“No Place You’d Rather Be”: Economic Development Organizations Capitalize on Lure of Texas

New numbers from the 2020 U.S. Census reveal what so many of us in Texas knew already: More people are moving here than any other state in the country. The appeal is clear. Texas offers a business-friendly environment, along with an affordable cost of living, making it ideal for corporations and their employees. Bringing businesses to the Lone Star State is the easy part. Choosing which community to call home base can be a challenge. That’s where economic development organizations, like the Dallas Regional Chamber, come in.


“The DRC works closely with regional cities and the business community to attract significant corporate locations and expansions to the region,” says Mike Rosa, DRC’s senior vice president of economic development. “Six Fortune 500 headquarters have relocated here in the past six years, along with many other headquarters, office, and industrial projects.” Two of the most recent relocations are financial services giant Charles Schwab and infrastructure firm AECOM. “The Dallas region continues to lead the nation in population and job growth, providing fuel for the commercial real estate market,” Rosa says. “There’s no place you’d rather be in business today or in the future than Dallas.” To continue that success, the DRC also works on education, workforce, transportation, quality of life and other fundamental issues important to all the people who live in the region, as well as to existing and future companies. “We are targeting corporate headquarters and technology companies,” says Rosa. “DFW is attractive to lots of sector and project types, so we’re not limited in our range of possibilities.”


At the other tip of Texas, the Rio Grande Valley Partnership drives collaboration and investment across its four-county region, which include Starr, Hidalgo, Willacy and Cameron counties. “We engage with economic development corporations by bringing investors, developers and bankers into each one of our communities to highlight the opportunities there,” says RGV Partnership president Sergio Contreras. “That way, investors can have a clear picture of the local incentives and targeted industries by the local communities.” The opportunities in the Valley are many, according to Conteras. Click to read more at www.rednews.com.