Texas Named Nation's Top Business Market: North Texas Ranked As Second Top Market in the Country
Posted on: Friday, 3 March 2006, 00:00 CST
By Angela Shah, The Dallas Morning News
Mar. 2--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-Mobile.
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 its diverse economy, accessibility to the global marketplace, growing population and transportation infrastructure," said Michael Rosa, the Greater Dallas Chamber's vice president of economic development.
E-mail ashah@dallasnews.com
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Source: The Dallas Morning News
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