dallas county economic development

COMMUNITY INVESTMENT IN UNDER-CHAMPIONED AREAS, Featured Image for DRC celebrates impact of Leadership Dallas. A global investment research company is opening its third U.S. office in Dallas' Victory Park development. It is an extremely walkable town, and it offers an abundance of outdoor recreation. Fort Worths blue-collar workforce provides a ready labor supply for the manufacturing sector, but a less-educated pool of workers may be a factor shifting some types of employment toward its regional neighbor, Dallas. FedEx already operates a growing regional sorting hub at Alliance. Priest Institutes mission is to help small businesses grow revenue, increase jobs and contribute to the economic growth of Dallas County. In the years surrounding World War II, Fort Worth emerged as a hub for the aviation and defense industries, key elements of the local economy today. For more information visit https://www.dallasecodev.org/, Robin BentleyDirector(214) 671-9942David SchlegBusiness DevelopmentManager(214) 671-9824Samantha TaylorBusiness DevelopmentCoordinator(214) 671-9093, On Highland Woods Drive, in Highland Hills-a section of South Oak Cliff-sits nearly five acres of untouched land. Convening voices and perspectives of those closest to the problems we are working to address. PO Box 301. Southern Dallas County Economic Development Guide. The Fund was established by the Legislature in 1995 and is administered by the Texas Workforce Commission. A host of dignitaries, including Greg Canfield, Secretary of Commerce for the State of Alabama, will be on hand Thursday at 10 a.m. at Craig Field for an economic development announcement by the Selma & Dallas County Economic Development Authority in partnership with the Craig Field Airport & Industrial Authority and the State of Alabama. Niangua River or fishing on Pomme de Terre Lake as well as watching races at the Dallas County Speedway. Data about our ever-changing economy and networking connections within the business community are invaluable. by Missouri Farmers Care, a coalition of 45 leading Missouri agricultural groups. Dallas has a population of 1.3 million people representing 17% of the 7.7 million people who call the region home. Wayne Vardaman, executive director of the Selma/Dallas County Economic Development Authority, confirmed Monday a published report that the owner of a silicon metal facility is considering reopening its plant in Selma. The City of Dallas Economic Development Incentive Policy prioritizes investment in designated target areas that align with Texas Enterprise Zones, many of which are located in Southern Dallas. Get analysis, research, resources and events delivered directly to your inbox. 8th & Corinth Hampton Westmoreland Lake June Buckner Royal Lane If the projects are successful, the same strategy could be applied to other DART stations in the future. NOTE: Bubble size represents cluster share of metropolitan statistical area employment. It also proposes providing Hope's New Door/New Beginning Center with $54,000 of FY2018 ESG funding, $59,000 in FY2019 funding, and $213,000 in CARES Act funding for rapid rehousing assistance. A total of 59.3 percent of the Fort Worth areas foreign-born population came from Latin America, less than the 68.6 percent share for Texas overall in 2016. "The mission of the Dallas Regional Chamber is to help make our region the best . This economic activity is taking place is one of the . Consistent with the areas manufacturing emphasis, 28.8 percent of workers age 25 and older hold a bachelors or higher degree, less than Dallas at 36.5 percent and the U.S. at 31.2 percent but on par with Texas at 28.9 percent (Chart 5.3). Southern Dallas County 2021 Total Population: 1,054,014 (40% of county population) Current median age is 32.5. Industry cluster growth is measured by the percentage-point change in its share of local employment between 2010 and 2017 (Chart 5.1).[2]. SOURCES: Texas Workforce Commission; Bureau of Labor Statistics. By virtue of its participation in the CDBG program, the County also receives about $500,000 of HOME funding and $100,000 of Emergency Solutions Grant (ESG) funding each year. The Product Development and Small Business Incubator Fund (PDSBI) is a revolving loan program financed through original bond issuances. The parks parent company, Six Flags Entertainment Corp., is based in nearby Grand Prairie. By Steve Brown. The new , On Highland Woods Drive, in Highland Hills-a section of South Oak Cliff-sits nearly five acres of untouched land. [7] New residents from elsewhere in the U.S. accounted for 40 percent of the metroplexs population growth in 2017, and the region took the top spot nationally for total net migration from 2010 to 2017. Rock Hill's bustling economic development scene includes a hot industrial market as well as the Knowledge Park district, which has drawn hundreds of millions of dollars of investment in recent years. This compares with 3.7 percent for Dallas over the same period. Chart 5.1: Transportation, Manufacturing and Energy Drive Fort Worths Economy, Chart 5.2: Job Gains Broad Based Across Dominant Goods and Services-Related Clusters, Table 5.1: Transportation Manufacturing and Defense Sectors Pace Earnings, Chart 5.3: Share of College Graduates Lower in Fort Worth Relative to Dallas, At the heart of Texas: Cities industry clusters drive growth, Additional tables: Fort Worth location quotients, employment shares, average annual earnings, demographics, tshaonline.org/handbook/online/articles/hdf01, www.dallasnews.com/business/jobs/2017/06/16/general-motors-bring-850-jobs-arlington, www.dallasnews.com/business/real-estate/2017/08/01/dallas-fort-worth-construction-slowing-recent-highs, www.dallasnews.com/business/real-estate/2017/05/03/facebooks-fort-worth-data-center-opening-week-getting-bigger, www.nbcdfw.com/news/local/New-450-million-Fort-Worth-Arena--419681933.html, *The Fort WorthArlington metropolitan division is part of the DallasFort Worth metropolitan statistical area (MSA) and encompasses Hood, Johnson, Parker, Somervell, Tarrant and Wise counties. Depressed natural gas prices have limited exploration of the area's Barnett Shale, but high oil prices are aiding growth in the metros energy sector. County Economic Development Group. Expanding oil production will continue to benefit Fort Worths energy and manufacturing sectors, fueling job growth in the metro. It is also proposed that the Family Place would be provided with $14,724 in FY2018 ESG funding, $15,232 in FY2019 funding, and $54,003 in CARES Act funding for rapid rehousing assistance. The May 2021 Economic Development Policy recommended the formation of the EDC to showcase all that the City of Dallas has to offer and to promote and boost Economic Development and vitality. Blue Star Land plans massive mixed-use project in growing town south of Dallas. VIEW THE GUIDE DRC Publications Utility Incentives. Through much of 2012 and 2013, the Fort Worth areas unemployment rate was lower than Dallas. 2023 Dallas Regional Chamber. The key to a thriving business is a highly skilled and fully trained workforce. [4] Major projects recently undertaken in Fort Worth include Facebooks more than $1 billion data center and a $450 million multipurpose arena near the Will Rogers Memorial Center that will become home of the annual Fort Worth Stock Show & Rodeo. tax structure, easy to navigate county and city codes, access to high By. Under this proposed use of funds; the County will receive $171,624 in FY2018, $183,232 in FY2019, and $667,003 in 2020 ESG CARES Act Phase I funds. Contact us to learn more and view our current council members. Economic Development Corporation (EDC) The May 2021 Economic Development Policy recommended the formation of the EDC to showcase all that the City of Dallas has to offer and to promote and boost Economic Development and vitality. WAC Lighting hosted a Ribbon Cutting Ceremony during the Grand Opening of its all-new 140,000 square-foot warehousing and distribution facility in Cedar Hill, Texas, on Tuesday, June 20th. DEI leaders in the Dallas Region discuss multifaceted DEI challenges and opportunities with a focus on results-driven action. Dallas County is authorized to operate Emergency Solutions Grant (ESG) programs as part of its urban county qualification under the Community Development Block Grant (CDBG) program. NOTES: Clusters are listed in order of location quotient (LQ); clusters shown are those with LQs greater than 1. The municipalities within the region offer a variety of local incentive programs to expand or relocate businesses, ranging from tax abatements and tax increment financing to the development of infrastructure and freetrade zones. By comparison, the larger food services and retail clusters (both straddling the star and emerging categories) were among the lowest paying, at about $18,300 and $31,700 a year, respectively. Dallas County is a pro-business, common sense region, primed and ready for growth. Record-high oil production in the state will continue to boost growth in the energy and mining cluster, which makes up 7 percent of the regions employment and is classified as a star among Fort Worths clusters. The programs help maintain the low cost of doing business, enabling job-creating companies to gain a competitive advantage. A $1.4 billion upgrade and expansion began at the facility in 2015, and in 2018, the company was completing a nearby manufacturing and warehousing complex to augment existing production.[3]. ECONOMIC DEVELOPMENT GUIDE The Southern Dallas County Economic Development Guide is a resource highlighting communities, real estate, employers, and talent to encourage economic development and bring jobs to Southern Dallas County. Southern Dallas County is home to an expanding, vibrant economy of 13 cities and about 60 square miles of unincorporated area. with you. The meeting is set for Monday, July 17. This city makes open space a priority with 32 parks, a system of greenbelts covering about . The Texas Enterprise Zone Program is an economic development tool for local communities to partner with the State of Texas to promote job creation and significant private investment that will assist economically distressed areas of the state. year to fish, hike, and camp. Match your background and interests to possible career options. Persistent price weaknessnatural gas was selling for about one-third of its July 2008 high in November 2018has prompted some retrenchment. location to start or expand your business. Although sometimes viewed as a single economic unit with Dallas, the Fort Worth region has a unique and complementary industry profile, with a greater concentration in energy, transportation and defense. Advance catalytic projects that dismantle barriers to economic growth, including f. Expanding community engagement efforts focusing on long-term relationships with small business, nonprofit organizations, and other local chambers. DALLAS Frost Brown Todd (FBT) welcomes veteran legal financial officer Bob Bolton as the firm's new chief financial officer (CFO). Fiscal Responsibility Dallas County has one of the lowest property tax rates in the State. The large LQs of transportation equipment manufacturing, transportation and logistics, and defense and security reflect their outsized role in the region. The average hourly wage is expected to be $13.55 an hour with a capital investment anticipated to top $20 million. The proposed activities will provide shelter services to approximately 2,600 persons and rapid rehousing services to approximately 90 persons over the next 2 years. This online resource showcases news, communities, real estate, employers, and talent spanning 12 cities and 486 square miles. Transportation Dallas County is a leader in regional transportation with a program that provides about $30 million a year in thoroughfare improvement funding. Have a question or want to get engaged with our work? We drive workforce and economic development through programs, services and relationships that align with identified needs of business, industry and community. Under this proposed use of funds; the County will receive $171,624 in FY2018, $183,232 in FY2019, and $667,003 in 2020 ESG CARES Act Phase I funds. Grants are provided to help companies and labor unions form partnerships with local community colleges and technical schools to provide custom job training. They have helped spur additional activity, much of it tied to e-commerce. The Texas Enterprise Fund (TEF) is the largest deal-closing fund of its kind in the nation. Dallas College's Bill J. A joint application from the employer and the eligible public college and/or eligible private, nonprofit organization is required to be submitted to the Local Workforce Development Board for review and comment prior to approval. Led by its Small Business Innovation Cultivator, the institute brings together resources and assets that make it a "one-stop shop" for small business services. In coordination with cities, the districts redirect some of the ad valorem tax from property to pay for improvements that generate new development in the zone. Additionally, the County is helping build acomprehensive trail system(over 100 miles presently exist in the County) so that it will be possible to travel from neighborhoods to major employers, retail areas, entertainment areas, universities, light rail stations, and parks without the use of a car. In the near term, those industries performances will help set the course for Fort Worth. As of the 2010 census, the population was 2,368,139. The Countys ESG funds are used to provide assistance to homeless organizations. The Southern half of Dallas County is home to just over 1.05 million residents, about 40 percent of the 2.61 million people who make Dallas County their home. . Programs vary by city but offer a breadth that can provide value for a variety of projects. Location quotients (LQs), which compare the relative concentration of various industry clusters locally and nationally, are a convenient way of assessing key drivers in an economy. Create an inclusive culture internally within the DRC and externally. The remaining 15% of the County's CDBG funding is used to operate a Home Loan Counseling Center which assists low/moderate income people who are interested in buying a home. United Parcel Service (UPS) has been constructing a $200 million package operations facility in Arlington, expected to employ 1,400 full-time-equivalent positions. Manufacturing operations, defense industry installations and transportation and logistics facilities provide a strong foundation of well-paying jobs. The Southern Dallas County Economic Development Guide is the Dallas Regional Chamber's initiative to bring economic development, investment, and jobs to Southern Dallas County. Dallas County Economic Development. Emerging clusters, such as health services, are fast growing; those growing slowly or contracting are transitioning.. The energy and mining cluster holds a large overall employment share and experienced the fourth-fastest employment growth of all clusters, up 26 percent from 2010 to 2017. This online resource showcases news, communities, real estate, employers, and talent spanning 12 cities and 486 square miles. NOTE: Share of population age 25 and over. Located north of Cedar Ridge Preserve, Big Cedar Wilderness features over 50,000 trees and , The DEC Network celebrated its 10th birthday by showing off the construction and future plans for its new 20,000-square-foot Innovation Center at the Shops at Redbird in Dallas. In 2017, Fort Worths median household incomethe midpoint at which half of incomes are above and belowwas $65,439, exceeding the U.S. median of $63,336 but trailing Dallas. This guide is the DRC's initiative to bring economic development, investment, and jobs to Southern Dallas County. 2023. There are . The County's HOME funding is used to support both the Home Loan Counseling Center and the CDBG program's neighborhood improvement focus. . The Fort Worth metropolitan division also supports a sizable defense and security cluster that includes Lockheed Martin Corp. and Bell Helicopter. SOURCE: Census Bureau, 2016 American Community Survey 1-year estimates. The CDBG program uses its HOME funding to operate a replacement housing program which demolishes owner--occupied low/moderate-income homes that are too dilapidated to be economically repaired and replaces them with newly-constructed homes of about 1000 square feet. All rights reserved. Parks and Open Space The County has established one of the largest countyopen space systemsin the state with the system now containing 3,500 acres of environmentally unique land, offering a variety of topographical, geological, and environmental experiences. Dallas County Rail connections and a central location for cattle drives helped establish the citys identity as Cowtown, a moniker that endures. CONTACT DRC'S TOP ECONOMIC DEVELOPMENT PRIORITIES The DRC works with our regional and state allies to recruit companies and talent. Dallas is the central city, economic engine, and namesake for the Dallas Region, an expansive geography of counties in North Central Texas that share a common culture. Click to visit the Southern Dallas County Economic Development Guide. A $1.1 billion, 41,000-seat baseball stadium, Globe Life Field, is under construction and scheduled to open in 2020. The Self-Sufficiency Fund is a job-training program that is specifically designed for individuals that receive Temporary Assistance for Needy Families (TANF). Fort Worth's unemployment rate was 0.7 percentage points below the U.S. average during most of 2017 and was little changed through much of 2018. Both policies take effect immediately. Community Engagement: Being present in the community, bring the business community to Southern Dallas, including nonprofit engagement, supplier diversity, and small business. These schools are also the top 3 in the State. Dallas County Economic Development Group. On average, clusters with a greater employment concentration locally than nationally paid $50,000 annually, compared with those with a relatively smaller presence, at $64,500 (Table 5.1). You may access that database here : https://comptroller.texas.gov/economy/local/ch380-381/reporting-search.php, Contact Us | Help | Privacy Policy | ADA Statement. That terrain is about to undergo a transformation, thanks to the efforts , The Mesquite plant, to be located in a 91-acre industrial park at 3000 Skyline Drive, will be Canadian Solars first U.S. manufacturing facility, adding to its other plants in Canada, . Dallas County is an excellent location to start or grow your business, where the community is committed to support and grow with you! Wayne Vardaman, Executive Director of the Selma and Dallas County Economic Development Authority has always focused on three goals: 1- Attract New Industry 2- Expand Existing Industry 3- Develop the workforce "The last one is where we face a challenge," Vardaman said. Stagnant prices for natural gas will damp prospects and limit natural gas exploration along the Barnett Shale. Realigning the City of Dallas' economic development priorities is crucial to future equitable growth. All rights reserved. "The Economic Development Administration plays an important role in supporting locally-driven disaster recovery and resiliency plans," said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. Led by its Small Business Innovation Cultivator, the institute brings together resources and assets that make it a "one-stop shop" for small business services. WAC Lighting Opens New Warehouse in Cedar Hill, Texas, The New Dallas Landscape: Marc Henderson On Driving Change Through Community Development, Canadian Solar Taps Mesquite for New $250M Solar Module Production Facility, Guide your relocation or expansion process, Monitor economic and real estate development, Access current market statistics, including neighborhood and city demographics, Access commercial and residential real estate listings, Access new and expanding employer announcements, Research infrastructure, nearby developments, and upcoming projects, View information on housing, education, parks & recreation, and arts & culture listings, Access tools to create business plans, presentations, and marketing materials, Understand and monitor economic and real estate trends, Learn about with programs and resources to help your business grow, View information about the existing talent pool residential real estate listings, Gain insight on population and community data, Access economic development resources, contacts, and initiatives, Learn more about relevant real estate developments/projects across Southern Dallas County, Highlight key market areas in your community. Job Training - In conjunction with the City of Dallas, Dallas County was instrumental in creating the first consolidated city-county, Dallas County is committed to increasing business opportunities for small businesses and to continuing to provide economic opportunity to the Dallas business community. Together we can deliver meaningful investment and a shared vision for economic growth and stability. The DRC is working to close the opportunity gap by connecting companies to the people and needs of businesses in Southern Dallas County. Arlington is the site of two premier sports facilitiesAT&T Stadium, where the Dallas Cowboys football team has played since moving from Irving in 2009, and Globe Life Park (formerly the Ballpark in Arlington), home field of the Texas Rangers baseball team. The County has achieved this while recognizing that it is essential to invest in infrastructure, quality of life amenities, and business growth and retention activities. For more information about this funding, please call Rachel Brown at (214) 653-6359. The DRCs first DEI benchmarking assessment provides insight into how members of the Dallas business community are prioritizing DEI initiatives and what more needs to be done to ensure inclusion and opportunity for all. Together, with our business leaders and community partners, we will help lead the Dallas Region to become the best place in the United States for all people to live, work, and do business. Earnings are in 2017 dollars. Developers have until Friday, Dec. 16, to submit their proposals here. Buffalo, MO 65622. The Inclusion and Community Engagement Department prioritizes efforts that will: Board level members help advance the DRCs Diversity, Equity & Inclusion mission by participating in the DEI Council. As required by Local Government Code sections 380.004(c) and 381.005(c), Dallas County publishes a direct link to the Online Public Database of its Chapter 381 agreements. We are here to help to identify the resources necessary to meet your business goals. The DRC is working to close the opportunity gap by connecting companies to the people and needs of businesses in Southern Dallas County. Springfield, Dallas County offers easy access to worldwide markets, It is proposed that Metro Dallas Homeless Alliance would be provided with $4000 in FY2018 ESG funding, $4000 in FY2019 ESG funding and $8000 in CARES Act funding for the administration of the local housing management information system. Old Red Museum of Dallas County History and Culture, Community Supervision and Corrections (Adult Probation), Department of Unincorporated Area Services, Office of Homeland Security and Emergency Management, Dallas County Unincorporated Area Strategy, Vehicle Registration - VTR 68-A Inspections, community development block grant (CDBG) program, https://comptroller.texas.gov/economy/local/ch380-381/reporting-search.php, PACE - Dallas County is proud to offer the Property Assessed Clean Energy (PACE) program through two providers the. On January 25, 2023, the City Council unanimously approved an amended City of Dallas Economic Development Policy and approved a new Economic Development Incentive Policy. 20% of the County's CDBG funding is used to operate the program and to manage its various projects (at any time, the program is usually funding about twenty different projects or activities). Information about the County's history, people and economy as well as copies of the County's tax abatement policy, TIF policy, and foreign trade zone policy and prior abatement project and TIF district status reports are available below. All Rights Reserved. Community Development Budget & Management Services - Grant Administration/Community Development Division provides program oversight for the U.S. Department of Housing and Urban Development (HUD) Consolidated Plan, which includes: Greater housing affordability relative to Dallas will attract residents and employers to Fort Worth. As of the 2010 census, the population was 2,368,139. Collaborating with businesses, community stakeholders, and government to respond to community-driven issues and improve the quality of life for all. This online resource showcases news, communities, real estate, employers, and talent spanning 12 cities and 486 square miles. CEDAR HILL, Texas Cedar Hill is growing and with growth comes economic development. The Southern Dallas County Economic Development Guide is a resource highlighting communities, real estate, employers, and talent to encourage economic development and bring jobs to Southern Dallas County. Jerry Jones with Blue Star Land development site (Getty, Google Maps) Jun 30, 2023, 6:00 PM. just thirty minutes from the third largest city in Missouri, Tax Abatements - Dallas County provides strategic tax abatements, in accordance with its tax abatement policy. Springs State Park where thousands of anglers and visitors come each A version of this story first appeared on the Dallas Regional Chamber site. The new , On Highland Woods Drive, in Highland Hills-a section of South Oak Cliff-sits nearly five acres of untouched land. . This location is the largest distribution facility in the company's portfolio and was the largest industrial project in Dallas/Fort Worth in 2017. For more information about this program, please call Karen Wavada at (214) 653-7627. - Manage notification subscriptions, save form progress and more. The DRC unveiled its Southern Dallas County Economic Development Guide, a website highlighting the communities, real estate, employers, and talent pool there, with the aim of spurring investment . That terrain is about to undergo a transformation, thanks to the efforts , The Dallas City Council voted Wednesday to acquire a nearly 300-acre park property in southern Dallas. Beginning this fall, the grant will cover tuition and fees for candidates entering the rigorous, two-year Master of Educational Leadership program with a STEM concentration. Construction of . Email: hollie@dallascounty.works . The fight to help the city prosper is being led by Cedric Brown, who grew up in southern Dallas. The Fund makes grants available to eligible public colleges or to eligible private, nonprofit organizations to provide customized job training and training support services for specific employers. In 2016, the value of all construction activity in the greater DallasFort Worth metropolitan area ranked second among the nations metros, according to Dodge Data and Analytics. The plant specializes in larger sport utility vehicles. A division of Dallas College, Workforce and Economic Development strives to be the strategic driver of uncommon solutions that meet the needs of business, industry and community. Community that is actively engaged in gaining certified status. This guide is the DRCs initiative to bring economic development, investment, and jobs to Southern Dallas County. Project Management The Dallas County Economic Development Group provides local assistance, expertise and collaboration to any business, entity or individual looking to invest capital or create jobs in Dallas County. Candidates will be drawn from , The U.S. News ranked three Dallas ISD Southern Dallas high schools #8, #20, and #22 in the country. Planning and Development Dallas County Planning and Development Dallas County's Planning and Development Department works to increase quality of life in Dallas County by improving underserved communities, ensuring and enhancing access to nature, and partnering for economic growth. London-based Third Bridge Group's 42,000 . Economic Development: Create and implement a plan to grow economic development in Southern Dallas County with a focus on creating an environment that results in increased economic activity and jobs for residents. A 7-day public comment period and public hearing are being held to solicit public review and comment on the proposed activities. Fort Worth was a commercial center for the oil industry early in the last century and enjoyed easy access to the Permian Basin to the west. Following the discovery of oil in Texas in 1901, refinery and pipeline firms came to Fort Worth. It is the second-most populous county in Texas and the ninth-most populous in the United States. also has a job ready workforce and is a participating Work Ready An LQ exceeding 1 indicates that a specific industry cluster carries more relative weight locally than nationally. Community that is actively engaged in gaining certified status. LEARN MORE LOOKING TO EXPAND OR RELOCATE TO SOUTHERN DALLAS COUNTY? Its fiscal policies and management practices have allowed it to be regarded as one of the best run counties in the country by Governing magazine, and it is one of only a few counties in the United States to have a AAA bond rating from both Moodys and Standard & Poors.
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