DALLAS® Economic Development Guide 2024

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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

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

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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.

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.

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

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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

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DALLAS REGIONAL ECONOMIC DEVELOPMENT GUIDE 2024 172
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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
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offerings.
district websites will reveal their distinct
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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.

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Legend Private School
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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

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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
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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
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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.

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Goldman Sachs Harwood Park Bank of America Texas Instruments

● Office Under Construction

● Announced Office Projects

● Industrial Under Construction

● Announced Industrial Projects

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 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
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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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

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