Plano’s Legacy Business Centers On Track to Match Downtown Dallas in Office Employment
- 135,000 workers – Legacy 121/DNT Area by 2021
- 141,000 workers – Downtown Dallas by 2021
Plano's booming Legacy business park during the next few years will grow to have almost as many workers as downtown Dallas. That's what a new forecast by commercial real estate firm Jones Lang LaSalle predicts for the business district that is now home to huge employers including Toyota Motor Corp., JPMorgan Chase, FedEx Office and Liberty Mutual Insurance. The numbers include employers in the area and south Frisco. "Overall, we estimate that greater Legacy's job base has increased by 15,000 since 2015," JLL managing director Jack Crews said in a new report about the Legacy area. "This includes real move-ins to Toyota and JPMorgan, as well as companies taking smaller footprints like Fannie Mae, FedEx, Capital One and NTT Data. "We estimate that the daytime workforce is up to around 100,000 today," he said. "Looking out over the next few years, Legacy will continue to intensify as a business hub." JLL predicts that the Legacy area employment base will grow to nearly 135,000 by the end of 2021. Along with newcomers to the area, the job totals include workers for longtime West Plano employers including Frito-Lay, Bank of America, USAA and others.
- Dallas Morning News, March 26, 2018
Californians Fed Up With Housing Costs and Taxes are Fleeing State in Big Numbers
- More Californians are moving from the Golden State, particularly lower-income residents, although even middle-class residents are saying goodbye.
- * The trend is a symptom of the state's housing crunch and, for some, high taxes.
- * Census Bureau data show California lost just over 138,000 people to domestic migration in the 12 months ended in July 2017.
- * Lower-cost states such as Arizona, Texas and Nevada are popular destinations for relocating Californians.
Californians may still love the beautiful weather and beaches, but more and more they are fed up with the high housing costs and taxes and deciding to flee to lower-cost states such as Nevada, Arizona and Texas. Christopher Thornberg, founding partner of research and consulting firm Beacon Economics in Los Angeles, said housing is the chief reason people are leaving California, pointing out there are frequently bidding wars for what limited inventory of homes is available. A USC Dornsife/Los Angeles Times Poll of Californians last fall found that the high cost of living, including housing, was the most important issue facing the state. It also found more than half of Californians wanted to repeal the state's new gas tax, which raised fees by 40 percent. "The rate at which California has been losing people to other states has accelerated in the past couple of years, in part because of rising housing costs," said Jed Kolko, chief economist with employment website Indeed.com.
He said the latest Census Bureau data, from July 2016 to July 2017, show "more people moved out of California to other states than moved in from other states. In other words, California lost people due to domestic migration." During that 12-month period, California saw a net loss of just over 138,000 people, while Texas had a net increase of more than 79,000 people. Arizona gained more than 63,000 residents, and Nevada gained more than 38,000.
- CNBC, March 31, 2018
164 Japanese Owned Companies Now in DFW, and More Coming
It is estimated that last year another dozen Japanese companies settled in the Dallas-Ft Worth area, bringing the current company count to 164. Dallas, Irving, Richardson and Plano top the list of North Texas cities with the most Japan-based companies. Here are the North Texas cities that host the largest number of Japanese companies:
- Dallas — 41 companies
- Irving — 34
- Richardson — 19
- Plano — 18
- Grapevine — 10
- Addison — 9
- Carrollton — 8
- Fort Worth — 8
Japanese companies choose North Texas for many of the same reasons that other companies do. A strong workforce. A central location, giving executives a three-hour plane trip to either U.S. coast. Plenty of land on which to build and a variety of buildings to lease. Relatively affordable housing. A reasonable regulatory environment. Low taxes.
Also critically important is what Stich called “Japanese infrastructure.” That includes a wide range, including a K-12 school in Carrollton that daughters and sons of Japanese ex-patriots attend on Saturday to keep up with their Japanese language, history and other lessons not taught in their regular Monday through Friday classes.
Here are 23 notable Japan-based companies in North Texas:
- American Honda Motor Co. in Irving
- Canon Business Solutions in Dallas
- Canon USA in Irving
- Fuji Semiconductor in Carrollton
- Fujifilm USA in Irving
- Fujitsu Network Communications in Richardson
- Hitachi Data Systems in Addison
- Hoya VisionCare North America in Lewisville
- Japan Airlines at Dallas Fort Worth International Airport
- Kawasaki Motors USA in Fort Worth
- Kubota Tractor in Grapevine
- Kyocera Mita in Irving
- Mitsubishi International in Irving
- NEC Corp. of America in Irving
- Panasonic Enterprise Solutions in Coppell
- Sanyo Energy USA in Frisco and The Colony
- Sony Electronics in Dallas
- Sony Pictures in Richardson
- Sumitomo Machinery in Carrollton
- Tohatsu America in Farmers Branch
- Toshiba Business Solutions in Addison
- Toyota Motos North America in Plano
- Yazaki Energy Solutions in Plano
- Dallas Business Journal
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