Growing Businesses & Employment Rates

Consistent Economic Growth & Stability: DFW’s economy leads on a national and global level with a 2014 GDP of $447B

  • If DFW were a country, it would have the world’s 28th largest economy, greater than the GDPs of Austria ($436B), Iran ($415B) and the United Arab Emirates ($401B)
  • DFW is adding 100,000+ more jobs annually across a range of key sectors
  • DFW employment is at an all-time high, with over 400,000 new jobs created since the recession
  • DFW has the nation’s 3rd highest rate of job growth (2015) & 6th best GDP (2014)

The Place for Business: DFW is home to 21 Fortune 500 Companies, beating California with the second most Fortune 500 Companies headquartered in any U.S. metro

  • Texas provides a very business-friendly environment with significantly fewer business regulations, less tax, high workforce availability and skill, and lower labor costs, making it an economically-sensible choice for major company relocations and expansions
    • DFW-based Fortune 500 companies include Exxon Mobil, AT&T, Energy Transfer Equity, American Airlines, Kimberly-Clark, Southwest Airlines, Tenant Healthcare, Texas Instruments, Dean Goods, D.R. Horton, Dr. Pepper Snapple Group, and Alliance Data Systems

Strength Underpinned by Economic Diversity

Examples of recent strategic company moves illustrate a diverse range of sectors and industries:

  • Toyota: the auto manufacturer is relocating its Northern America HQ to Plano (DFW) from California, bringing 4,100 jobs
  • Liberty Mutual Insurance: the nation’s third-largest insurer is bringing 5,000 jobs to its new Plano campus by the end of next year
  • FedEx Office: the national retailer created a new Plano campus and expects to grow beyond the 1,200 initial new jobs to support the company’s expansion
  • Charles Schwab Corporation: selected El Paso for its new operations center and 500 new jobs
  • PriceWaterhouseCoopers: the accounting firm expanding its local office in Uptown Dallas
  • Active Network: the cloud-based software company moved its HQ from San Diego to downtown Dallas, generating 1,000 jobs
  • J.P. Morgan Chase: construction begins this year on a new Plano campus to house 6,000 staff
  • mortgage lender opening joint HQ in Plano, bringing 1,000 jobs
  • Fannie Mae: a multiple office consolidation is planned for early 2018 in DFW for 2,000 employees

Growing Population & High Quality of Life

Population Growth: DFW’s population has increased 25% since 2000, with 2%+ annual population increases projected through at least 2019

Affordability and Desirability: incomes are high and growing, while the cost of living is dropping

  • DFW’s median household income of $58,366 grew by 17.3% between 2005 – 2013, higher than that of most U.S. metros, such as LA, Charlotte, Nashville, Miami, Atlanta, Las Vegas and Phoenix
  • DFW was one of very few U.S. metros with a regional price parity decrease from 2008 – 2012
  • DFW experiences significantly less crime, unemployment (2.8% in 2015, 1.7% below the national average), and daily driving commute times compared to other metros
  • Temperate climate encourages year-round outdoor activities across the area’s 400 + public parks, 172 golf courses and 12 major lakes

Top Educational Institutions: DFW has 250,000 students enrolled in higher education, with more than 35,000 degrees awarded annually

  • North Texas boasts more than 25 highly respected colleges, universities and technical schools, including Southern Methodist University, University of Texas at Arlington, Texas Christian University, University of North Texas

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*Neither Elevate Private Equity nor any of its affiliated entities offer or provide any legal, accounting, or other advice that requires a professional license.  None of the materials in this presentation or related materials are intended to be or should be considered legal, accounting, or similar advice.  No one receiving these materials may rely on them as a substitute for appropriate professional advice.  Elevate Private Equity strongly encourages and advises anyone receiving these materials to consult with their own independent attorneys, CPAs, and other professionals in order to ensure that any actions taken in connection with the materials complies fully with all applicable laws, rules, and regulations.