DALLAS—Texas is attractive to many companies due to its absence of state income tax. And, for tech companies, Austin has long been the golden child, but Dallas-Fort Worth has slowly been cultivating a lively startup community. Its strong entrepreneurial spirit and growing walkable community have generated a sizable tech presence in recent years, says JLL.
But that hasn't always been the case. In the 1950s, telecom companies, Texas Instruments and Collins Radio (later Rockwell Collins), formed the first Telecom Corridor in Dallas, but the city was still widely recognized for its oil, gas, banking and real estate markets.
After losing tech talent and tenants to other second-tier tech hubs, the city and local stakeholders worked to reverse the flight to bigger markets. Area accelerators, universities, corporations and nonprofits began engaging with the tech community to connect entrepreneurs and investors, elevate innovative ideas and entice talent to call Dallas home, says the JLL analysis.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
