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