| One of the major reasons that Dallas | | | | and defense industries and electronic |
| residential and commercial real estate is "in | | | | components. |
| demand" is because people are re-locating to | | | | |
| the city in droves. Many financial and real | | | | The city of Dallas has one of the best, |
| estate industry experts believe that this | | | | thriving economies in the entire country. |
| "mass move" to Dallas is due to the | | | | People who relocate to the city can find a |
| prosperous, booming economy of the city. It | | | | higher rate of pay and better employment then |
| is estimated that dozens of new businesses | | | | in other cities in the United States. This is |
| are seeking out Dallas office space and other | | | | because there is more competition between |
| commercial properties. Even some of Fortune | | | | employers in Dallas. Dallas homes for sale |
| 500's biggest companies have relocated to the | | | | and new construction projects have increased |
| Dallas area. Dallas is "hot" in many | | | | dramatically as the demand for residential |
| different ways. | | | | and commercial property has increased |
| | | | triple-fold. |
| The Major Industries that are Big in the City | | | | |
| of Dallas | | | | New Incentive Programs |
| | | | |
| The city of Dallas has an extremely broad and | | | | Another reason for the year-long flocking to |
| diverse climate for business. One of the | | | | Dallas is because of all of the incentives |
| leaders in the Dallas business circuit is the | | | | that the local government is currently |
| technological industries. These industries | | | | offering residents. Some of these new |
| include information technology and data, | | | | incentive programs include: |
| defense, life sciences, financial services, | | | | |
| telecommunications, processing, | | | | 1) Tax Increment Finance Districts - This |
| transportation and semiconductors. | | | | area is designed to make it less expensive |
| | | | for investors and developers to redevelop |
| A study performed by the Greater Dallas | | | | certain areas of the city and to make |
| Chamber of Commerce reported that the city of | | | | improvements to pre-existing Dallas |
| Dallas is home to forty-three percent of the | | | | commercial real estate structures. |
| high-tech workers employed in the state. Plus | | | | |
| there are thirteen privately-owned companies | | | | 2) Enterprise Zone Projects - These projects |
| that are worth one billion dollars or more in | | | | offer a reduction in state sales tax, or |
| the city. Some of the biggest corporations | | | | taxes paid, or tax refunds for the purchase |
| that are located in Dallas include Southwest | | | | of machinery, equipment and building |
| Airlines, Advance PCS. Dean Foods, | | | | materials in a designated enterprise zone. |
| Kimberly-Clark, ExxonMobil, Texas Instruments | | | | |
| and Neiman Marcus. | | | | 3) Development Projects - These are different |
| | | | programs that are designed to generate |
| Dallas has been nicknamed the "Silicon | | | | thirty-four billion dollars in the Dallas |
| Prairie" since the city has one of the | | | | Texas economy and to create close to |
| largest centers of employment in high | | | | eighty-thousand new jobs within the next |
| technology. Southwestern Bell, Nortel, | | | | decade. |
| Ericsson and Alcatel are an example of the | | | | |
| large telecom companies that have made the | | | | 4) Job Training Programs - Are designed to |
| city of Dallas their home. The city is an | | | | train residents for careers in specific, |
| industry leader in the production of items | | | | lucrative career fields. The local government |
| such as machinery, food products, | | | | has several different job training programs |
| transportation equipment, chemicals and | | | | that one can choose from. |
| allied products such as parts for the airline | | | | |