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The Telecom Corridor®

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The Telecom Corridor® The Telecom Corridor® The Best Place in the U.S. to Locate Your Technology Company Richardson, Texas – Centrally Located In the Dallas / Fort Worth Metroplex The Telecom Corridor ® City ‐ 28.2 Square Miles Core 103,802 Population Telecom Corridor 11 square miles 3 square mile core Office Space ‐ 12 Million SF Tech Space ‐ 13 Million SF Tech Jobs ‐ 70,000+ Tech Companies ‐ 500+ 50+ Foreign Tech Companies Benefits of Locating in Texas • Texas has the most stable state economy in the U.S. • Texas produced more jobs 2008‐2010 than all states combined • Texas is “business friendly” • Texas is centrally located to serve all of U.S., Canada, Latin America • Texas residents enjoy a high standard of living • Texas has a low cost of living • Texas has NO state personal income tax • DFW airport is 3rd busiest international airport • State of Texas Economic Development incentives – Texas Enterprise Fund (Largest such fund in U.S.) – Texas Skills Development Fund DFW Airport Airport Rankings (March 2011) Top 10 airports by traffic movements 1. ATLANTA, GA 950,119 2. CHICAGO, IL 882,614 3. DALLAS/FORT WORTH, TX 652,261 4. DENVER, CO 630,089 5. LOS ANGELES, CA 575,835 6. HOUSTON, TX 531,347 7. CHARLOTTE, NC 529,101 8. BEIJING, CN 517,582 9. LAS VEGAS, NV 505,591 10. PARIS, FR. 499,997 Benefits of Richardson • The “International Business Capital of North Texas” • Richardson is hub of “The Telecom Corridor®” • Richardson has several technology industry clusters • Close proximity to: – 10,000+ corporate headquarters – 44 Fortune 500 corporate headquarters • Highly skilled, well educated workforce • Easy access to whole Metroplex via highways, toll roads, light rail • Main campus of UT Dallas located in Richardson Economic Development • One of top four technology centers in the U.S. • Large concentration of high tech firms (600+) • Best location in DFW for technology companies • Major tech employers include: – AT&T ‐ Cisco Systems ‐ Samsung Wireless – Verizon ‐ Elcan/Raytheon ‐ MetroPCS – Ericsson ‐ TriQuint Semiconductor ‐Honeywell – Rockwell Collins ‐ Texas Instruments ‐ Systimax • Texas economic development incentives • Local economic development incentives • Richardson Chamber of Commerce is “FIVE STAR” certified by the U.S. Chamber of Commerce Economic Development • Richardson start‐up services for overseas firms – Inexpensive “Soft Landing” office space at STARTech Early Ventures building – Business concierge services for foreign companies – Chamber member businesses provide services – Legal – Accounting – Real estate (commercial/residential) – Business logistics – Banking – Others – U.S. government agencies – International chambers of commerce Industry Clusters • Richardson Core Industry Clusters – Telecom – ICT/ Networking – Software / Video Gaming – Semiconductor Manufacturing/Suppliers – Electronic Equipment – Defense Contractors – Data Centers/Cloud Computing – Medical/Dental Devices – RFID – Insurance/healthcare/financial services Sample of Largest Companies Telecom Corridor Companies Telecom Corridor ® Major High ‐ Tech Companies Transportation and Infrastructure • 3 major highway systems in the city • DFW International Airport (#3 in daily flights) – 23 miles from Richardson • 4 DART light rail stations in the city of Richardson • Citywide DART public bus system • Readily available, highly reliable utilities and communications: – Extensive wireless/fiber optic communications infrastructure – Metropolitan Area Exchange (MAE) – 7 electric substations Workforce • Richardson’s population: 103,000 • 1.4 million workers available within a 20 mile radius • Highly educated workforce – 50% of adults age 25 or older have a bachelors or advanced degree – 60% of the labor force has attended college • Diverse population: – 58% White – 18% Hispanic – 16% Asian – 8% Black Cost of Living Comparison Dallas 92 Atlanta 96 Detroit 99 U.S. Average 100 Miami 106 Chicago 117 Philidelphia 126 Boston 132 Los Angeles 136 Washington, D.C. 140 San Francisco 164 New York 216 0 50 100 150 200 250 Source: C2 Cost of Living Index, 2010 Annual Average Data Corporate Tax Rates Texas 1.60% Florida 5.50% Georgia 6% Washington 6.40% Maryland 7% Connecticut 7.50% New York 7.50% Delaware 8.70% California 8.84% New Jersey 9.36% Massachusetts 9.50% Pennsylvania 9.99% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% Source: The Tax Foundation, ww.taxfoundation.org Housing Price Comparison Georgia 247,477 Pennsylvania 254,253 Texas 265,531 Delaware 317,074 Washington 333,018 Maryland 356,424 Florida 364,135 New Jersey 441,060 Massachusetts 534,882 California 566,537 Connecticut 583,239 New York 690,183 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 Source: Trulia 2011 Outstanding Research University • The University of Texas at Dallas – Main campus located in NW Richardson – Enrollment: 19,000 – 7 schools; 3800 annual graduates – Public research university – Top ranked programs in: • Engineering & Computer Science • Management • Natural Sciences • Brain Technology • Arts & Technology (computer graphics / animation) Other Higher Education • DeVry University – Engineering & Information curriculum – Business Management curriculum • Richland College – Serves Richardson area – 15,000 / for credit schools – 5,000 continuing education Excellent Quality of Life • Located in the “Sun Belt”, mild winters, warm summers • 30 parks and 850 acres of park land within 28 sq. miles • Public soccer & baseball fields • 16 miles of hike/bike trails • 3 golf courses: 1 private; 2 public • 5 public swimming pools & 32 tennis courts • Close proximity to professional sports venues: – Football (Dallas Cowboys), Basketball (Dallas Mavericks), Soccer (FC Dallas), Hockey (Dallas Stars) • City’s Eisemann Center –world class performing arts / corporate events • 10 regional malls & lifestyle shopping centers within 20 minute drive time Accolades • CNNMoney magazine’s “Best Places to Live” list –Top 20 • BusinessWeek : Richardson is one of the “Best Cities for Raising Children”(’08) • International Economic Development Council selected Richardson ED Partnership for “Best Technology‐based Economic Development” award (’06) • Charles W. Eisemann Center for Performing Arts named by D Magazine as the “Arts & Culture Best Venue” (’04) • First north Texas city to be named “Best Workplace for Commuters” by U.S. EPA & U.S. DoT (’03) Richardson: a Global Business Location The Hub of The Telecom Corridor® and the Best Place in the U.S. to Launch Your Technology Business! Contact Information For additional information please contact: Michael Skelton Director, Mayor’s Office of International Business 411 Belle Grove Drive Richardson, Texas USA 75080 Phone: 972‐792‐2814 Email: [email protected] Skype: mdskelton.
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