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  4. Chips, Education and IT Services Dominate Richardsons 2019 Economic Development Results

Chips, Education and IT Services Dominate Richardsons 2019 Economic Development Results

February 11, 2020

by John Jacobs, Executive Vice President

 
In 2019, 31 expansion and relocation projects yielded Richardson 701,585 square feet of office leases, 383,849 square feet of flex leases, and a new 870,000 square foot semiconductor. All together, those projects are expected to result in 3,108 new Richardson jobs and 634 retained Richardson jobs.

The jewel of course was the TI fab, being referred to as R-Fab II for which the construction and equipment costs could total $3 billion. TI has already begun construction of a structured parking garage which will be necessitated by the nearly 500 jobs the new fab will bring. As with R-Fab I, TI will attempt to time the completion of R-Fab II to coincide with the market demand for its production capacity.

On the education front, West Coast University (WCU), a premier private educational institution for the nursing profession, purchased from KDC the 136,000 square foot former CitiCorp/Fossil building at 2323 N. Central Expy. WCU will be moving its Dallas campus from its current Stemmons Fwy. location in Dallas this fall. A number of big Dallas area hospitals are big fans of WCU, which supplies about 20% of all the nurses in the state of California where its headquarters are located. The new campus will be able to accommodate about 800 nursing students.

In the IT services arena, DXC Technology, which had its roots in Ross Perot’s EDS before it was acquired by Hewlett-Packard then spun out as a separate company several years ago, has made its new home in Richardson, becoming the largest tenant at the new 3400 N. Central Expy. building.

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Richardson, Texas is a vibrant and diversified business community, strategically located in one of the brightest economic regions in the world the Dallas/Fort Worth Metroplex. Whether your company seeks the latest technological breakthrough, provides the highest level of financial service or thrives upon the synergy of a great business and research university, Richardson is where excellence is the expectation.
Richardson Economic Development Partnership
411 Belle Grove Dr., Richardson, TX 75080
Phone: (972) 792-2800
Email: info@telecomcorridor.com
  • Living and Working In Richardson
    • Living and Working In Richardson
    • Arts and Culture
    • Climate
    • Cost of Living
    • Healthcare
    • Housing
    • Recreation and Entertainment
  • Entrepreneurship & Small Business
    • Entrepreneurship & Small Business
    • Entrepreneurial Resources
      • Richardson Small Business Resource Guide
      • Richardson EDP Services
      • Richardson Ecosystem for Entrepreneurs
      • Startup Resources
    • Local Purchasing Offices
  • Site Selection
    • Site Selection
    • Business Climate
    • Expansion/Relocation Assistance
    • Incentives
      • Local Incentives
      • State Incentives
    • Industry Clusters
      • Software
      • Financial Services
      • HQ
      • Telecom
      • Semiconductor
      • Defense and Aerospace
      • R&D
    • Real Estate Market Overview
    • Incentive Application
  • Community Data
    • Community Data
    • Community Profile
    • Demographics
    • Education
    • Transportation
    • Government
    • Tax Rates
    • Utilities
    • Workforce
    • Major Employers
    • Retail Development
    • Map Room
  • International
    • International
    • International Soft Landing Services
    • International Business Alliances
    • Export Assistance
    • International FAQs
    • International News and Events
    • Why Richardson
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      • Spanish
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      • German
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    • Videos & Resource Materials
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  • Why Richardson
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