Statement on Amazon’s HQ2 Decision
Dallas Regional Chamber, City of Dallas to hold press conference today
The Dallas Regional Chamber was honored to lead the DFW Region’s unified response to Amazon’s HQ2 opportunity. Working closely with the Fort Worth Chamber and dozens of regional economic development partners, elected officials, community leaders, and the State of Texas, the Dallas Regional Chamber organized and delivered a comprehensive and compelling bid. We are particularly proud of how the DFW Region’s cities and leaders came together and spoke with a collective voice to showcase all the reasons why the DFW Region is a great place to live, work, and do business.
“This was a unique chance to reinforce with Amazon — and the world — the many reasons DFW has been so successful in attracting companies, jobs, and individuals seeking a wonderful quality of life in one of the most affordable places in the nation,” said Dale Petroskey, CEO and President of the Dallas Regional Chamber. “Make no mistake, this has been a ‘win’ for our region regardless of the outcome. Our business community grows and expands by the day, and our momentum as a destination of choice has only increased as a result of being a finalist for HQ2,” Petroskey said.
In the last 8 years, DFW has added more than 1 million new residents, growth fueled by more than 120 corporate headquarter relocations, hundreds of local company expansions, and the creation of more than 750,000 new jobs.
Since September 2017 alone, when the HQ2 project was launched, 40 corporations have announced relocations and expansions within the DFW Region, including Core-Mark, Louis Vuitton, Paycom, Peloton, Smoothie King, and Vistaprint.
The DFW labor force is strong, young, growing, and our tech workforce is accelerating at one of the fastest rates in the country – and DFW is home to the most technology workers in the state of Texas. And since 2011, more than 243,000 new residents with bachelors’ degrees or higher have moved here from other places. The region’s pipeline of home grown talent also gets stronger every day. The DFW Region has more than 1.4 million pre-k-12 public education students receiving daily STEM education and 107,000 K-12 students in Dallas-Fort Worth are enrolled in computer science programs. DFW has 15 major higher education institutions that graduate more than 47,000 bachelors, masters, or PhD students every year — 72 percent of whom choose to stay in DFW to join the local workforce.
“We like to win, and we’re used to winning, so while we are disappointed, we understand Amazon’s decision is one they believe is best for their company at this time,” said Mike Rosa, senior vice president of economic development at the Dallas Regional Chamber. “We are extremely proud of our partnership with the Fort Worth Chamber of Commerce and other economic development professionals in the region for the quality submittal we put forth – which resulted in the DFW Region advancing to a small group of finalists out of more than 238 submitted proposals. This is not a reflection on the merits of our region other than it was not the exact fit for Amazon’s HQ2 plans.”
“This was an historic opportunity for all DFW-area communities to work together, leverage all of our assets and showcase our region,” said Brandom Gengelbach, executive vice president of economic development for the Fort Worth Chamber of Commerce. “We put our very best foot forward in a way that will serve us well in the pursuit of future economic development opportunities.”
Milestones of Success and Progress in the DFW Region since September 2017 include:
|1||40 companies have relocated or expanded in the DFW Region in past 12 months
Since September 2017, there have been 40 corporate relocation and expansion announcements, including Core-Mark, Louis Vuitton, Paycom, Peloton, Smoothie King, and Vistaprint.
Source: Dallas Regional Chamber
|2||Texas was ranked the No. 1 state for business
Texas claimed the top spot in CNBC’s 2018 America’s Top States for Business rankings after adding more than 350,000 jobs in one year. Put another way, 1 in 7 jobs created in the United States in the past year was created in Texas. DFW is fueling this growth, adding one million new residents and more than 120 new headquarters since 2010.
|3||DFW was found to have the largest tech labor force in the South
Dallas-Fort Worth increased the number of tech degree graduates by 81 percent in the last five years — the fastest growth of all tech talent markets. Dallas-Fort Worth has the largest tech labor force in the South, the fifth-largest in North America, and the most affordable large market in the nation, according to a new report from CBRE.
|4||The University of Texas at Dallas qualified for the State’s ‘Tier One’ fund
UT Dallas announced in July that it has achieved the critical benchmark criteria required to qualify for funding from the National Research University Fund (NRUF), an exclusive source of research support available to the state’s “emerging research universities.” This recognition of excellence represents a significant research milestone for the university. Distributions from NRUF will be used to support activities that promote increased research capacity at the institution, including support for undergraduate research, the purchase of equipment and library materials, and faculty salaries and graduate student stipends.
|5||DFW Airport received $180 million in federal funds for runway expansions
To help cut down on runway crossings and get passengers to their gates faster, the airport plans to build a pair of taxiways that divert aircraft around, instead of through, the runways. In July, U.S. Transportation Secretary Elaine Chao announced a commitment of $180 million in federal funds, more than half of the project’s estimated price tag of $278 million.
|6||Dallas-area schools have shown remarkable improvement
|7||Dallas has started work on four new Downtown parks
Four new parks will add nearly 14 acres of greenspace to Downtown Dallas over the next five years. Funding has come from a mix of private donations, public funds, and future naming rights and sponsorship opportunities. Additionally, construction is underway on the I-35 deck park, a southern gateway version of the highly successful Klyde Warren Park.
|8||DFW experienced the largest population growth in the U.S.
The Dallas-Fort Worth-Arlington metropolitan area’s 146,000-population increase last year was the most of any metro area.
|9||Major carriers announce 5G infrastructure development in DFW
In early 2018 at the Mobile World Congress in Barcelona, T-Mobile and Sprint said that Dallas will be among the first cities where they’ll build the infrastructure for 5G technology. The announcements came a week after AT&T said Dallas will be among the dozen markets where the company will roll out mobile 5G by the end of 2018.
|10||DFW rose in ranking of world’s top cities for innovation
A new ranking from 2thinknow placed the North Texas metro area as 13th among the world’s top 500 cities for innovation. That’s up three places from the previous ranking in the Innovation Cities Program created by 2thinknow in 2006 and first published in 2007.
Senior Vice President, Communications
Director of Communications
We welcome your questions and comments. To request more information about area businesses or to share an idea, contact us: