News and Press Releases

02/16/2012Frost & Sullivan Awards Entrepreneurial Company of the Year to Mavenir Systems
Richardson-based Mavenir systems received the prestigious Entrepreneurial Company of the Year award from industry analyst firm Frost & Sullivan for its outstanding practices in mobile messaging infrastructure throughout 2011.
02/15/2012Fossil tops 4Q profit forecast
Richardson-based Fossil Inc. reported a 22 percent increase in fourth-quarter profit and its fifth consecutive quarter of double-digit sales increases.
02/13/2012Wingstop reports gain in Super Sunday sales
Richardson-based Wingstop sold an estimated 5.6 million wings on Super Bowl Sunday, up 12 percent from last year, when North Texas hosted the big game.
02/05/2012Suburban Growth | The Cycle of Sprawl: The great beyond
Cheap land, good schools and other strengths have fueled an ear of suburban development in North Texas, spurring unprecedented job growth, prosperity and a high quality of life.
01/31/2012ACD Reports Record Sales for 2011
Leading Richardson, Texas-based supplier to the electronics industry ACD announced a 21 percent increase in sales over 2010. 2011 marks ACD's highest sales to date in the company's 27-year history.
01/30/2012Special Richardson Section of the Dallas Business Journal
The Dallas Business Journal published a special section focused solely on Richardson, Texas on January 20, 2012. Read the section here. 
01/20/2012Safety-Kleen relocation set
Safety-Kleen Systems Inc. plans to begin moving its headquarters and 300 North Texas corporate employees to Richardson from Plano in September. 
01/10/2012Fossil, Inc. to Acquire Skagen Designs, Ltd.
Fossil has entered into an agreement to acquire Danish accessory design company Skagen Designs, Ltd.
01/09/2012Wingstop Celebrates Banner 2011

Wingstop celebrated a groundbreaking year in 2011 – opening 34 new restaurants, including its 500th location in Brooklyn, N.Y. – and reaching more than eight years of consecutive same store sales increases.

01/06/2012Rackspace Cloud Will Expand in [Richardson]
Rackspace Hosting has leased a large chunk of data center space in Digital Realty Trust's huge Datacenter Park in Richardson, Texas to expand its growing cloud computing operation.
12/30/2011Fossil's new headquarters "Biggest Recycling Project" in DMN big stories in real estate
Fossil's new Richardson headquarters were named "Biggest Recycling Project" by the Dallas Morning News' big stories in real estate, 2011.
12/13/2011Connor Group buys 338-unit [Richardson] apartment complex
Centerville, Ohio-based The Connor Group purchased Arboretum Estates in Richardson, Texas, a 338-unit property, from Arboretum Estates LTD, a Texas limited partnership.
12/07/2011500th Wingstop to open
Seventeen years after its first restaurant, Richardson-based Wingstop is preparing to open its 500th location in Brooklyn, NY.
12/06/2011Richardson could see development from recent acquisition

John Jacobs tells the Dallas Business Journal how Richardson could see a development on 43 acres of prime undeveloped land, after a five-building property portfolio was acquired by KBS Stratgegic Opportunity REIT Inc. and JP-Richardson LLC.

12/05/2011Lennox Wins Top Manufacturing Award
The Lennox Industries facility in Stuttgart, Ark. received the top honor for Operational Excellence in the American Manufacturing Strategy Awards. The Richardson-based manufacturer of residential and commercial HVAC equipment beat out Proctor and Gamble and Sunny Delight Beverages Company for the manufacturing honor.
11/30/2011Wingstop secures $15 million for franchise lending

Richardson-based Wingstop Restaurants Inc. said it is offering $15 million in financing for new and existing franchisees.

11/28/2011KBS, JP Realty acquire Richardson office portfolio for $44.5M

KBS Strategic Opportunity REIT Inc. and JP-Richardson LLC, an affiliate of JP Realty Partners Ltd., have jointly bought a portfolio of five office buildings in Richardson for $44.5 million.


11/25/2011UTD adds support for startups
The University of Texas at Dallas has opened a business incubator to help commercialize technology researched at the school and to launch student-run startup companies.
11/24/2011EnTouch secures funding to expand
Richardson-based Entouch Controls Inc. plan to rougly double its 15-person staff in the next year after raising a $2 million round of venture financing.
11/17/2011Ericsson named a Thomson Reuters 2011 Top 100 Global Innovator

Ericsson this week was named a Thomson Reuters 2011 Top 100 Global Innovator, recognizing its achievements as one of the world’s most innovative companies. The program, an initiative issued by the IP Solutions business of Thomson Reuters, providers of intelligent intellectual property solutions and information, analyzes patent data and related metrics in a proprietary methodology to identify the most influential organizations globally.


11/16/2011MetroPCS' Linquist Takes Top Entrepreneur Award
President, CEO, and Chairman of Richardson-based MetroPCS Communications Roger Linquist has scored the top prize in the Ernst & Young National Entrepreneur Of The Year program. Linquist was named the winner of the Ernst & Young National Entrepreneur Of The Year 2011 Media, Entertainment and Communications Award, which recognized leaders for their efforts in building businesses.
11/14/2011Top Site Selection Factors: Available Buildings & Shovel-Ready Sites
John Jacobs, Senior Vice President for Economic Development at REDP, tells Area Development Online that as the economy begins to improve, the immediate availability of buildings is a top factor in site selection
11/14/2011For Second Year in a Row, Richardson Earns Gold Leadership Circle Award for Financial Transparency
The Texas Comptroller of Public Accounts has reaffirmed Richardson as a Gold member in the State Comptroller’s Leadership Circle Awards. The award recognizes Richardson for its efforts to make finances open and accessible.
11/07/2011Fossil 3rd-quarter net income rises
Richardson-based Fossil Inc. reported that third-quarter net income rose 2 percent, above Wall Street expectations, on strong global sales of watches and leather goods. Net income rose 2.1 percent to $69.6 million, or $1.09 per share, from $68.2 million, or $1 per share. Revenue rose 22.7 percent to $642.9 million from $523.8 million last year.
11/03/2011Legacy-GID JV Sells 285-Unit Venue to Amli
Legacy Partners Residential Development and Boston-based General Investment & Development Cos. have sold the 285-unit Venue in Richardson to Amli Residential.
10/31/2011Verizon to Hold Nov. 10 Recycling Rally in Richardson; Urges Area Residents, Employees to Go Green

Verizon will collect unwanted electronics and other material for recycling at their Richardson campus on Nov. 10. This Recycling Rally -- which is free and open to the public -- is part of Verizon's commitment to protect and preserve the environment by enabling the public to be green at work and at home.

10/30/2011Franklin Street Properties Buys AT&T Building in Richardson
Massachusetts-based Franklin Street Properties Corp. has acquired the AT&T Services Building at 1410 Renner Road in Richardson. The 122,300-square-foot office facility is fully leased to AT&T Services, a subsidiary of AT&T Inc.
10/27/2011Freese and Nichols moving to bigger spot
Freese and Nichols Inc. - an engineering, architecture and environmental services firm - will double its office space in Richardson to meet increased demand for the firm's natural gas and oil pipeline services. 
10/19/20113Q Brings Office Absorption Gains
According to the research team at Grubb & Ellis Co., Dallas-Fort Worth office absorbed about 736,000 square feet of office space in the third quarter of 2011, more than half of the year’s total of 1.4 million square feet. The gains were largely felt in the Richardson/Plano/Allen sub-market.
10/11/2011Economist cites Top 10 Texas events, includes Telecom Corridor
Texas economist Ray Perryman shares his Top 10 list of Texas events that had the biggest impact on economic development. Among the events is the development of Richardson's Telecom Corridor.
10/11/2011ACD Continues Growth Strategy with Record Q3
ACD, a leading supplier to the electronics industry based in Richardson, Texas, announces a record Q3 2011.
10/10/2011OraMetrix Makes Inc. Magazine's Exclusive List of America's Fastest Growing Companies
Inc. magazine ranked Richardson-based OraMetrix #2,003 overall and #163 in the health sector on its 29th annual Inc. 500/5000 list, an exclusive ranking of the nation's fastest-growing private companies.
10/07/2011New Names for UT Dallas Management School, Management Honors Program Recognize Record Alumni Gifts

The University of Texas at Dallas joins the ranks of named business schools across the nation in honor of the generosity of three alumni who contributed an unprecedented combined gift of $30 million. The School of Management will now be known as the Naveen Jindal School of Management.  The Management Honors Program will be known as the Charles and Nancy Davidson Honors Program.

10/04/2011Wingstop Sales Up 5.6 Percent in Third Quarter
Wingstop’s same store sales for the third quarter are up 5.6 percent over the same quarter last year, and up 4.7 percent for the year-to-date, marking more than eight consecutive years of positive sales for the brand.
10/04/2011Texas is second in both tech jobs, tech job losses
Texas maintained its rank as the second-largest state for high-high tech employment in 2010, behind California. Although Texas also lost tech jobs last year, the state added 1,900 jobs in the field of computer systems design and related services and 300 positions in engineering services.
10/01/2011Methodist Health System Acquires Richardson Hospital Authority (RHA)
Methodist Health System has purchased the hospital facilities currently owned by Richardson Hospital Authority (RHA) effective October 1, 2011.
09/28/2011Original DART charter board member “Mr. Richardson” steps down

Raymond D. Noah, who has been on the DART board since its inception in 1983, is stepping down. Long before the grand opening of light rail service to Richardson in 2002, Noah worked with city and business leaders to make DART's Galatyn Park Station the gateway to the Galatyn Park retail and residential development.

09/28/2011University Marks Campus Growth in Twin Ceremonies
A crowd gathered at UT Dallas on September 28 to celebrate two more milestones in campus growth: the official start of construction on the new Arts and Technology building and the successful opening of the Visitor Center and University Bookstore.
09/26/2011D-FW office leasing pulls ahead in recent months
The Dallas-Fort Worth office market has seen a surge in the last three months, with net leasing up by more than a half million square feet since mid year. Most of the jump in office space demand has come in the Uptown, Telecom Corridor and West Plano business districts.
09/23/2011FireHost lands $10M investment
FireHost, a Richardson supplier of secure Web-hosting services, has landed a $10 million investment which will be partly used to expand into Europe.
09/13/2011Benning Power Electronics to Celebrate Inauguration of New North American Headquarters
Benning Power Electronics, Inc., a Richardson, Texas-based designer and manufacturer of power conversion systems celebrated its new North American headquarters with a ribbon cutting ceremony and guided tours of the 68,000-square-foot manufacturing facility. 
09/06/2011Flexjet renews lease in Richardson
Flexjet has renewed its lease for 10 years at its Richardson headquarters, citing economics and employee satisfaction with the office at 3400 Waterview Parkway.
08/23/2011Telecom Corridor to get an addition
Stream Data Centers - which just sold its new Richardson data center building - is about to break ground for an even larger project in the Telecom Corridor.
08/22/2011Comets Landing: New Students Arrive at UT Dallas
UT Dallas is expected to break several records this fall, including a new total student enrollment number, according to John Walls, associate vice president for communications. 
08/08/2011Transit-Oriented Development Activity in Richardson
A look at three of Richardson's Light Rail Stations and the redevelopment activities that has been completed or is being planned.
08/07/2011Richardson Restaurant and Retail Update
As of August 2011, 20 new restaurants have opened or expanded in Richardson this year as they continue to take advantage of strong business activity and several new and remodeled centers within the city.
08/05/2011Richardson 2011 Business Relocations/Expansions Already Double 2010’s Impact

Just halfway through 2011, the jobs and occupancy resulting from Richardson business relocations and expansions are more than double last year’s totals. Through June, 24 completed projects reported by the REDP involve 5,174 new or retained jobs (versus 1,918 in 2010) and the occupancy of 1,334,728 square feet of non-retail commercial space (versus 631,032 in 2010). 

08/03/20112nd Quarter Commercial Real Estate Data
2nd quarter commercial real estate data for Richardson, Texas.
 
08/01/2011Who is Hiring in Richardson?

A list of local Richardson companies and organizations that had booths at the recent job fair and are currently hiring.

08/01/2011City has tradition with international companies
Richardson's international business history goes back to the 1980's, when U.S. telecom markets were deregulated, & world beat a path to the Telecom Corridor area.
07/16/2011AMX Announces Acquisition of SchoolView Technologies
AMX, the Richardson-based leading provider of solutions that simplify the implementation, maintenance, and use of technology to create effective environments, announced today the acquisition of SchoolView Technologies, LLC., a Plano, Texas based company specializing in building comprehensive software that consolidates management and control of diverse school technologies at the district, buildling and classroom level, on a single, comprehensive platform.unces Acquisition of SchoolView Technologies
07/12/2011Mike Skelton Named VP for International Business Development
The Richardson Economic Development Partnership hired Michael Skelton to run its new International Business Development program.
07/06/2011Web Host ViaWest to Open Data Center in Richardson, Texas
West hosting provider ViaWest has announced it will hold its grand opening of its new 85,000 square foot data center, Synergy Park, located in Richardson Texas, on July 19th through 20th.
07/02/2011Developer KDC buys Fossil buildings in Richardson
Developer KDC has bought three commercial and office buildings currently occupied by Fossil, Inc. in Richardson, TX. 460,000 square feet of space will be available for rent after Fossil moves out later this year to its new headquarters on North Central Expressway.
06/29/2011Digital Realty Trust Buys Remaining Interest in Datacenter Park Dallas for $53.2M
Digital Realty Trust, Inc. has acquired the remaining interest in Datacenter Park in Richardson for $53.2 million. The Datacenter Park consists of seven buildings totaling 797,000 square feet, ranging in size from 15,000 square feet to 250,000 square feet.
06/25/2011Ericsson Leases 460,000 Square Feet at Former Nortel Campus
Just a few weeks after closing on its $43 million acquisition of the former Nortel campus in Richardson, Pillar Commercial has leased 460,000 square feet in the two-building complex to Ericssson. 
06/17/2011Regional Cooperation is critical to continued success
Bill Sproull, President and CEO of the Richardson Economic Development Partnership, writes about how North Texas communities should prioritize allocating resources to bring companies to our region, instead of competing against neighboring cities.
 
 
06/15/201145 Employers at Richardson's Third Annual Job Fair

The Richardson Chamber of Commerce in partnership with Workforce Solutions of Greater Dallas and Richland College held its annual job fair in June 2011 with 45 employers ready to hire workers in a variety of industries.

06/12/2011Manny Ybarra: Why We Bought the Nortel Campus
Manny Ybarra, President of Pillar Commercial, explains why he purchased the former Nortel campus in Richardson's Telecom Corridor.
05/30/2011250 New Jobs Coming to Richardson, Texas as Operator of Largest Private Medicare Exchange, Extend Health, Opens Second Service Center
Extend Health, Inc., which operates the largest private Medicare exchange in the country, today announced that it will open a second service center that will employ up to 250 people in Richardson. The new service center is expected to open in July 2011. 
05/24/2011Nortel Networks Richardson HQ purchased by Pillar
Dallas-based Pillar Commercial announced Tuesday, May 24 that it is acquiring the former Nortel Network campus on Lakeside Blvd. in Richardson, Texas for $43.1 million.
04/12/2011City receives Highest Credit Rating AGAIN!
City of Richardson Receives Highest Credit Rating from Moody's and S&P for the 4th year in a row rating the city among the most secure in the nation.
03/22/2011Fossil selects 901 Central complex for new HQ
KDC announces that Fossil, Inc., the Richardson-based watch and fashion accesory company will consolidate its 1,100 employers to 901 Central complex, the 535,000 SF former HQ of Blue Cross and Blue Shield of Texas.
03/15/2011VCE, Major Cloud Computing Company, Establishes HQ and Expansion in Richardson
VCE, Major Cloud Computing Company, Establishes HQ and Expansion in Richardson
03/09/2011UT Dallas Makes Princeton Review's Top 10 Schools for Video Game Design
UT Dallas was named to the "Top 10 Schools for Video Game Design" for 2011 by The Princeton Review in conjuction with GamePro magazine for its innovative Arts and Technology graduate program.
03/08/2011Initiatives to Strengthen City's International Ties
City and Chamber are creating the Mayor's Office for International Business and the Chamber will add a new International Director's position to implement an international marketing and export assistance strategy.
02/16/2011Richardson-based Fossil keeps growing and needs more office space

Fossil Inc. doubled its annual sales in five years, hitting $2 billion for first time in 2010. Now the Richardson-based fashion watch and accessories maker says it needs more office space to accommodate future growth.

02/15/2011Telecom gearmakers set for ’11
Dallas’ AT&T Inc. and Verizon Communications Inc. say they might spend a total of $35.5 billion on capital projects in 2011, a drop from the companies’ combined spending of nearly $36.8 billion in 2010.
02/07/2011Data Centers Are a Growing, Lucrative Business Cluster for Richardson

Cloud Computing is an industry buzzword that also describes a growing business technology cluster in Richardson. The city is currently host to nine company or operator owned data centers, with five more planned or under construction.

02/04/2011Marriott Spring Hill Suites

Ground is being cleared to make way for a new Marriott Spring Hill Suites on the east side of President George Bush Turnpike at Breckinridge Blvd.

02/03/2011New Whataburger at South Plano Road

Whataburger unveiled their latest prototype...

01/24/2011VCE Coalition & Acadia combined and renamed
VCE Coalition and Acadia combined and renamed VCE, The Virtual Computing Enviroment Company
 
VCE Advances Goal of Simplifying IT Delivery through Converged Infrastructure and Ease of
Doing Business; Validated by Growing Partner and Customer Base
 
The VCE Coalition and Acadia have combined into a single entity renamed VCE, The Virtual Computing Environment Company (VCE). This move advances VCE’s ability to simplify the way it does business in the converged infrastructure market – a market projected to be tens of billions of dollars within the next several years.
01/21/2011Legendary Video Gaming Company Chooses Richardson

id Software LLC, part of the ZeniMax Media Inc. family of companies, selected Collins Crossing, 1500 N. Greenville Avenue, for its new headquarters, with 57,000 square feet and two floors. The company will bring 250 employees to Richardson in spring 2011. 

01/21/2011Restaurant and Retail Update

The trend continues. For years, Richardson has been attracting 20-25 new restaurants every year. In 2010, more than 25 new dining venues either opened or announced that they were coming to the city.

01/21/2011Richardson’s Expansion, Relocation and Retention Projects for 2010

Richardson can look back on 2010 with a sense of overall positive economic growth and a resurgence of activity across all of its technology-based companies. Despite uncertainty and volatility in the national economy, Richardson recorded 28 expansion, relocation, start-up and retention projects. The result was 1,918 new or retained jobs and the occupancy of 560,483 square feet of office and flex space.

01/21/2011TriQuint Adds Jobs, Invests in Richardson Plant

In response to growing demand for its communications semiconductors, TriQuint Semiconductor is boosting its head count at their Richardson plant by 31% this year and plans to invest $100 million in new equipment at the plant in the next five years.

TriQuint Semiconductor Inc., which is based in Hillsboro, Ore., the company’s Richardson staff should number close to 700, officials said.

01/21/2011Real Estate Data
REDP's real estate information source, CoStar Group, shows the following
data on Richardson's Class A office, Class B/C office, and Flex and Industrial buildings*:
  • Class A Office Data - Jan. 2011
  • Class B/C Office Data - Jan. 2011
  • Flex Space Data - Jan.2011
  • Industrial Space Data - Jan. 2011
01/21/2011Richardson Mayor Gary Slagel Delivers State of the City Address

This event was held on Wednesday, January 26, 2011, at 5:30 p.m. at the Eisemann Center. You can click here to watch the event live or on Time Warner Cable channel 16 or AT&T U-Verse channel 99.

01/20/2011SSG Expanding in Richardson

SSG Limited, located in Richardson at 801 East Campbell Rd has recently expanded
 it's 6,680 square feet by an additional 1,683 square feet.

01/19/2011Moody’s Joins S&P In Assigning Richardson “Triple A” Bond Rating

As part of Moody’s recalibration of all municipal ratings to their global rating scale, the city of Richardson’s bond rating with the agency has changed from “Aa1” to “AAA”. AAA is the highest rating category assigned by Moody’s.

With this rating, along with the city’s rating of “AAA” by Standard & Poor’s, the City of Richardson has the highest ratings assigned by both rating agencies.

01/16/2011REDP Launches a New Web Site

The Richardson ED Partnership launched a brand new website with special features to assist site selection consultants, commercial real estate brokers, entrepreneurs and local businesses.

01/15/2011How the Dallas-Fort Worth Tech Sector Has Roared Back
"The region's strength is second only to California's Silicon Valley."

The Dallas-Fort Worth area is one of the most significant high-tech business centers in the United States, with several global leadership brands. With about 3,000 technology companies and nearly 230,000 high-tech employees, DFW is arguably the second-largest technology business center in the country, behind California’s Silicon Valley.
01/08/2011Ex-Nortel headquarters for sale
One of the biggest suburban office campuses in the Dallas area is up for grabs.
Real estate brokers at CB Richard Ellis have been hired to market the more than 800,000-square-foot former Nortel headquarters on North Central Expressway in Richardson.
01/08/2011Samsung sees a bright future in smart phones, tablet computers
LAS VEGAS – Out of its offices in Richardson, Samsung is designing and creating the smart phones and tablets that mobile users around the world are using.
But it's also dreaming up the wireless devices that won't show up on store shelves for two or three years.
The pace of mobile innovation has come at a breakneck pace in the past several years.
01/04/2011AirWalk Communications Lands $10 million in Venture Funding

AirWalk Communications Inc. landed $10 million to close out a $40 million second round of venture funding, furthering plans to grow its 55-person staff by 80% next year. AirWalk will be developing new products and growing its customer base into China, India, Japan and Latin America. The Richardson business, which produces equipment that expands the range of wireless networks, will hire hardware and software engineers, sales engineers, salespeople and support staff.
11/29/2010National Night Out

An outstanding show of support from Richardson residents has put the city at the top of the recognition list for last month’s National Night Out event.
The National Association of Town Watch awarded Richardson 1st place for the 2010 National Night Out competition, which showcases citizen participation between police departments and the communities they serve.

11/29/2010RISD Recognized For Academic And Financial Excellence
Education Resource Group (ERG), a company that evaluates academic performance and financial management data for all school districts in Texas, has released its 2008-09 Best Practice Awards and Richardson ISD tops the list among districts in the state on the Academic Performance Index.
11/28/2010id Software Moves HQ to Richardson
Mesquite-based Id Software LLC and its parent company, ZeniMax Media, have leased 57.100 square feet of office space on two floors of the Collin Crossing building at 1500 N. Greenville Ave. in Richardson.  Id Software is a computer gaming firm that was founded in 1991.
11/15/2010Richardson Businesses Honored at Annual Business and Industry Luncheon
Seven Richardson businesses and organizations and two individuals received awards on Thursday, November 11, for the economic impact they have had in Richardson.  Award recipients were recognized at the annual Business and Industry Awards Luncheon, an event that began in 1987, and held by the Richardson Chamber of Commerce in conjunction with Richardson Rotary clubs.  The purpose of the awards luncheon is to thank local businesses and organizations for creating jobs, building facilities, paying taxes and contributing to the local economy.  The Rotary Clubs presented two annual awards: the Service Above Self award and the Ethnics award.
10/14/2010Chipmaker in Richardson adds jobs, output
In response to growing demand for its communications semiconductors, a Pacific Northwest company is boosting its head count at a Richardson factory by about 31 percent this year and plans to invest $100 million in new equipment at the plant in the next five years.
10/10/2010Two Minutes with Hank Mulvihill, Mulvihill Asset Management

Hank Mulvihill loves asset management, and he’s been doing it since 1987, when he started with Merrill Lynch & Co. Inc. In 1995, after a transition to Alex. Brown & Sons Inc., Mulvihill struck out on his own and started Richardson-based Mulvihill Asset Management. The firm offers fee-based advisers focused on personal service and attention to portfolios and multigenerational estate and asset allocation planning. The firm is small, with just two licensed advisers and two other full-time staff members, but gets work done by outsourcing to Charles Schwab. Mulvihill sees a tremendous growth opportunity in today’s economy and expects to expand the company over the next five years to 25 advisers with offices in major Texas cities, Colorado and Southern California.

06/20/2010Work to start on Richardson retail project
Construction is set to start next week on a $10 million, 32,000-square-foot retail center in Richardson that will contain an Ebby Halliday Realtors office and a Four Sisters Cafe.
06/16/2010Mavenir Systems raises $13.5 million
Mavenir Systems Inc., a maker of telecom equipment, has landed $13.5 million in a fourth round of funding, according to a Securities and Exchange Commission filing.
05/12/2010Hill & Wilkinson shifting HQ to Richardson
Hill & Wilkinson is planning to move its corporate headquarters from Plano to Richardson, where the general contractor has inked a 27,000-square-foot lease.
04/19/2010Moody’s Joins S&P In Assigning Richardson “Triple A” Bond Rating
As part of Moody’s recalibration of all municipal ratings to their global rating scale, the City of Richardson’s bond rating with the agency has changed from “Aa1” to “Aaa”. Aaa is the highest rating category assigned by Moody’s.
04/07/2010Texas Instruments expanding its Richardson Wafer Fab
Texas Instruments is launching the second phase of an expansion of its Richardson chip factory, giving it the potential to generate an additional $1 billion in revenue annually.
01/12/2010Blue Cross Blue Shield Workers Start to Fill New Headquarters
The first of the health insurer's employees began setting up shop last week in a new $265 million headquarters in Richardson.
The 1-million-square-foot high-rise development on North Central Expressway at Glenville Drive is one of the biggest office projects to open in North Texas in years.
 
by STEVE BROWN / The Dallas Morning News 
01/11/2010University of Texas at Dallas Starts Up Masters in Entrepreneurship
The University of Texas at Dallas kicks off a master's degree in entrepreneurship this week, making it the first state college in Texas to offer such a program.
 
By SHERYL JEAN / The Dallas Morning News  
 
11/22/2009Paragon Innovations plans Richardson move
Paragon Innovations Inc. has bought a building in Richardson to move its corporate headquarters into in the first quarter of 2010.
 
Dallas Business Journal - by Bill Hethcock Staff Writer 
09/15/2009TI opens world’s most advanced analog manufacturing facility in Richardson
RICHARDSON, TEXAS September 29 /PRNewswire/—Texas Instruments Incorporated (TI) (NYSE:TXN) announced today the opening of its manufacturing facility in Richardson, Texas. The company expects to begin moving equipment into the facility in October.
09/10/2009Richardson industrial campus getting a makeover
A Richardson industrial campus is getting a makeover that will turn it into one of the region's largest data and telecommunications complexes.
By STEVE BROWN / The Dallas Morning News  
08/26/2009Investors buy key building site next to Richardson DART station
Parliament Group, a Dallas real estate investment firm, has acquired a prime 220-acre site adjacent to DART's rail stop in Richardson.
By STEVE BROWN / The Dallas Morning News
08/20/2009Hitachi opens "4G" facility in Richardson
Hitachi Communication Technologies America Inc. has opened a new facility in Richardson’s Telecom Corridor. The operation will focus on developing network infrastructure support for what's known as the fourth generation of mobile communications, or "4G."
 
Dallas Business Journal 
07/25/2009Richardson One of 15 Government-Heavy (and Recession-Resistant) Cities
It's been said that if there's one type of job that's recession proof, it's a government job. After all, spending by federal and state governments tends to go up in recessions, and that's been especially true with President Obama's stimulus response. But it's not exactly true that government jobs are recession proof. Government employment growth has slowed to a trickle: According to the Bureau of Labor Statistics, government employment has added an average of about 5,000 workers a month over the past year. In June, the government sector actually lost 52,000 jobs.
 
U.S. News & World Report
07/06/2009AT&T signs lease for Richardson building
The Dallas-based communications giant is renting more than 200,000 square feet of space – all of the seven-story building at 2270 Lakeside Blvd. just east of North Central Expressway.

By STEVE BROWN / The Dallas Morning News

03/24/2009G Systems moving its offices from Plano to Richardson
G Systems has leased office space in Richardson for its headquarters.
Laughlin Commercial Realty Group said that the engineering services and systems company leased 17,000 square feet of office space at 1240 East Campbell Road from Kennington Capital. The company was previously located in Plano.
 
By STEVE BROWN / The Dallas Morning News 
02/06/2009Richardson nabs Texas Capital
The Dallas-based bank signed an 11-year lease for 80,000 square feet at 2350 Lakeside Blvd. ­— one of the largest office leases in the city in more than a year. Texas Capital plans to move into the space in early June.

Dallas Business Journal - by Bill Hethcock Staff writer
01/14/2009Fujitsu Adds to Richardson Facility
Fujitsu Network Communications, a leading supplier of innovative optical and wireless networking solutions, today announced an expansion of existing laboratory facilities at their Richardson headquarters to support next-generation wireless technologies, including Long Term Evolution (LTE).
01/11/2009Richardson Emerging stronger by learning from experience
As the national recession sets in across the land in 2009, there are still a number of bright spots in North Texas, particularly in Richardson. What has made Richardson resilient to economic stress is our recovery from the 2001 tech downturn. Learning from that experience, Richardson emerged stronger, more diversified and better positioned to handle the current economic crisis. Now, ironically, the technology companies are among our brightest performers.
11/08/2008Richardson Second In State As "Best Place to Raise Your Kids"
BusinessWeek magazine recently ranked the City of Richardson second in the state of Texas as the best, most affordable place to raise children. The magazine partnered with OnBoard Informatics, a Manhattan-based provider of real estate analysis, to determine each state’s best affordable cities for raising children.
10/19/2008REDP Receives Honorable Mention at Economic Development Conference
Acknowledging the Richardson Economic Development Partnership (REDP) for its innovative entrepreneurship-based program, the International Economic Development Council (IEDC) recognized the Richardson, Texas-based entity with an Honorable Mention at IEDC's Annual Conference, which took place in Atlanta, Georgia, October 19-22. The organization was noticed for this achievement during an awards ceremony on Tuesday, October 21st.
10/04/2008Richardson Regional Medical Center Expansion of Bush/Renner Campus
Richardson Regional Medical Center has opened the Bush/Renner Campus’ new cancer center and outpatient hospital.
 
Collin County Business Press-October 6, 2008
08/31/2008Vertex Outsourcing Sets Up U.S. Headquarters in Richardson
Vertex Outsourcing has leased office space in Richardson, where it will set up its U.S. corporate headquarters, employing about 220.
Dallas Business Journal - by Bill Hethcock Staff Writer 
08/29/2008Fed's Lastest Survey: Texas Economy Stronger Than Most
Despite a tighter labor market, elevating commodity and fuel prices and sluggish retail sales, the Texas business sector remains stronger than most other parts of the country, according to the Federal Reserve’s latest Beige Book survey for the Dallas district.
Fed's Lastest Survey: Texas Economy Stronger Than Most
07/19/2008Sprouts Farmers Market Sprouting in Richardson
The Richardson Chamber and City Officials helped celebrate the opening of the new Sprouts Farmers Market with a Grand Opening Ribbon Cutting Ceremony on Wednesday, July 23rd.
07/08/2008Fujitsu Expands Manufacturing Capacity in North Texas
Fujitsu Network Communications, a leading supplier of innovative optical and wireless networking solutions, announced today that they are expanding manufacturing capacity at their Richardson, Texas, headquarters.
06/22/2008Promenade Shopping Center Sold
A Houston investor has made its first North Texas shopping center buy.  A partnership set up by Hartman Management acquired the Promenade shopping center in Richardson.
06/20/2008TI Foundation Donates $500,000 to Eisemann Center
Texas Instruments Foundation donated $500,000 to the Eisemann Center to help fund the second phase of capital projects at the Richardson performing arts center.
05/17/2008UTD Technology Program to Link Faculty and Students to Entrepreneurial Resources
UT Dallas is reinventing how it commercializes its intellectual property by establishing an office to help researchers create companies and move their inventions from the lab to the marketplace.
04/29/2008Richardson 1 of 4 Texas Communities with AAA Bond Rating
Standard & Poor's Rating Services has upgraded the standard long-term bond rating and underlying bond ratings for Richardson's general obligation debt to AAA from the previous rating of AA+, the city has announced.
04/19/2008Fujitsu Transaction Solutions Moves HQ to Richardson
Fujitsu Transaction Solutions Inc., a leading global technology solutions provider to specialty and grocery retailers, will relocate its North American headquarters to the Fujitsu campus in Richardson, Texas.
04/17/2008REDP Recognized by TEDC for Excellence
Repeatedly recognized as a premier economic development organization, the Richardson Economic Development Partnership (REDP) was one of twenty-two organizations in the state of Texas who received the 2007 Economic Excellence award by the Texas Economic Development Council.

 

04/08/2008Korean Tech Companies Eye UTD Consortium
As many as five South Korean technology companies could open branch offices in Texas to be close to a $14.4 million, public-private research consortium centered at the University of Texas at Dallas.

Dallas Business Journal - by Jeff Bounds Staff Writer 
03/24/2008Eastside Brings Urban Town Center to Richardson
Richardson’s famed “Telecom Corridor” is in the midst of revitalization as the first new apartments, shops and restaurants near opening at Eastside, a new 14.8 acre mixed-use development. Eastside is transforming an existing office building and parking lot into a live-work-play destination for urban living along US-75 and the DART line.
03/23/2008Dutch Company Opens U.S. HQ in Richardson
With amateur shutterbugs turning increasingly to digital cameras, a fast-growing Netherlands-based digital photo printer is expanding into the United States with a U.S. subsidiary, Photofun Inc.
 
Dallas Business Journal - by Margaret Allen Staff Writer
03/09/2008Construction to start soon on Brick Row

Developers are kicking off construction on what will be one of the most ambitious redevelopments yet in Richardson. 

The Brick Row residential and commercial project will build an entire neighborhood of apartments, shops and townhouses adjacent to an existing light-rail station.

By STEVE BROWN / The Dallas Morning News
stevebrown@dallasnews.com
02/07/2008TI Foundation Announces Grant to Inspire Future Innovators
The Texas Instruments Foundation has established a $332,400 grant over a three-year period to create a TI Science & Technology Innovation Fund. The fund, announced Wednesday, will support innovation and entrepreneurial development camps for high school juniors and seniors to increase interest in science and technology careers.
01/23/2008Rockwell Collins Expansion Announced by Governor Perry
AUSTIN – Gov. Rick Perry today announced a $1.67 million Texas Enterprise Fund (TEF) award to Rockwell Collins Inc. to expand their operations in Texas. The company will lease 90,000 square feet of space to accommodate growth at its facility in Richardson, create 334 new, high-paying jobs and invest more than $6.7 million in machinery and equipment for the new building.
03/22/0211Fossil Leases 901 Central complex
KDC announces that Fossil will lease 901 Central
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