The Dallas-Fort Worth metro area is becoming an increasingly attractive destination for businesses of all sizes. From tech startups to Fortune 500 companies, the region is drawing in companies with its mild climate, three airports, business-friendly environment, and reasonable regulations. Dallas Regional Chamber President and CEO Dale Petroskey has identified a number of factors that make the area so appealing, such as its two major airports, low cost of living, and tax structure. In recent years, many companies have chosen to move their headquarters to the Dallas-Fort Worth area.
Bestow, Xcelerate Auto, and Texas Blockchain Council are just a few of the businesses that have relocated from other parts of Texas to take advantage of the central location in downtown Dallas. Charles Schwab and AECOM are two Fortune 500 companies that have moved from California to Westlake and Dallas respectively. The COVID-19 pandemic has also played a role in the influx of businesses to the region. With more relaxed work-in-office policies and a desire for greater flexibility, employment opportunities, and lower costs of living, North Texas has become an attractive option for individuals and businesses alike.
Data from real estate investment firm CBRE shows that technology companies are investing heavily in the area. Restaurant Revolution Technologies moved from Washington to Dallas, while Dublin-based software company Origina crossed the pond to open its U. S. office in the city.
This influx of tech companies has resulted in an 8.6% increase in software and IT worker migration over the past year, making Dallas one of the top hubs for engineers nationwide.