Dallas lands coveted U.S. biotech research hub after months of campaigning One of three ARPA-H headquarters, the hub at Pegasus Park will focus on patient access and diversity for the agency’s projects. Pegasus Park Tower, Wednesday, Sept. 20, 2023 in Dallas.(Chitose Suzuki / Staff Photographer) By Marin Wolf 12:00 PM on Sep 26, 2023 Dallas will serve as one of three U.S. hubs for a $2.5 billion federal biotech research agency after months of targeted campaigning by Texas cities, universities and science advocates, cementing North Texas’ place...

Read more

Texas Named Best Business Climate By Nation’s Corporate Executives September 18, 2023 | Austin, Texas | Press Release Governor Greg Abbott today celebrated Texas being named the nation's best business climate in a triennial survey conducted by Development Counsellors International (DCI) and announced at the International Economic Development Council Annual Conference in Dallas. "Texas is No. 1 again, thanks to hardworking Texans and endless possibilities for success across our great state," said Governor Abbott. "Corporate executives and business leaders across the nation continue to choose Texas...

Read more

Thermomix, a maker of Wi-Fi-connected kitchen appliances, plans to move its corporate headquarters from California to Dallas, the company announced Friday. Thermomix, now based in Thousand Oaks, Calif., makes and sells cooking appliances worldwide for smart kitchens. Its U.S. sales totaled more than $30 million last year. The company announced the move Friday during a meeting with its top sales representatives in Austin, according to a news release. “We are excited to root ourselves in the rich tapestry of Texas, fuel our long-term...

Read more

This state boasts the most Fortune 500 companies, with $2.6 trillion in total revenue—and it’s not California or New York BY PAOLO CONFINO Energy companies and tech startups are flocking to Texas. OLGA ROLENKO For the second consecutive year, Texas has the most Fortune 500 companies, totaling $2.6 trillion in revenue and $226.5 billion in profit. The Lone Star state’s two biggest corporations—energy company ExxonMobil and pharmaceutical manufacturer McKesson—accounted for roughly 26% of its Fortune 500 revenue and 25% of its profit. That’s unsurprising, considering they’re ranked...

Read more

BY ALEXA URA MAY 18, 2023 Texas took four of the 10 top spots among the nation’s fastest-growing cities, with the Austin metro area overall seeing some of the most significant growth. The latest population estimates showed significant growth in the Austin area overall, with several of its suburbs ranking among the fastest-growing cities in the country. Credit: Miguel Gutierrez Jr./The Texas Tribune Texas is now home to four of the nation’s largest cities, with Austin finally joining Houston, San Antonio and Dallas on the list...

Read more

DFW Airport, TX, May 16, 2023 Announcement includes plans for Terminal F, renovation of Terminal C and other major capital investments Terminal F Dallas Fort Worth International Airport (DFW) and American Airlines today signed a new 10-year Use and Lease Agreement, which includes $4.8 billion in pre-approved capital investments – including the construction of Terminal F, the renovation of Terminal C and other significant modernization projects. Dallas Mayor Eric L. Johnson, Fort Worth Mayor Mattie Parker, DFW CEO Sean Donohue and American Airlines CEO Robert Isom...

Read more

Best Sports Business Cities How Sports Business Journal ranked the best cities in which to conduct sports business, and why Dallas is so popular BY DAVID BROUGHTON AND DERICK MOSS3.20.2023 The Dallas metro area has been a magnet for new residents and businesses as well as sports events, sponsors and organizations.GETTY IMAGES Sports Business Journal ranked the top 50 cities in the U.S. for the best opportunity and environment to conduct sports business. Feedback from industry insiders about stability, market size, fandom, impact and culture also...

Read more

The 200-acre project centered on the former headquarters of Electronic Data Systems could eventually offer over 4 million square feet of lab, office, and therapeutic production space—and "establish North Texas as a leader in life sciences," according to NexPoint Founder James Dondero. TxS District Rendering: West Plaza & Park. BY LANCE MURRAY • FEB 7, 2023 Plans and renderings have been revealed for the TxS District, a proposed 200-acre life sciences development in Plano that could eventually create over 4 million square feet of...

Read more

Texas tops a list of the best states to launch a startup. Here's why. By Davie Nguyen  –  Data Reporter, Dallas Business Journal Jan 30, 2023 The Lone Star State leads the nation as the best place to launch a startup, according to a report from Lensa. For this study, Lensa, which a job search engine that helps provide opportunities and careers for job seekers, took into the following nine factors to rank all 50 U.S. states: new business applications, business survival rate, rate of new...

Read more

  AUSTIN ⎯ Texas ranks first in the nation in over-the-year jobs added, with 650,100 positions gained in 2022. According to U.S. Bureau of Labor Statistics data, the state not only had the largest absolute increase in jobs added, but also attained the highest percent of seasonally adjusted total nonfarm jobs added over the year at 5.0 percent. In comparison, United States’ job growth expanded by 3.0 percent. “Texas continues to demonstrate it is an economic powerhouse with a world-class workforce...

Read more