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F FEATURE

MANCHESTER AMSTERDAM BRUSSELS SHANGHAI HONG KONG

MOSCOW FRANKFURT LUXEMBOURG BAKU

SEOUL TOKYO

DALLAS-FORT WORTH

TAIPEI

MEXICO CITY

SHARJAH GUADALAJARA

MUMBAI

SINGAPORE

DFW’S INTERNATIONAL CARGO NETWORK SERVES 17 MAJOR CARGO HUBS AROUND THE WORLD.

Humberto Maese, the company’s president of U.S. operations. A central location is key for access to major markets across the country, and for proximity to its operations in Chihuahua, Mexico. But access to quality suppliers and professional service providers in the legal, banking, and insurance industries is also a big plus that Maese regularly shares with executives considering locating in the Dallas region. “Anything an international company would require to operate, you can find it here,” he says. The number of relocations is expected to rise as the Dallas Regional Chamber steps up its recruitment efforts in 2016. Companies in locations where DFW Airport offers direct international flights will be one focal point since North Texas has much to offer in a business-friendly environment. “There are companies around the world looking at ways to do better with greater efficiencies,” Rosa says. “The critical mass and size that we have, combined with the business-friendly and cost-friendly environment, makes our message very powerful.”

WINTER 2015

EB-5 PROGRAM DRAWS FOREIGN INVESTMENT A unique foreign investment tool called the EB-5 program has drawn $311 million to 16 commercial projects in Dallas over the last six years. The program was created by Congress in 1990 to stimulate the economy and job creation via capital investment by foreign investors. In Dallas, the EB-5 program is administered through the City of Dallas Regional Center, a publicprivate partnership between Civitas Capital Group and the City of Dallas. Civitas manages the CDRC and ensures each investment meets job creation requirements while preserving invested capital. “We believe that we are filling a gap in the marketplace where private capital has not been willing or able to go,” says Drexell Owusu, a managing

director at Civitas, noting that it saves tax payers money that might be used in a tax increment financing district. Foreign investors must invest at least $500,000 in the project, which is required to create 10 jobs (per investment) within two years. In return, they receive permanent residency for the entire family. More than half of the investors are from China, but the rest hail from 30 countries. Many are choosing to live in Dallas, bringing their families, wealth, and businesses to the area, Owusu says. Developer Craig Hall’s KPMG Plaza is one of CDRC’s most recent projects, drawing 130 investors and $65 million to the project in the Dallas Arts District. “We’re truly proud of what we’ve been able to get done,” Owusu says. “And we’re excited to continue to bring more capital to Dallas.”

D A L L A S - F O R T W O R T H R E A L E S TAT E R E V I E W / 4 5

Dallas-Fort Worth Real Estate Review - Winter 2015  

What's next for the Design District; Dallas-Fort Worth as an international hub; Sustainability; The Crane Report

Dallas-Fort Worth Real Estate Review - Winter 2015  

What's next for the Design District; Dallas-Fort Worth as an international hub; Sustainability; The Crane Report