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BUSINESS ENVIRONMENT
State & Local income tax rate
TEXAS #1 state for doing business-CEO Magazine business climate rank, 2015
COST OF DOING BUSINESS
168 Number of companies ranked in the Inc. 5000 fastest-growing private companies that call the region home
WHY DALLASWe’re certain you belong in Dallas. Why? Because with our abundantly supportive approach to business; a highly educated and skilled workforce; and a central location with amenities about as close to perfect as they come, business works better here.
st
THE DALLAS–FORT WORTH REGION HAS ONE OF THE LOWEST COSTS OF DOING BUSINESS AMONG MAJOR METROPOLITAN AREAS.
Local and state tax incentives
and cash grants
501,000In 2014, 360 new residents
were added every day 10,500,000
Projected populationof the region by 2040
DOES A MOVE TO DALLAS ADD UP?
www.DallasChamber.org/whydallas
The U.S. Chamber of Commerce Foundation ranks Dallas as the most e�icient metro region across five
areas of business regulation: starting a business, dealing with construction permits, registering
property, paying taxes and enforcing contracts.
CBD Class A O�ice $27.60 psfSuburban Class A O�ice $26.28 psfIndustrial $4.10 psf
Typical Lease Rates
Typical Construction Costs
O�ice Class A* $140.00 psfO�ice Class B* $90.00 psfIndustrial (tilt wall)* $34.00 psf * before tenant improvement
METRO AREA MOODY’S COST OF DOING BUSINESS OVERALL INDEX
NEW YORK
SAN FRANCISCO
SAN DIEGO
WASHINGTON D.C.
BOSTON
LOS ANGELES
MINNEAPOLIS
CHICAGO
DALLASDENVER
ATLANTA 88.27
96.20
93.17
99.06
102.95
107.15
119.60
121.16
121.77
123.93
160.68
7%LOWER
The cost of doing business is 7% lower in Dallas than the national average
It’s about our low taxes, a low cost of doing business and a business-friendly environment not just in the Dallas region, but also the State of Texas. Those are just a few of the reasons why 21 Fortune 500 companies, 9 Forbes top private companies, and 41 among the Fortune 1000 call the region home.
It’s also about our people. We have 12 four-year universities in the region and seven community college districts. That, combined with a population that’s growing by 360 people every day, provides a robust workforce.
And it’s about our accessibility. Due to DFW’s central location and world-class transportation infrastructure, it is easy to do business locally, nationally and globally.
U.S. Average100
Number of peopleadded to the region
between 2010-14
Rail transit time
ChicagoAtlantaHouston
Los Angeles (Long Beach) 4 days
3+ days
3 days
1 day
Ring
123
102448
600960
1,180
9661,5452,887
16%37%93%
Truck Transit Time and Population ServedHours Miles Kilometers % of U.S.
Pop. Served
FLIGHT TIME FROM DFWNew York, NY (NYC) 3 hrs. 19 min
Los Angeles, CA (LAX) 3 hrs. 20 min
Toronto, ON, Canada (YTO) 2 hrs. 55 min
Mexico City, Mexico (MEX) 2 hrs. 32 min
Tokyo, Japan (TYO) 13 hrs. 37 min
London, U.K. (LHR) 8 hrs. 58 min
ACCESSIBILITY
Central U.S. location featuring Dallas/Fort Worth International Airport
Number of Associates, Bachelors, Masters and PhD degrees awarded in 2013-2014 by Dallas region institutes of higher education
62,531
RECENT HEADQUARTER MOVES & EXPANSIONS
Dallas Love Field, just seven miles from downtown Dallas, serves more than 14 million passengers a year. It is also the home to Southwest
DFW International Airport is only one of 14 airports in the world with over 200 direct destinations.
206NON-STOP
DESTINATIONS
57INTERNATIONALDESTINATIONS
149DOMESTIC
DESTINATIONS
WORKFORCE & EDUCATION
The Dallas regional economy is among the most diverse in the nation, which means companies can draw from a deep base of skilled workers.
AVERAGEDRIVE TO WORK
HOURS MINUTES SECONDS
• Active Network and Omnitracs, two technology companies from San Diego, moved their headquarters to downtown Dallas. Together, the two companies will generate 1,450 jobs.
• Bassett Furniture will open an upholstery manufacturing plant in Grand Prairie. The new 86,000-square-foot plant will house approximately 70 employees.
• Hilti Inc. is relocating its Tulsa-based North American corporate headquarters, test lab, repair service and distribution centers to Plano and is expected to bring about 250 employees.
• Barclays Bank opened a new technology center at the McKinney Corporate Center at Craig Ranch, a move expected to eventually bring 500 jobs.
• State Farm Insurance is anchoring a new regional o�ice in a $1.5 billion mixed-use transit development under construction in Richardson.
• GDC Technics is moving into a 778,000-square-foot hanger at Alliance Airport in Fort Worth. The company will employee up to 600 people by 2020, that includes engineers, technicians, aircra�s maintenance and other specialties.
• CVE Technology Group, an a�ermarket service provider for cellular handsets and consumer electronics moved from New Jersey to Allen with plans to employ 1,200 people.
• Toyota is consolidating its North American headquarters for manufacturing, sales and marketing, finance and corporate operations to a single location in Plano, generating approximately 4,000 jobs.
DFW HAS THE 7TH LARGEST CONCENTRATION OF HIGH-TECH JOBS IN THE U.S.
Top 10 Metros New York 448,318Washington D.C. 344,644Los Angeles 328,078Boston 236,248San Francisco 233,987Chicago 233,470Dallas 228,835San Jose 213,158Houston 212,994Seattle 198,523Philadelphia 164,152
Other Texas MetrosAustin 90,643San Antonio 43,436
27 30 0
Number of students enrolled in major universities and colleges throughout the Dallas region in 2014
379,585
MANAGEMENT172,471| Total Workers $99,965 | DFW Median$89,502 | U.S. Median
PRODUCTION195,552 | Total Workers $31,408 | DFW Median$31,637 | U.S. Median
BUSINESS & FINANCIALOPERATIONS 202,877 | Total Workers $68,702 | DFW Median$64,584 | U.S. Median
COMPUTER & MATHEMATICAL139,913 | Total Workers $80,600 | DFW Median$78,749 | U.S. Median
ADMINISTRATIVE &SUPPORT SERVICES626,593 | Total Workers $35,027| DFW Median$33,738 | U.S. Median
TRANSPORTATION &MATERIAL MOVING252,013 | Total Workers $30,659 | DFW Median$31,637 | U.S. Median
KEY OCCUPATIONS IN SELECT DFW INDUSTRIES
WANT MORE INFORMATION ON DALLAS-FORT WORTH? VISIT WWW.DALLASCHAMBER.ORG/DFWFACTS
High-TechJobs
