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Plano, Texas.
Smart people.
Smart place.
PLANO ECONOMIC DEVELOPMENT
Plano at a Glance
A global business center
Plano, Texas, located 19 miles north of downtown Dallas, is the fourth
largest city in the Dallas-Fort Worth region with over 265,000 residents.
Plano is home to many leading global corporations. A Plano location
provides companies with workforce talent, a competitive business climate,
world-class business parks and superior accessibility. A 30-minute drive to
DFW International Airport (world’s third busiest) and a Central Time Zone
location provide quick access to both US coasts.
Plano Quick Facts
Population.........................................................266,857
Collin County Population.................................834,642
DFW Population........................................... 6.7 million
Labor Force-DFW......................................... 3.4 million
Land Area............................................ 72 square miles
Median Household Income..............................$81,339
Median Age................................................................37
Per Capita Income............................................. $40,198
Median Home Price........................................$216,900
Adults Bachelor’s Degree +....................................53%
Decennial Population Growth................................17%
Fortune 1000 HQs .......................................................6
Source: American Community Survey, Plano Economic Development,
US Department of Labor Statistics
Employment by Industry
12%
Government
5%
Mining,
Logging, and
Construction
7%
Manufacturing
12%
Education
& Health
Services
20% Trade,
Transportation
& Utilities
18%
Professional
& Business
Services
Source: Texas Workforce Commission 2013
PLANOTEXAS.ORG
J.C. Penney
Dr Pepper Snapple Group
Alliance Data Systems
Rent-A-Center
Cinemark Holdings
Denbury Resources
Largest Private Employers
Employing 1000+
Alcatel-Lucent Frito-Lay
Bank of America Home Loans
HP Enterprise Services
Capital One
Intel Security
Cigna
J.C. Penney
Dell Services
Medical Center of Plano
Dr Pepper Snapple Group
PepsiCo
Ericsson
Texas Health Presbyterian
Hospital Plano
Employing 500 - 999
4%
Other
Services
10%
Leisure &
Hospitality
Fortune 1000 Headquarters
Baylor Regional Medical
Center of Plano
Raytheon
Children’s Medical Center
at Legacy
St. Jude Medical
Neuromodulation Division
CROSSMARK
CVE Technologies Group
Denbury Resources
3%
Information
9%
Financial Activities
Rent-A-Center
Tektronix Communications
Texas Instruments
Flextronics The Heart Hospital
Baylor Plano
Intuit Transamerica
MedAssets
XO Communications
Pizza Hut/Yum!
Restaurants International
Demographics
An educated and diverse population in a growing region
w The Asian population is 18% (over triple the US average) and Hispanic population is 15%
w Collin County is one of the fastest growing counties
Population
& Population Growth
Population by Race & Ethnicity
2000
2010
2013
Growth
2000-2010
Plano
222,030
259,841
263,122
17.0%
Collin County
491,675
782,341
834,642
59.1%
Dallas-Fort Worth 5,161,544
6,520,941
6,700,991
23.4%
7%
African American
15%
Hispanic
17.8%
Asian
Source: American Community Survey and North Texas Council of Governments
57.5%
White
2.7%
Other
Workforce
Source: American Community Survey
A highly-educated local workforce with proximity to Dallas’
large labor pool
w 53% of Plano’s adults have a bachelor’s degree or higher (twice the US)
w Over 3.4 million reside in the DFW MSA
w Right-to-Work state with 3% unionization
w Workforce-training grants
“To be the preeminent
Educational Attainment
Age 25 & Older
pizza brand, we have to
Plano
have the best marketers,
U.S.
the best finance, and the
33%
35%
best operations people.
30%
Attracting and retaining
25%
18%
20%
15%
10%
20%
talent are some of our most
7%
8%
5%
important company goals.
11%
Associates Bachelor’s
Source: American Community Survey
Graduate
Tracy Skeans
Chief People Officer
Pizza Hut
There is a great talent base
here in Plano.”
Education
Plano ISD
A K-12 school district with a long tradition
of excellence
Enrollment............................................... 55,302
The Plano Independent School District (PISD) has long played
a vital role in Plano’s economic success. Its reputation for
excellence continues to lure professional families, and in turn,
companies to Plano.
Schools........................................................... 70
w Rated “Exemplary” on all reported academic indicators to date
w 23 National Blue Ribbon Schools
w Winner of “What Parents Want Award” by SchoolMatch for
Completion Rate......................................98.2%
20 consecutive years
SAT Composite......................................... 1,142
ACT Composite........................................... 25.7
National Merit Scholar Semi-Finalists......... 96
Texas Education Agency Rating... Recognized
Source: Plano ISD
Kimberly Yu, 2013 Salutatorian of
Plano West Sr. HS • Presidential
Scholar • Intel Science Talent Search
semifinalist • National Merit Finalist
A pipeline of college graduates from 25 universities
in the region
w Over 157,000 students are enrolled in four-year universities
w 187,000 for-credit students are enrolled in community colleges
University of Texas at Dallas, known for its science,
engineering, math and business programs, it offers 133
academic programs including 84 master’s and doctoral degree
programs.
Collin College offers over 100 associate degrees and
continuing education programs. Its partnership with five
universities allows students to remain on campus to complete a
bachelor’s, master’s or doctoral degree.
SMU-in-Plano, a satellite campus of Southern Methodist
University Enrollment
Plano Area Universities
Collin College...........................................27,013
University of Texas at Dallas.................. 19,727
Dallas Baptist University-North..................N/A
Southern Methodist University in Plano...900
Strayer University........................................N/A
Major Dallas Area Universities
University of North Texas....................... 35,778
University of Texas at Arlington............ 33,239
Texas Women’s University..................... 14,898
University, offers master’s degree programs for business, liberal
studies, dispute resolution/conflict management, counseling,
education, engineering and digital game development.
Southern Methodist University............. 10,893
DBU North, a satellite campus of Dallas Baptist University,
Texas Christian University.......................9,700
offers undergraduate programs in business and communication
as well as master’s degree programs for business management
(MBA), management, education and counseling.
Strayer University offers undergraduate and graduate
degree programs in business, criminal justice, education, health
services administration, human resource management and
information systems.
PLANOTEXAS.ORG
Texas A&M University-Commerce........ 11,187
Dallas Baptist University.......................... 5,622
UT Southwestern...................................... 4,848
Texas Wesleyan University...................... 3,203
University of Dallas.................................. 2,576
University of North Texas-Dallas............. 2,100
Source: Texas Higher Education Coordinating Board
Business Parks and Corporate Real Estate
A distinctive corporate address with sites, buildings and amenities demanded by global firms
w World-class business parks with excellent amenities
w Ample inventory of office, flex and industrial
w Over 3,500 acres available for commercial development (nonresidential)
w Fiber-optic broadband coverage for 75% of residential and commercial customers
w No development impact fees for water, waste water and roadways
Legacy, a 2,600 acre master-planned business, retail and residential
community, is located in Northwest Plano along the Dallas North Tollway. It has
over 12 million square feet of headquarters and regional office space. Legacy is
a distinctive address for many top firms including J.C. Penney, Rent-A-Center,
Frito-Lay, Ericsson, Dr Pepper Snapple Group, HP Enterprise Services, PepsiCo,
Capital One, Alliance Data, Bank of America Home Loans, Huawei Technologies,
Intel Security, Pizza Hut/Yum! Restaurants International, MedAssets, Golden
Living, USAA and Tyler Technologies.
Research/Technology Crossroads, a 900-acre district in Southeast
Plano, is adjacent to President George Bush Turnpike (SH 190) and the
Telecom Corridor area. Notable companies include Raytheon, Flextronics, XO
Communications, GE Critical Power, Investor’s Business Daily, Adam’s Golf,
Samsung Telecommunications, Eltek, CVE Technologies Group, USA Mobility,
Luminator USA and AdvoCare International.
Granite Park, on Sam Rayburn Tollway (SH 121) and the Dallas North Tollway,
has one million square feet of office and retail space. Notable tenants are
United Healthcare, Siemens PLM Software, FM Global, Ford and Hilton Granite
Park Hotel.
International Business Park, a 300-acre master-planned office park,
lies at the intersection of the Dallas North Tollway and the President George
Bush Turnpike (SH 190). Notable companies include Hyundai Capital, Goodman
Networks, ReachLocal, Keste LLC, MedHost and Wyndham Jade.
Real Estate
Lease
Inventory
Vacancy
Office*
Class A office*
Flex space**
Industrial**
Retail**
$24.23
$ 27.79 $ 8.76 $ 7.01 $12.32
29.8 million
15.7 million
5.0 million
14.9 million
29.7 million
9%
7%
12%
9%
7%
Source: CoStar Q1 2014
* Direct Gross ** Triple Net
12:34 PM
Page 1
Transportation
380
Denton
McKinney
Frisco
35W
Plano’s location in the Central Time Zone and close proximity to DFW
International Airport allow same-day departure and return for both the
114
East and West coasts.
Alliance
Lewisville
170
DFW International Airport, the world’s third
busiest in flight
81
operations, is the hub of American Airlines.
w Fly to every city in the continental US within four hours
Carrollton
114
Grapevine
Addison
Airport
Pres. George
Bush Turnpike
190
Richardson
Garland
635
DFW
Airport
w Non-stop service to 148 domestic and 57 international destinations
199
w Served by 22 passenger airlines and 17 cargo carriers 35W 820
w 30 minutes from Plano with direct access
from both the President
820
Allen
78
35E
Airport
380
Collin County
Regional
Airport
75
Dallas North Tollway
Excellent access to air, light rail, public transit and roads
ay
Tollw
burn
Ray
Sam
289
35E
Ce
ntr
al E
xp.
6/5/09
Preston Rd.
DFWMap(NEW)
75
161
635
Love
Field
66
Rowlett
30
Irving
George Bush Turnpike and the Sam Rayburn Tollway
Fort Worth
Arlington
30
Dallas Love Field is convenient for regional travelers
and the 820
hub for
12
360
Dallas
80
30
Grand Prairie
Southwest Airlines. Located 7 miles from downtown Dallas, it serves 7.7 million passengers a year.
20
Mesquite
12
175
20
45
20
Addison Airport and Collin County Regional
Airport
are 15 minutes from Plano. Addison Airport is the largest
377
general aviation airport in the nation.
287
67
35E
Dallas Area Rapid Transit (DART) provides light rail service at two rail stations. Bus and shuttle service are available
throughout the city.
Highways Plano contains within its boundaries SH 190 (President George Bush Turnpike), Dallas North Tollway, US 75
(Central Expressway) and SH 121 (Sam Rayburn Tollway). Interstates 20, 30, 35 and 635 are within 30 minutes.
Port of Houston, the nation’s second
largest port, is 260 miles from Plano.
Business Climate
A pro-business location in a pro-business state
w No personal or corporate income tax in Texas
w Right-to-Work state
w Pro-business regulatory environment
w “AAA” Bond Rating - City of Plano
Local Incentives
w Cash Grants
w Tax Abatement
w Freeport Exemption
w Tax Increment Finance (TIF)
State Incentives
w Texas Enterprise Fund (TEF)
w Emerging Technology Fund (ETF)
w Texas Enterprise Zone Program
w Skills Development Training Grants
PLANOTEXAS.ORG
Phil Rykhoek
CEO
Denbury Resources
“The City of Plano has been an
outstanding place for Denbury to
grow. We are very pleased with the
business friendly environment in
Plano and particularly appreciated
the strong support we received
when we expanded our office. With
a wide range of housing options,
great schools, well developed
infrastructure, and easy access to
highways and two major airports,
the location of our headquarters
has helped us attract and retain the
top notch professionals we need to
execute our future growth plans.”
Quality of Life
A national reputation as one of the best places for professional families
to live and work
Excellent public and private schools, low crime and affordable homes, provide a great
environment to raise a family. Proximity to Dallas offers all the advantages of a big city.
w Access to DFW’s cultural, arts, sports and entertainment venues
w High-paying jobs with affordable cost of living
w Ample work opportunities for trailing spouses
w Mild winters and lots of sunshine allow you to spend ample leisure time doing what
you enjoy
Cost of living
Compared to other metropolitan areas in the US, living in Plano helps your money go
further. With a relatively low cost of living, high median incomes and affordable housing,
you can enjoy a lifestyle that would be all but impossible on the West or East coast.
Cost of Living & Housing
Composite
Housing
448.3
400%
300%
285.5
221.3
196.2
200%
190%
180%
170%
159.9
160%
150%
141.8
136.1
140%
130%
118.0
120%
110%
96.6 89.4
100%
97.3 98.4
117.4
131.0
117.5
104.0
Plano Phoenix
Denver
Chicago
Seattle
Los Angeles San Francisco New York
(Manhattan)
Source: Council for Community and Economic Research Q3 2013
Plano, Texas.
Smart people. Smart place.
Community Accolades
“#3 Happiest Workers in a Midsize City”
Career Bliss
“America’s Best Places to Move”
Forbes
“Best Run City in America”
24/7 Wall St.
“#1 Best Place to Live in America”
Area Vibes
“2013 City of the Year”
DFW Asian-American Citizens Council
“#1 Best City to Build Personal Wealth”
Salary.com
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For additional information,
please contact
Plano Economic Development:
972-208-8300
planotexas.org