Economic Development Update

By Erica Flores, Coordinator, Economic Development

The Dallas Regional Chamber’s Strategic Plan, launched in 2010, identifies the DRC’s primary role: economic development.

Every DRC initiative will support the Dallas region’s economic growth, thus fulfilling our mission:

Together, we will lead the Dallas region to become the most economically prosperous region — and the most desirable place to live and work — in the United States.

The DRC’s economic development team works vigorously to help support that mission.  Each month we’ll provide an update on these initiatives and projects that support our strategic plan goals.

CURRENT ACTIVITY

  • Jessica Heer, Managing Director of Economic Development, recently travelled to New York attending the TexasOne Business Recruitment Mission hosted by Texas first lady Anita Perry in partnership with Office of the Governor Economic & Tourism Division and the Texas Economic Development Corporation.
  • The DFW Marketing Team, consisting of economic development organizations that represent DFW area communities for purposes of business recruitment and expansion, is hosting a booth at ICSC’s RECon Expo this month in Las Vegas.  Participating communities include: Allen, Colleyville, Flower Mound, Mansfield, North Richland Hills, and Weatherford.
  • The DRC’s Blueprint Investors and Headquarters Recruitment Committee members hosted a successful welcome reception on April 26th, honoring CEO’s of newly-located companies and new CEO’s of companies already based here, with an excellent turnout.
  • The DRC will host the Brookings Institution’s Alan Berube next month for a 2012 Economic Series event titled “DFW Competing for Prosperity.”
  • The DRC is a primary co-sponsor of a May 24th event hosted by Mayor Rawlings and organized by the Oak Cliff Chamber.  “Building South” is a multi-topic event intended to provide information to the real estate community about opportunities in Southern Dallas.  Over the past several years, the Chamber has either supported or organized similar events, and will continue to do so going forward.
  • Speaker invitations have been sent for our CEO Series that will offer a unique forum giving local top executives an opportunity to gain a different perspective from corporate executives of top companies outside of our region, yet with significant ties to North Texas.  The Chamber is planning to host four CEO’s for the 2012 Series.

RELOCATIONS & EXPANSIONS

Inogen Inc. expands to Richardson; plans to hire 200 employees” – Dallas Business Journal, May 2012
California-based Inogen Inc., a manufacturer and oxygen therapy equipment and services provider, announced it will open a corporate office in Richardson and hire 200 employees in the next 18 months.

“Mobis to set up Lancaster distribution center” – Dallas Business Journal, April 2012
Mobis Parts America purchased the 442,000 SF South Point Building in Lancaster for a parts distribution center for regional Hyundai and Kia dealerships

“California Transportation company relocates to Dallas” – Dallas Morning News, March 2012
California-based MV Transportation Inc., a large privately-owned transportation contract firm, will complete a corporate move to Dallas by June.

“CoreSpace to move HQ to Dallas from Las Vegas” – Dallas Business Journal, March 2012
CoreSpace Inc., a dedicated server and colocation data service provider, is relocating its headquarters to Dallas from Las Vegas.

ACCOLADES

The Best Cities for Jobs – Dallas/Plano/Irving Ranked #6 and Fort Worth/Arlington Ranked #4 Among Large-Sized Cities
Forbes.comLink

Texas Best State for Doing Business
CEO MagazineLink

Texas Home to 52 Fortune 500 Companies; 18 in the Dallas Region
Fortune MagazineLink

Alliance ranked top foreign-trade zone
Dallas Business Journal – Link

Texas Ranks 6th in Forbes’ 2011 Best States for Business
Forbes.com – Link

Texas home to 18 of the Most Admired Companies in America
CNN Money – Link

DFW Ranked 4th among metros with population over 1 million
Site Selection – Link

DFW ranked 5th in U.S. exports, boosting the area’s economic competitiveness
Brookings Institution - Link

CURRENT NEW ACTIVE PROJECTS INCLUDE:

  • A large Illinois-based company considering the relocation of about 200 corporate office and shared services jobs from there to Texas, 8 cities in the DFW region have been invited to respond to the opportunity.  The DRC expects to meet again with the company on its next site trip here.  We suspect that the Dallas area is very high on their options list; and it’s a company that DRC staff has met with in recent months while marketing in Illinois.
  • A well-known, San Francisco-area software services provider that is looking at DFW, Austin, Denver, Phoenix, Atlanta and a few other markets for a 500-job corporate office expansion that would host IT, HR, sales, customer service, accounting and most other corporate functions.
  • A San Antonio-based headquarters that is determining to either remain in San Antonio, move to Dallas, or possibly one other east coast city.

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Filed under Dallas, DFW, Economic Development, Industry Clusters, Innovation and Industry Clusters

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