By Sean Lester
June 2, 2015
It seems like a daily occurrence that the Dallas-area adds a new company moving its headquarters to North Texas. Toyota, State Farm and Liberty Mutual are just a few of the big names that will join the D-FW scene in the coming years.
Though the timetable isn’t exactly that quick, the growth in business relocating to D-FW has been noted. According to MarketWatch, Dallas is the most “business-friendly city” in the country.
Dallas landed ahead of San Francisco, Seattle, Des Moines and Raleigh which rounded out the top 5.
MarketWatch ranked the cities on a combination score that factors in business climate, company performance and economic outcome. To read the complete analysis on how MarketWatch got the results, click here.
As Russ Britt of MarketWatch writes, Dallas has the geographical location that companies seek.
“Some companies seek a geographic advantage by locating facilities in the middle of the country, whether a distribution hub or an entire headquarters,” Britt said. “It may be that executives are hankering to save money on taxes or real estate or other business costs. Or perhaps they’re just weary of regulatory trappings elsewhere and long for a meaningful relationship with a business-friendly local government.”
One thing Britt mentions that many Dallas-area folks will disagree on is his take on the local highways and a lack of traffic, which he says shows room for growth.
“Drive the region’s elaborate web of new and relatively uncrowded highways — seemingly ready to accommodate an onslaught of humanity — and you’ll see the occasional 10- or 20-story office building or hotel dotting the landscape, quickly followed by acres and acres of vacant land. Locals are upbeat when they say the area’s 6.8 million residents could double over the next 20 years.”