DFW Metro Area One of the 50 Hottest Cities for Expansion & Relocation
Expansion Management Magazine attempted to capture the perception that site location consultants have of different metro areas by evaluating several factors that include: business environment, work force quality, operating costs, incentive programs, work force training programs, and cooperation between regional political and economic development bodies. The lists of 50 has been narrowed down from a beginning pool of 362 Metropolitan Statistical Areas.
According to the poll conducted by Expansion Management Magazine, the DFW metro area, one of the largest in the country, is a prime location for business expansion and relocation. The Dallas Regional Chamber attributes much of this success to the organization's work with site location consultants and marketing the lower cost of doing business in DFW, the expanding workforce, and the business-friendly sentiment. Cities within DFW have also cooperated with the region as a whole to fuel the prosperous business climate.
The Dallas Regional Chamber's involvement in economic development over the last year has contributed directly to 12,000 new jobs with a total of 33,000 jobs due to expansion and relocation. Fidelity Investments has recently expanded in the region, adding 2,800 jobs in Westlake. Fortune 1,000 company Torchmark Corp. has recently relocated its corporate headquarters to McKinney. The company sells life and supplemental health insurance. With $14.8 billion in assets and $3.1 billion in revenues in 2005, Torchmark intends to create 500 new jobs in McKinney.
Source: Expansion Management Magazine. February 14, 2007
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Admired Companies in DFW Rank Nationally
According to Fortune Magazine, the DFW region is home to 14 of the most admired companies and 11 of the contenders. Of the most admired companies, three were first in their respective industry. Dallas-based Texas Instruments, in the semiconductor industry, and Centex, part of the homebuilder industry, both ranked at number one. Exxon Mobil, operating out of Irving, is the most admired company in the petroleum refining industry.
| Most Admired Companies-Winners |
Industry
Rank |
Most Admired Companies-Contenders |
Industry
Rank |
| TXU |
4 |
Brinker International |
6 |
| Southwest Airlines |
2 |
7-Eleven |
9 |
| Texas Instruments |
1 |
Tenet Healthcare |
10 |
| Centex |
1 |
Texas Industries |
7 |
| AMR |
5 |
Energy Transfer Partner |
8 |
| Fluor |
5 |
Crosstex Energy |
8 |
| Kimberly-Clark |
4 |
Affiliated Computer Services |
7 |
| Exxon Mobil |
1 |
Dean Food |
7 |
| Commercial Metal |
4 |
D.R. Horton |
10 |
| Pilgrim's Pride |
2 |
Burlington Northern Santa Fe |
3 |
| Perot Systems |
2 |
Sabre Holdings |
7 |
| Triad Hospital |
5 |
|
|
| J.C. Penney |
3 |
|
|
| Electronic Data Systems |
3 |
|
|
Source: Fortune Magazine, March 18, 2007
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DFW: High Performance in Real Estate Market
Areas of the country have been experiencing price fluctuations-both in the upward and downward direction. On average, the median home price has dropped 1.2%, with the Northeast experiencing the most drastic plunge at 4.8%. Other cities adversely affected by the changing price of real estate are old-line industrial markets.
Cities who have seen a positive change in home prices are those who have a high job growth rate and increasng net migration figures. The affordability of these cities also tended to match closely to the national average during the housing boom. Because of this, fewer adjustments must be made to correct the market. The slower but paced growth of several regional markets has resulted in stable real estate markets respectively.
The year 2007 began with the average price of a home in Dallas being $204,900, while the median price was $150,050. The Fort Worth average home price at the beginning of the year was $127,700 and the median price was $108,900.
Best Performing Metro Areas 1. Seattle 2. El Paso 3. Houston-Bayton-Sugarland 4. Los Angeles 5. Austin 6. Jacksonville 7. Charlotte 8. San Francisco 9. New York 10. Atlanta 11. Dallas/Fort Worth 12. Philadelphia 13. Chicago 14. Las Vegas 15. Baltimore
Source: Forbes Magazine, January 25, 2007 & Texas A&M Real Estate
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Big Pay for DFW Engineers
According to a survey conducted by Bizjournals using 75 of the largest American metro areas, Dallas ranks as the ninth-highest paying metro area for electrical engineers. Electrical engineers on average in Dallas make an annual wage of $81,920. Other noted Dallas salaries were: chief executives at $160,490; lawyers, $120,060; computer/information systems managers, $106,130; and general/operations managers, $104,390. No North Texas salary ranked among the twenty lowest.
Source: Dallas Business Journal, January 12-18, 2007, Reported by Bizjournals
UT Southwestern Ranks Nationally for Biology, Biochemistry, & Other Fields
An independent publication known as Science Watch conducts surveys every five years to determine the amount of impact medical schools have on medical research in specific fields. The survey is conducted by counting how many times other researchers cite a paper published during a five-year time period. This number is then compared to a worldwide baseline to calculate the "relative impact" score, or a measure of how influential a certain publication is in medical research.
The University of Texas Southwestern ranked in top ten nationally in four out of the seven fields. The university also captured the number one position for both the fields of biology and biochemistry, ahead of the prestigious schools such as Harvard and Stanford. Other fields ranked include psychiatric and psychology at the number three spot, seventh place in neurosciences and behavior research, and eighth in molecular biology and genetics, all respectively for those fields.
Source: Southwestern Medical Center Times, February 2007, reported by Science Watch via Center Times
High State Pay for DFW Doctors & Dentists
According to the Bureau of Labor Statistics, the DFW region boasts salary ranking for both primary care doctors and dentists. Primary care doctors include family and general practitioners, ranked at number one in the DFE metro area with an annual salary of $163,310. Dentists make the list at number two for the DFW region with a salary of $139,830.
| Family & General Practitioners |
Salary |
Dentist |
Salary |
| Dallas/Fort Worth |
$163,310 |
Austin |
$176,370 |
| San Antonio |
$137,280 |
Dallas/Fort Worth |
$139,830 |
| Austin |
$123,940 |
Houston |
$138,010 |
| Houston |
$99,120 |
San Antonio |
$79,660 |
When ranking salaries by metro area, the Bureau of Labor Statistics adjusts for wage as well as cost-of-living data to determine the actual compensation for certain professions. In the health care sector, professionals' salaries in Texas may vary widely by metro area due to different levels of cost-cutting power. Some practitioners use group practices to save on costs by using economies of scale as well as negotiating with insurance companies.
Source: Dallas Business Journal, January 12-18, 2007, Reported by U.S. Bureau of Labor Statistics
DFW Region Considered a Top Spot for Office Real Estate
After some years far from the top, DFW has risen to rank nationally for its commercial property sector. Grubb & Ellis Co. rank Dallas at number four for its office market, tied with Phoenix and both following Washington, D.C., Los Angeles, and Las Vegas. Fort Worth's emerging office market also made the list. The rankings are a forecast of the behavior of these markets from 2007 to 2011.
When measuring for industry-specific characteristics, Grubb & Ellis rank DFW highly as well. DFW stands at an impressive second for retail investment outlook, third for industrial buildings, and fourth for its apartment market. Analysts attribute much of this prosperity to booming population and employment growth that have allowed the market to thrive.
Top Ten Office Markets for 2007
1. Washington, DC 2. Los Angeles 3. Las Vegas 4. Dallas/Fort Worth 5. Phoenix 6. Houston 7. Seattle 8. Orange County, CA 9. Orlando 10. Portland, OR
Source: Grubb & Ellis, January 2007, reported by Dallas Morning News - Business Section
DFW Companies Ranked Best to work for
Fortune Magazine along with the help of Great Place to Work Institute surveyed over 100,000 employees from nearly 500 companies consisting of over 1,000 employees to compile the list of the 100 Best Companies to Work For. The score reflects a two-thirds weight of employee responses to a 57-question surveyed responses. Questions on the company survey range from asking for detailed demographic information of employees to evaluating internal communication and diversity programs all to assess the culture of the company's work environment.
The highest-ranked DFW company, the Container Store, ranked in the top ten at number four. The Container Store is a medium-sized company of nearly 3,000 employees based in Coppell. The Container Store is a retailer specializing in innovative storage products.
Other ranked DFW companies include Fort worth-based Alcon Laboratories. a manufacturer of eye care products. Following is TDIndustries, a mechanical and electrical contracting company operating out of Dallas. Rounding out the list is Texas instruments, a Dallas-based electronic manufacturer.
| 100 Best Companies to Work for |
Rank |
| Container Store |
4 |
| Alcon Laboratories |
65 |
| TDIndustries |
79 |
| Texas Instruments |
87 |
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Hot Housing Markets in DFW
Fortune magazine nationally and regionally ranks metro areas by the hottest markets for housing. DFW is part of the Southeast region; other regions include the West, Midwest, and Northeast. Two DFW metro areas rank nationally as well as in the top regionally as a top housing market.
| Southeast Housing Market Ranking |
National Ranking |
| 1. McAllen-Mission, Texas |
1 |
| 2. El Paso |
2 |
| 3. San Antonio |
6 |
| 4. Baton Rouge |
8 |
| 5. Fort Worth-Arlington |
9 |
| 6. Birmingham, Ala |
10 |
| 7. Houston |
11 |
| 8. Austin |
12 |
| 9. Dallas-Irving |
13 |
| 10. Tulsa |
15 |
Source: Fortune Magazine, December 25, 2006
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DFW Logistics Ranks High
Expansion Management and Logistics Today rank the logistics infrastructure of all 362 metros in the United States according to 10 major categories in Expansion Management's sixth annual Logistics Quotient™ study. The study evaluates the overall logistics infrastructure of the nation's 362 metropolitan statistical areas (MSAs) based on 10 major categories, including the transportation and warehousing (T&W) industry, T&W work force, road infrastructure, road congestion, road conditions, interstate highway access, vehicle taxes and fees, railroad access, water port access, and air cargo access. DFW makes the top five in this year's list as the most logistics-friendly metro in the U.S.
Top 10 Logistics Metros
1. New York-Newark-Edison, N.Y., -N.J. - Pa. MSA
2. Houston-Baytown-Sugar Land, Texas MSA
3. Minneapolis-St. Paul-Bloomington, Minn, -Wis, MSA
4. Dallas/Fort Worth-Arlington, Texas MSA
5. Kansas City, Mo.-Kan. MSA
6. St. Louis, Mo.-Ill. MSA
7. Chicago-Naperville-Joliet, Ill.-Ind. - Wis. MSA
8. Cleveland-Elyria-Mentor, Ohio MSA
9. Boston-Cambridge-Quincy, Mass.-N.H. MSA
10. San Francisco-Oakland-Fremont, Calif. MSA
Source: 2006 Logistics Quotient, Expansion Management and Logistics Today
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EXCLUSIVE BUSINESS “ReSources”
Year End CD ROM Sale November 1st, 2006 through December 31, 2006
The Dallas Regional Chamber is offering Chamber members an additional ½ off discount on our 2006 Membership Directory and 2006-2007 Economic Development Guide CD ROMs. The Membership CD ROM will be $100 and the Economic Development CD will be $35. Shipping costs vary depending on quantity and publications. Below are four easy ways to order.
Phone: 214-746-6704
Fax: 214-746-6799
Email: information@dallaschamber.org
Mail: Dallas Regional Chamber, Attn: Publications, 700 N. Pearl St., Ste. 1200, Dallas, TX 75201
Economic Development Guide
The Chamber’s newly released 2006-07 Economic Development Guide is your resource for the DFW regional economy. It highlights three key segments of the economy, including DFW major employers, the technology sector and international operations, with listing for over 750 area businesses. The Guide also presents the DFW statistical profile, which offers a glimpse into the socioeconomic characteristics of the region including a demographic profile, local economy and business climate statistics, quality of life information as well as economic development incentives in DFW.
Available in soft cover or CD Formats. Order online at the Chamber Store or by telephone at 214-746-6704. (Chamber members discounted price of $20 for the book or $70 for the CD-Rom; nonmember prices are $40 and $140. Shipping, postage and tax are additional).
Forbes Magazine ranks 13 companies in DFW region as “Best Small Companies”
Forbes Magazine
October 30, 2006
The list of the 200 Best Small Companies encompasses the most healthy, fundamentally disciplined public companies with sales between $5 million and $750 million. For a company to qualify it must have a share price of about $5 as of September 29th on 3-month average volume of 10,000 shares.
Coppell, Texas based company Mannatech ranked in the top 10, number 5 to be exact. Mannatech produces pills to boost metabolism, as well as protein shakes, mixes and skin care creams. The company’s independent associates and members have reached over 500,000 people.
Five DFW companies (Quicksilver Resources, Encore Acquisition, Range Resources, Denbury Resources, Comstock Resources) ranked on the Forbes list explore for oil & natural gas and two companies (First Cash Financial Services and Cash America International) operate pawnshops across America. Other companies making the list include a lime & limestone product manufacturer (U.S. Lime & Minerals) and a leather goods distributor (Tandy Leather Factory). United Surgical Partners, located in Addison, owns and operate short-stay surgical centers. And the Midlothian based company Ennis supplies private-label printed business products.
Forbes Ranked DFW Companies
5 – Mannatech, Coppell, TX
43 - Quicksilver Resources, Fort Worth, TX
50 – Encore Acquisition, Fort Worth, TX
61 – Range Resources, Fort Worth, TX
69 – Denbury Resources, Plano, TX
93 – Ennis – Midlothian, TX
114 – First Cash Financial Services, Arlington, TX
129 – United Surgical Partners, Addison, TX
145 – Tandy Leather Factory, Fort Worth, TX
149 – U.S. Lime & Minerals, Dallas, TX
151 – Comstock Resources, Frisco, TX
162 - Cash America International, Fort Worth, TX
192 – Carbo Ceramics, Irving, TX
Visit Forbes Magazine for the full list of 200 companies
Dallas ranks the fourth shortest wait time of 25 big cities.
Dallas Morning News
October 22, 2006
Jennifer Chamberlain
Dallas News Extra
Texans may talk a little more slowly than folks in Baltimore or New York, but Dallas retailers know how to get a move on.
Dallas had the fourth shortest wait time among 25 large cities in a recent study by the Mystery Shopping Providers Association. The group asked professional mystery shoppers to measure how much time they spent waiting in line at banks, gas station convenience stores, restaurants, grocery stores and a variety of retailers.
In Dallas, the average wait time was just 3 minutes and 46 seconds. Phoenix ranked number 1, with an average wait time of 3 minutes, 5 seconds. Baltimore ranked last at 5 minutes, 13 seconds.
Average Wait Times by City
1. Phoenix, AZ 3:05
2. Portland, OR 3:30
3. Minneapolis, MN 3:41
4. Dallas, TX 3:46
5. Chicago, IL 3:57
6. Tampa, FL 3:39
7. Denver, CO 4:00
8. Boston, MA 4:01
9. Sacramento, CA 4:07
10. San Francisco, CA 4:08
Dallas’ marks weren’t quite as high in the survey’s second category, which measured whether shoppers would return to a location based solely on wait time Dallas ranked number 8.
“I think that our expectations are high,” said Vickie Henry, chief executive of Freedback Plus, a Dallas-based mystery-shopping provider. “People in the South and in Dallas are friendly, generally, and so that being the case, people think they should jump to waiting on them.”
The trade association provides education about mystery shopping and promotes standards within the industry.
Although frequently associated with get-rich-quick scams circulated over the Internet, mystery shopping is a legitimate industry that offers businesses a way to get detailed information about the services they provide, Ms. Henry said. “You don’t have to pay anything to be a mystery shopper,” she said.
Tax-Friendly Texas
The Tax Foundation
October 11, 2006
The Lone Star State is one of the most “business friendly” tax environments in the country, according to a recent study completed by the Tax Foundation. The 2007 State Business Tax Climate Index ranks how “business friendly” the 50 state tax systems are, providing a roadmap for state lawmakers concerned with keeping their states tax competitive.
The new ranking of the 50 states suggests that the most business-tax-friendly climates are those with simple broad-based tax structures. Texas ranked sixth. Curtis Dubay, co-author of the study, said the rankings are based on five core components: corporate and individual income taxes, sales tax, unemployment insurance tax and property tax.
Rankings - The ten best states in the Tax Foundation's 2007 State Business Tax Climate
1. Wyoming
2. South Dakota
3. Alaska
4. Nevada
5. Florida
6. Texas
7. New Hampshire
8. Montana
9. Delaware
10. Oregon
Full Report
Dallas researchers elected to Institute of Medicine
09:03 AM CDT on Monday, October 9, 2006
By Sue Goetinck Ambrose/The Dallas Morning News
Two Dallas Researchers have been elected to the Institute of Medicine, one of the country's highest honors for medical researchers.
Pediatrician Dr. George Lister and immunologist Ellen Vitetta, both faculty members at the University of Texas Southwestern Medical Center at Dallas, were among 65 members elected this year. Five foreign associates were also named.
The institute is a component of the National Academies, an independent organization that advises the federal government on issues affecting science, engineering and the practice of medicine.
Dr. Lister is chairman of the pediatrics department at UT Southwestern. His research has focused on how to care for children who have inadequate oxygen flowing to their tissues because of heart or lung conditions or an injury. Dr. Lister was also part of the medical group that recommended that infants sleep on their backs to avoid Sudden Infant Death Syndrome. More recent studies have focused on why that advice is still not universally followed.
Dr. Lister earned his medical degree from Yale University School of Medicine in New Haven, Connecticut, and joined UT Southwestern's faculty in 2003. Other past honors include a Fulbright Fellowship, the Distinguished Career Award from the American Academy of Pediatrics, and an Established Investigator Award from the American Heart Association.
Dr. Vitetta's accomplishments include developing biochemical "smart bombs", several of which are entering advanced clinical trials. The "smart bombs" seek out and destroy disease-causing cells. Most recently she completed an early clinical trial of a vaccine for ricin, a deadly toxin and potential bioterror weapon.
Her other honors include membership in the National Academy of Sciences, the scientific branch of the National Academies, and induction into the Texas Women's Hall of Fame. She has been a faculty member at UT Southwestern since 1974.
UT Southwestern now has 19 members in the institute. One other Texas was elected Monday: Dr. Francisco Cigarroa, president and professor of pediatric and transplantation surgery at the University of Texas Health Science Center, San Antonio.
For more information please visit UT Southwestern and the Institute of Medicine
SustainLane gives Dallas a report card on urban sustainability
September 2006
SustainLane’s 2006 U.S. City Rankings of the nation’s 50 largest cities are the nation’s most complete report card on urban sustainability. The rankings explain how people’s quality of life and city economic and management preparedness are likely to fare in the face of an uncertain future. These indicators gauge, for instance, which cities’ public transit, renewable energy, local food, and development approaches are more likely to either limit or intensify the negative economic and environment impacts of fossil fuel dependence.
Dallas ranks #24 on the list and is considered the jewel in the crown of the Dallas/Fort Worth-Arlington Metroplex. The largest of the three cities, Dallas prides itself on being the hippest and most sophisticated city in North Texas. It has the best restaurants, best music scene, and most ethnically diverse population, and it’s the economic engine driving the region.
But Dallas isn’t content to be a big fish in the big State of Texas. The city is taking steps to be more competitive with all of the 50 major US cities ranked by SustainLane, and has developed a comprehensive plan called Forward Dallas! Outlining its strategies.
Report Card for #24 Ranked Dallas
City Commuting – 28
Metro Public Transit - 15
Metro Congestion – 41
Air Quality – 22
Tap Water Quality – 11
Solid Waste Diversion- 41
Planning/Land Use – 34
City Innovation – 27
Housing Affordability – 17
Natural Disaster Risk – 22
Energy/Climate Change Policy – 15
Local Food and Agriculture – 48
Green Economy – 20
Knowledgebase – 1
LEED (Green) Buildings - 19
Click here for more information on other city report cards
Business 2.0 Magazine ranks Dallas/Fort Worth International Airport (DFW) business friendly
September 2006
Business 2.0 Magazine quizzed travelers, analyzed stats, and crosschecked passenger polls to find out which airports are the most business-friendly. In just the past year, Dallas/Fort Worth International Airport (DFW) has pulled off a once unthinkable turnaround. What used to be an exhausting trek to reach gates along horseshoe-shaped terminals is now a breeze, thanks to a first-class train system that takes passengers where they need to go in nine minutes or less. DFW also boasts a shiny new international terminal, "smart parking" technology that points drivers to open stalls, and crowd-free lounges with comfy Herman Miller chairs.
Average wait at security peak hours: 12 minutes
Wi-Fi: Airport wide for $10/day
Internet Kiosks: 52 stand-up booths scattered throughout the terminals; $6/hour
Power Supply: Electrical outlets only; 12 self-service battery recharge bays slated for the fall 2006.
Workstations: Eight business centers with small semiprivate workstations featuring electrical and phone outlets, leather couches, and flat-screen TVs tuned to CNN; free
Extras: An onsite hotel rents meeting rooms, provides courier, printing, and graphics services, and features a full-service spa.
Other airports recognized as business friendly include Minneapolis-St. Paul International (MSP), Charlotte Douglas International (CLT), Denver International (DIA) and San Francisco International (SFO).
Dallas ranks as one of America’s Most Wired Cities
Forbes Magazine – August 2006
Forbes Magazine's Most Wired Cities list factored in the percentage of Internet users with high-speed access, the range of service providers within a city and the availability of public wireless hot spots. Of the 30 cities measured, Dallas ranked 19th.
#19 Dallas
Overall 19
Broadband 19
Adoption 22
Access Options 12
Wi-Fi Hotspots 22
Broadband Adoption: The percentage of home Internet users with high-speed connections.
Access Options: The number of companies providing high-speed Internet access.
Wi-Fi: Public wireless Internet hotspots per capita.
Sources: Nielsen//NetRatings, Federal Communications Commission, JiWire, U.S. Census Bureau
DFW among top 10 least expensive cities to do business, study says
Dallas/Fort Worth ranked in the top 10 of a list of the least costly cities to do business, according to a study released Tuesday by audit, tax and advisory firm KPMG L.L.P.
The study tracked 23 cities/locations with populations exceeding 1.5 million. The Dallas/Fort Worth area was ranked as the 9th least expensive place to do business. Atlanta was ranked No.1, as the least costly city to do business in.
Tampa, Fla., and Indianapolis were the most cost-competitive locations behind Atlanta, ranking a close second and third, respectively. New York and San Jose, Calif., were the most expensive places to do business.
Houston was the only other Texas city to make the list at No. 14.
"Selecting the best site for a business operation requires balanced consideration of many factors, including business costs, business environment, personnel costs and quality of life issues," said Hartley Powell, national leader for KPMG's Strategic Relocation and Expansion Services practice. "This study offers a comprehensive guide for comparing business costs in the United States and contains valuable information for any company seeking a cost advantage in locating a business operation."
The biannual study's basis for comparison is the after-tax cost of start up and operation for 12 specific industries over a 10-year span. The study enables companies to perform a "quick scan" of jurisdictions to determine which can offer a cost-competitive business environment.
DFW Wins Again
An excellence survey administered by Air Cargo World rated DFW International Airport as the top airport in North America above San Francisco (SFO), Oakland (OAK), Atlanta, (ATL), and others. Airports were rated on performance, value, facilities and operations. A score greater than 100 represents above average performance and DFW International earned the top spot for performance, value, regulatory operations, with an overall ranking of 113.
Full Story - http://www.aircargoworld.com/features/0306_2.htm
Texas named nation's top business market
North Texas ranked as second top market in the country
10:40 AM CST on Thursday, March 2, 2006
By ANGELA SHAH / The Dallas Morning News
Texas and the region are top areas for new and expanded corporate facilities last year, three trade publications have recently announced.
Site Selection magazine named North Texas as the second top market in the nation. The magazine also names the state as the top market, giving leaders a second "Governor's Cup award."
More than three hundred companies relocated or expanded into the region in 2005, an 11 percent increase over 2004. Qualifying projects include those with a capital investment of at least $ 1 million, the creation of 50 or more jobs, and /or leasing or building at least 20,000 square feet in new floor space. Some of these are projects by Fluor Corp., Allied Electronics and T-Moble.
Texas Gov. Rick Perry will be in the region today to accept the award.
Recently, Expansion Management magazine and Sales and Marketing Management named north Texas as a top market for relocations and sales potential.
"Our area was chosen because of it's diverse economy, accessibility to the global marketplace, growing population and transportation infrastructure," said Michael Rosa, the Dallas Regional Chamber's vice president of economic development.
E-mail ashah@dallasnews.com
DFW Trade Climbs
13% increase stems largely from jump in imports from China.
The full story by Katherine Yung/The Dallas Morning News
Expansion Magazine lists DFW as one of the top 10 hottest cities
1. Nashville-Davidson-Murfreeboro, Tenn. MSA
2. Phoenix-Mesa-Scottsdale, Ariz. MSA
3. Atlanta-Sandy Springs-Marietta, GA. MSA
4. Dallas-Fort Worth-Arlington, Texas MSA
5. San Antonio, Texas MSA
6. Charlotte-Gastonia-Concord, N.C.-S.C.
7. Memphis, Tenn.-Miss.-Ark. MSA
8. Jacksonville, Fla. MSA
9. Knoxville, Tenn. MSA
10. Birmingham-Hoover, Ala. MSA
"Unlike the other rankings we do each year, which are based upon hard economic and demographic data, the Hot Cities poll attempts to measure the perceptions of professional site location consultants, whose business it is to help companies select the best locations for future facility expansions," said Bill King, chief editor of Expansion Management.
In order to find out which are today's hottest cities for business expansions, Expansion Management surveyed more than 80 of the industry's most prominent site location consultants in order to find out which cities their clients find most attractive when it comes to actually selecting an expansion or relocation site - and why these cities are more appealing than the others.
The consultants, whose identities remain confidential, were asked to list their top city choices for relocating and expanding manufacturing companies, taking into consideration such factors as the business climate, work force quality, operating costs, incentive programs and the ease of working with local political and economic development officials.
"Some cities are well-prepared to attract and retain business," said Ken Krizner, managing editor of Expansion Management. "They have logistical advantages, a high quality of life, available work force, and a favorable tax and political climate. These 50 Hottest Cities have a built-in advantage when companies look to site a new manufacturing or distribution facility, or headquarters operation."
Full story with list of top 50 cities
Texas Ranked Number One
California Governor Arnold Schwarzenegger had a motorcycle accident recently. But he should see the even bigger train wreck that's headed his way: Readers of Chief Executive have for the second straight year named his state as the worst in the nation for doing business. "I ran a public company in Sunnyvale, California," said one of the 339 readers who responded to an e-mail survey. "Never again in California. Go Texas!" Another said flatly, "We won't do business in California at all."
In sharp contrast, the second best state for doing business was Nevada. Maybe every CEO facing traffic jams, insane real estate prices and crippling regulation ought to pick up and cross back over the mountains to Nevada.
Readers said that the best state in the nation, for a second year, was Texas.
Full Story
NASDAQ Dallas Regional Chamber IndexSM
The NASDAQ Dallas Regional Chamber Index is a regional technology index that measures the health and growth of a localized technology economy by tracking the leading high tech and life science companies driving this growth, as determined by the Dallas Regional Chamber's High Tech Definition.
On January 12, 2006 the NASDAQ Dallas Regional Chamber Index began with a base value of 1000.00
NASDAQ Dallas Regional Chamber Index
Dallas Office Guide Web site
The Dallas Regional Chamber and MARCOA are proud to introduce the Dallas Office Guide website, your new resource for comprehensive real estate information. The site offers the existing capabilities found in the publication along with many more features projected for the near future.
Dallas Industrial Real Estate Guide Web site
The Dallas Regional Chamber and MARCOA are proud to introduce the Dallas Industrial Real Estate Guide Web site, your new resource for comprehensive real estate information. The site offers the existing capabilities found in the publication along with many more features projected for the near future.
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