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Business Climate

There’s a reason Texas is widely considered the best state for business. Our business climate and highly talented workforce continue to lure new industries to our state, making us one of the largest economies in the country and the 12th largest economy in the world by GDP. More people move to Texas every day than any other state in the country.

Key attributes of the DFW region:

  • Affordable real estate (both commercial and residential)
  • Well-qualified and plentiful workforce
  • Pro-business environment
  • Highly accessible transportation (freeways, tollways, air, rail) with 4 existing light-rail stops in Richardson and 2 new rails by 2022
  • Reliable, high-capacity utilities
  • Superb quality of life for people of all ages and ethnicities
  • Abundance of sports and recreational venues/events, music, arts and cultural amenities

Cost of Doing Business* in Select Cities (100 = U.S. Average)

City Cost
New York 221.3
San Francisco 159.9
Boston 140.1
Portland 119.1
Chicago 117.4
Houston 99.0
Phoenix 97.3
Orlando 95.9
Dallas 95.7

Source: C2ER

Economic Strength

For the 13th year in a row, both Standard & Poor’s and Moody’s credit rating agencies have reaffirmed Richardson’s “Triple A” status, the highest possible rating available for credit worthiness. Richardson has held AAA status from Standard & Poor’s for 15 years now, and this is the 13th year in a row the City has received an Aaa rating from Moody’s. For more information, visit the City's website.

Site Selection
  • Site Selection
  • Business Climate
  • Expansion/Relocation
  • Industry Clusters
  • Incentives
  • Richardson IQ®
  • Richardson Co-Working Spaces & Executive Suites
Contact Us
City of Richardson Economic Development Department
1302 E. Collins Blvd.
Richardson, TX 75081
Phone: 972-744-4207
Email: economicdevelopment@cor.gov
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RELATED SITES
City of Richardson
Richardson Chamber of Commerce
RichardsonIQ®
Richardson Core District
Tech Titans
Richardson ISD
Plano ISD
Dallas College - Richland Campus
University of Texas at Dallas
Global Development Initiative

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