The Economic Climate of Texas The Case for Richardson

Internaonal Business Development Our Business Model

The Richardson Chamber of Commerce staffs and manages all three organizaons. Texas Business Climate

• CEOs and site selecon consultants agree: – 2012 Texas is Governor’s Cup Winner – Most Compeve State Site Selecon Magazine – 2012 Texas is Best State for Business CEO Magazine – 2012-13 Best Business Climate Business Facilies Magazine – 2013 Best State for Business Chief Execuve.net – 2013 A Top State for Fortune 500 Headquarters Fortune Magazine – 2013 America’s Top State for Economy & Intrastructure CNBC Texas Business Climate

• Texas is #2 in the naon in terms of economic output over the past ten years. • #1 State in exports last 10 years ($250 Billion in 2011) • Texas is home to 51 of the Fortune 500 corporaons • Texas is #1 state in job creaon the last 4 years • Texas is #2 state in the number of high tech workers and businesses in the U.S. (50% higher than #3 state) • Texas is centrally located to serve all of U.S., Canada, Lan America • Texas residents enjoy a high standard of living • Texas has a low cost of living • Texas has NO state personal income tax • For more informaon on Texas: www.TexasWideOpenforBusiness.com Texas Business Climate

• Low Taxes Cost of Living Comparison Corporate Tax Rates Housing Price Comparison Texas Business Climate

• Fair Legal System – Texas has passed sweeping reforms so that innocent employers can put their money into job growth rather than damage awards from lawsuits. • Tort Reform • Medical Liability Reform • Skilled Workforce – Steadily growing civilian workforce of over 12 million people – Second largest technology workforce in the U.S. – Highly-educated and skilled workers • 148 instuons of higher educaon • 177,000 undergraduate degrees/cerficates awarded in 2010 Where is Richardson, Texas?

In the Dallas / Fort Worth Metroplex Richardson – In the Dallas Metropolitan Area

• The Dallas and Fort Worth Texas metropolitan area (DFW) has a populaon of 6.8 million people.

• The metropolitan area consists of two large cies: Dallas & Fort worth and 30+ smaller cies.

• DFW has 9,286 square miles (24,100 km2) of total area and a populaon of 1.3 million people

• Richardson is a city of 103,000 people that boarders the city of Dallas to the north.

• Richardson is the second largest employment center in the metropolitan area second only to the City of Dallas. Richardson Workforce

• Richardson’s populaon: 103,000 • 1.4 million workers available within a 20 mile radius • Highly educated workforce – 50% of adults age 25 or older have a bachelors or advanced degree – 60% of the labor force has “some” college • Diverse populaon: – 58% White – 18% Hispanic – 16% Asian – 8% Black < a href="hp://www.webstat.com">< img src="hp://hv3.webstat.com/scripts/wsb.php? ac=77829" border="0" alt="Web Metrics and Hit Tracker by WebSTAT" /> Richardson – In the Dallas click to go to Google maps Metropolitan Area Richardson: The Telecom Corridor ®

City - 28.2 Square Miles Core 103,802 Populaon Telecom Corridor 11 square miles 3 square mile core Office Space - 12 Million SF Tech Space - 13 Million SF

Tech Jobs - 70,000+ Tech Companies - 500+ 50+ Foreign Tech Companies Why Locate in Richardson?

• The “Internaonal Business Capital of North Texas” * • Richardson is hub of “The Telecom Corridor®” • Richardson has several technology industry clusters • Close proximity to: – 10,000+ corporate headquarters in DFW metroplex – 22 Fortune 500 corporate headquarters (Dallas/Ausn) • Highly skilled, well educated workforce • Easy access to whole Metroplex via highways, toll roads, light rail • Main campus of UT Dallas located in Richardson

* Texas state legislature proclamaon - 2011 Richardson Economic Development

• One of the top three technology centers in the U.S. • Large concentraon of high tech firms (600+) • Richardson is best locaon in DFW for technology companies • Major tech employers include: – AT&T - Cisco Systems - Samsung Wireless – Verizon - Elcan/Raytheon - MetroPCS – Ericsson - TriQuint Semiconductor - Honeywell – Rockwell Collins - Texas Instruments - Fujitsu – ZTE • Over 50 internaonal companies located in Richardson • Richardson Chamber of Commerce is “FIVE STAR” cerfied by the U.S. Chamber of Commerce Sample of Largest Companies

STATE FARM INSURANCE Richardson Economic Development

• Richardson’s Telecom Corridor awarded membership in Internaonal Associaon of Science Parks (IASP) as an “Area of Innovaon”. • Internaonal Economic Development Council (IEDC) awarded Richardson the “Silver Award” for 2013 excellence in economic development regarding “Responding to Globalizaon. • Richardson ranked as #3 “City of the Future 2013-14” in Americas for FDI posioning and favorability. • Richardson & University of Texas at Dallas is a member of the U.S. Ignite program to bolster high speed internet of the future. Richardson Industry Clusters

• Richardson Core Industry Clusters – Telecommunicaons / Wireless Technology – Semiconductor Manufacturing / Semiconductor Supply Chain – Informaon and Communicaons Technology (ICT) – Soware – Video Gaming / Computer Animaon / Computer Simulaon – Data Centers / Cloud Compung – Electronic Equipment – Defense Contracng – Medical / Dental Devices – RFID – Insurance / Financial Services Outstanding Research University

• The University of Texas at Dallas – Main campus located in NW Richardson – Enrollment: 20,000 – 7 schools; 3800 annual graduates – Public research university – Large internaonal student enrollment – Top ranked programs in: • Engineering & Computer Science • Management • Natural Sciences • Brain Science Technology • Arts & Technology (computer graphics / animaon) – Approaching Tier One Research University status Internaonal Programs and Resources

• Richardson Economic Development Internaonal Business Programs – “So Landing” Office Space – Business Concierge Program (services to launch a U.S. business) - Legal firms - Internaonal banking - Accounng firms - Market analysis/business plan review - Staffing firms - Commercial real estate services - Translaon assistance - Business consulng – Import/ Export Assistance – Five Star Chamber of Commerce • Metroplex Technology Business Council • Relaonships with Internaonal Chambers of Commerce • UT Dallas Research and Development Projects FDI Incenves

• State of Texas Economic Development incenves – Texas Enterprise Fund (Largest such fund in U.S.) – Texas Emerging Technology Fund – Texas Skills Development Fund – Tax Incenves – State Financing Programs • Asset-based loans for companies • leveraged loans to communies • Tax-exempt bond financing • Local Incenves – Infrastructure Parcipaon – Tax Abatements – Fee Waivers Richardson, Texas A Global Business Locaon

Home of “The Telecom Corridor®”

The Best Place in the U.S. to Launch Your Technology Business! Contact Informaon

For addional informaon please contact:

Michael Skelton Director, Mayor’s Office of Internaonal Business Richardson Economic Development Partnership 411 Belle Grove Drive Richardson, Texas USA 75080 Phone: 972-792-2814 Email: [email protected] Skype: mdskelton Website: www.telecomcorridor.com/internaonal