worth 45 1346 Flower Mound HS Flower Mound 46 1358 New Tech HS at Coppell Coppell 47 1406 Harmony Science Academy - Euless Euless 48 1429 Prosper HS Prosper 49 1432 McKinney Boyd HS McKinney 50 1471 Arlington Collegiate HS Arlington 51 1473 Wylie HS Wylie 52 1547 iUniversity Prep Grapevine 53 1551 Harmony School of Innovation - Forth Worth Fort Worth 54 1588 Plano East Sr HS Plano 55 1623 John Dubiski Career HS Grand Prairie 56 1678 Memorial HS Frisco 57 1704 Allen HS Allen 58 1817 Mansfield HS Mansfield 59 1843 International Leadership of Texas - Garland HS Garland 60 1901 Argyle HS Argyle 61 1968 Marcus HS Flower Mound 62 1999 North Garland HS Garland U.S.
15
News & World Report Best High Schools (2023)
Program offerings and compatibility with your child’s interests and needs
Athletics n Career and technology n Dual credit n Extracurricular activities
Fine arts
Gifted and talented
Performing arts
Special education District Characteristics
n
n
n
n
n
district
features
offerings.
district websites will reveal their distinct
and
District Boundaries North Texas School District Ratings, 2022 ISD Name 2023 Enrollment | 2022 SAT Score Legend A B C NOT RATED
Schools— Private Education
Parents send their children to private schools for a variety of reasons. Some select private schools for religious or philosophical reasons. Others value smaller class sizes and individualized attention for their children. Then there are parents who are focused on the highest possible learning standards, advanced placement courses, and rigorous college preparation that leads to enhanced academic opportunities.
The Dallas-Fort Worth area offers a variety of private institutions—some religious, some secular, and some with special niches. Well-known institutions include St. Mark’s School of Texas (Dallas), Hockaday School (Dallas), Greenhill School (Addison), Episcopal School of Dallas, Yavneh Academy of Dallas, Fort Worth Country Day School, and Trinity Valley School (Fort Worth).
Private High Schools
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 190
Ranked by 2023-24 Tuition*
Calendar n Testing for private schools often takes place in the fall n Enrollment is in January or February n School typically starts earlier in August 1 Greenhill School, $38,050 2 Shelton School, $37,900 3 The Episcopal School of Dallas, $37,850 4 St. Mark’s School of Texas, $37,792 5 The Hockaday School, $36,705 6 Parish Episcopal School, $36,005 7 Alcuin School, $34,825 8 The Winston School Dallas, $33,200 9 Bridge Builder Academy, $32,000 10 Akiba Yavneh Academy of Dallas, $29,420 11 Lakehill Preparatory School, $28,650 12 Dallas International School, $28,400 13 Fort Worth Country Day, $28,400 14 The Oakridge School, $28,280 15 All Saints Episcopal School Fort Worth, $27,475 16 Vanguard Preparatory School, $27,200 17 Ursuline Academy of Dallas, $27,000 18 Trinity Christian Academy Addison, $27,000 19 Trinity Valley School, $26,832 20 Prestonwood Christian Academy, $26,810 21 Dallas Academy, $26,680 22 The Cambridge School of Dallas, $26,500 23 The St. Anthony School, $25,800 24 The Selwyn School, $25,400 25 Fairhill School, $25,100 26 The Covenant School of Dallas, $24,750 27 Cistercian Preparatory School, $24,700 28 The Westwood School, $24,420 29 Jesuit College Preparatory School, $24,400 30 Hill School of Fort Worth, $24,370 31 Legacy Christian Academy, $23,600 32 The Key School, $23,350 33 Southwest Christian School, $22,850 34 Bishop Lynch High School, $22,000 35 John Paul II High School, $21,900 36 The Novus Academy, $21,500 37 Dallas Christian School, $21,080 38 Liberty Christian School, $21,035 39 Grapevine Faith Christian School, $20,750 40 Fort Worth Christian School, $20,750 41 Great Lakes Academy, $20,700 42 Covenant Christian Academy, $20,315 43 Prince of Peace Christian School Carrollton, $20,150 44 The Clariden School, $19,950 45 Northstar School, $19,150 46 E.A. Young Academy, $18,900 47 Dallas Lutheran School, $18,780 48 Nolan Catholic High School, $18,550 49 The Highlands School, $18,000 50 McKinney Christian Academy, $17,475 *Most recent tuition costs provided, not including other fees. Only schools offering 12th grade are shown. Tuition costs are for 12th grade, and when applicable: for a single child enrolled (no multi-child discounts); for resident students (not international); for non-parishoners; and for payment plan premium. LIVING & LIFESTYLE | SCHOOLS—PRIVATE EDUCATION Source: Texas Private School Accreditation Commission and School websites
Private School
Researching Schools
The Dallas-Fort Worth region offers a wide range of private school options. Some of the terms you will encounter as you look at private school options include:
n Learning differences schools—
These schools provide for students with learning differences across the spectrum and can range from pre-K through 12th grade.
n Boarding schools—Several of the single-gender private schools offer full-time boarding as well as day student options.
n Language/culture specific—
Some schools offer immersion in specific languages, like French, Chinese, and Japanese. Many of these schools offer Saturday and summer options for families who
want students to attend a traditional school and supplement with cultural and language immersion.
n Montessori method—This is a child-centered educational approach based on scientific observations of children from birth to adulthood. Schools incorporating this self-direction and discovery method are located across the region, but they generally do not extend beyond elementary. A number of public districts also have a Montessori choice option within the district.
n Classical—These schools are usually characterized by small class sizes and a classics-based education, normally with fewer team athletic options.
n College preparatory—Prep schools focus on academic rigor in preparation for demanding collegiate programs.
n Religious/parochial—Some schools are associated with specific religious denominations or churches and incorporate religious teaching as part of the curriculum.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 191 LIVING & LIFESTYLE | SCHOOLS—PRIVATE EDUCATION 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50
Legend Private School
FORT
DENTON
DALLAS
WORTH McKINNEY
Arts, Culture, & Entertainment
The Dallas-Fort Worth region has several major arts districts. The Dallas Arts District, anchored by the Dallas Museum of Art, Morton H. Meyerson Symphony Center, and AT&T Performing Arts Center, is nearly 70 acres—the largest contiguous urban arts district in the country. Here you can catch a performance of Texas Ballet Theater, a Broadway touring production, classical or local musicians, a night of live storytelling, TED talks, movies and music under the stars, festivals, art exhibits, and so much more. The Fort Worth Cultural District claims five internationally recognized museums, including the Kimbell Art Museum, the Amon Carter Museum of American Art, and The Modern.
Beyond the fantastic cultural centers, the region is home to hundreds of smaller museums and public galleries, scores of professional and community theaters, and dozens of local symphony and chamber orchestras, dance troupes, and opera associations. Dallas-Fort Worth is Texas’ most arts-intensive metro area on a per capita basis—a great deal of money per person goes to cultural arts. No matter what artistic pursuits you enjoy, you can find them here. You could spend every weekend in our arts districts and never run out of new things to do.
Music and Theater of Dallas-Fort Worth
Ballet Folklorico
Bass Performance Hall
Casa Mañana
Charles W. Eisemann Center
Circle Theatre
Dallas Black Dance Theatre
Dallas Children’s Theater
Dallas Summer Musicals
The Dee and Charles Wyly Theatre
Grapevine Opry
Irving Arts Center
Kalita Humphreys Theater
Latino Cultural Center
Majestic Theater
The Margot and Bill Winspear Opera House
Moody Performance Hall
Morton H. Meyerson Symphony Center
The Patty Granville Arts Center
Texas Ballet Theater
Museums of Dallas-Fort Worth
African American Museum
Amon Carter Museum
Cavanaugh Flight Museum
The Children’s Aquarium at Fair Park
Dallas Contemporary
Dallas Heritage Village
Dallas Holocaust and Human Rights Museum
Dallas Museum of Art Fair Park
Fort Worth Museum of Science & History
Frontiers of Flight Museum
International Bowling Museum & Hall of Fame
Kimbell Art Museum
The Meadows Museum
Modern Art Museum of Fort Worth Museum of the American Railroads
Nasher Sculpture Center
National Cowgirl Museum and Hall of Fame
National Scouting Museum
National Soccer Hall of Fame
Perot Museum of Nature & Science
The Sixth Floor Museum at Dealey Plaza
The Trammell & Margaret
Crow Collection of Asian Art
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 192 LIVING & LIFESTYLE | ARTS, CULTURE, AND ENTERTAINMENT
Modern Art Museum of Fort Worth
Dallas Contemporary
Dallas Black Dance Theatre
Photo: DVisit Dallas
Photo: Michael Samples
Photo: Michael Samples
Dallas Arts District
Dallas Museum of Art
Nasher Sculpture Center
Crow Collection of Asian Art
Morton H. Meyerson Symphony Center
The Perot Museum of Nature and Science
The AT&T Performing Arts Center:
The Margot and Bill
Winspear Opera House
The Dee and Charles Wyly Theatre
Moody Performance Hall
Annette Strauss Artist Square
Fort Worth
Cultural District
Amon Carter Museum of American Art
Kimbell Art Museum & Renzo Piano Pavilion
Darnell Street Auditorium
Modern Art Museum of Fort Worth
Casa Mañana
National Cowgirl Museum and Hall of Fame
Fort Worth Museum of Science and History
Fort Worth Community Arts Center
W.E. Scott Theatre
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 193 LIVING & LIFESTYLE | ARTS, CULTURE, AND ENTERTAINMENT
Margot and Bill Winspear Opera House
Nasher Sculpture Center
Perot Museum of Nature and Science
Photo: Nasher Sculpture Center
Photo: Nigel Young, Foster + Partners
Photo: Perot Museum of Nature and Science
Parks and Recreation
Whether you have a big family, you’re a retiree, or a single adult, there are plenty of choices when you want to relax and have fun. Boating, water sports, hiking, biking, cricket, professional sports … the list is extensive. Below, find some of the most popular places to pass the time, where you can be part of the action, or just part of the audience.
Regional Parks and Nature Centers
Cedar Ridge Preserve
Dallas Arboretum and Botanical Garden with the Rory Myers Children’s Adventure Garden
Dinosaur Valley State Park
Dogwood Canyon Audubon Center
Fort Worth Botanic and Japanese Gardens
Fort Worth Nature Center and Refuge
Fossil Rim Wildlife Center
HEARD Natural Science Museum & Wildlife Sanctuary
River Legacy Park and Science Center
Trinity Forest Adventure Park
Trinity River Audubon Center
Zoos and Aquariums
Children’s Aquarium at Fair Park
Dallas World Aquarium
Dallas Zoo
Fort Worth Zoo
Professional Sports
Allen Americans (ECHL—Hockey)
Arlington Renegades (UFL—Football)
Complexity Gaming (Esports organization)
Dallas Cowboys (NFL—Football)
Dallas Jackals (MLR—Rugby)
Dallas Mavericks (NBA—Basketball)
Dallas Sidekicks (MASL—Indoor Soccer)
Dallas Stars (NHL—Hockey)
Dallas Wings (WNBA—Women’s Basketball)
FC Dallas (MLS—Soccer)
Fort Worth Stock Show and Rodeo
Frisco Fighters (IFL—Indoor Football)
Frisco RoughRiders (MiLB—Baseball)
Lone Star Brahmas (NAHL—Hockey)
Mesquite Rodeo
OpTic Gaming (Esports organization)
PGA Tour—AT&T Byron Nelson Championship
PGA Tour—Charles Schwab Challenge
Stockyards Championship Rodeo
Texas Elite (WNFC—Women’s Football)
Texas Legends (NBAG—Basketball)
Texas Motor Speedway (Auto Racing)
Texas Motorplex (Auto Racing)
Texas Rangers (MLB—Baseball)
Texas Super Kings (MLC—Cricket)
Cedar Hill State Park
Cedar Hill
n 75,000-acre Joe Pool lake for fishing, boating, and kayaking
n 1,200 acres of hiking and biking trails
n All-terrain wheelchair reservations available
n More than 350 campsites, all near restrooms with hot showers
n Penn Farm Agricultural History Center with guided or self-guided tours
River Legacy Park
Arlington
n 1,300 acres of forested greenbelt
n 8 miles of paved trails and 10 miles of mountain bike trails
n Up to 8 miles of paddling from the canoe launch
n Custom playground and playscapes
n River Legacy Nature Center, a 12,000-square-foot, ADA-compliant facility
Arbor Hills Nature Preserve Plano
n 200 acres of rolling hills
n Off-road biking trails
n Picnic pavilions available to reserve
n Playground
n Dog friendly
Meadowmere Park
Grapevine
n 288 acres of water, beaches, and green space on Lake Grapevine
n Home to WhoaZone, the largest aqua park obstacle course in Texas
n Fire pits, grills, and tent areas
n Swimming, paddleboarding, kayaking, and a playground
Green Space FORT WORTH
DENTON
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 196 LIVING & LIFESTYLE | PARKS AND RECREATION
1 2 3 4 5 1 2 4
PHOTO: CITY OF PLANO
Trinity Park
Fort Worth
n Located along the banks of the Trinity River dating back to 1892
n 252 acres with trails, fishing area, duck pond, playground, and miniature railroad
n Location of annual events such as Mayfest and the National Veterans Day Run
White Rock Lake Park
Dallas
n 17.1 miles of hike and bike trails
n Shoreline picnic areas
n Dog friendly
n Kayak and paddleboard rentals
n Rowing and sailing opportunities
n Audubon Society bird watching
n Home to the Dallas Arboretum
Klyde Warren Park Dallas
n 5.2 acres of greenspace over a freeway next to the Arts District
n Performance pavilion, walking trails, dog park, children’s playground, and games area
n Free events like movies and music
n
n
North Texas Trails
With more than
180 miles of trails, Dallas has plenty of options when you want some urban nature.
Additionally, the LOOP Dallas is an ongoing effort to connect existing and planned trails to create a contiguous 50-mile stretch around the city’s core.
When you look at the whole DFW region, the number of trails is closer to 775 miles and extends through neighborhoods and areas that are less populated.
A few recommended regional trails include Cedar Ridge Preserve in South Dallas; Dogwood Canyon in Cedar Hill, which offers hilly terrain; and Oak Point Park and Nature Preserve in Plano.
Popular Trails
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 197 LIVING & LIFESTYLE | PARKS AND RECREATION
Food trucks every day
5 6 7
Accessible by M-Line Trolley and DART
SOURCE: DRC Research 1 Erwin Park (McKinney) 2 Northwest Community Trail (Frisco) 3 Knob Hills (Flower Mound) 4 Arbor Hills (Plano) 5 Northshore Trail (Grapevine) 6 Katie Jackson (Dallas) 7 Squabble Creek (Rockwall) 8 Rowlett Creek Preserve (Garland) 9 Horseshoe (Grapevine) 10 Harry Moss Park (Dallas) 11 L.B. Houston Nature Trails (Dallas) 12 River Legacy (Arlington) 13 Oak Cliff Nature Preserve
14 Boulder
Big Cedar (Dallas) 16 Goat Island Preserve (Hutchins) 15 14 13 11 12 9 5 3 4 6 2 1 10 16 8 7
(Dallas)
Park (Dallas) 15
Arbor Hills Nature Preserve
6 7
7 6
McKINNEY
3
3
DALLAS
A mere 20 minutes east of Downtown Dallas, Rowlett is one of the fastest growing communities in North Texas.
We are On the Water, On the Move, and open for business!
Located on the shores of Lake Ray Hubbard, Sapphire Bay is a $1 billion mixed development project that will become a unique waterfront destination where business, leisure, and entertainment harmonize to create a magical experience.
SAPPHIRE BAY NORTH SHORE
North Shore offers employers and innovators an opportunity to create world-class professional facilities within a complete community environment. As a premier regional destination, North Shore is strategically located on the President George Bush Turnpike offering close proximity to Downtown Dallas, the Plano/Frisco/Richardson Corridor and DFW Airport.
ROWLETTONTHEMOVE.COM ROWLETT ECONOMIC DEVELOPMENT 5702 ROWLETT RD, ROWLETT, TX 75089 972-412-6193 BFARR@ROWLETT.COM
Project Pipeline
Significant Projects
Future Projects
Regional Map
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 199
Significant Projects
The Dallas-Fort Worth region is well known for taking on massive construction projects. They range from public infrastructure projects, such as the expansion of Interstate 35 and extending and connecting regional transit systems, to the creation of entirely new business parks and mixed-use developments, to land reclamation for parks and recreational development. No matter where you travel in North Texas, largescale construction projects are underway to improve the quality of life for area residents.
The Shops at RedBird
The $200 million, 95-acre RedBird Mall redevelopment project continues to deliver community success with a 50,000-square-foot Tom Thumb supermarket that addresses the area’s food desert status. The Dallas Entrepreneur Center has tripled the size of its RedBird facility to support innovators in southern Dallas County. And Simmons Bank opened a full-service banking center that will address the needs of an underbanked community.
1 Downtown Dallas
2023 was a busy year for Downtown Dallas. Goldman Sachs broke ground on a $500 million, sustainable campus that will house 5,000 employees and will anchor the NorthEnd mixed-use development near Victory Park. The 14-story, 800,000-square-foot office tower is the first phase of a project that will include retail, residential, and hotel rooms overlooking a 1.5-acre park. Another financial giant, Bank of America, saw the ground-breaking of its new home for 1,000 employees, the 30-story Parkside Uptown. Overlooking Klyde Warren Park, the new building will be the tallest in Uptown. The East Quarter, an urban neighborhood revival effort that connects the CBD with Deep Ellum, welcomed the opening of the 3.5-acre Harwood Park , capping off a $90 million transformation of parking lots into downtown green space. And new residential towers are underway surrounding downtown including the 31-story Fairmount Tower in Uptown, the 31-story 2811 Maple project near Oak Lawn, and a 19-story building in the historic Deep Ellum neighborhood.
4 3
Arlington Entertainment District
The $2.25 billion mixed-use Arlington Entertainment District is home field for the Dallas Cowboys, the most valuable sports franchise in the world, and the 2023 World Series Champion Texas Rangers. The Cowboys’ AT&T Stadium has been selected for the most 2026 World Cup matches among all venues, and the Rangers’ Globe Life Field will host the 2024 MLB All-Star Game. Texas Live!, a mixed-use development anchoring the district, just opened a $550 million Loews Arlington Hotel and Convention Center. Future developments include the highly anticipated National Medal of Honor Museum and a third $410 million Loews Hotel
2 Texoma
North Texas and southern Oklahoma, or Texoma, is generating new investment. Texas Instruments is constructing a $30 billion, 300-mm semiconductor wafer fabrication plant in Sherman, and Globitech is following suit with a new $5 billion wafer facility. These developments helped support a multi-university effort to gain a semiconductor hub designation by the U.S. EDA, that could lead to significant grant funding. A similar logistics innovation-focused partnership resulted in an NSF innovation award opening up future funding channels. And the $6 billion Preston Harbor mixed-use development in Denison will bring 7,500 homes to Lake Texoma. A $100 million Margaritaville Resort will anchor the project.
5
Wells Fargo
Wells Fargo broke ground on a new campus on the north shore of Lake Carolyn in Irving’s Las Colinas development. The $455 million capital investment will result in two 10-story buildings with 850,000 square feet of space. The 22-acre campus will house most of Wells Fargo’s 3,000 local employees with room for an additional 650 new positions. The 22-acre campus is expected to open by the end of 2025 and will anchor a planned Northshore District, which will host a 17-acre mixed-use project with retail, public open space, and office space. The Wells Fargo campus is the largest office development in Las Colinas since 1985.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 200
PROJECT PIPELINE | SIGNIFICANT PROJECTS
Goldman Sachs
Harwood Park Bank of America
Texas Instruments
● Office Under Construction
● Announced Office Projects
● Industrial Under Construction
● Announced Industrial Projects
FORT WORTH McKINNEY
DALLAS
Texoma
6 7 121 & Dallas North Tollway
Grandscape, named one of the most innovative entertainment venues in the world, is a $1.5 billion, 433-acre mixed-use development in The Colony. Unique entertainment options on the horizon include Cosm, an 87-foot-diameter LED dome providing immersive experiences for live events, and Tiger Woods’ PopStroke, a mini-golf experience designed to replicate a traditional golf course. Workspace provider Roam offers private offices and luxury meeting spaces at its Grandscape facility.
Legacy West is a $3 billion, 255-acre mixed-use destination in Plano that includes 415,000 square feet of retail, more than 1,200 residential units, and a 303-room Renaissance Hotel. The three-story Legacy Hall is home to dozens of restaurants, a beer garden, and an event space. And global tax services and software provider Ryan is constructing a 23-story, 400,000-square-foot headquarters office tower.
North Platinum Corridor in Frisco, located along the Dallas North Tollway, is home to the 162-acre HALL Park. A $7 billion transformation is underway with an Autograph Collection Hotel, a Toshiba innovation hub, a 5.7-acre Kaleidoscope Park , and a performing arts complex. Just up the road, the Dallas Cowboys’ $1.5 billion, 91-acre mixed-use Star development added an 11-story, 314,000-square-foot high-rise to house new tenants Comerica Bank, McAfee, and Boingo Wireless. A $110 million, 15-story office tower is underway that TIAA will occupy when it opens in 2024.
Texas A&M Fort Worth
The Texas A&M University System broke ground on a $150 million Law & Education center, the first of a threebuilding, Tier 1 research campus in downtown Fort Worth that will anchor a technology and innovation district . The completed project will include a Gateway Building conference center, and a Research and Innovation center where researchers will work alongside privatesector partners interested in building a talent pipeline including Lockheed Martin, Alcon Laboratories, and Elbit America. Tarleton State University will join the $350 million campus project with a new Biotechnology Institute focusing on bioinformatics and computational modeling.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE PROJECT PIPELINE | SIGNIFICANT PROJECTS 201 2 3 4 7 5 6 1 8 9 10 11 12
Cosm Legacy West
The Star
DENTON
8
Castle Hills
Castle Hills is a 2,900-acre masterplanned, mixed-use community in Lewisville. Two main communities anchor the development. Crown Center is a 140acre mixed-use project that will ultimately include 2,000 apartments, 3 million square feet of office space, 140,000 square feet of dining and shopping, and 500 hotel rooms. The Realm is a $1.5 million mixed-use project that will include 5,000 apartments and 1.5 million square feet of retail offices and restaurants. The $50 million Crown Centre II office project broke ground in 2023.
10
EpicCentral
EpicCentral is a 172-acre mixeduse park site development located in Grand Prairie that anchors the EpicCentral entertainment district corridor. The development is home to the Epic Waters Indoor Waterpark ; Playgrand Adventures, an all-inclusive playground; Bolder Adventure Park , a 66,000-square-foot indoor climbing facility; and a 90,000-square-foot Chicken N Pickle restaurant and pickleball venue. A new 10,000-square-foot convention center and two connecting hotels opened in 2023. Elsewhere in the EpicCentral corridor, BigShots Golf is opening a 12-acre, two-story tee-line with 80 interactive tee boxes; Andretti Indoor Karting and Games is constructing a 96,000-square-foot racing facility; and Bass Pro Shops is building a 100,000-square-foot Outdoor World destination store.
9
North U.S. 75 Corridor
Centurion American’s Collin Creek Mall redevelopment is a $1 billion mixed-use project that will transform the site of Plano’s first major shopping center built in 1981. This phased project broke ground in 2021 with a focus on infrastructure, including a 2,000-space underground parking lot . Vertical construction began in 2023 with townhomes, duplexes, and single-family homes arriving in 2024. The ultimate build-out includes 1 million square feet of office and 300,000 square feet of retail space.
The Farm, a 135-acre mixed-use development in Allen, is nearing completion of its first residential units next to The Hub, a 3-acre, open-air entertainment and restaurant venue A two-story, 70,000-square-foot High 5 Entertainment facility has broken ground, and a 100,000-square-foot office building should begin construction in 2024.
McKinney’s historic Cotton Mill area redevelopment will transform the industrial east side of the city into a mixed-used development. The 113-year-old mill will be the centerpiece of new residential, office, and retail space on a 28-acre site bringing an estimated $933 million in economic impact .
Bridge Labs
11
Pegasus Park
Pegasus Park is Dallas’ state-of-the-art life science cluster located less than 5 miles from downtown Dallas and adjacent to the Medical District. The new federal Advanced Research Projects Agency for Health, or ARPA-H, selected Pegasus Park for one of three regional hubs in its $2.5 billion health innovation network initiative The 23-acre campus is anchored by the 18-story Pegasus Tower that houses a diverse array of tenants. BioLabs operates the BioTech+ Hub at Pegasus where a 40,000-square-foot flexible lab, training, and office space houses advanced biotech ventures including Colossal and ReCode Therapeutics. The Hub will expand in 2024 with Bridge Labs, a $110 million, 135,000-square-foot lab and office building that will feature the first institutionalquality, non-incubator space in the region. MassChallenge and other accelerator programs also operate at the Hub.
12
Southern Gateway Park
Phase One of the $172 million, fiveacre deck park over I-35E is slated to open in 2025 as the centerpiece of a $670 million, TxDOT-led highway reconstruction project . The supporting infrastructure has been completed, and $35 million in public and private commitments will fund park amenities that kicked-off at a “groundmaking” event in 2023. The park will offer a stage pavilion and a 15,000-square-foot lawn for performance events. A promenade will thread through the park passing by a restaurant/retail complex and educational elements like “history stairs,” an amphitheater, and an escarpment wall for neighborhood art and stories. The park will be augmented by the Dallas Zoo’s planned 7-acre park that will ultimately help stitch together Oak Cliff neighborhoods cleft by the opening of the freeway in 1960.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 202
PIPELINE | SIGNIFICANT PROJECTS
PROJECT
Collin Creek Mall Redevelopment
The Farm
Cotton Mill Redevelopment
Say Yes to Dallas, where living means thriving. sayyestodallas.com
@sayyestodallas
Photo by Michael Samples
Future Projects
For the Dallas-Fort Worth region, there’s no time like the present to ensure that the bustling metro area remains an innovative, forwardthinking place for generations to come. Future developments spanning several years in planning and construction are helping to keep Dallas-Fort Worth at the forefront of industry and livability. The future of the metro area is rife with innovative developments, impactful architectural feats, and attention to design to strengthen the region’s appeal.
1
Fort Worth Convention Center
The City of Fort Worth kickstarted construction on the $95 million Phase 1 of a 20-year planned expansion of its Convention Center. The initial phase includes demolishing an outdated annex to make way for new exhibition space, increasing the number of loading docks, building modern food and beverage facilities, and aligning Commerce Street for a potential adjoining convention hotel in the future. Federal ARPA funds and hotel occupancy tax will pay for the work, expected to be complete in 2026.
Reunion Redevelopment
Hunt Realty announced a $5 billion plan to redevelop the former site of the now-demolished Reunion Arena, one of downtown Dallas’ largest undeveloped properties. The 20 acres of property could see 3,000 apartments, a hotel with 1,000 rooms, 150,000 square feet of retail, and 2 million square feet of office space surrounding a 4-acre park The first phase of the project would focus on providing amenities to support the $3 billion Dallas Convention Center reconfiguration, such as the hotel, retail, and dining opportunities.
DFW Airport Terminal F
Fort Worth-based American Airlines signed a new 10-year lease agreement with DFW Airport that includes $4.8 billion in pre-approved capital investments. The long-anticipated $1.63 billion Terminal F, DFW’s sixth terminal, will break ground in 2024 and will include a 15-gate concourse and state-of-the-art facilities and amenities. An estimated $2.72 billion will fund the expansion of the airport’s Central Terminal Area, with “a major reimagining of Terminal C, ‘pier’ expansions off Terminal A and Terminal C, and significant upgrades to roadways and terminal access.”
2 UNT Dallas Area
5 4
DART Silver Line
DART’s Silver Line is a $1.89 billion commuter rail that will connect Plano to DFW International Airport with stops at 8 stations in between. The route follows that of the old Cotton Belt Railroad freight line and will stretch 26 miles Opportunities for new transit-oriented development include Cypress Waters in Irving, the Addison Transit Center, CityLine in Richardson, and the $1 billion mixed-use development at Carrollton’s Trinity Mills Station, the largest DART interchange outside of downtown Dallas. The Silver Line is scheduled to begin operating as soon as late 2025.
3
The University of North Texas at Dallas is constructing a $100 million, 4-story STEM facility that will feature amenities including biology and chemistry teaching and research labs to help provide a pathway to high-demand, high-wage healthcare careers for primarily first-generation and minority students. Nearby, Hoque Global is developing the 270-acre University Hills project with an ultimate build-out that will include 1,500 multifamily units, 50 acres of green space, and 1.5 million square feet of commercial space that may include offices, flex space, and life science facilities.
6
Dallas International District
The Dallas International District is a 450-acre area of North Dallas seeking to become the choice of international business and talent. The District centers around the $5 billion Dallas Midtown project that will create a “city-within-a-city” with hotels, office towers, thousands of residential units, and a 20-acre Midtown Central Park. The European American Chamber of Commerce and the FrenchAmerican Chamber already have offices in the District, and the Department of Labor launched a first-of-its-kind American Job Center in 2023.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 204
PROJECT PIPELINE | FUTURE PROJECTS
Newpark –A Smart District
7
Newpark—A Smart District & SoGood at The Cedars
Hoque Global has plans for two projects in downtown Dallas neighborhoods.
Newpark—A Smart District is a $3.5 billion multi-phase tech and educational hub on a 20-acre site south of Dallas City Hall. Highlights of the plan call for a unique 1 million-square-foot education campus and a centerpiece 38-story mixed-use tower, One Newpark. SoGood at The Cedars will transform 15 acres of former industrial land in an Opportunity Zone into a mixed-used neighborhood. The masterplanned community will cater to local startups, entrepreneurs, and creative firms.
Children’s Health/ UTSW Pediatric Center
Children’s Health and UT Southwestern Medical Center have unveiled plans for a new $5 billion pediatric health campus in Dallas’ Southwestern Medical District. The new campus will span more than 33 acres, featuring two 12-story buildings and an eight-story tower. It will also serve as a hub for research, training, and technology development. A 2 million-square-foot hospital will include 552 beds, two helicopter pads, a Level I pediatric trauma center, and a new fetal care center to provide the region’s most advanced and accessible services for complex maternal and fetal health care.
9
Texas Research Quarter
NexPoint, a Dallas-based investment firm, is converting the 1.6 million-square-foot former EDS campus in Plano into a $4 billion, 200-acre life science complex
The Plano City Council approved the Texas Research Quarter, or TRQ, redevelopment plan that will center on the existing 91-acre main campus. The TRQ will incorporate an additional 109 acres and will include 375,000 square feet of pharmaceutical manufacturing space; lab, office, and therapeutic production space; a 300room hotel; and nearly 800 apartments surrounding a 9-acre park in the Legacy Business district.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 1 3 5 5 6 7 10 8 2 12 12 12 15 13 17 4 9 18 11 14 12 12 16 12 12
PROJECT PIPELINE | FUTURE PROJECTS 205
8
DALLAS
FORT WORTH
McKINNEY DENTON
10
Field Street District
The Field Street District is a six-acre, $1 billion mixed-use development in downtown Dallas within walking distance of the Dallas World Aquarium and West End to the east, the Perot Museum and Victory Park to the north, Klyde Warren Park and the Arts District to the west, and the Main Street District to the south. The first phase will include an office tower and 300 apartments, but the plan ultimately calls for two residential high-rises, 1.2 million square feet of office space, a hotel, and up to 40,000 square feet of amenity and retail space. The proposed Ross + Field Tower will be a key product in the district with a 150-room boutique hotel and 100 residential units.
13
Dallas Convention Center
The Dallas City Council approved plans for a $3 billion realigned convention center, which voters ratified in a $1.2 billion bond proposition in 2022. The current facility will be torn down and replaced with a 2.5 million-squarefoot convention center. The project will connect downtown to surrounding neighborhoods to the south with a deck park spanning I-30. The facility will include 800,000 square feet of exhibit space, 260,000 square feet of meeting rooms, and a 170,000-square-foot ballroom. The new facility’s orientation will open up approximately 30 acres of underutilized land for private-sector development to support the convention center as a destination location. Construction is scheduled to begin in 2024.
11
Universal Kids Resort
Universal Parks & Resorts is building a new theme park and hotel concept in Frisco unlike any other in its portfolio. The Universal Kids Resort is a 97-acre theme park located in the $10 billion Fields development and will cater to families with young children. Smaller than typical Universal parks, the purpose of the design is to be more intimate and engaging for a younger audience. It will offer “immersive themed lands,” family-friendly attractions, interactive and playful shows, unique merchandise, “fun” food and beverage venues, and character meet-and-greets. The resort will also include a 300-room themed hotel.
14
The Mix
Located in the North Platinum Corridor of Frisco, The Mix is a $2 billion, 112-acre project that will include 2 million square feet of office space, 375,000 square feet of retail, two hotels, townhomes, 3,000 other living units, and 16 acres of green space. The Frisco City Council has approved plans for the first phase of the development including 26 acres, approximately 100,000 square feet of retail space, a 120,000-square-foot medical office building, 650 apartments, and a portion of a 9-acre central park. The park will include an event lawn and performance pavilion, playgrounds, promenades, and a pond. A 2,200-space underground parking garage will fill in a massive excavated hole left by previous builders, and will serve the new community.
12
Haggard Farm West
One of the last remaining urban farm tracts owned since the mid-1800s by a Plano pioneer family will become a 142acre mixed-use development with office, retail, hotel, and residential construction. Haggard Farm West is a phased project with a $20 million, 189,000-squarefoot office building and the first units in a 569,000-square-foot multifamily development scheduled for a 2024 delivery. 34 acres will be dedicated to the city as a neighborhood park. The project will also include The Almanac, a farm-to-market themed dining center with outdoor event space, a 98-room hotel, a retail village, a senior housing community, and townhomes.
15
Panther Island
The U.S. Army Corps of Engineers secured $400 million necessary to complete the Central City Flood Control Project that will create Panther Island. Two bypass channels and supporting infrastructure are scheduled for a 2029 completion date with dams and pump stations being completed three years later. The $1.1 billion project is expected to open up 440 acres of developable real estate. Early plans called for a highdensity, mixed-use urban waterfront including 10,000 housing units, 3 million square feet of commercial, retail, and educational space, and connectivity to downtown and surrounding neighborhoods. Developers have prospectively purchased land, including a 12-acre investment where a $120 million mixed-use development may spur additional interest.
DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 206 PROJECT PIPELINE | FUTURE PROJECTS
16
Sloan Corners
A nearly 500-acre mixed-use project in Allen and Fairview by developer Billingsley Company will create a development that eventually will total more than $3 billion in value and fill one of Dallas-Fort Worth’s largest undeveloped intersections. The first phase of the development, Sloan Corners, could bring as much as $2 billion in value alone. Plans for Sloan Corners include more than 10 million square feet of office, 6,000 apartments, over 200,000 square feet of retail space, and greenbelts, parks and walking trails. A reinvestment zone and tax increment finance district will help pay for
17
Hensley Field
A decommissioned naval air station on Mountain Creek Lake in southwest Dallas received Dallas City Council approval for a 20-year, $390 million master plan for redevelopment . Hensley Field has the potential to become a walkable, 738acre mixed-use community with 6,800 residential units, a 40-acre Innovation Village on a unique runway peninsula, waterfront trails, and a new marina. Other amenities include 185 acres of public open space connecting communities with parks, greenways, natural preserves, and 7.5 miles of trails, and historic preservation of the site’s military and premilitary history.
Harold Simmons Park
The Trinity Park Conservancy unveiled plans for the $325 million Harold Simmons Park—a 250-acre park along a stretch of the Trinity River close to downtown. Named after the late billionaire businessman whose wife, Annette Simmons, donated $50 million for the park, it will be located between the Margaret McDermott Bridge and Ronald Kirk Bridge just west of downtown Dallas. The park will include amenities that range from a river overlook to an event lawn that can host 3,000 people, and from a two-acre bike and skate park to a community-designed “water factory” that serves as both splash pad and irrigation source. Anticipated annual attendance is 4 to 6 million visitors
M o d er n ho mes f ue
d by re liable nat ural g as.
Choosing a home with natural gas is the smart choice that saves homeowners time and money. Natural gas is efficient, affordable, and reliable energy for today and generations to come.
2024 DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 207
at m ose ne rg y.co m/w hyc ho ose g as
le
Homeowners choose natural gas.
18
| FUTURE PROJECTS
PROJECT PIPELINE
2020 JACK HILL COOKE CLAY MONTAGUE BOSQUE WISE ERATH PARKER DENTON TARRANT JOHNSON HOOD PALO PINTO SOMERVELL FORT WORTH Denton Arlington Mansfield Euless Reno Grand Prairie Cleburne Grapevine Keller Flower Mound Grapevine Lake Eagle Mountain Lake Burleson Southlake Azle Briar CDP Northlake Rendon CDP Hurst Argyle Mineral Wells Granbury Haslet Colleyville Bedford Benbrook Pecan Acres CDP Cresson Corinth Haltom City Sanger Joshua Stephenville Decatur New Fairview North Richland Hills Crowley Saginaw Westlake Bridgeport Alvarado Keene Kennedale Bartonville Roanoke Oak Point Aurora Boyd Dublin Willow Park Cross Runaway Bay Watauga Aledo Ponder Krum Forest Hill Eagle Mountain CDP Highland Village Copper Canyon Justin Cool Venus Trophy Club Annetta Hickory Pecan Plantation CDP White Settlemen t Glen Rose Springtown Godley Annetta North Rhome Tolar Richland Hills Paradise Alvord Lake Worth Chico DISH Millsap Double Oak Weatherford Everman Lipan River Oaks Lakeside Grandview Annetta South Pantego Gordon Oak Trail Shores CDP Rio Vista Briaroaks Cross Timber Graford Newark Sanctuary Dalworthington Gardens Edgecliff Village De Cordova Bend Pelican Bay Westover Hills Blue Mound Lake Bridgeport Gainesville DFW INTERNATIONAL AIRPORT DENTON MUNICIPAL AIRPORT FORT WORTH ALLIANCE AIRPORT FORT WORTH MEACHAM INTERNATIONAL AIRPORT NAS FORT WORTH JOINT RESERVE BASE FORT WORTH SPINKS AIRPORT ARLINGTON MUNICIPAL AIRPORT Hudson Oaks REGIONAL MAP 208
2020 FANNIN GRAYSON VAN ZANDT HENDERSON LAMAR HOPKINS RAINS DELTA FREESTONE ELLIS HUNT COLLIN DALLAS NAVARRO KAUFMAN ROCKWALL DALLAS Plano Irving Frisco Garland Wylie McKinney Allen Lewisville Carrollton Cedar Hill DeSoto Anna Grand Prairie Ennis Mesquite Midlothian Waxahachie Prosper Greenville Terrell Rockwall Lake Ray Hubbard Joe Pool Lake White Rock Lake Mountain Creek Lake Lewisville Lake Lancaster Celina Rowlett Richardson Corsicana Little Elm Forney Lucas Heath Coppell Sunnyvale Seagoville Red Oak Melissa The Colony Royse City Sachse Fate Parker Fairview Ovilla Hutchins Mildred Alma Duncanville Mabank Athens Weston Combine Kaufman Wilmer Ferris Eureka Princeton Commerce Murphy Farmers Branch Retreat Balch Springs Talty Point Rice McLendonChisholm Addison Glenn Heights Cross Roads Angus Italy Campbell Lavon Crandall Kemp Milford Palmer Pilot Point Caddo Mills Kerens Rosser Creek Farmersville Oak Ridge Scurry Aubrey Oak Leaf Powell University Park Frost Pecan Hill Shady Shores Nevada Oak Valley Oak Grove St. Paul West Tawakoni Josephine Lowry Crossing Cottonwood Quinlan Highland Park Wolfe City Celeste Union Valley New Hope Blue Ridge Goodlow Lone Oak Krugerville Hebron Grays Prairie Garrett Post Oak Bend City Maypearl Navarro Barry Blooming Grove Cockrell Hill Bardwell Emhouse Hawk Cove Neylandville Mustang Sherman Denison INTERNATIONAL AIRPORT DALLAS LOVE FIELD DALLAS EXECUTIVE AIRPORT LANCASTER REGIONAL AIRPORT MESQUITE METRO AIRPORT ROCKWALL MUNICIPAL AIRPORT McKINNEY NATIONAL AIRPORT 209
GRAND PRAIRIE, A CLEAR LANDING FOR YOUR BUSINESS Grand Prairie is minutes from both DFW International and Dallas Love Airports – and is already home to headquarters like Lockheed Martin’s Missiles & Fire Control division and Airbus Helicopter’s North American base. And Grand Prairie is doing all it can for companies approaching DFW. Frontage roads along IH-30 and IH-20. New lanes and prime property on SH 161/President George Bush Turnpike. Plans for corporate office, multi-family, entertainment and retail projects that are already taking off. #BoldestAndGRANDest 972-237-8081 • www.gptx.org
Helicopters, Inc. in Grand Prairie
Airbus
and SH 161 in Grand Prairie DFW Airport is minutes from Grand Prairie #3 BEST CITY FOR JOBS IN TEXAS (WALLETHUB.COM) #4 SAFEST CITY IN TEXAS (WALLETHUB.COM) #4 FASTEST GROWING REAL ESTATE MARKET IN TEXAS (ACEABLEAGENT.COM) #5 BEST PLACE TO MOVE IN USA (NEW YORK TIMES)
IH-30
MAKE COMMUTING LESS WORK FOR YOUR EMPLOYEES. BRINGING THE DART CORPORATE PASS PROGRAM TO YOUR BUSINESS HAS ITS BENEFITS. GET YOUR COMPANY ON BOARD! SIGN YOUR COMPANY UP FOR DART’S CORPORATE PASS PROGRAM AT DART.ORG/CORP REDUCE STRESS Fighting traffic can take a toll on your employees. Riding DART can improve their quality of life, thus making them more productive at work. RECRUITMENT With a 700-square-mile service area, DART expands your company’s pool of prospective workers, giving you an edge in attracting – and retaining –top talent. SAVE MONEY Taking DART instead of driving can save your employees up to $8,500 a year in total expenses. It’s like giving them a raise without affecting your bottom line. LOWER CARBON FOOTPRINT Today’s companies and employees are concerned about the environment. Taking DART help us all do more to reduce emissions.