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Migration of Tech Companies in Dallas Leads to Growing Suburban Residential Communities

Posted on: November 3, 2021

The growth of residential communities in the suburbs of Dallas/ Fort Worth has been on the rise, coinciding with the migration of young IT and engineering professionals. Thanks to a migration of tech companies in Dallas, the area has seen an 8.6% increase in migration of software and IT workers within the past year, earning the ranking of third Top Engineer Hub nationally. Just 20 minutes from Dallas, the new master planned community of Wildcat Ranch has emerged as a community of choice for many young professionals who are joining the area’s tech revolution.

Current Tech Companies in Dallas

Dallas/Fort Worth is home to several established tech giants. As a matter of fact, the region is home to 23 Fortune 500 companies, the most of any Texas metro. From American and Southwest Airlines to telecommunications giant AT&T, there are many national and international-based companies that call this region their home. Other notable companies in the area include Texas Instruments, Celanese, Energy Transfer and Jacobs Engineering.

Setting the Stage for Business Growth

When more tech companies choose to move their headquarters, it also moves a wealth of industry specific and supporting jobs with it. According to the U.S. Bureau of Labor, Dallas/Fort Worth outpaced the national average of 4.4% with a 5.4% increase rate of job growth last year. This year alone, six tech-focused companies announced their plans to relocate their headquarters within the region. Companies like Bestow, Xcelerate Auto, and the Texas Blockchain Council have all moved headquarters from other parts of Texas to be more centrally located within downtown Dallas. Three other out-of-state companies reliant on engineering talent have relocated to Dallas/Fort Worth as well, including California-based MD7 and North Carolina-based EXOS Aerospace. AECOM has also moved HQ from Los Angeles to Dallas, making it the sixth Fortune 500 company to relocate to the area in the past six years.

What Makes Dallas an Attractive City?

From the diverse economy to a well-educated stream of new talent graduating from local colleges, there are many reasons that the Dallas/ Fort Worth region is attractive to companies searching for a new headquarters location. According to Dallas Regional Chamber President and CEO Dale Petrosky, there are 3 primary considerations in businesses relocating to Dallas:

  • Ease of access with two major airports.
  • Workers enjoy a comparatively low cost of living, with no state income tax.
  • Favorable business climate, tax structure and reasonable regulations.

Future Forecast

With the continued influx of engineering companies and the supporting jobs they bring, Dallas/Fort Worth has set the stage for continued growth and expansion. According to U.S. Census Data, the Dallas-Fort Worth area population has grown by 20% since 2010 with Dallas ranked # 9 out of the 10 largest cities in 2020. The Dallas/ Fort Worth area is projected to grow 17% by 2030, adding at least 500,000 more people within the two cities.

Discover Life on Your Terms

While Engineering and Tech jobs provide long and prosperous career paths in Dallas, the lifestyle at Wildcat Ranch completes the experience. Just 20 minutes outside of Downtown Dallas, Wildcat Ranch offers residents a hometown feel while also living near downtown. Situated on more than 900 acres of land in Crandall, Texas, this master-planned community also has an assortment of amenities, including an expansive pool, Fitness Center, dog parks, a tot lot, parks and hiking trails throughout the community. There is even a brand-new school, Noble Reed Elementary within walking distance of the homes.

With new homes priced from the $200’s you can choose from three Award-Winning Home Builders to construct your dream home – Beazer Homes, Express Homes, and Lennar Homes. For more information, feel free to request our brochure and get a firsthand look at how your life would look at Wildcat Ranch. You can also visit us at WildcatRanchTexas.com or contact our office at 214.466.8144 for more information.

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