Economic Development
Global Business Community
Plano
is home to many top corporations and the talented people who work for them.
Plano, with its excellent public schools, provides a great environment to raise
a family or start a business. A combination of high median incomes and low cost
of living allows Plano citizens to enjoy a higher standard of living than in
more costly parts of the country.
Measurement of Our Initiatives
We offer an integrated approach of programs and services to
support the expansion and retention of existing businesses within the City of
Plano, and the attraction of companies that offer high-impact jobs and share
the community's values.
In Plano, economic development usually takes three forms:
Business Attraction, Business Retention/Expansion and Redevelopment.
All three forms of economic development aim to
create new primary jobs that pay more than the prevailing wage, increase the
amount of income coming into the community from outside its market area and
create greater capital investment in the community. The strategy is to achieve
this in a number of diversified industries.
Why We Measure Jobs Created
Currently,
Plano is home to many leading global organizations including
JPMorgan Chase, Capital One Finance, Toyota Motor North America, Liberty Mutual
Insurance, FedEx Office, and Peloton.
Over the years, Plano's Department of
Economic Development has been instrumental in adding thousands of jobs to
Plano’s employment base across multiple industry sectors.
Why We Measure Projects Undertaken
Over the
past several years, Plano's Economic Development Department has worked to grow Plano
to be the epicenter for economic development in Collin County and North Texas.
We have reached this position by being intentional in our actions and
undertaking a number projects in order to further contribute to the city’s business
community.
Why We Measure Tax Dollars
Plano's Economic Development Department achieves
its goals is by landing projects that add improvements to the city’s tax base.
These improvements to the city’s tax rolls provide revenue that drives the
services enjoyed by our citizens, while keeping a stable tax rate.
