Telecom Corridor Area of Innovation. International Business Development

Size: px

Start display at page:

Download "Telecom Corridor Area of Innovation. International Business Development"

Blaze Nelson
6 years ago
Views:

1 Telecom Corridor Area of Innovation International Business Development

2 Our Business Model The Richardson Chamber of Commerce staffs and manages all three organizations.

3 Texas Accolades CEOs, site selection consultants and publishers agree: 2012 Texas is Governor s Cup Winner Most Competitive State Site Selection Magazine 2014 Texas is Best State for Business 10 years in a row CEO Magazine Best Business Climate Business Facilities Magazine 2013 Best State for Business Chief Executive.net 2014 A Top State for Fortune 500 Headquarters (52) Fortune Magazine 2013 America s Top State for Economy & Infrastructure CNBC

4 DFW Accolades Texas Electric Grid #1 in U.S. Gridwise Alliance Texas One of the Top 10 States for Lowest Overall Tax Burden The Tax Foundation Dallas Metro #1 Great City for Starting a Business Kiplinger DFW in the Top 15 America s New Brainpower Cities New Geography Dallas Metro is the Best Place for Startups U.S. Chamber of Commerce Foundation

5 Texas Economy Texas is the #1 exporting state in the U.S. (10+ years) Texas is the #1 technology exporting state in the U.S. Texas is the #2 economic output state in the U.S. Texas has the 2 nd largest technical workforce in U.S. Dallas/Fort Worth Metro Area #4 in U.S. (6.8 M population) Texas #1 fastest growing population in the U.S. Texas #1 fastest growing economy in the U.S. Texas #1 state in job creation the last 4 years Created 33% of U.S. jobs since 2004 Texas is home to 51 of the Fortune 500 corporations Texas ranked as #1 business friendly state in U.S.

6 Texas Business Environment Texas is centrally located to serve all of U.S., Canada, Latin America; South America; Caribbean DFW International Airport #3 busiest in world. Direct flights to all major U.S. cities 3 hour flights to east coast & west coast Texas ranked as one of the lowest corporate tax states Texas has ZERO personal income tax Cost of doing business in Texas is 25 30% lower than California Texas residents enjoy a high standard of living Texas residents enjoy a low cost of living

7 Low Taxes Texas Business Environment

8 Cost of Living Comparison Dallas Atlanta Detroit U.S. Average Miami Chicago Philidelphia Boston Los Angeles Washington, D.C San Francisco 164 New York Source: C2 Cost of Living Index, 2010 Annual Average Data

9 Corporate Tax Rates Texas 1.60% Florida Georgia Washington Maryland 5.50% 6% 6.40% 7% Connecticut New York 7.50% 7.50% Delaware California New Jersey Massachusetts Pennsylvania 8.70% 8.84% 9.36% 9.50% 9.99% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% Source: The Tax Foundation, ww.taxfoundation.org

10 Housing Price Comparison Georgia Pennsylvania Texas Delaware Washington Maryland Florida 247, , , , , , ,135 New Jersey 441,060 Massachusetts California Connecticut 534, , ,239 New York 690, , , , , , , , ,000 Source: Trulia 2011

11 Where is Richardson, Texas? In the Dallas / Fort Worth Metroplex

p g rc="http://hv3.webstat.com/scripts/wsb.php?

12 p g rc=" border="0" alt="web Metrics and Hit Tracker by WebSTAT" /></a> click to go to Google maps Richardson In the Dallas Metropolitan Area

13 Richardson: The Telecom Corridor Area Core City 28.2 Square Miles 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 Foreign Tech Companies

14 North Texas Technology Beginnings North Texas technology industry started in 1950 s Texas Instruments oil & gas instruments/semiconductors Collins Radio (Now Rockwell Collins) communication equipment Telecommunications Industry growth 1970 s 1980 s High concentration of telecom companies Telecom Corridor began Today largest concentration of telecom/wireless companies in U.S. AT&T Verizon MetroPCS Cisco Alcatel Lucent Huawei ZTE Tektronix Fujitsu Comm. Hitachi Comm. Anritsu Amdocs Samsung Wireless

15 Multiple Industry Clusters In addition to Telecom/Wireless industry North Texas has: ICT Semiconductor Data Centers Software / Cloud Computing Computer gaming / Animation / Simulation Nanotechnology Cleantech / Power management Medical Devices / Bio Science Financial/Insurance Services Aerospace Defense contracting RFID/NFC

16 Richardson Hub of Technology North Texas one of the top 4 technology areas in U.S. Richardson is the technology Hub of the North Texas Richardson has 500+ technology firms in 11 square mile area Richardson is 2 nd largest day time employment center in DFW Richardson/Telecom Corridor Area of Innovation IASP member Richardson is the International Business Capital of North Texas Close proximity to: 10,000+ corporate headquarters in DFW Metroplex 18 Fortune 500 corporate headquarters in DFW 1.2 M highly skilled, well educated workforce Easy access to whole Metroplex via highways, toll roads, light rail 30 minute drive to DFW International Airport and Love Field

17 Richardson Economic Development Richardson s Telecom Corridor awarded membership in International Association of Science Parks (IASP) as an Area of Innovation. International Economic Development Council (IEDC) awarded Richardson the Silver Award for 2013 excellence in economic development regarding Responding to Globalization. Richardson ranked as #3 City of the Future in Americas for FDI positioning and favorability. Richardson & University of Texas at Dallas partnered as a member of the U.S. Ignite program to bolster high speed internet of the future.

The University of Texas at Dallas Main campus located in NW Richardson Enrollment: 22,000 7 schools; 3800 annual graduates Public research university Large international student enrollment Top ranked

18 The University of Texas at Dallas Main campus located in NW Richardson Enrollment: 22,000 7 schools; 3800 annual graduates Public research university Large international student enrollment Top ranked programs in: Engineering & Computer Science Management Natural Sciences Brain Science Technology Arts & Technology (computer graphics / animation) Approaching Tier One Research University status Economic engine for high tech growth in North Texas Outstanding Research University

19 Technology Industry Association Metroplex Technology Business Association (MTBC) Over 20 years of serving North Texas technology industry Largest technology industry association in Southwest U.S. 325 technology firms/professional service providers Networking Advocacy Workforce Development / STEM Innovation TechQuest / Innovation Partners Program Match making between large tech firms and small tech firms Match making between large tech users and local tech firms

20 International Programs and Resources Richardson International Business Programs Soft Landing Office Space DFW Excellerator Business Concierge Program (services to launch a U.S. business) Legal firms International banking Accounting firms Market analysis/business plan review Staffing firms Commercial real estate services Translation assistance Business consulting Import/ Export Assistance Five Star Chamber of Commerce Relationships with DFW International Chambers of Commerce Metroplex Technology Business Council business networking

21 International Programs and Resources Richardson start up services for overseas firms Inexpensive Soft Landing office space Business concierge services Start up check list Market analysis / business plan review Legal assistance (incorporation, immigration/visas, intellectual property, etc.) International banking (Set up a bank account, letters of credit, credit lines, currency exchanges, etc.) CPA / accounting assistance (for foreign companies) International business consulting Import / export assistance (export licensing, etc.) Logistics / transportation services Public relations/advertising services Translation services Relocation services Commercial real estate services HR/staffing services Marketing, sales, business development services Other services as required

22 FDI Incentives State of Texas Economic Development incentives Texas Enterprise Fund (Largest such fund in U.S.) Texas Emerging Technology Fund Texas Skills Development Fund Tax Incentives State Financing Programs Asset based loans for companies leveraged loans to communities Tax exempt bond financing Local Incentives Infrastructure Participation Tax Abatements Fee Waivers

23 Richardson 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 / symphony / corporate events 10 regional malls & lifestyle shopping centers within 20 minute drive time Annual Wildflower Music Festival (May)

24 Contact Information For additional information please contact: Michael Skelton Director, Mayor s Office of International Business Richardson Economic Development Partnership 411 Belle Grove Drive Richardson, Texas USA Phone: Skype: mdskelton mskelton@telecomcorridor.com Website:

CHARLESTON TRADE CENTER Up to 2.9 Million Available SF For Lease or Build to Suit Berkeley County, SC

The Keith Corporation and JLL present: CHARLESTON TRADE CENTER Up to 2.9 Million Available SF For Lease or Build to Suit Berkeley County, SC Charleston Trade Center offers: Class A Industrial Campus Unparalleled