2012 has been an eventful year for the Dallas Regional Chamber and our economic development staff. As staff winds down this year’s activities, we’re all diligently preparing for a successful 2013. Thank you to all those that support the Dallas Regional Chamber and our efforts in Economic Development.
Staff will conclude the year having conducted or participated in 17 marketing trips, events or activities, a record high number for recent years; as we have deliberately strived for greater outreach and penetration into opportunities that may exist for our region. The most recent trip was after Thanksgiving to Chicago with the Fort Worth Chamber of Commerce and Oncor. Multiple trips each with the State of Texas, Fort Worth Chamber and DFW Marketing Team helped build our Chamber’s brand with national brokers and consultants.
The pipeline of prospect activity has seen an increase in corporate office projects; particularly in financial services (of varying types) and also with respect to the numbers of jobs. Typical right now are 1,000+ job projects, as opposed to smaller numbers of jobs in the previous couple of years; perhaps indicative of larger companies in high cost and stressed markets being more diligent in thinking about other high quality yet lower cost markets in which to locate. Quantity and quality of the labor force has ratcheted even higher than its normal prominence in terms of a critical evaluation factor.
In line with our strategic goals, a new technology and health care corporate recruitment committee is now meeting and will be guiding our efforts in a similar fashion as the established headquarters recruitment committees and subcommittees guide those efforts.
The Dallas Regional Chamber in partnership with Bain & Co. has embarked upon a study to analyze the research capabilities of nine local universities and to develop a model whereby they can collaborate to grow the research pie in North Texas. Bain’s portion of the project is halfway complete with next steps focusing on developing a structure for a research institute and meeting with local corporations to further refine the focus areas.
The Dallas Regional Chamber has officially moved into our new office space at Lincoln Plaza and the economic development group has wasted no time getting settled in and working a hefty load of projects and events. Don’t worry though; we all still have our focus on working hard to support the Dallas region’s economic growth. Continue reading to see what’s been keeping us so busy.
DRC Staff participated in a joint marketing trip last month to New York with the Fort Worth Chamber of Commerce and Oncor staff members. Our teams will engage similarly on a trip to Chicago this month, visiting with site selectors and consultants.
In preparation of the 2013 program of work and budget, staff and committees are developing a comprehensive communication and outreach plan to frame our corporate recruitment efforts for the year, with strategic goals in mind. The plan will be multi-faceted and wrap in both our headquarters recruitment and technology company recruitment goals.
The DRC partnered with the City of Dallas as its economic development staff attended and exhibited at a major real estate conference, SIOR, promoting Dallas as corporate location. Those in attendance report it was a great event and may become a program for the DFW Marketing Team. Continue reading
By M. Ray Perryman, PhD, Founder and CEO of The Perryman Group
(Dr. Perryman will be a featured speaker at our Economic Outlook Summit.)
The United States economy continues to grow slowly, but uncertainty is constraining performance. Internationally, a number of European countries are struggling with major debt issues, tensions remain high in the Middle East, and the Chinese economy has cooled. While US firms are hiring, the pace of increase is too slow to make much headway in improving the job market.
The major domestic issue remains the “fiscal cliff” which is coming at the end of this year if Congress and the President fail to take action. It involves the elimination of tax breaks (some of which have been in place for many years) as well as substantial across-the-board budget cuts. The consensus view is that this outcome would dramatically curtail economic growth, possibly pushing the United States back into a recession.
At this point, the most likely course of action appears to be measures to put off the worst of the effects in hopes that a more meaningful solution can be crafted once the election is over. Assuming this occurs, we could see some increase in momentum over the next year as this major cause for concern is dealt with. Continue reading
Dr. Susan Bailey, Vice Speaker, House of Delegates, American Medical Association, Past President, Texas Medical Association and Practicing Fort Worth Physician spoke recently at our annual Healthcare Conference where she discussed issues of health on business. View her presentation, “Health Care Issues and Legislation Impacting Businesses Today,” below.
By Erica Flores, Manager, Economic Development
Fall is in the air and we’re finding it to be one of the busiest seasons in our economic development group at the Chamber. We’re gearing up for our big office move next week, hosting projects, handing out awards, taking marketing trips, and expanding our ED family. As always, we are all working hard to support the Dallas region’s economic growth. Read on to see what we’ve been up to.
Mike Rosa and Erica Flores attended the TEDC Annual Conference in Austin last month. The Texas Economic Development Council is the largest state association of economic development professionals, volunteers, and elected officials that share one common goal — bringing new investment and jobs to Texas. Continue reading
DALLAS (Oct. 10, 2012) – Wednesday, Oct. 10, business and community leaders came together at the Hilton Anatole to honor several Dallas-area companies and projects that have contributed to the vitality of the region through job growth, location and expansion activities during the Dallas Regional Chamber’s Momentum Awards Powered by Blueprint for Prosperity.
“Over the last ten years, the Momentum Awards have brought to light the innovation and leadership intrinsic in our community. This year’s recipients are no exception,” said Jim Oberwetter, president and CEO of the Dallas Regional Chamber. “Each of the nine outstanding organizations and projects honored with 2012 Momentum Awards have done their part superbly to help boost the local economy and made a lasting impact on our community.”
Established in 2003 as the Momentum Awards, the Momentum Awards Powered by the Blueprint for Prosperity celebrate companies, organizations or projects that have created positive economic momentum in the Dallas region. Six hundred people attended the event sponsored by Citi and Holmes Murphy & Associates. Continue reading
By Erica Flores, Manager, Economic Development
The 2012 Dallas Regional Momentum Awards Powered by Blueprint for Prosperity recognizes companies, organizations or projects that have created positive economic momentum in the Dallas region. This year’s application process brought a record number of very qualified applicants and we’re excited to celebrate the nine recipients at this year’s luncheon. Our 2012 Momentum Award recipients have helped boost the local economy, created much needed jobs, impacted our community and even helped changed the world. Continue reading
By Sarah Carabias-Rush, managing director, economic development
The Dallas Regional Chamber will host its 4th annual healthcare conference on Wednesday, October 17th from 7:30 – 10:00 am at the Crowne Plaza Hotel Downtown. The topic is reform but not everything you’ve heard before. The speakers will focus on what’s next for Texas and what we can expect in the upcoming legislative session. Continue reading
By: Ginny Logan, SVP, Relocation Services
“In the wake of the Great Recession, States [and corporations] are working with tight budgets to deliver critical services more effectively and at a lower cost and invest where the proven returns are the greatest in areas that will generate dividends over the short and long-term.” Susan K Urahn, managing director The Pew Center on the States
Deciding to relocate a corporate headquarters or expand ones company into a new geographic market is not an easily made decision. Many critical factors must be taken into consideration and thoroughly explored before the move can be made. It may take months, or possibly years, to properly conduct research, gather data, visit select communities, and work with local and state government entities in negotiating tax incentives, business credits, exemptions and deductions that may be available. All of these play a significant role in the long-term prosperity for the company and the new community.
Today, the Dallas Regional Chamber hosted its Blueprint for Prosperity Economic Development Investors Breakfast. This quarterly meeting allows local business leaders to see firsthand how Dallas strategically manages its growth initiatives, recruiting projects, and the steps taken to continue to be one of the top-tier cities in our nation for attracting new business. Continue reading
By Erica Flores, Manager, Economic Development
Several Dallas area companies and projects will be honored at the Dallas Regional Chamber’s Momentum Awards powered by Blueprint for Prosperity to be held at the Hilton Anatole on Wednesday, October 10, 2012. The Awards, featuring the Total Job Growth Award, are sponsored by Citi and Holmes Murphy & Associates. The luncheon keynote will be delivered by Gary Kelly, Chairman of the Board, President & Chief Executive Officer of Southwest Airlines. Southwest Airlines is a 2012 recipient of the Total Job Growth Award.
Awards will be presented in the following categories: Continue reading