In recent years, Dallas has emerged as a hotspot for business expansion and relocation, drawing the attention of CEOs and business owners from across the nation. From Caterpillar to Google, a multitude of companies have been setting their sights on this vibrant city.
As a business owner myself, I’ve been closely following the trend of companies moving to Dallas, and it’s no surprise that the list keeps growing. In this article, we’ll explore the reasons behind this migration, the companies that have made the move, and what it means for the future of business in the Lone Star State.
Companies Moving to Dallas
Dallas is a convenient location that boasts a skilled and diverse workforce, top-notch educational institutions, and an affordable cost of living. While many companies moved to Texas, here are some of the top companies moving to Dallas.
AT&T
AT&T, one of the world’s largest telecommunications companies, has deep-rooted ties to Dallas.
While the company was already headquartered in the city, it reaffirmed its commitment to Dallas by investing in a major downtown campus expansion. AT&T’s presence in Dallas has been instrumental in the city’s growth as a technology hub, attracting talent and fostering innovation.
Landsea Homes
Landsea Homes, a leading home builder with a focus on sustainability, expanded its footprint in the Dallas-Fort Worth area. This move was driven by the region’s robust housing market and the city’s strong economic fundamentals.
As more people move to Dallas for job opportunities and a lower cost of living, housing development companies like Landsea Homes are capitalizing on the growing demand for quality homes in the Dallas area.
Tesla
The company’s decision to build a Gigafactory in Austin, about three hours outside of Dallas, is a significant addition to the list, underlining Texas’s growing importance in the electric vehicle sector and the state’s attractiveness to innovative companies like Tesla.
Tesla offers an excellent relocation package in order to keep some of the best employees or to appeal to new hires.
CBRE
CBRE, the world’s largest commercial real estate services and investment firm, has had a long-established presence in Dallas. The city’s booming real estate market and business-friendly policies have allowed CBRE to thrive.
Companies seeking commercial real estate solutions naturally turn to established players like CBRE, making Dallas an ideal location for the company’s headquarters.
Frontier Communications
Frontier Communications, a telecommunications company that provides internet, TV, and phone services, relocated its corporate headquarters to Dallas in 2016.
The move was driven by Dallas’s central location and access to a diverse talent pool, enabling the company to better serve its customers across the nation. The city’s strong connectivity infrastructure also played a pivotal role in Frontier’s decision.
Apple
Apple, a tech giant known for its innovation in consumer electronics, made a significant commitment to Dallas with the construction of a $1 billion campus in North Austin, just a few hours away from Dallas.
While not directly in Dallas, this move underscores Texas’s appeal to major tech companies. The state’s business-friendly environment and its absence of personal income tax have made it a magnet for tech talent and investment.
Amazon
Amazon, the e-commerce titan, established its presence in Dallas through its acquisition of Whole Foods Market in 2017. This acquisition expanded Amazon’s footprint in the grocery industry and solidified its presence in the Dallas area.
The move aligns with Amazon’s strategy to tap into local markets and leverage their vast distribution network.
Google, another tech behemoth, has been growing its operations in the Dallas area. The company has invested in data centers in the region, taking advantage of the state’s reliable energy infrastructure and favorable business conditions.
This expansion reflects Google’s commitment to supporting its cloud services and catering to the needs of businesses in the area.
Fluor
Fluor Corporation, a global engineering, procurement, construction, and maintenance company, is another business that recognized the benefits of operating in Dallas.
The city’s central location within the United States and its strong transportation infrastructure have made it a strategic base for Fluor’s operations, allowing the company to efficiently serve clients across the country.
Jacobs
Jacobs, an international technical professional services firm, relocated its global headquarters from California to Dallas in 2016.
The move was prompted by Dallas’s lower cost of living, business-friendly environment, and access to a diverse and skilled workforce. Jacobs’s presence has added to the city’s growing reputation as a hub for engineering and technical services.
McKesson
McKesson Corporation, one of the world’s largest pharmaceutical distribution and healthcare solutions companies, moved its corporate headquarters to Irving, a suburb of Dallas, in 2018.
The decision was influenced by the city’s strategic location, which provides easy access to healthcare providers and businesses across the nation. Furthermore, Texas’s lack of state income tax is an appealing factor for both corporations and employees.
Why Do CEOs Want to Move Their Companies to Dallas?
So, what is it about Dallas that has enticed CEOs and business owners to make the move? There are several compelling reasons that make moving to a new state, specifically Dallas TX, an attractive destination for businesses:
Central Location
Dallas’s central location within the United States makes it a strategic hub for companies seeking to expand their reach across the country. It offers easy access to major markets and a well-developed transportation infrastructure.
Many potential new hires willingly move to Dallas from across the country because of the great business opportunities Dallas offers. Many of these companies use relocation specialists to help the new hires move to this new location.
Access to Talent
The Dallas-Fort Worth metropolitan area is home to a diverse and highly skilled workforce. The city’s universities and research institutions produce a steady stream of talent, especially in the fields of technology, engineering, and healthcare. Additionally, many military families move to Fort Worth with the help of military relocation professionals and seek careers in Dallas.
Quality of Life
Dallas boasts a high quality of life with a vibrant cultural scene, excellent schools, and a variety of recreational opportunities. The cost of living is reasonable, which is appealing to both businesses and their employees.
Connectivity
Dallas has a robust digital infrastructure, making it an ideal location for companies in the tech and telecommunications sectors. High-speed internet and reliable connectivity are crucial for modern businesses.
Housing Market
The Dallas housing market is thriving, offering affordable options for both employees and executives. This affordability is a significant draw for businesses looking to relocate their workforce.
Tax Advantages
Dallas and the state of Texas as a whole are known for their business-friendly tax environment. One of the primary attractions for CEOs is the state’s lack of state income tax, which can lead to significant cost savings for both corporations and their employees.
The absence of certain corporate taxes also makes it financially advantageous for companies to operate in Dallas.
Business-Friendly Regulations
Dallas is known for its streamlined and business-friendly regulatory environment. The city and state have implemented policies that encourage entrepreneurship and economic growth.
Reduced bureaucracy and a welcoming approach to businesses have been key factors in attracting companies to the area.
Economic Stability
Dallas has a track record of economic stability and resilience. Even during economic downturns, the city and its businesses have shown the ability to adapt and thrive.
This stability provides a sense of security for CEOs and investors, making Dallas an appealing destination for long-term business growth.
Infrastructure and Transportation
Dallas boasts a well-developed infrastructure, including a major international airport, extensive highway networks, and a growing public transportation system.
This infrastructure facilitates the movement of goods and people, making it easier for businesses to conduct operations and connect with clients, suppliers, and partners both domestically and internationally.
Quality Education
Dallas is home to several prestigious universities and research institutions, including the University of Texas at Dallas and Southern Methodist University.
This access to higher education institutions not only ensures a continuous supply of skilled talent but also fosters research and innovation partnerships between businesses and academia.
Diverse Economy
Dallas has a diverse and resilient economy that spans various sectors, including technology, healthcare, finance, manufacturing, and energy.
This economic diversity reduces the risk associated with dependence on a single industry and provides opportunities for collaboration and growth across sectors.
Networking and Collaboration
Dallas offers a thriving business ecosystem with numerous industry associations, networking events, and professional organizations. CEOs moving their companies to Dallas can tap into this network to foster collaborations, partnerships, and business development opportunities.
Quality of Life for Employees
Dallas provides a high quality of life for employees, with a wide range of housing options, cultural attractions, recreational activities, and a generally favorable climate. This ensures that companies can attract and retain top talent, which is crucial for sustained growth and success.
Global Gateway
Dallas’s strategic location and its international airport make it a gateway to global markets. Companies operating in Dallas have easy access to markets not only within the United States but also in Latin America and other parts of the world.
Sustainability Initiatives
Dallas has been actively promoting sustainability and environmental consciousness. Many businesses are drawn to the city’s commitment to green initiatives, which align with their corporate social responsibility goals and resonate with environmentally conscious consumers.
How ARC’s Realtor Rebate Program Helps Employees Make the Move to Dallas
Relocating to a new city can be a daunting prospect, especially when it involves finding a new home. ARC Relocation’s Realtor Rebate Program is a valuable resource that significantly eases the transition for employees moving to Dallas. The program can help make the move easier for employees by providing financial assistance, access to trusted realtors, and reducing stress.
Conclusion
In conclusion, the surge of companies moving to Dallas is not merely a passing trend; it stands as a testament to the city’s enduring appeal as a premier business destination.
With its thriving economy, supportive policies, and strategic location, the Lone Star State continues to shine as a beacon for corporate success. So, as you contemplate your company’s future, don’t be surprised if Dallas finds itself at the forefront of your relocation considerations.
At ARC Relocation, we can help with your company’s move to Dallas. Contact us today for a consultation.