Economic Development Profile 2016

Credit: Corgan

Credit: Urban Fabric Photography Credit: DCVB

DallasEcoDev.org (214) 670-1685

Thematic Guide

The Economic Development Profile introduces Dallas to prospective investors, developers, businesses and residents. The Profile’s purpose is to support the development process by informing the private sector so that both public and private returns are maximized. The individual pages are also designed so that they can be combined in ways to support each client’s individual needs. All components are available on The City of Dallas Office of Economic Development (OED) website at DallasEcoDev.org. Overview: City of Dallas and DFW Area 30. International Trade Quality of Life 3. Dallas Competitive Advantages 31. Logistics Infrastructure 51. Quality of Life Overview 4. Dallas Is Centrally Located 32. Public Transportation 52. Cost of Living 5. City of Dallas and Dallas-Fort Worth 33. Water Supply 53. Cultural Arts Overview 34. Development Policy 54. Sports and Recreation 6. North America’s Center City 35. Redevelopment Programs 55. Shopping and Dining 7. Dallas-Fort Worth Metro Area Comparisons 36. Business Development Programs 56. Colleges and Universities 8. Dallas and the Texas Economy 37. Taxes 57. Primary and Secondary Education 9. U.S. and Global Context 38. Utility Pricing 58. Health Care Assets 10. Economic Milestones 39. Industrial Rents 59. Climate and Ecology 11. Overview Map 40. Office Rents 60. Environmental Stewardship 12. Dallas City and Metro Demographics Employment in Dallas Economic Statistics 13. Commuting and Labor Shed 41. Career Opportunities 61. Unemployment Rate 14. 2015 Year In Review/Awards 42. Workforce 62. Personal Income Growth Business Environment 43. For Employers 63. Construction Activity 16. Major Dallas Industries 44. Workforce Training 64. Gross Sales 17. Fortune 500 Companies 65. Gross City Product Estimate Economic Development Strategy 18. Dallas-Headquartered Companies 66. City of Dallas Stock Index 45. Catalyst: Downtown Dallas 19. DFW Top 25 Private Employers 67. Comparative MSA Home Prices 46. Downtown Statistics 21. Top Recent Relocations/Expansions in Dallas 47. Catalyst: Expanded Downtown-Uptown 27. Small Business Statistics 48. Catalyst: Trinity River 28. Minority- and Women-Owned Business 49. Major Infrastructure Projects Enterprises 50. Dallas Film Commission 29. Research and Development

City of Dallas Economic Development Profile 2016 DallasEcoDev.org

(214) 670-1685 City of Dallas Publication: 06/07-84

Dallas Competitive Advantages

The Talent. Dallas businesses have access to an almost 3.4 million strong workforce, where 32% of regional workers have at least a college degree. There are over 850,000 professionals in management, finance, computing, architecture, engineering and the sciences and over 415,000 professionals in education and health services. A diverse economy offers many opportunities for dual profession families and assures a strong pool of talent for area businesses.

The Companies. The Dallas area is home to 21 Fortune 500 companies. The city is home to 300 corporate headquarters that each employ more than 1,000 people globally. Of Forbes’ largest privately held companies, seven are located in the Dallas area. DART Rail Inland Port The Places. The City is home to 128.9 million sq. ft. of office space, along with thousands of acres of vacant developable land for distribution, office and retail use.

The Lifestyle. With the cost of living at 96.1% of the national average and no personal income tax, Dallas offers a wonderful quality of life. A growing transit system includes 62 rail stations, plus two more planned. Area colleges and universities enroll 342,000 students, and Dallas has the largest arts district in the U.S. Thousands of restaurants, 28 libraries, 80.9 million square feet of shopping, 23,000 park acres, 143 miles of trails, plus franchises for all the major professional sports leagues provide endless entertainment. Credit: Urban Fabric Photography Credit: Brian Birzer Photography The World. DFW International Airport and Dallas Love Field put the city less than 3.5 Dallas Love Field Airport White Rock Lake hours from major North American business centers: New York, Los Angeles, Mexico City, Toronto, Chicago and Atlanta. Five interstate highways put over 35% of the U.S. population within 48 hours of Dallas by truck, and three class I railroads put 98% within 48 hours by rail.

The Future. Dallas is a growing city with a local market of 7.1 million residents. The Dallas MSA is among the world’s 75 fastest growing economies, according to the Brookings Institute.

The Support. Dallas government is pro-development, maintaining a comprehensive plan and economic development strategy to encourage growth. Credit: Tim Hursley

All Ways Connected Winspear Opera House Downtown Dallas City of Dallas Economic Development Profile 2016 DallasEcoDev.org 3 (214) 670-1685 City of Dallas Publication: 06/07-84

Dallas Is Centrally Located

Centrally located within Dallas-Fort Worth

Centrally located within North America

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 4 (214) 670-1685 City of Dallas Publication: 06/07-84

City of Dallas and Dallas-Fort Worth Overview

DFW Economic Overview DFW Demographic Overview  4th largest economy by output (2014) City of Dallas DFW  5th largest by personal income (2013) Residents 1,281,031 6,954,003  $460.2 Billion Gross Metro Product (2014) Median Age 32.4 34.5 1.59 billion sq. ft. commercial space (March 2015)  Bachelor’s Degree or Higher 29.9% 32.4%  96.1% of U.S. average cost of living (2015) Source: U.S. Census Bureau American Community Survey 1-Year Estimates, 2014.  4th largest population in U.S. (2015)

City of Dallas and DFW Employment by Industry Dallas-Fort Worth Metropolitan Statistical Area (MSA) Industry City of Dallas DFW Trade, Transportation, and Utilities 20.0% 21.3% Professional and Business 18.9% 16.5% Health and Education 14.4% 12.3% Leisure and Hospitality 10.0% 10.3% Financial Activities 9.8% 8.1% Manufacturing 7.4% 7.7% Government 6.7% 12.0% Resources, Mining & Construction 5.2% 5.9% Other Services 4.5% 3.5%

Information 3.2% 2.4% Source: US Census Bureau, 2015; Dallas Office of Economic Development, 2015. Source: Texas Workforce Commission; Bureau of Labor Statistics; Bureau of Economic Analysis; Info USA; Dallas Office of Economic Development; C2ER; CoStar.com.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 5 (214) 670-1685 City of Dallas Publication: 06/07-84

North America’s Center City

 The City of Dallas is the urban core and largest city in the nation’s fastest- growing metropolitan economy and fourth most populous metropolitan 1.28 Million Residents area with 7.1 million residents.  If the City of Dallas were a corporation, it would be #844 on the Fortune 1.13 Million Workers 1000 list.  Dallas is the hub of business in North Texas. Thirty-eight percent of all Increase in passengers at businesses headquartered in DFW that employ more than 1,000 people Dallas Love Field since 2014 globally are based in the city. Dallas has over 19,000 micro-businesses, 60% and a quarter of all small businesses in DFW are located in Dallas.

Of all DFW headquartered  Dallas is the center of the tourism and convention industry in Dallas-Fort 38% business employing 1,000+ Worth. Twenty-seven percent of all hotel rooms in DFW are located in the City of Dallas, more than twice as much as any other city. Dallas is the ninth best convention center destination in the U.S., according to Cvent. Of DFW Office Space 37%  Dallas has superior transportation options. With city-owned Dallas Love Field only six miles from downtown, residents have a short and hassle-free trip to and from the airport. Since October 2014, there has been a 20% Of DFW Hotel Rooms increase in flights and 60% increase in passenger traffic. Additionally, 27% Dallas has 44 passenger rail stations and is the hub of the largest transit network in DFW, including a direct link to DFW Airport. Of DFW 27%  Dallas is North Texas’ urban lifestyle center, and neighborhoods in Dallas Economic Output are truly diverse. Residents can choose from funky downtown lofts, sophisticated high rises with concierge services, stately historic mansions, charming bungalows, ranch homes that are perfect for families, modern 25% Of DFW Industrial Space style, eco-friendly homes, and even homes with lots of over an acre. Dallas has many options for mixed-use living where restaurants, retail stores and good transportation options are just steps away from your front Passenger Rail Stations door. High-quality apartments are also plentiful, with many near nightlife, 44 light rail, major employment centers and transportation corridors.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 6 (214) 670-1685 City of Dallas Publication: 06/07-84

Dallas-Fort Worth Metro Area Comparisons

2010-2015 Cost of Living 2014-2015 Median Median House Price Unemployment Rate Metro Population (2015 Annual Avg; Employment Household (Q1 2016p) (March 2016p) Growth Rate US Avg.=100) Growth Rate Income Atlanta 8.0% 99.9 $167,800 1.6% $56,166 5.2 Chicago 0.9% 116.2 $208,600 1.0% $61,598 6.6 Dallas 10.5% 96.1 $210,100 1.5% $59,530 3.8 Houston 12.4% 98.2 $208,000 0.1% $60,072 4.9 Los Angeles 4.0% 140.3 $458,900 1.9% $60,514 4.8 New York 3.1% 227.4 $381,000 2.1% $67,066 5.0 Phoenix 9.1% 95.9 $223,100 3.4% $53,365 4.5 Source: U.S. Census Bureau, Cumulative Estimates of Resident Population Change and Rankings: April 1, 2010 to July 1, 2014, Texas Workforce Commission, 2015, C2ER 2014 Cost of Living, National Association of Realtors, Bureau of Labor Statistics - Payroll Employment, U.S. Bureau of Labor Statistics, values not seasonally adjusted.

Ten Most Populous U.S. Metro Areas (Millions) in 2015 New York 20.09 Los Angeles 13.26 Chicago 9.55 Dallas-Fort Worth 6.95 Houston 6.49 Philadelphia 6.05 Washington, DC 6.03 Miami 5.93 Atlanta 5.61 Boston 4.73 Credit: Bobby Lajoie Source: U.S. Census American Community Survey 1-Year Estimates, 2014. City of Dallas Economic Development Profile 2016 DallasEcoDev.org 7 (214) 670-1685 City of Dallas Publication: 06/07-84

Dallas and the Texas Economy

The Texas economy is strong and diverse. Major industry sectors include:  Transportation  Aerospace and defense  Financial services  High-tech electronics  Energy  Retail and wholesale trade

Benefits of Texas as a place to do business:  No personal income tax  Affordable land  Large labor force of 13.1 million and population of 26.96 million  54 Fortune 500 company headquarters (second most)  Lower unemployment rate (annual 2015 rate was 4.1%, 1.2 percentage points lower than the U.S. rate)  2nd highest real gross state product in the nation ($1.46 trillion in 2014)

Dallas-Fort Worth is the largest metro area in Texas and is economically strong:  Has 25.8% of the total state population  Produces nearly 32% of Texas’ total economic output  Has 37% of Texas’ high-tech workforce

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 8 (214) 670-1685 City of Dallas Publication: 06/07-84

U.S. and Global Context

Population of Similarly-Sized Global Metropolitan Areas:  Rotterdam-Amsterdam (7,082,700)  Dallas-Fort Worth (6,954,003)  Madrid (6,677,300)  Toronto (6,036,800)  Singapore (5,472,700)

Source: Brookings analysis of data from Oxford Economics, Moody’s Analytics, and U.S. Census Bureau.

Comparative Gross Domestic Product (GDP) of Global Metropolitan Areas (PPP, $Millions)

Source: "Global Metro Monitor 2014: An Uncertain Recovery" (Washington: Brookings Institution, 2014). City of Dallas Economic Development Profile 2016 DallasEcoDev.org 9 (214) 670-1685 City of Dallas Publication: 06/07-84

Economic Milestones

 1841 - Founded as trading post on a Republic of Texas military highway and Trinity River crossing

 1873 - Secured North Texas’ first railroad crossing

 1907 - Luxury retailer Neiman Marcus founded

 1909 - First skyscraper in Dallas and the southwestern U.S. opened

 1913 - Awarded the eleventh Federal Reserve district headquarters Credit: From the collections of the Texas/Dallas History and Archives Division, Dallas Public Library  1927 - World’s first convenience store opened, now known as 7-Eleven

 1928 - Purchased Love Field to become one of the first aviation-savvy cities

 1957 - Dallas Market Center opened, eventually playing host to more than 75,000 buyers a year

 1958-62 - Invented the integrated circuit (Texas Instruments) and data processing service (Electronic Data Systems), making Dallas a leading technology city

 1971 - Southwest Airlines incorporated in Texas and commenced service

 1971 - Margarita machine invented

 1973 - Collaborated with Fort Worth to build DFW International Airport

 1975 - Chili’s opened, pioneering the casual dining industry

 1996 - Opened Dallas Area Rapid Transit rail system

 2007 & 2008 - Comerica and AT&T relocated their headquarters to Dallas

 2009 - Opened AT&T Performing Arts Center in the Arts District, the largest district in the nation

 2012 - Klyde Warren Park opened over Woodall Rodgers Freeway, unifying downtown and Uptown

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 10 (214) 670-1685 City of Dallas Publication: 06/07-84

Overview Map

Disclaimer: This product is for informational purposes and may not have been prepared for or be suitable for legal, engineering, or surveying purposes. It does not represent an on-the-ground survey and represents only the approximate relative location of property boundaries. City of Dallas Economic Development Profile 2016 DallasEcoDev.org 11 (214) 670-1685 City of Dallas Publication: 06/07-84

Dallas City and Metro Demographics

City of Dallas Dallas-Fort Worth Metro Population 2014 Estimate 2014 Estimate Residents 1,281,031 6,954,003 Median Age 32.4 34.5

Race and Ethnicity 2014 Estimate % 2014 Estimate %

Non-Hispanic White 373,759 29.2 3,359,752 48.3 Klyde Warren Park Non-Hispanic Black 307,913 24.0 1,038,884 14.9 Hispanic 530,798 41.4 1,962,628 28.2 Non-Hispanic Other Race 68,561 5.4 592,739 8.5

Foreign Born 311,168 24.3 1,243,764 17.9

English as Second Language Credit: DCVB Primary Language; Spanish 455,484 38.7 1,490,010 23.1 Ballet Folklorico Primary Language; Other 63,581 5.4 491,467 7.6

Household and Income Total Households 484,335 2,445,239 Median Household Income $43,003 $59,530 Per Capita Income $28,771 $30,325

Source: U.S. Census Bureau, Annual Estimate of the Resident Population, 2015. U.S. Census Bureau American Community Survey Credit: DCVB 1-Year Estimates, 2014. Deep Ellum Street Festival

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 12 (214) 670-1685 City of Dallas Publication: 06/07-84

Commuting and Labor Shed

Dallas Draws from a Regional Workforce The City of Dallas, and downtown Dallas (CBD), is the transportation hub of Dallas -Fort Worth.

The regional highway network converges on downtown Dallas, with the intersection of I-35E, I-30 and I-45, along with the termini of the Dallas North Tollway and the North Central Expressway.

The average commute time to the CBD is 17 minutes for a resident in the City of Dallas and a 33 minute average for a resident in greater Dallas-Fort Worth.

Employees working in the downtown Dallas Central Business District (CBD) commute from around the metro area, including a high concentration who live just north and east of downtown.

The Downtown Dallas workforce:  52.5% live in Dallas County  10.0% live in Tarrant County  9.7% live in Collin County  6.6% live in Denton County Source: U.S. Census Bureau Local Employment Dynamics, 2014; Google Maps API, 2016. Labor Shed for employees working in the downtown Dallas CBD.

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2015 Year in Review / Awards (Page 1 of 2)

2015 Year in Review Award-Winning Economic Development  Private investment committed via public-private  2015 National Development Council Creative Financing partnership program: $246,550,000 Award: Lancaster Urban Village  New developments and projects by public-private  2015 Center for Development Excellence CLIDE Award - partnership program: 18 Public Planning and Policy: TOD TIF District  New jobs anticipated to be created or retained by public-  2015 Center for Development Excellence CLIDE Award - New private partnership program: 4,484 Urban Development: Lancaster Urban Village  Total private investment committed in TIF Districts:  2015 Council of Development Finance Agencies Excellence $572,276,311 Award: City of Dallas TIF Program  Total public funds committed to projects in TIF districts: $75,555,000

2015 Major Projects Human resource consulting firm OneSource Virtual will relocate its headquarters to the Cypress Waters development. A new 215,000 sq. ft. office building will hold 1,300 employees and represents a minimum investment of nearly $45 million. Cypress Waters is a $1.5 billion master- planned mixed-use development with 773 residential units and 500,000 sq. ft. of office space completed and another 141 residential units and 650,000 sq. ft. of office under construction. Nationstar Mortgage, Meritage Homes, CoreLogic, and Toyota Industries Consumer Finance are among the corporate tenants.

Global cloud-based software company Comparex established its new US division headquarters at Plaza of the Americas in downtown Dallas. The company will add 180 employees.

ProLogis began construction on a 670,000 sq. ft. online fulfillment center at Mountain Creek Business Park for Ulta, a retailer of cosmetics and other personal care products, who will be creating at least 450 jobs and investing $18 million in the project.

Downtown Dallas momentum continued with City Council approval for public-private partnerships on the rehabilitation of several downtown buildings, including the Mayflower Building and Saint Elm Hotel.

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2015 Year in Review / Awards (Page 2 of 2)

Downtown continues to add a growing mix of new residential units, hotel rooms and retail space. Construction completed on several projects, including the LTV Tower Apartments / Hilton Garden Inn, Hartford Building, and KPMG Plaza at Hall Arts, while work neared completion on One Main Place / Westin Hotel and Mid-Elm Lofts. Additionally, the Dallas Farmers Market reinvention continued with the opening of The Shed outdoor and The Market indoor spaces and the start of construction on the FM Harvest Lofts.

The first phase of new vertical development at Trinity Groves, a mixed-use restaurant-focused district in West Dallas, is under construction. Anchored by over 14 unique food concepts housed in re-used industrial spaces, the district’s first new building will add 349 apartments and another 33,500 sq. ft. of retail space plus structured parking, for an investment of $58 million.

Trinity Groves KPMG Plaza at Hall Arts Dallas Farmers Market Shops

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 15 (214) 670-1685 City of Dallas Publication: 06/07-84

Major Dallas Industries

The Dallas Fort-Worth MSA has a notably higher concentration than the nation of mining, construction, manufacturing and logistics occupations, as well as high-end business service and information occupations.

Figure 1 Comparative National, DFW and City Industry Jobs Mix Dallas-Fort Worth MSA Employment Dallas Employment by Industry by Industry (Annual 2015) Trade, Transportation, and Utilities

Industry Jobs Professional and Business Services Trade, Transportation, & Utilities 723,500 Education and Health Services Professional & Business Services 561,000 Leisure and Hospitality Education and Health Services 416,600 Financial Activities Government 409,300 Manufacturing Leisure and Hospitality 351,100

Financial Activities 276,300 Government

Manufacturing 263,000 Mining, Logging and Construction

Mining, Logging and Construction 199,500 Other Services

Other Services 118,900 Information

Information 80,200 0% 5% 10% 15% 20% Total 3,399,400 US DFW COD Source: Texas Workforce Commission, Bureau of Labor statistics, COD (Annual 2015).

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 16 (214) 670-1685 City of Dallas Publication: 06/07-84

Fortune 500 Companies

Dallas is one of the world’s leading corporate headquarters centers. Fortune 500 Companies Headquartered It boasts: in the City of Dallas (2015)  21 Fortune 500 companies and 41 Fortune 1000 companies in DFW  7 companies on the 2015 Forbes list of America’s Largest Private Companies (DFW)  656 total headquarters operations that employ at least 1,000 globally (DFW)

Dallas’ efficiency as a headquarters city is based on its:  Quality transportation system with air operations to 148 U.S. and 55 international cities  Large metro professional services workforce - 561,000 jobs (DFW MSA 2015 average)  Affordable cost of business with a cost of living 96.1% of the national average (2015)  Central location and great business culture Source: Fortune, Forbes, Hoovers, City of Dallas Office of Economic Development, C2ER, and Texas Workforce Commission.

Other DFW Fortune 500 companies:  Exxon Mobil  D.R. Horton, Inc.  American Airlines Group  Commercial Metals  Fluor Corp.  Celanese  Kimberly-Clark  Dr. Pepper Snapple Group  J.C. Penney  Alliance Data Systems  GameStop  Pioneer Natural Resources

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 17 (214) 670-1685 City of Dallas Publication: 06/07-84

Dallas-Headquartered Companies

The City of Dallas is home to: Largest Publicly-Traded Companies Headquartered in Dallas  157 publicly-traded companies  3,413 company headquarters  225 Class A office buildings  Over 6,500 industrial/flex buildings Source: Hoovers and CoStar.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 18 (214) 670-1685 City of Dallas Publication: 06/07-84

DFW Top 25 Private Employers (Page 1 of 2)

Local Company* Description Main Local Address Zip Code Headquarters Employment

Wal-Mart Stores Retailer 25,534 Bentonville, AR

American Airlines Group Airline 25,000 4333 Amon Carter Blvd., Fort Worth 76155 Fort Worth

Texas Health Resources Hospital and health care 19,131 612 E Lamar Blvd., Arlington 76011 Arlington

Baylor Scott and White Health Hospital and health care 16,860 4005 Crutcher St., Dallas 75246 Dallas

Bank of America Banking 14,465 901 Main St., Dallas 75202 Charlotte, NC

Lockheed Martin Aeronautics Aviation and aerospace 13,700 1 Lockheed Blvd. MZ 1224, Fort Worth 76108 Bethesda, MD

Texas Instruments Semiconductors 13,000 12500 TI Blvd., Dallas 75243 Dallas

JPMorgan Chase Bank, N.A. Banking 12,600 2200 Ross Ave., Dallas 75201 Columbus, OH

HCA North Texas Division Hospital and health care 11,612 6565 N. McArthur Blvd., Ste. 350, Irving 75039 Nashville, TN

Southwest Airlines Airline 9,500** 2702 Love Field Dr., Dallas 75235 Dallas

Target Retailer 8,270 Minneapolis, MN

Verizon Communications Telecommunications 8,100 600 Hidden Ridge, Irving 75038 New York, NY

Raytheon Aviation and aerospace 8,000 2501 W. University Dr., McKinney 75071 Waltham, MA

Biotechnology, Medical Alcon Laboratories Inc. 5,912 6201 S. Fwy., Fort Worth 76134 Fort Worth Devices, Pharmaceuticals Source: Dallas Business Journal Book of Lists, 2016 (December 25, 2015). **Provided by Southwest Airlines. *AT&T and Frito Lay did not submit information. They are believed to also be among the largest North Texas employers.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 19 (214) 670-1685 City of Dallas Publication: 06/07-84

DFW Top 25 Private Employers (Page 2 of 2)

Local Company* Description Main Local Address Zip Code Headquarters Employment Cook Children’s Health Care Hospital and health care 5,876 801 7th Ave., Fort Worth 76104 Fort Worth System

The Kroger Co. Supermarket 5,732 1331 E. Airport Fwy., Irving 75062 Cincinnati, OH

Methodist Health System Hospital and health care 5,723 1441 N. Beckley Ave., Dallas 75203 Dallas

Albertson’s / Tom Thumb Supermarket 5,643 7580 Oak Grove Rd., Fort Worth 76140 Boise, ID

Fidelity Investments Financial services 5,600 1 Destiny Way, Westlake 76262 Boston, MA

Citi Financial services 5,500 2001 Ross Ave., Dallas 75201 New York, NY Children's Health System of Hospital and health care 5,438 1935 Medical Center Dr., Dallas 75235 Dallas Texas

Capital One Financial services 5,400 7933 Preston Rd., Plano 75024 McLean, VA

Wells Fargo Banking 5,271 201 Main St., Ste. 200, Fort Worth 76102 San Francisco, CA

J.C. Penney, Co. Retailer 4,388 6501 Legacy Dr., Plano 75024 Plano

3255 Bell Helicopter Blvd., Bell Helicopter Aviation and aerospace 4,378 76118 Fort Worth Fort Worth Source: Dallas Business Journal Book of Lists, 2016 (December 25, 2015). *AT&T and Frito Lay did not submit information. They are believed to also be among the largest North Texas employers.

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Top Recent Relocations/Expansions in Dallas (Page 1 of 6)

Total Dallas Company Year* Product/Service Address Employment

BT Global Services 2016 Information services (Americas HQ relocation) 8951 Cypress Waters Blvd. 250

EnLink Midstream Partners 2016 Oil and gas (HQ expansion) 1722 Routh St.

Revere Capital LLC 2016 Financial services (HQ relocation) 2000 McKinney Ave. 17

rewardStyle 2016 Information services (HQ expansion) 3102 Oak Lawn Ave. 100+

Senderra RX 2016 Pharmaceuticals (HQ relocation) 9330 LBJ Expy.

Serta Dormae 2016 Mattress manufacturing 9200 Old Hickory Tr. 100

Southwest Airlines 2016 Passenger airline (HQ expansion and training facility) 2175 Research Row 4,000

Adestra 2015 Email marketing (Americas HQ) 4925 Greenville Ave. 30

Amazon 2015 Online retailer (Distribution center) 400+

AMN Healthcare 2015 Healthcare staffing (Regional office relocation) 8840 Cypress Waters Blvd. 550

Comparex USA 2015 Cloud services (North American HQ) 600 N. Pearl St. 180 Property information services (Regional office CoreLogic 2015 3001 Hackberry Rd. 1,600 consolidation and expansion) Hall Structured Finance 2015 Financial (HQ relocation) 2323 Ross Ave.

JQ 2015 Engineering (HQ relocation) 100 Glass St. 100

Master Halco 2015 Fencing and security manufacturer (HQ relocation) 3010 LBJ Fwy.

Mission Foods 2015 Food manufacturing 1415 N. Cockrell Hill Rd.

*Year relocation/expansion made or announced.

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Top Recent Relocations/Expansions in Dallas (Page 2 of 6)

Total Dallas Company Year* Product/Service Address Employment

Neiman Marcus 2015 Department store (Office expansion) 1700 Pacific Ave. 90

OneSource Virtual Inc. 2015 Human resources (HQ relocation) 9001 Cypress Waters Blvd. 1,300

The Richards Group 2015 Advertising (HQ expansion) 3504 N. Central Expy. 650

Tenet Healthcare 2015 Hospitals (HQ expansion) 1445 Ross Ave. 700

TopGolf 2015 Recreation (HQ expansion) 8750 N. Central Expy. 75+ Toyota Industries Commercial 2015 Commercial lending (HQ relocation) 8951 Cypress Waters Blvd. 170 Finance Ulta 2015 Cosmetics (Distribution center) 4800 Mountain Creek Pkwy. 450

Active Networks / Lanyon 2014 Computers / Data Processing (HQ relocation) 717 N. Harwood St. 1,200

Amazon 2014 Online retailer (Regional office) 13455 Noel Rd.

Angel Flight South Central 2014 Nonprofit (HQ relocation) 5419 Saturn Dr.

Commemorative Air Force 2014 Museum/Nonprofit (HQ relocation) Dallas Executive Airport 90

Cummins Southern Plains 2014 Engine manufacturing 4855 Mountain Creek Pkwy . 100

Mary Kay 2014 Cosmetics (Distribution center expansion) 1330 Regal Row 697 Mortgage servicing and origination Nationstar Mortgage 2014 8950 Cypress Waters Blvd. 1,300 (HQ relocation) NFI Industries 2014 Logistics (Distribution center) 4040 Pipestone Rd.

Omnitracs 2014 Transportation management (HQ relocation) 717 N. Harwood St. 450

*Year relocation/expansion made or announced.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 22 (214) 670-1685 City of Dallas Publication: 06/07-84

Top Recent Relocations/Expansions in Dallas (Page 3 of 6)

Total Dallas Company Year* Product/Service Address Employment

Santander Consumer USA Inc. 2014 Auto lending (Regional office) 1601 Elm St. 1,400

The Trunk Club 2014 Retailer (Regional office) 333 1st Ave.

Tower Legal Services 2014 Legal services (HQ relocation) 901 Main St. 150

US Cold Storage 2014 Refrigerated storage (Warehousing) 2225 N. Cockrell Hill Rd. 25

White Wave Foods 2014 Food manufacturing (Expansion) 3333 Dan Morton Dr. 85

WingStop 2014 Restaurant (HQ relocation) 5501 LBJ Fwy.

Account Control Technology 2013 Call center 11830 Webb Chapel Rd. 300 Fabricated metal product manufacturing Accudyne Industries 2013 2728 N. Harwood St. (HQ relocation) 5,600 AT&T 2013 Telecommunications (HQ expansion) 208 S. Akard St. (HQ location) Borden Dairy 2013 Food manufacturing (Expansion) 5327 S. Lamar St. 100+

Breitling Energy Companies Inc. 2013 Oil and gas (HQ expansion) 1910 Pacific Ave.

Ciao Telecom 2013 Telecommunications (HQ relocation) 8390 LBJ Fwy 65

Conn Appliances Inc. 2013 Distribution center 4800 Langdon Rd.

Earthlink Inc. 2013 Data center 2323 Bryan St. Electronic components wholesalers General Datatech Inc. 2013 999 Metro Media Place 180 (HQ expansion) *Year relocation/expansion made or announced.

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Top Recent Relocations/Expansions in Dallas (Page 4 of 6)

Total Dallas Company Year* Product/Service Address Employment

HKS 2013 Architecture (HQ expansion) 350 N. St. Paul St. 500+

Hotels.com 2013 Internet sales (HQ expansion) 5400 LBJ Fwy.

Kohl’s Department Stores 2013 Customer service operation center 17657 Waterview Pkwy. 144+ Owens Corning Insulating 2013 Insulation manufacturing 3737 Duncanville Rd. Systems Ozburn-Hessey Logistics 2013 Logistics (Warehouse expansion) 3700 Pinnacle Point Dr.

UMB Bank 2013 Financial services (Regional office) 2323 Ross Ave.

Universal Lubricants 2013 Warehouse / distribution center 12003 Corporate Dr. 35 International business consulting (Regional Bain & Co. 2012 1717 McKinney Ave. office relocation) Breitling Oil & Gas 2012 Oil & gas (HQ relocation) 1910 Pacific Ave. 100

CoreSpace Inc. 2012 Data center provider (HQ relocation) 7505 John Carpenter Fwy. 20

Dealertrack Technologies 2012 On-demand software (Regional office expansion) 13737 Noel Rd. 240

HollyFrontier Corp. 2012 Petroleum refiner and marketer (HQ expansion) 2828 N. Harwood St. 100

Home Depot 2012 Hardware retailer (Distribution center) 2320 Beckleymeade Rd. 75 Engineering, architecture, and construction Jacobs Engineering Group 2012 1999 Bryan St. 350 (Regional office expansion) L'Oreal 2012 Personal care (Distribution center) 2900 Cedardale Rd. 95+

*Year relocation/expansion made or announced.

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Top Recent Relocations/Expansions in Dallas (Page 5 of 6)

Total Dallas Company Year* Product/Service Address Employment

Mile Hi Specialty Foods Inc 2012 Food distribution (Distribution center) 8900 Old Hickory Trail 60

MV Transportation 2012 Paratransit (HQ relocation) 5910 N. Central Expy. 200

Newmark Grubb Knight Frank 2012 Real estate brokerage (HQ relocation) 2515 McKinney Ave. 50

PFSweb Inc. 2012 Customer contact center 1201 Elm St. 800

Prime Distribution 2012 Logistics 5194 S. Buckner Blvd. 35

Reel FX 2012 Creative studio (HQ expansion) 301 N Crowdus St. 375

Ryan LLC 2012 Accounting & tax services (HQ expansion) 13155 Noel Rd. 550

TopGolf Inc. 2012 Entertainment (HQ relocation) 1717 McKinney Ave. 75

TRT Holdings 2012 Private equity holdings (HQ relocation 4001 Maple Ave. 200

U.S. Patent & Trade Office 2012 U.S. patent system (Regional office) 2007 S. Houston St. 120

Wingspan Portfolio Advisors LLC 2012 Mortgage servicing (HQ relocation) 18451 N. Dallas Pkwy. 500

AccentCare 2011 Home healthcare (HQ relocation) 17855 N. Dallas Pkwy. 110+

Benchmark Title LLC 2011 Commercial title company (HQ relocation) 2000 McKinney Ave. 30

Encore Enterprises, Inc. 2011 Call center 2608 Inwood Rd. 200

*Year relocation/expansion made or announced.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 25 (214) 670-1685 City of Dallas Publication: 06/07-84

Top Recent Relocations/Expansions in Dallas (Page 6 of 6)

Total Dallas Company Year* Product/Service Address Employment

FedEx Smart Post 2011 Logistics (Warehouse) 3901 Adler Rd. Curriculum and Educational Software (HQ Cambium Learning Group Inc. 2010 17855 Dallas Pkwy. 200 relocation) Cushman & Wakefield of Texas 2010 Commercial Real Estate (HQ relocation) 2101 Cedar Springs Rd. 100

Deloitte LLP 2010 Financial services (Regional office) 2200 Ross Ave. 161

MoneyGram International 2010 Money transfer services (HQ relocation) 2828 N. Harwood St. 150

*Year relocation/expansion made or announced.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 26 (214) 670-1685 City of Dallas Publication: 06/07-84

Small Business Statistics

Nearly 90% of businesses in Dallas are classified as small. Small City of Dallas 2015 Small Business Share businesses account for a significant number of jobs and play a key role by Industry Estimate in growing real and business personal property tax revenue. Small business is fundamental to workforce development, especially in minority, immigrant and under educated population communities.

Small businesses generally are defined as having fewer than 500 employees. The U.S. Small Business Administration (SBA) definition is industry dependent, based upon an annual average number of employees size standard or a three-year averaged sales volume. These industry specific definitions are applied to the City.

Small businesses tend to have a very high failure rate, especially in the first years after startup. In certain industries, the failure rate is as high as 90%. Small business success depends upon sound management and administration, access to capital, access to talent, access to markets, and procurement opportunities.

The City of Dallas provides assistance to small businesses in the form of the Business Assistance Center Program (BAC). The BAC Program provides benefits for people with low-to-moderate incomes by promoting entrepreneurship through technical assistance and capacity building capability.

Additionally, the City provides an online networking service called the Dallas Business Resource and Information Network (Dallas B.R.A.I.N.). It is a partnership between the City of Dallas’ Office of Economic Development and the Dallas Public Library that conducts entrepreneurship literacy and local business development. With a network of 80+ resource partners, as well as physical and digital spaces available for use by the small business community, the Source: U.S. Small Business Administration (SBA) 2015, InfoUSA 2015. B.R.A.I.N. acts as a hub to help entrepreneurs access a network of timely, in-depth resources and information. This information is accessible via any of Dallas’ 28 library branches.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 27 (214) 670-1685 City of Dallas Publication: 06/07-84

Minority- and Women-Owned Business Enterprises

Over 20% of businesses in the City of Dallas are owned by women. City of Dallas 2015 Minority-Owned Businesses by Industry In 2015, female firm ownership was most prominent in Education and Health Services, Professional and Financial Activities. Unclassified Construction, Natural Establishments Resources and Mining 1.2% 3.7% City of Dallas 2015 Women-Owned Businesses by Industry

Unclassified Construction, Natural Establishments Resources and Mining 1.4% 2.1%

Trade, Transportation, Education and Health and Utilities Services 21.7% 23.1% Trade, Transportation, and Utilities 14.0%

Professional and Business Services Education and Health 11.9% Financial Activities Professional and Services 10.9% Business Services 33.3% 15.7%

Other Services 11.6% Leisure and Other Services Hospitality Information 8.1% 12.0% 1.3% Manufacturing 2.7% Financial Activities Leisure and 15.7% Hospitality An estimated 16% of businesses in the City of Dallas are owned by Manufacturing 6.4% minorities. In 2015, minority firm ownership was most prominent in 2.0% Education and Health Services and Trade, Transportation, and Information Utilities, comprising nearly 45% of all minority owned business. 1.3% Source: InfoUSA 2015

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 28 (214) 670-1685 City of Dallas Publication: 06/07-84

Research and Development

A large concentration of high-tech companies and academic Dallas-Fort Worth Academic Institution R&D Expenditures (2014) institutions make Dallas-Fort Worth a center for research and National R&D development in science and technology. Dallas-Fort Worth leads all metropolitan areas in Texas in the total number of utility patents Ranking Expenditure ($000) granted since 2000. UT Southwestern Medical Center in Dallas is UT Southwestern Medical Center 47 434,627 recognized worldwide as a leader in medical research and receives The University of Texas at Dallas 146 99,727 more than $415 million annually to fund approximately 3,300 research projects per year. Corporations such as AT&T and Texas Instruments The University of Texas at Arlington 154 89,175 spend billions of dollars annually on research and development in The University of North Texas 198 47,002 The University of North Texas, technology fields. 203 44,180 Health Science Center Source: National Science Foundation, Academic Institution Profiles, 2014. Utility Patents Granted in Texas by Metropolitan Area (2000 to 2013)

28,696 28,257 26,039

Kilby Labs at Texas Instruments, Dallas Texas. Courtesy of Texas Instruments. Dallas-Fort Worth Corporate R&D Activity

R&D Spending Patents Granted 3,431 Texas Instruments $9.32 B 4,040 670 AT&T $8.73 B 7,265 Dallas-Fort Worth Austin Houston San Antonio College Station Exxon Mobil $6.12 B 1,742 Source: US Patent and Trademark Office, Patenting In Technology Classes, 2013. Source: Wharton Research Data Services, 2014; US Patent and Trademark Office, Patenting In Technology Classes, 2014. City of Dallas Economic Development Profile 2016 DallasEcoDev.org 29 (214) 670-1685 City of Dallas Publication: 06/07-84

International Trade

The Dallas-Fort Worth International Airport serves as a regional Port of Entry for customs clearance. With over 1,100 acres leased and 12.1 M square feet of cargo and warehouse space constructed, the Dallas-Fort Worth International Airport offers a full-range of on-site logistics support services including freight forwarders, customs brokers, and third party logistics companies. In 2015, over 737,000 tons of cargo enplaned and deplaned at DFW Airport alone, a 4.9% increase from 2014.

Dallas-Fort Worth District International Trade 2015 $25,000

Exports $20,000 Imports

Credit: DFW Airport

$15,000 Total DFW International Trade 2015*

Import Export Total $US Millions $US $10,000 Top 10 Trading Partners 84% 48% 81%

Total World Trade $51,953 $5,228 $57,182 $5,000 ($ Million)

*The Dallas-Fort Worth Trade District is defined by the US Census Bureau. Ports in the DFW District include: Dallas/Fort Worth, TX; Amarillo, TX; Lubbock, TX; Oklahoma City, OK; Tulsa, OK; Austin, TX; San Antonio, TX; Midland $0 International Airport; Fort Worth Alliance Airport, Addison Airport. China South Korea Japan Ireland France Mexico Taiwan United Canada Vietnam Thailand Malaysia Kingdom Germany Country (Ranked By Total Trade)

Source: Dallas-Fort Worth Trade District, USA Trade Online 2015.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 30 (214) 670-1685 City of Dallas Publication: 06/07-84

Logistics Infrastructure

Dallas is centrally located in North America and connected to the continent and the world by highway, rail and air. Within 48 hours from Dallas, over 98% of the US population can be reached by truck. By plane, all major U.S. business centers can be reached in 3.5 hours or less. DFW Airport provides non-stop access to 153 U.S. and 56 international cities and is a hub for American Airlines. In 2015 DFW Airport served over 64 million passengers and more than 737,000 tons of cargo. It’s the U.S.’s fourth busiest airport and 10th busiest in the world. Dallas Love Field flies more than 200 daily nonstop flights, on three runways, serving 14 million passengers annually. It is home to the corporate headquarters of Southwest Airlines. In October 2014, a new 20-gate terminal opened as flight restrictions were lifted to allow more nonstop destinations. Dallas is a major interstate hub, with five interstate highways (I-20, I-30, I-35, I-635, and I-45) within the city limits, two major loop roads and 19 federal and state highways. Three major rail lines pass through Dallas: Burlington Northern Santa Fe (BNSF), Kansas City Southern and Union Pacific. Four rail intermodal facilities operate in the region.

Distance Air Travel Road Travel Destination (miles) (hours) (hours) Atlanta 781 2 11.75 Chicago 986 2.25 15 Denver 882 2 13 Detroit 1,216 2.5 18 Kansas City 554 1.5 8 Los Angeles 1,435 3.5 21 Memphis 452 1.5 6.75 Mexico City, DF 940 2.5 18 Monterrey, MX 540 2 8.5 Montreal 1,785 3.5 27 New York 1,548 3.5 24 Seattle 2,200 4.5 32 Toronto 1,454 3 22 Vancouver 2,335 4.5 34 Washington, D.C. 1,329 2.75 20

Source: American Airlines (air), Google Maps (road), Times and distances approximate

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 31 (214) 670-1685 City of Dallas Publication: 06/07-84

Public Transportation

The Dallas Area Rapid Transit (DART) Transit-oriented development (TOD) meets several goals for the system includes 62 light rail City: stations over 85 miles of tracks. There are four light rail lines, the Trinity  It adds sustainable density that can accommodate expected Railway Express (TRE) commuter rail growth; to downtown Fort Worth, and buses  It provides new retail, employment and entertainment anchors for serving Dallas and 13 surrounding Dallas’ neighborhoods; cities across a 700-square-mile service  It improves mobility; area.  It improves energy efficiency. The DART rail system has grown The city’s TOD initiatives are being supported by: steadily over the years. An extension to DFW Airport opened in August  Tax increment financing (TIF) programs, including the TOD TIF 2014, and an extension to the District, for the specific purpose of boosting development near rail University of North Texas at Dallas stations; and campus will open in December 2016. A second downtown Dallas line is in  Infrastructure investment in multimodal connections around planning stages. A separate commuter rail line run by the Denton County stations. Transit Authority (DCTA) connects to downtown Denton from the Green Line. Dallas’ growing network of streetcars is adding transit corridors for local service. The McKinney Avenue Streetcar connects the The 44 light rail and commuter rail stations in the City of Dallas are Cityplace/Uptown Station to downtown via Klyde Warren Park. The first attracting dense, mixed-use developments, such as Mockingbird Station, phase of the modern Dallas Streetcar opened in April 2015, connecting Cityplace/West Village, Lake Highlands Town Center, and The Shops at downtown’s Union Station to Methodist Hospital and, opening in Park Lane. August 2016, the vibrant Bishop Arts District in North Oak Cliff.

Credit: DFW Airport Pearl/Arts District DART Station The Shops at Park Lane McKinney Ave Trolley DFW Airport City of Dallas Economic Development Profile 2016 DallasEcoDev.org 32 (214) 670-1685 City of Dallas Publication: 06/07-84

Water Supply

Dallas Water Utilities provided over 136 billion gallons of treated water in 2015 for Dallas and 27 surrounding cities. The system has the capacity to supply 900 million gallons of treated water daily and maintains a water supply plan to accommodate the next 50 years of growth for the city. Even as population grows, water use is declining more than projected. Daily water use has decreased by 26 percent since 2001 when stricter conservation measures were adopted, such as leak detection, maintenance and repair, and conservation and reuse.

Per Capita Water Use With and Without Conservation Programs Water Conservation Incentive

330 Commercial, Industrial, Business and

320 Institutional Customers – Free Assessment and Rebate for Upgrades 310

300 Businesses may apply for a free assessment of 290 water efficiency to review all end uses of water in Time-of-day watering 280 restrictions adopted business operations, identifying opportunities to 270 increase efficiency. The City of Dallas Water 260 Initial conservation goal: Conservation Program offers up to $100,000 in 1% per year 250 site-specific rebates for the cost of new equipment Conservation Goal 240 (FY10 -FY15): and processes that conserve water at existing 1.5% per year facilities. 230

Dallas Water Use (gpcd) Use Water Dallas 220 www.savedallaswater.com/water-efficiency-rebates 210

200

190

180

170 FY1996 FY1997 FY1998 FY1999 FY2000 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020

Actual Water Use Projected Water Use Without Conservation Conservation Goals

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 33 (214) 670-1685 City of Dallas Publication: 06/07-84

Development Policy

2012 Bond Package Dallas’ Commitment Comprehensive Plan to Invest in Itself The $600 million 2012 bond program (Recent Capital Bond Programs, Millions) City Council adopted Dallas’ approved by Dallas voters follows the first comprehensive plan, largest in Dallas history, approved in forwardDallas!, in 2006. It 2006. provides a vision of a former suburban Sunbelt boom town The overall mix of projects focuses on transformed into a thriving 21st core city assets with transportation century metropolis—a city that ($221M), flood control ($323M) and offers a balance of urban and economic development ($55M) suburban living and working receiving funding. opportunities. The vision calls for: Economic Development Plan The 2013 Strategic Engagement Economic Development Plan has three  Quality housing made more main objectives for preparing Dallas for the future: attainable;  Strong and healthy  Grow the economy neighborhoods;  Increase economic opportunities for residents  Enhanced transportation  Broaden and diversify the tax base systems;

Achieving these will contribute to the fourth objective:  Environmental sustainability;

 Assist in the development of sustainable communities  New development patterns; and For more information on Strategic Engagement, visit  An enhanced economy through balanced land use and strategic http://www.dallas-ecodev.org/resources/plans-and-reports/plans-status/ public investments.

NeighborhoodPlus The City of Dallas has adopted NeighborhoodPlus, a strategic neighborhood revitalization plan. It is a comprehensive strategy to revitalize neighborhoods throughout the City. At the center are six key strategies: collective impact, alleviating poverty, fighting blight, attracting and maintaining the middle class, increasing homeownership and enhancing rental options. NeighborhoodPlus recognizes Dallas as a city of neighborhoods and embraces the unique identity and strength of each. It lays a firm foundation for a holistic, targeted, neighborhood-by- neighborhood approach to improving the quality of life for all Dallas residents.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 34 (214) 670-1685 City of Dallas Publication: 06/07-84

Redevelopment Programs

Opportunities for growth in Dallas range from green-field development to infill redevelopment. As a relatively young city the infrastructure in Dallas is newer than in many large U.S. cities.

Tax Increment Financing (TIF) districts allow the city to reinvest added tax revenue from new development back into the area where it originated, which further stimulates new private development and increases real estate values. Dallas currently has 18 active TIF districts.

Public Improvement Districts (PIDs) allow for certain improvements above and beyond basic city services in neighborhoods that choose to impose a special assessment tax on themselves. PIDs may provide activities such as marketing, additional security, landscaping and lighting, street cleaning, cultural and recreational improvements, and event planning.

The Neighborhood Investment Program (NIP), administered by the city’s Housing Department, is a public investment program involving five targeted areas in Dallas that show signs of distress such as high numbers of vacant lots, aging housing and code compliance complaints. The Housing Department invests 60 to 80 percent of its resources within these areas to encourage investment in single family homes.

Municipal Management Districts (MMDs) are designated by the Texas Commission of Environmental Quality. Approved by the City, but run by a board, each is distinct. Funding through tax exempt bonds, special assessments, property taxes and impact fees can be used to provide additional public safety, traffic control, landscaping, lighting, streets, drainage, sanitation, or parking facilities.

The New Market Tax Credit (NMTC) program provides investors a federal tax credit for investment in traditionally underserved neighborhoods that meet specific criteria.

The federal EB-5 immigration process through the City of Dallas Regional Center (CDRC) assists individual investors and their families via investment into Disclaimer: This product is for informational purposes and may not have businesses and development projects located within the Dallas city limits. been prepared for or be suitable for legal, engineering, or surveying purposes. It does not represent an on-the-ground survey and represents only the approximate relative location of property boundaries. City of Dallas Economic Development Profile 2016 DallasEcoDev.org 35 (214) 670-1685 City of Dallas Publication: 06/07-84

Business Development Programs

City of Dallas Regional Center (CDRC) (EB-5) The CDRC is dedicated to assisting individuals and their families through the EB-5 immigration process via investment into businesses and development projects located within the Dallas city limits. The CDRC offers a variety of qualified investments to foreign investors that meet or exceed Program requirements and offers investors features unique to the EB-5 community.

Economic Development Grants Companies considering a relocation/expansion or new commercial development may be eligible for a grant in lieu of tax abatement or to offset project costs such as: land purchase, building costs, public infrastructure costs, development fees, right of way abandonment fees, loan guarantees, training costs, relocation costs, etc.

Foreign Trade Zone Where designated, allows duty-free importing of foreign-made components that are assembled, manufactured, processed, or packaged. Products for export are not taxed. DFW Airport’s “Alternative Site Framework” expedites approval of FTZ projects in the City of Dallas.

Freeport Tax Exemptions Ad valorem tax exemptions for goods that are detained in Texas for 175 days or less. Incentive depends on location.

Historic Tax Credits Abatement of city real property taxes for up to 10 years for designated Dallas landmarks and if a restoration is planned.

Job Training Workforce development in Dallas is coordinated and implemented by the Dallas County Community College District (DCCCD) and Workforce Solutions Greater Dallas. DCCCD opportunities include: basic skills, GED preparation, and skills enhancement. Workforce facilitates employer access to qualified employees, as well as provides job training, workplace education, child care and educational initiatives.

New Markets Tax Credits (NMTC) The U.S. Department of the Treasury operates the NMTC program , which provides opportunities for new development in traditionally underserved areas. Corporate or individual investors can receive tax credits for qualified investments.

Property Assessed Clean Energy (PACE) PACE is an innovative financing program that allows owners of commercial, industrial, and multi-family residential properties (with five or more dwelling units) to obtain low-cost, long-term loans for water conservation, energy-efficiency improvements, and renewable retrofits.

Tax Abatements The city may provide tax abatements for eligible projects on the value added to real property or new business personal property. NOTE: Incentives negotiated or proposed by city staff are subject to specific federal, state and local guidelines, funding availability and city council approval. Depending on the incentive, there may be additional restrictions based on geography, project size and other factors.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 36 (214) 670-1685 City of Dallas Publication: 06/07-84

Taxes

Local Property Tax Per $100 of Appraised Value for Real & Business Personal Property*, Texas does not have Dallas Sales Tax* 2016-2017  State Personal Income Tax State 6.25%  Local Personal Income Tax Dallas City Rate $0.782500 Local 2.0%  State Property Tax County Rates:  Local Occupation Tax Total 8.25%  Local Wage Tax Dallas County Combined $0.654704 *Exemptions, such as manufacturing, may apply.

Collin County Combined $0.289617 Franchise/Margin Tax Denton County Combined $0.248409  Applicable to any legal entity doing business in Texas and that is organized School District Rates: to have some form of limited liability protection (i.e. corporations, partnerships and business associations). Carrollton-Farmers Branch ISD $1.391700  Does not apply to most sole or general proprietorships; partnerships that Coppell ISD $1.492700 have only individuals as partners; certain passive entities; certain grantor trusts, estates of natural persons and escrows; real estate mortgage Dallas ISD $1.282085 investment conduits and certain real estate investment trusts; and Duncanville ISD $1.521480 unincorporated political committees.  The tax is based on an entity’s margin, which is the lower of either: total Garland ISD $1.460000 revenue minus the cost of good sold; total revenue minus compensation; Highland Park ISD $1.152700 total revenue times 70 percent; or total revenue minus $1 million.

Mesquite ISD $1.460000  Qualified wholesalers and retailers pay 0.5%; most entities pay 1.0%. Entities with $20 million or less in total revenue pay 0.331%. Plano ISD $1.439000  Contact the Texas Comptroller’s Office for complete rules and regulations. Richardson ISD $1.390050 http://comptroller.texas.gov/taxinfo/franchise/

*Homeowner and other exemptions may apply.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 37 (214) 670-1685 City of Dallas Publication: 06/07-84

Utility Pricing

Electricity Dallas Water Utilities - Water Cost Sewer Cost Residential1 Per 1,000 Gallons Per 1,000 Gallons Most of Texas, including Dallas, is in a deregulated area for electricity choice. Business customers may choose from multiple electricity Up to 4,000 Gallons $1.90 $5.31 providers and negotiate best rates based on their individual needs. For more information about Texas electricity providers, visit 4,001 to 10,000 Gallons $4.25 $5.31 www.powertochoose.com. 10,000 to 15,000 Gallons $6.03 $5.31 The residential average per kwh in Texas is 10.86 cents, the commercial average is 7.65 cents and the industrial average is 5.41 Above 15,000 Gallons $8.55 $5.31 cents as of July 2016, according to the United States Energy Information Administration.

Dallas Water Utilities - Water Cost Sewer Cost Customer Commodity Charge/CcF Natural Gas2 General Services1 Per 1,000 Gallons Per 1,000 Gallons Charge/Mo. or MMBtu Up to 10,000 Gallons $3.65 $4.08 Residential $20.00 $0.09774

Above 10,000 Gallons $3.91 $4.08 Commercial $40.25 $0.07143 (<3,000 avg. McF/Yr) Above 10,000 Gallons and $5.94 $4.08 1.4 Times Annual Average Industrial $690.50 $0.0218 to $0.1891 2 Excludes additional charges such as gas cost recovery, weather normalization, taxes and fees. Rate is current as of June 1, 2015 and is subject to change. Source: http://www.atmosenergy.com/about/tariffs.html?st=mtx#tariffs Dallas Water Utilities - Water Cost Sewer Cost 3 Optional General Services1 Telephone Price/Mo

1st Million Gallons or Less Unlimited local & long distance (Includes caller ID & 1 line $2,192.92 $3.65 Starts at $65 (Minimum) with 5 more optional) —12-month term

Above 1 Million Gallons Small office with T-1-type facility (about 92 voice lines with $3.03 $3.65 $1,000 to $1,800 (Per 1,000 Gallons) limited data) — 36-month term

Sewer Metered Separately $3.73 Higher bandwidth with 100 voice lines and more data $1,600 to $3,000

1 Prices reflect prompt-pay discount and are effective October 1, 2016. 3 Estimates Source: AT&T. Please go to ATT.com for further assistance. Other providers’ prices may vary.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 38 (214) 670-1685 City of Dallas Publication: 06/07-84

Industrial Rents

Industrial / Flex Asking Rent Per SF for Dallas Submarkets

Central East Dallas $5.22

East Brookhollow $6.60

East Dallas / Mesquite $3.69

East Hines North $5.33

Eastern Lonestar / Turnpike $4.29

Northeast Dallas / Garland $4.31

North Trinity $9.83

Redbird Airport $3.75

Richardson $9.38

Southeast Dallas / I-45 $3.62

Southwest Dallas / US-67 $3.96

West Brookhollow $4.33

West Hines North $5.92

Western Lonestar / Turnpike $6.19

Source: CoStar Property Analytics, Q4 2015

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 39 (214) 670-1685 City of Dallas Publication: 06/07-84

Office Rents

Office Gross Asking Rent Class A Class B Class C Per SF for Dallas Submarkets

Central Expressway $27.54 $21.57 $21.58

Dallas CBD $23.96 $20.20 $18.82

East LBJ Freeway $25.21 $17.40 $19.53

Preston Center $36.56 $28.66 $31.34

Quorum / Bent Tree $28.40 $19.21 $13.63

Richardson $24.09 $19.43 $14.63

Southeast Dallas N/A $15.40 $14.71

Southwest Dallas $21.84 $16.45 $16.13

Stemmons Freeway $18.81 $14.98 $13.21

Uptown / Turtle Creek $38.16 $32.40 $28.77

West LBJ Freeway $18.61 $17.43 $17.61

White Rock $33.36 $18.63 $17.32

Source: CoStar Property Analytics, Q4 2015

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 40 (214) 670-1685 City of Dallas Publication: 06/07-84

Career Opportunities

Dallas’ diverse business environment offers almost any career the Dallas City Payroll Employment By Sector (2015) opportunity to grow. Over 65,000 businesses call the City of Dallas home, including global leaders such as Texas Instruments, AT&T, Comerica and Trade, Transportation, and Utilities 20.0% Southwest Airlines. Dallas’ 59,000 small businesses offer numerous Professional and Business Services 18.9% employment opportunities. Education and Health Services 14.4%  21 Fortune 500 companies are based in the Dallas area. Leisure and Hospitality 10.0%  Dallas’ job growth rate has exceeded the nation since 2003 and is Financial Activities 9.8% forecasted to grow faster than the nation through 2022. Manufacturing 7.4%  Dallas’ unemployment rate has been below the nation’s for over eight Government 6.7% years. Mining, Logging and Construction 5.2%  DFW has 229,086 technology jobs, or one third of all technology jobs Other Services 4.5% in Texas. With the seventh largest concentration of jobs in the U.S., it Information 3.2% is the state’s deepest technology labor pool (Dallas Regional Source: City of Dallas analysis based on Texas LMI, Bureau of Labor Statistics and Info USA. Chamber). Percentage Change in Employment for Projected Percentage Job Growth and Job Levels 11 Largest Metro Areas 2014 to 2015 Selected High Tech Occupations 2012-2022 Dallas Workforce Development Area San Francisco Dallas Atlanta Los Angeles U.S. Miami Washington D.C. New York Philadelphia Chicago Boston Houston Source: U.S. Bureau of Labor Statistics, Payroll Employment City of Dallas Economic Development Profile 2016 DallasEcoDev.org 41 (214) 670-1685 City of Dallas Publication: 06/07-84

Workforce Dallas-Fort Worth Labor Market Workforce Employment by Occupation (Annual 2014) (Annual 2015) Occupation Workers Annual Wages City of Dallas DFW All 3,168,590 47,670

Total Labor Force 643,689 3,583,925 Architecture & Engineering 64,650 83,810 Art, Design, Entertainment & Media 34,860 53,550 Total Employed 617,017 3,438,252 Building/Grounds Maintenance 88,710 23,050 Unemployment Rate 4.1% 4.1% Business & Financial 182,760 75,400 Source: Texas Workforce Commission, Labor Market & Career Information Department. Community & Social Services 25,180 47,650 Computer & Math. Science 133,660 83,310 Dallas-Fort Worth Educational Attainment Construction & Extraction 125,630 37,850 (Highest Level Achieved, Population 25 years and older, 2014) Education, Training & Library 169,200 49,660 Level Number Percent Farming, Fishing & Forestry 1,640 23,310 With Graduate or Professional Degree 497,993 11.2% Food Prep. & Serving Related 281,400 21,350 With Bachelor's Degree 942,629 21.2% Healthcare Practitioner & Technical 160,390 77,640 With Some College or an Associates Degree 1,284,999 28.9% Healthcare Support 71,720 30,890 With High School Diploma 1,018,217 22.9% Installation, Maintenance & Repair 127,330 43,680 Source: U.S. Census Bureau - 2014 American Community Survey 1-Year Estimates. Legal 24,230 100,740 Life, Physical & Social Science 17,230 64,260 Training and Hiring Assistance 19.8% Management 143,550 120,510 Office & Administrative Support 586,370 36,110  The Texas Workforce Commission can increase facilitate customized training through state- in jobs Personal Care & Service 87,260 23,240 funded skills grants. forecast Production 186,770 33,590  Texas workforce development boards offer for 2022 Protective Service 73,290 41,230 monetary assistance to businesses that hire Source: Texas Labor Market Sales & Related 354,740 43,320 unemployed Texans. Information for Dallas WDA. Transportation & Material Moving 228,010 32,710 Source: U.S. Bureau of Labor Statistics, May 2014. City of Dallas Economic Development Profile 2016 DallasEcoDev.org 42 (214) 670-1685 City of Dallas Publication: 06/07-84

For Employers

Unions Texas is a right to work state:  Mandatory union membership is prohibited.  No person can be denied employment or otherwise discriminated against in employment decisions based on the status of his or her membership in a union.

2014 Union Members % of Workforce Covered Workers % of Workforce

DFW Total Workforce Organized 166,135 5.3 205,092 6.6

DFW Private Workforce Organized 88,540 3.2 118,288 4.3

DFW Public Workforce Organized 77,595 21.9 86,804 24.5

State of Texas Total Workforce Organized 502,767 4.5 626,645 5.6

Source: http://www.unionstats.com.

Workers’ Compensation Unemployment Insurance  In most cases, workers’ compensation coverage is voluntary. 2016 taxable base is up to $9,000 per employee per year.

 Rates that companies pay for coverage vary based on the 2016 Rate company and that company’s past history. Source: Texas Department of Insurance, Workers’ Compensation Division. Existing Employers (after 6 quarters of existence) 0.45% to 7.47% http://www.tdi.texas.gov/wc/employee/maxminbens.html New Employers (for first 6 quarters) 2.7% Maximum Weekly Benefit $479 Source: Texas Workforce Commission.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 43 (214) 670-1685 City of Dallas Publication: 06/07-84

Workforce Training

A skilled and talented workforce is critical for the development and sustainability of growing industries and a vibrant and diversified Dallas economy. Various resources are available, at no cost, to address your business’ workforce development needs.

The Texas Workforce Commission Workforce Solutions Greater Dallas The Texas Workforce Commission (TWC) is a state agency that Workforce Solutions Greater Dallas (WFS Dallas) provides human provides workforce development services to employers and job resource solutions for employers seeking a talented workforce and seekers. TWC provides grants for customized training: jobseekers seeking competitive employment opportunities in Dallas County. WFS Dallas services include: The Skills Development Fund provides grants up to $500,000 for local customized training opportunities in partnership with employers  Applicant screening and recruiting, including specialized recruiting and training providers, typically local colleges. Training can be used services; for new job opportunities or to upgrade skills of existing workers.  Hiring events for individual employers and groups of employers; The Self-Sufficiency Fund provides grants up to $500,000 for  Assessment services; employers and and provides local customized training opportunities for eligible residents enrolled or at risk of enrolling in Temporary  Customized training for new and current employees; Assistance for Needy Families (TANF) and other programs. Grants  Outplacement services during downsizing; include assistance from TWC staff to aid in the transition into employment.  Information regarding labor market, applicant pool, and hiring climate. For more information visit: http://employer.wfsdallas.com/employers or The Skills for Small Businesses program offers support for call (214) 302-5555. companies with fewer than 100 employees. In partnership with a public training provider, the program pays up to $1,450 for each new Dallas County Community College District employee or $725 for existing employees using existing curriculum. Dallas County Community College District (DCCCD) is one of the largest All TWC programs require employers to pay prevailing wages in their undergraduate institutions in the state of Texas with seven colleges local market for the trained occupation. Program parameters are offering customized training to meet employers’ needs for training, re- subject to change at any time. For more information on training training, industry-specific certifications. Needs assessment / skills programs and services visit http://www.twc.state.tx.us/businesses/ training / professional development can be offered at the job site with train-your-workforce or call (877) 463-1777. flexible scheduling for employees and assistance in client-targeted job placement. Federal support is also available through the Work Opportunity Tax Credit. Visit http://www.doleta.gov/wotc for more information. Visit http://www.dcccd.edu/workforcepartners for more program information.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 44 (214) 670-1685 City of Dallas Publication: 06/07-84

Catalyst: Downtown Dallas

Downtown redevelopment is creating vibrant neighborhoods throughout the central Major retailers include: business district (CBD). The West End, Main Street Core, the Arts District and Farmers Market each has a distinct character.  Neiman Marcus  Jos. A. Bank  The Dallas Arts District includes four major museums, four world-class performance Clothiers venues, a 10-acre park, and mixed-use development for a live-play-work lifestyle.  Traffic LA  Main Street Gardens, a 1.75-acre park, opened in 2009.  TenOverSix  The 1,001-room Omni Dallas Convention Center Hotel opened in 2011. A new phase  Taschen Library of four additional restaurants opened in summer 2015.  CVS Pharmacy  Belo Gardens, a 1.5-acre park, opened in April 2012.  AT&T  Klyde Warren Park, a 5.2-acre park covering a major highway to connect Downtown  7-Eleven to Uptown, opened in October 2012.  The free DART D-Link buses serve popular destinations around downtown and in surrounding neighborhoods.  The first segment of the city’s modern streetcar system opened in April 2015 between Downtown Dallas and North Oak Cliff, with extensions opening in 2016 and 2017.  The Dallas Farmers Market, privatized in 2014, is completely renovated including new vendors, restaurants, and residences.  The DART Orange Line to Dallas-Fort Worth International Airport opened in August 2014 and a second downtown light rail alignment is in the planning stages.

Since 1996, with the creation of three Downtown Dallas TIFs, the CBD has gained:  8,047 new/renovated housing units (existing or under construction)  2,105 hotel rooms (completed or under construction)  $2.42 billion total investment (existing or planned) in three downtown TIF districts Credit: DCVB  A rejuvenated 24/7 live-work-play-learn lifestyle in a dynamic urban environment Klyde Warren Park

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 45 (214) 670-1685 City of Dallas Publication: 06/07-84

Downtown Statistics

Major headquarters operations include: Downtown City of Dallas AT&T, Comerica Bank, Oncor, Hunt Population 10,753 1,281,031 Consolidated, Neiman Marcus, A. H. Belo, Tenet Healthcare, and EnLink Midstream Households 6,032 484,335 Partners.

Family Households 1,112 280,970 Recent relocations to downtown Families With Related Children 229 142,240 include: Under Age 18 Omnitracs, Active Networks, Grant Per Capita Income $50,160 $27,917 Thornton, Invesco, Santander Consumer, HKS, Tech Wildcatters and Health Average Household Size 1.52 2.61 Wildcatters, and Jacobs Engineering.

Average Family Size 2.28 3.47

Adults with Bachelor’s Degree or 52.9% 29.9% Higher

Foreign Born 12.8% 24.3%

Source: US Census, 2010-14 American Community Survey 5-Year Estimates.

Downtown Dallas is the ideal location for:  Executive offices: Downtown Dallas is home to more corporate and regional headquarters than any other North Texas location and stands alone with its high profile location  Young professionals: dynamic downtown environment provides a recruiting lure for younger talent attracted to the proximity of entertainment, recreation and transportation options  Back-office operations: large B & C class office space and Credit: Spectrum Properties quality mass transit access Dallas Farmers Market

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 46 (214) 670-1685 City of Dallas Publication: 06/07-84

Catalyst: Expanded Downtown - Uptown Uptown, the neighborhoods north of downtown, has boomed over the past 30 years. It is The City’s primary the mixed-use lifestyle center of DFW with neighborhoods such as State-Thomas, Victory initiatives in Uptown Park, Turtle Creek and the West Village. include:  Four Uptown Tax Increment Finance (TIF) Districts have cultivated (existing, under  Infill development of construction or planned): medium-density mixed-  13,245 housing units; use residential and office  486 hotel rooms; buildings  $3.96 billion total investment;  Retail incentives and  3.28 million sq. ft. of new office space; and development  1.05 million sq. ft. of new retail space. complementary to existing anchors  The American Airlines Center is in Victory Park, home of the 2000 NHL Stanley Cup champion Dallas Stars and 2011 NBA champion Dallas Mavericks.  Office relocation incentives aimed at a wide range of functions  The McKinney Avenue Streetcar in Uptown now extends into the heart of downtown to the DART Pearl / Arts District Station.  Strengthening connections between downtown and Uptown  Klyde Warren Park opened in October 2012, capping Woodall Rodgers Freeway to connect downtown and Uptown.  The West Village, a residential, retail, and entertainment destination, was part of the Cityplace Area TIF District which was successfully retired in 2012. Created in 1992, the district added nearly 2,100 residential units and 250,000 SF of commercial space.  The State-Thomas TIF District was successfully retired in 2008, two years ahead of schedule, following two decades of support of the development of a mixed-use neighborhood characterized by elegant apartments and townhomes. Major headquarters operations include: Dean Foods, Holly Frontier Corp., MoneyGram International, Balfour Beatty North America, Crosstex Energy, and Texas Capital Bank. Major retailers include: Whole Foods Market, Stanley Korshak, Brooks Brothers, V.O.D., Q Custom Clothier, Demerara, L. Bartlett, Warehaus, Club Monaco, Tommy Bahama, Albertsons, Lucky Brand Jeans, Stanley Korshack, Ideal Image, Gap, and McKinney Ave Trolley Banana Republic. City of Dallas Economic Development Profile 2016 DallasEcoDev.org 47 (214) 670-1685 City of Dallas Publication: 06/07-84

Catalyst: Trinity River

The Trinity River Corridor Project is changing Dallas’ image The Trinity River Corridor The Trinity River and redirecting development patterns in North Texas. It is Project: Corridor Project quickly transforming into Dallas’ greatest park. received the 2007  Provides flood protection; American Institute The entire corridor, including commercial and residential  Manages the corridor in an of Architects’ highest opportunity areas outside the park greenbelt, includes over urban setting, supporting award for regional and urban planning. 40,000 acres with recreation activities within the river’s levees mobility goals while enhancing and redevelopment areas outside the levees. environmental and recreational benefits; and Features now open include:  Creates important community  Trinity River Audubon Center and economic opportunities for  Texas Buckeye Trail paved hike and bike path the neighborhoods bordering the Trinity River, including  Santa Fe Trestle Trail paved hike and bike path Downtown.  Margaret Hunt Hill Bridge, designed by architect Santiago Calatrava  Trinity Overlook Park  Flood control repairs and enhancements at the 100- year protection level  MoneyGram Soccer Park  Trinity Forest Aerial Adventure Park  Trinity Skyline Trail paved hike and bike path  Continental Ave. Bridge & West Dallas Gateway Plaza  Texas Horse Park  AT&T Trail paved hike and bike path

Features opening soon or under construction:

 Trinity Forest Golf Course Credit: Bobby Lajoie

 Margaret McDermott Bridge Margaret Hunt Hill Bridge

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 48 (214) 670-1685 City of Dallas Publication: 06/07-84

Major Infrastructure Projects

LBJ Express TxDOT and Cintra US completed the LBJ Express public-private partnership project, a reconstruction of I-635 and I-35E in Dallas and Farmers Branch spanning from I-635 / Greenville Ave. on the east to I-35E / Loop 12 on the west. In addition to reconstruction of the existing freeway, up to six dynamically-priced managed toll lanes were added, along with new frontage roads and ramps. Construction began on the $2.7 billion design-build project in 2011 and was completed in late 2015. Project Horseshoe Construction began in April 2013 on the reconfiguration of two downtown area freeways: I-35E and I-30. The TxDOT design-build project includes several new bridges over the Trinity River, including the Santiago Calatrava-designed Margaret McDermott Bridge for I-30, adding separate bicycle lanes and pedestrian paths at one of the most heavily trafficked interchanges in Texas. The $798 million project is expected to be complete in late 2017, improving connections between downtown, West Dallas and Oak Cliff.

SM Wright Project A two-phase plan to remove a freeway from South Dallas / Fair Park will begin construction in May 2016. The first phase of the $151 million TxDOT project will extend US-175 CF Hawn Freeway to connect to I-45 near the Trinity River. The second phase will downgrade the existing US-175 SM Wright Freeway to a boulevard, eliminating a dangerous curve in the roadway, calming traffic and removing a visual barrier through several single-family neighborhoods.

Mill Creek / Peaks Branch / State-Thomas Storm Drainage Tunnel To provide flooding relief and improved drainage in a large portion of East Dallas, including the State-Thomas, Baylor Dallas Medical Center, Deep Ellum, Exposition Park, Fair Park, and Frazier areas, a new five- mile, 30-foot diameter tunnel will be constructed roughly 100 feet underground along with ancillary intake and outfall points. These include storm drainage and street improvements to tie into existing drainage systems and to collect overland water flows during major rain events.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 49 (214) 670-1685 City of Dallas Publication: 06/07-84

Dallas Film Commission

DallasFilmCommission.com

The Dallas Film Commission is responsible for developing strategies to attract business and to foster the growth of creative media industries. The commission acts as a liaison between the city, community and industry segments that produce creative content such as motion pictures, television programs and commercials, corporate videos, documentaries, music videos and still photography as well as other new and emerging forms of media. Dallas’ appearance in the media is additionally a powerful promotional tool that creates public awareness of the city’s attributes and diversity. The Film Commission’s mission includes marketing, informing and promoting and advocating for local creative media businesses and freelance professionals. The Dallas Film Commission website is an extensive resource for the latest news on local creative media events and current job opportunities, including both crew and casting calls, and it provides advertising for local crew, service providers and equipment vendors through the online Production Directory. The commission also maintains an online photo library to assist productions in finding and identifying suitable filming locations. In FY 2015, direct spending for creative media projects facilitated by the Dallas Film Commission totaled an estimated $110 million, and included 589 projects and 3,748 shoot days.

Project Highlights: Films: The Book of Life (animated), Carter High, Occupy Texas, LBJ (partial), My All American (partial), Rock Dog (animated). Television: Queen of the South (USA series), 11.22.63 (HULU mini-series, partial), Broken (ABC pilot), The Frankenstein Code (FOX pilot), Mamma Dallas (HBO pilot), Academy of Country Music Awards, 50th (CBS), Amazing Race (CBS), Fast N Loud (DISCOVERY), Misfit Garage (DISCOVERY), Hello Goodbye (TRAVEL), American Idol (FOX), Bachelorette (ABC), American Ninja Warrior (NBC), Dallas Cowboy Cheerleaders: Making the Team (CMT), The First Kill (ID), My Ride Rules (SPEED), Murder Made Me Famous (REELZ), RHOD (BRAVO), Shark Tank (ABC), Who Do You Think You Are (NBC & TLC), WrestleMania (WWE).

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 50 (214) 670-1685 City of Dallas Publication: 06/07-84

Quality of Life Overview

Cultural The Dallas Arts District, the largest in the country, is home to museums, performance halls, restaurants, and residences. A recent $338 million expansion greatly enhanced the District with new performing arts venues.

Fair Park is a cultural and entertainment center on 277 acres of landscaped grounds two miles from downtown. This National Historic Landmark has the largest collection of Art Deco architecture in the world and hosts the largest state fair in the country, the State Fair of Texas.

American Airlines Center Dallas Festival of Ideas Dallas also has numerous cultural centers, independent museums, galleries, and arts groups.

Entertaining Hometown to Neiman Marcus, Dallas is well-known for its abundant shopping opportunities, with 81 million square feet of retail space.

The Dallas area has more restaurants per capita than any other U.S. city.

The Dallas park system includes 43 community and neighborhood

Credit: DCVB-Clay Coleman Credit: DCVB recreation centers, 4 dog parks, 217 playgrounds, 143 miles of hiking and biking trails and six 18-hole golf courses. The Great Trinity Forest, with Main Street Garden Nasher Sculpture Center 6,000 acres, offers additional natural trail experiences. The Dallas Zoo and the Dallas Arboretum and Botanical Gardens provide additional recreational opportunities.

Professional sports teams include the Dallas Cowboys (NFL), Dallas Stars (NHL), Dallas Mavericks (NBA), Texas Rangers (MLB) and FC Dallas (MLS).

Comfortable Average annual temperature: 67° Credit: DCVB Credit: DCVB Average precipitation: rainfall (37.4 in), snowfall (2 in.) NorthPark Center House of Blues Annual number of sunny/partly sunny days is 232.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 51 (214) 670-1685 City of Dallas Publication: 06/07-84

Cost of Living

The C2ER Cost of Living Index consistently reports that it is comparatively less expensive to live in Dallas Cost of Living Dallas than in many other cities in the U.S. The total cost of living in Dallas is 3.9% lower than the U.S. average. Item U.S Average=100 Dallas’ Comparative Advantage: Total 96.1  No personal or corporate income tax Grocery 100.9 Texas is 10th lowest among states in total state tax burden (Source: Tax Foundation, 2015) Housing 76.1  Median home sales price — Utilities 99.4 DFW $207,300 — 4th lowest price of top 20 largest U.S. metro areas (2015p) Transportation 99.2 U.S. average $223,900 (National Association of Realtors, 2015p) Health 101.9

Cost of Living Index: Top Ten MSA Core Cities 2015 Miscellaneous 108.4 Source: C2ER 2015 Annual.

State Tax Collection Per Capita U.S. (average all states) $2,689 Texas $1,970 Source: Tax Foundation. “Facts & Figures 2015.”

Location Affordability Index (LAI)

City of Dallas 45% The LAI estimates the percentage of a family's income dedicated to the combined cost of housing and transportation, based upon a typical annual income of $58,190, household size of 4 and 2 commuters per home (both rent and own). The U.S. metro average is 57%

Source: U.S. Department of Housing and Urban INDEX VALUE Source: C2ER 2015 Annual. Development City of Dallas Economic Development Profile 2016 DallasEcoDev.org 52 (214) 670-1685 City of Dallas Publication: 06/07-84

Cultural Arts

Cultural The Dallas Arts District is a collection of renowned performance halls and museums, restaurants and residences. A $338 M expansion culminated in the 2009 Grand Opening of the Winspear Opera House, the Wyly Theater, Performance Park, and the Annette Strauss Artist Square. City Performance Hall opened in 2012. These new additions joined the Dallas Museum of Art, the Nasher Sculpture Center, the Meyerson Symphony Center and the Crow Collection of Asian Art. Credit: Dallas Symphony Orchestra Dallas Symphony Orchestra The Bowler Hat by Keith Turman The largest arts district in the country is just the beginning of the arts offerings Dallas has in abundance. Additionally:

 260 works of public art are showcased in the city. The award-winning pavilion program installed 32 architecturally distinct picnic pavilions in neighborhood city parks.  Cultural centers—such as the Bath House Cultural Center, the Latino Cultural Center and the South Dallas Cultural Center—provide intimate venues for performing and visual arts.

Credit: Urban Fabric Photography  The $185 M Perot Museum of Nature and Science opened in 2012. Credit: Brian Birzer Photography Perot Museum of Nature & Science Dallas Museum of Art  Modern art lovers appreciate the Dallas Center for Contemporary Art, the McKinney Avenue Contemporary and the Museum of Geometric and MADI Art.  The Meadows Museum at Southern Methodist University holds one of the largest collections of Spanish art outside of Spain.  Fair Park is home to several museums and gardens, including the African American Museum and the Texas Discovery Gardens.  The Museum of Biblical Arts focuses on biblical art themes.

Credit: DCVB Credit: DCVB  Dallas has dozens of private art galleries, ranging from 19th century Latino Cultural Center Winspear Opera House European paintings to 21st century street art.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 53 (214) 670-1685 City of Dallas Publication: 06/07-84

Sports and Recreation

The City of Dallas Park and Recreation System includes 13 lakes, 143 miles of hiking and biking trails, 43 recreation centers, 875 sports venues, 217 playgrounds, 17 pools, 11 spraygrounds, 1 family aquatic center, six 18-hole golf courses, and four driving ranges. In total, Dallas parks cover over 23,000 acres.

One of the most popular places for jogging, bike riding and sailing is White Rock Lake. The Dallas Arboretum is on the shores of the lake and hosts numerous annual events.

The Santa Fe and Katy Trails connect walkers, runners and cyclists north and east of downtown through in-town neighborhoods, connecting White Rock Lake to downtown. Credit: Glenn James/ Off-road biking trails wind through creeks and woods minutes from downtown at the NBAE/.Getty Images Credit: DCVB Oak Cliff Nature Preserve and others. Dallas Mavericks White Rock Lake

The Trinity River Corridor Project includes the development of numerous trails, athletic fields, lakes, the Trinity River Audubon Center, and an equestrian center along the Trinity River through the heart of the city. In total, the Trinity will create a 10,000-acre park including almost 6,000 acres of forest.

Dallas Fair Park is a cultural and entertainment center on 277 acres of landscaped grounds just two miles from downtown. This National Historic Landmark has the largest collection of Art Deco architecture in the world and hosts the largest state fair in the country, the State Fair of Texas. Several museums and performance venues call Fair State Fair of Texas Trinity River Audubon Center Park home.

The Dallas area is home to teams in all five major professional sports:  Dallas Cowboys (football)  Dallas Mavericks (basketball)  Dallas Stars (hockey)  FC Dallas (soccer)

 Texas Rangers (baseball) Credit: DCVB Credit: Trey Hill Dallas Zoo Dallas Stars

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 54 (214) 670-1685 City of Dallas Publication: 06/07-84

Shopping and Dining

Major Shopping and Entertainment Districts Galleria Dallas, a unique urban shopping destination with attached hotel and office buildings, has nearly 200 nationally and internationally recognized shops and restaurants surrounding an impressive ice rink. It hosts over 19 million visitors annually.

NorthPark Center is 2.3 million square feet with 235 distinctive stores and restaurants. It is decorated with modern art pieces.

Downtown Dallas is home to Neiman Marcus’ flagship store as well as boutiques, restaurants, clubs and a growing farmers market scene. Nearby West Village, Deep Ellum, the Cedars and Uptown are popular mixed-use destinations for shops and restaurants.

The Asian Trade District along Harry Hines Boulevard and Royal Lane is known for its Asian flavor and affordable retail and wholesale goods.

The Dallas area has more restaurants per capita than any other U.S. city. Clusters of unique restaurants and shops are scattered throughout the city, notably in destinations in Downtown, Uptown, Bishop Arts District, Deep Ellum, Greenville Avenue, Knox-Henderson and Lakewood. The newest center of dining is Trinity Groves, an evolving 15-acre restaurant, artist and entertainment destination in West Dallas.

Credit: DCVB Downtown Dallas Trinity Groves Galleria Dallas West Village

Credit: DCVB Credit: DCVB Fearing’s Restaurant Dallas Farmers Market Alamo Drafthouse Cinema The Shops at Park Lane

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 55 (214) 670-1685 City of Dallas Publication: 06/07-84

Colleges and Universities

Higher Education in Dallas There are 25 colleges and universities in Dallas-Fort Worth, including three universities that have received “Tier 1” Carnegie Classification status, a designation reserved for universities with the highest levels of research activity in the country.

Ten universities or colleges are either in or directly border the City of Dallas. Southern Methodist University, the University of Texas at Dallas, the University of North Texas at Dallas, Dallas Baptist University, Paul Quinn College, Criswell College, Dallas Theological Seminary, Parker University and the University of Dallas provide a diverse set of opportunities for four-year and advanced degrees.

The University of Texas Southwestern Medical Center at Dallas boasts five Nobel laureates on its faculty, more than any other university in Texas.

Dallas County Community College District has nine campuses, five of which are in Dallas.

Colleges and Universities Enrollment 2014 DFW Highest Educational Attainment Public Universities 133,817  32.4% have earned at least a bachelor’s degree Private Universities 44,669  11.2% earned a graduate or professional degree Community Colleges 163,938 Source: US Census Bureau American Community Survey 1-Year Estimates, 2014, Population 25 years and older. Total 342,424

Source: Texas Higher Education Coordinating Board, 2016.

Southern Methodist University The University of Texas Arlington University of North Texas City of Dallas Economic Development Profile 2016 DallasEcoDev.org 56 (214) 670-1685 City of Dallas Publication: 06/07-84

Primary and Secondary Education

Primary and Secondary Education in Dallas School District Enrollment The City of Dallas is served by almost a dozen independent school districts (ISDs). In Texas, school district boundaries do not follow city boundaries. In 2015, there were 265 public and Dallas ISD 158,604 charter school campuses within the City of Dallas designated as having met standards set by the state of Texas. Garland ISD 57,517

In 2016, DISD had the 1st and 4th highest-rated public high schools in the nation, according to U.S. News and World Report. The School for the Talented & Gifted was ranked the #1 Plano ISD 54,570 high school in the nation, and the School of Science and Engineering was ranked #4. Six other DISD schools also ranked within the top 1,000. Mesquite ISD 40,805

Sixty-three state-registered charter school campuses operated within the City of Dallas Richardson ISD 38,738 during the 2015-2016 school year. Irving ISD 34,929 Dallas is also home to over 80 private schools. These include many religious, Montessori, single-sex, special needs and dual language immersion schools. In 2016, Niche.com Grand Prairie ISD 29,339 included two Dallas private schools, The Hockaday School and St. Mark’s School, on its list of the top 50 best private high schools in the U.S. St. Mark’s ranked first in Texas. Carrollton-Farmers Branch ISD 25,796

Dallas-Fort Worth’s diversity is reflected in its many international schools. Classes are Duncanville ISD 12,768 available in languages ranging from French to Arabic, Hungarian to Japanese. Source: Texas Education Agency, 2013-2014.

Credit: Brian Birzer Photography Credit: Brian Birzer Photography St. Phillip’s School School for the Talented & Gifted at Woodrow Wilson High School Booker T. Washington High School for Yvonne A. Ewell Townview Center The Performing Arts City of Dallas Economic Development Profile 2016 DallasEcoDev.org 57 (214) 670-1685 City of Dallas Publication: 06/07-84

Health Care Assets

Dallas is home to recognized hospitals that are consistently ranked top in U.S. News & World Report 2015-16 hospital rankings: the nation. The city has many clinics, doctor’s offices and diagnostic services offering comprehensive care and treatment. The city’s public  Children’s Medical Center of Dallas ranks 6th in hospital, Parkland, is one of the largest in the country. It opened a new 2.8 pediatric orthopedics, 12th in pediatric nephrology, 16th million square feet, $1.3 billion hospital in August 2015. in pediatric gastroenterology and GI surgery, 17th in cardiology and heart surgery, 17th in diabetes and With more than two dozen hospitals in Dallas-Fort Worth and ten in Dallas, endocrinology, 28th in neonatology, 33rd in pediatric quality health care is easily available. urology, 35th in pediatric cancer, and 36th in neurology and neurosurgery.

Major City of Dallas Hospitals  Baylor University Medical Center at Dallas was recognized for being high performing in eight Staffed/ specialties and ranks in the top 50 in in three Licensed Beds Doctors categories. U.S. News & World Report says it’s the third best hospital in Texas. Baylor University Medical Center at Dallas 998 1,146  UTSWMC ranks in the top 50 nationally in two Texas Health Presbyterian Hospital Dallas 888 1,519 categories of care and is high-performing in four Parkland Health and Hospital System 968 1,446* specialties.

VA North Texas Health Care System* 853 426* Dallas Health Care Excellence Medical City Dallas Hospital/Medical City 650 N/A There are five Nobel Laureates on faculty at UTSWMC. Children's University of Texas Southwestern Medical 461 1,617 Parkland Memorial Hospital, Methodist Dallas Medical Center (UTSWMC) Center and Baylor University Medical Center are Level I trauma centers. Methodist Dallas Medical Center 515 241* Children’s Medical Center of Dallas 490 1,003 Children’s Medical Center Dallas is the only Level I pediatric trauma center in Dallas-Fort Worth. Methodist Charlton Medical Center 285 168* There are three schools of higher education in health Baylor Scott & White Medical Center – White 218 N/A sciences located in Dallas-Fort Worth.

Source: Dallas Business Journal Book of Lists, *2013 and 2014.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 58 (214) 670-1685 City of Dallas Publication: 06/07-84

Climate and Ecology

Weather The weather in Dallas is moderate, with very warm summers and cool but comfortable winters. Dallas experiences four distinct seasons. Temperatures reach their zenith during July and August when they can reach 100°F (38°C.)

Winter in Dallas is usually mild; daytime temperatures can reach up to 66°F (19°C), but temperatures can dip below freezing at times. It is common to have one or two ice storms and snowfalls during the winter.

Dallas receives most of its visitors in the spring due to delightful weather. Thunderstorms are common and rainfall comes in heavy bursts in April and May.

 Average rainfall is 34.7 inches per year. Credit: Sean Fitzgerald  Average snowfall is 2.6 inches per year.  Annual number of sunny/partly sunny days is 232. Ecology Dallas lies between the Piney Woods of east Texas and the Great Plains in the Blackland Prairie. Rolling grasslands are laced with bottomland forests along rivers and creeks. The Trinity River runs through the city, and just south of downtown is the 6,000-acre Great Trinity Forest, home to an estimated 1,300 plant and animal species. Source: World Wildlife Fund, Texas Parks and Wildlife Department, U.S. National Weather Services, City of Dallas

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 59 (214) 670-1685 City of Dallas Publication: 06/07-84 Sources: World Wildlife Fund, Texas Parks and Wildlife Department, U.S. National Weather Service, City of Dallas

Environmental Stewardship

Environmental Initiatives Community Sustainability  First U.S. city to adopt the International Green Construction Code as mandatory Complete Streets and Bicycle Advocacy for all new commercial construction (2012), and one of the first major U.S. cities to Complete Streets provide safety for users of all modes pass a comprehensive green building standard for both residential and commercial of transit, of all ages. Through community support and construction (2009). public policy the City has completed two pilot projects with plans for 13 additional Complete Streets pilot  First U.S. city to implement the ISO 14001 certified environmental management projects. The Dallas Bikeway System now includes system (2008). 143 miles of multi-use trails, shared lanes, bike lanes,  100% of grid-based electricity used by city facilities comes from wind power. and buffered bike lanes. An additional 80 miles of on-  Nearly 40% of the city vehicles are alternative-fueled or hybrids. and off-street infrastructure are funded or under construction.  Methane gas capture and an Enhanced Leachate Recirculation system accelerate decomposition and extend the life of McCommas Landfill. Healthy Food Systems Farmers markets,  Methane gas captured in wastewater treatment produced 27 million kWh of community gardens, aquaponics, and farm-to-table restaurants and grocers are creating strong renewable energy to offset a percentage of Dallas Water Utility’s electricity grid neighborhoods and sustainable new jobs in Dallas. needs.  Per capita water demand has decreased 26% since 2001 with the adoption of strict water conservation measures.  Residential recycling reached 79% participation in 2015, increasing waste diversion to 55,000 tons. To provide greater accessibility, the city has over 140 recycling drop-off sites.

 Dallas is part of the White House’s Smart Cities Initiative to use advances in science and technology to tackle key urban challenges. Spearheaded by the Dallas Innovation Alliance, Phase One in the West End is testing new technologies that improve infrastructure, mobility and connected living to create a more sustainable and efficient city. Accolades  #7 in number of Energy Star rated buildings in the city (EPA, 2016).  #2 top local government purchaser of sustainable energy (EPA, 2013). The LEED-Certified Trinity River Audubon Center

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 60 (214) 670-1685 City of Dallas Publication: 06/07-84

Unemployment Rate

The City of Dallas has either matched or out-performed the national unemployment rate for nine years, starting in 2006. The City’s diverse business and industry mosaic has helped keep its unemployment rate lower that the U.S. average.

9.6 10 9.3 8.9 9 8.5 8.2 8.0 8.1 8 7.4 7.0 7 6.4 6.2 5.8 6 5.2 5.4 5.3 5.3 5 4.6 4.6 4.6 4.1 4

3

2

1

0 Calendar Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

City of Dallas 5.2 4.6 5.4 8.2 8.5COD 8.0 US 7.0 6.4 5.3 4.1 United States 4.6 4.6 5.8 9.3 9.6 8.9 8.1 7.4 6.2 5.3

Source: Bureau of Labor Statistics and The Labor Market & Career Information Department (LMCI), Texas Workforce Commission

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 61 (214) 670-1685 City of Dallas Publication: 06/07-84

Personal Income Growth

U.S. and City of Dallas Annual Personal Income Percentage Growth - 2014 City of Dallas personal income is the sum of all 2010 2011 2012 2013 2014 earnings by Dallas residents at the end of the year. The City of Dallas total personal income estimate is $55.78 billion. There was 6.0 percent growth over the year. Total personal income for the U.S. grew 4.4 percent to $14,694 billion.

U.S. and City of Dallas Annual Average Per Capita Personal Income

Year 2010 2011 2012 2013 2014 COD Per Capita Personal Income $40,101 $40,307 $41,290 $41,951 $43,805 Percent Change -7.0% 0.5% 2.4% 1.6% 4.4% U.S. Per Capita Personal Income $36,274 $37,804 $39,441 $39,128 $40,453 Percent Change 1.8% 4.2% 4.3% -0.8% 3.4% Source: Bureau of Economic Analysis (BEA) and City of Dallas, Office of Economic Development * - Values for 2010, 2011, and 2012 are revised The 2014 per capita income estimate for the city is $43,805. Initial estimates reflect that residents experienced a 4.4 percent increase in per capita personal income from 2013 to 2014. While the national per capita income grew 3.4 percent, the national average value falls short of the city’s by $3,352 per person. City of Dallas Economic Development Profile 2016 DallasEcoDev.org 62 (214) 670-1685 City of Dallas Publication: 06/07-84

Construction Activity

$3.48 $3.54 $3.37 $3.28

$2.92 $2.82 $2.75 $2.48 $2.54

$1.94 Billions Billions

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Calendar Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Value (in Billions) $2.82 $3.48 $3.28 $3.37 $2.48 $2.75 $1.94 $2.54 $3.54 $2.92 Change Over Prior Year N/A +23.3% -5.9% +2.8% -26.4% +11.1% -29.6% +30.9% +21.6% -5.2%

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 63 (214) 670-1685 City of Dallas Publication: 06/07-84

Gross Sales

City of Dallas 2014 Annual Gross Sales In 2014, Annual Gross Sales in the City of Dallas reached over 2002 - 2014 $166 Billion. Annual Gross Sales are the grand total of all 2007-2009 sale transactions reported Recession during the calendar year, without any deductions included within the figure. Sales are reported by all North American Industry Classification System (NAICS) sectors and for all-industry totals. The Trade sectors represent the largest percentage of annual Gross Sales with a combined 60 percent of the total. Of this, Wholesale Trade represents 40.6 percent and Retail Trade 19.3 percent. Other sectors with substantial representation include Utilities with 8.6 percent, Manufacturing with 7.7 percent, Construction at 4.4 percent, and Mining, Oil, and Gas with 4.4 percent of the total. All other industry sectors individually had below 4.0 percent share.

Source: Texas Comptroller of Public Accounts.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 64 (214) 670-1685 City of Dallas Publication: 06/07-84

Gross City Product Estimate

The Gross City Product (GCP) Estimate is produced by the City of Dallas as a comparative measure to the nominal U.S. and Dallas-Ft. Worth Metropolitan Statistical Area (MSA) Gross Domestic Products (GDP). The revised growth of Dallas’ GCP in 2014 is estimated at 4.0 percent. U.S. nominal growth over the same period was 4.2 percent and growth for the DFW MSA in 2014 was 5.7 percent.

Calendar Year 2006 (r) 2007 (r) 2008 (r) 2009 (r) 2010 (r) 2011 (r) 2012 (r) 2013 (r) 2014 (r) Value (in billions) $104,551 $105,582 $106,124 $98,412 $101,536 $110,960 $114,773 $123,400 $128,353 Change n/a 0.99% 0.51% -7.27% 3.17% 9.28% 3.44% 7.52% 4.01%

Source: City of Dallas, Office of Economic Development. Estimates revised based upon September 2016 revision for 2001–2014 nominal GDP-by-MSA from the Bureau of Economic Analysis (BEA) (p) - Preliminary estimate, (r) - Revised estimate.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 65 (214) 670-1685 City of Dallas Publication: 06/07-84

City of Dallas Stock Index

The City of Dallas Stock Index is a capitalization-weighted index that tracks the City of Dallas Total Market Value of Firms by Industry collective total market value of all publicly traded companies headquartered within the City of Dallas. The index is updated quarterly based on corporate SEC filing data and is indexed to the first quarter of 1996.

Total market capitalization for publicly traded companies within the City of Dallas for the 4th quarter of 2015 was $356.3 billion. The 4th quarter of 2015 ended with an index value of 2154, meaning that the total market value of all publicly traded companies within the City of Dallas was more than three times the market value during the first quarter of 1996, which has mirrored the performance of the S&P 500.

The City of Dallas Stock Index is one element of the Dallas Office of Economic Development’s efforts to track economic conditions within the City of Dallas. Municipal stock indices are often used as an indicator of near-term local economic performance.

City of Dallas Capitalization-weighted Stock Index vs. S&P 500

Source: Wharton Research Data Services, 2016.

The above chart shows the share of publicly traded firms INDEX VALUE (Dallas) located within the City of Dallas by major industry. The total market value of publicly traded companies within the City of Dallas during the 4th quarter of 2015 was dominated by firms in the Information and Trade, Transportation, and 1996 2000 2004 2008 2012 2016 Utilities sectors. Source: Wharton Research Data Services, 2016; Yahoo! Finance, 2016. City of Dallas Economic Development Profile 2016 DallasEcoDev.org 66 (214) 670-1685 City of Dallas Publication: 06/07-84

Comparative MSA Home Prices

2015p Annual Median Sale Price ($000)

Source: National Association of REALTORS® Median Sales Price of Existing Single-Family Homes for Metropolitan Areas, March 2016, preliminary values.

City of Dallas Economic Development Profile 2016 DallasEcoDev.org 67 (214) 670-1685 City of Dallas Publication: 06/07-84