D ECONOMY EXCLUSIVES
Thank You Karl Z.!
Our director, Karl Zavitkovsky (or "Karl Z" to everyone in Dallas) is moving on after 12 years at the helm of the City of Dallas Office of Economic Development. Read about how the department has helped to change Dallas, for the better, during his tenure. Source: City of Dallas Office of Economic Development, June 23, 2017.
Dallas' First Costco Is Now Open for Business
Rejoice, Dallas! Costco, that beloved purveyor of bulk products such as 20 pound bags of rice and 600-count boxes of paper plates, has opened its first store in the city limits. Located south of LBJ Freeway along Coit Road and the North Central Expressway, the Dallas Costco opened its doors on May 11. Source: City of Dallas Office of Economic Development, June 20,2017.
A TreeHouse (Store) for Grown-Ups
Dallas residents have a new option when shopping for home improvement products, now that TreeHouse has opened in The Hill Shopping Center in North Dallas on Walnut Hill Lane and North Central Expressway. TreeHouse is the world’s first completely green home improvement store, focusing on products made from sustainable resources, that are completely non-toxic, that conserve energy, and that create zero waste. Source: City of Dallas Office of Economic Development, June 27, 2017.
City Center News
Downtown's Fountain Place Tower is Getting $70 Million Makeover
One of downtown Dallas' most familiar towers is in the midst of a major makeover that will bring additional parking and a new look to the skyline. Owners of the 60-story rocket-shaped Fountain Place are spending more than $70 M on the office building. Source: Dallas Morning News, May 23, 2017.
WeWork Opens Southern HQ in Dallas' Thanksgiving Tower
Shared workspace provider WeWork has opened its downtown Dallas location, which the firm says will be its Southern headquarters. New York-based WeWork rented 84,000 square feet of office space in the Thanksgiving Tower on Elm Street. Source: Dallas Morning News, June 6, 2017.
Real Estate News
Dallas' Victory Park, Once a Rail Yard and Power Plant, is Nearing the Finish Line
Victory Park is almost finished, just in time for its 20th birthday. Two decades after the 75-acre project was first envisioned on the northwest corner of downtown, the ambitious mixed-use development is mostly built, with a new Cinepolis movie theater to debut by year-end. Source: Dallas Morning News, June 23, 2017.
Southwest Airlines Has Added 800,000 SF to Dallas HQ Campus
A new aircrew training facility and office building have been completed at Southwest Airlines' corporate campus in Dallas. A total of 800,000 sq. ft. has been added. The training center is 375,000 square feet and will house 18 flight simulators. Source: ReBusiness Online, May 30, 2017.
Small Business News
First Women Veterans' Enterprise Center to open in Southern Dallas
The Women Veterans' Enterprise Center, a pilot for a national model, is opening at 4900 S. Lancaster Rd. in southern Dallas. The center will provide coworking space, a conference center, and a cafe lounge, with the aim of promoting entrepreneurship. Source: Dallas Innovates, June 16, 2017.
New Retailer to Debut at Sylvan Thirty
Oak Cliff, meet your new meat purveyor. Cooper’s Meat Market is taking a space at Sylvan Thirty near Cox Farms Market. The San Antonio-based company has been in business for more than 20 years, and this will be its first outpost. Source: Oak Cliff Advocate, June 20, 2017.
Southern Dallas News
New Employment Resource for Oak Cliff Residents
The Oak Cliff Chamber of Commerce has created the Oak Cliff Works program to help local residents train for new healthcare careers. The first participating employer, Methodist Hospital, has prepared a nine-week training program. Source: CBS DFW, June 16, 2017.
 Economic Review
Dallas Area Leads Nation in Small Business Jobs Growth
 Source: Paychex | IHS Small Business Jobs Index, 2017.
- The Paychex | IHS Small Business Jobs Index provides an up-to-date measurement of the change in small business employment over the last 12 months. An upward trend represented by an index value greater than 100 indicates a strengthening small business job market, while a downward trend represented by an index value less than 100 represents a slowdown in small business hiring.
- The data used for this index comes from a subset of Paychex clients and includes 350,000 small businesses with less than 50 employees in the U.S.
- Dallas led all indexed metro areas in the nation by this measurement of small business job growth during June 2017.
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