D ECONOMY: NEWS

Scotiabank Opens New Regional Office in Victory Park

On February 25^th, Scotiabank, a multi-national financial services provider and one of the largest banks in North America, celebrated the official opening of its new regional office in Victory Park. Scotiabank will create over 1,000 new jobs and invest more than $60 million in its new Dallas office. The City of Dallas supported the Scotiabank project with the unanimous City Council approval of an economic development incentive agreement in August 2025.

“Opening our Dallas hub is an important step in strengthening our U.S. platform and expanding our role across the North American corridor,” said Travis Machen, CEO and Group Head, Global Banking and Markets, Scotiabank. “Dallas offers a powerful combination of talent, economic momentum, and connectivity, making it an ideal location for the next chapter of our growth.”

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Transit-Oriented Development Groundbreaking at Mockingbird Station

On January 22nd, DART and High Street Residential, the residential subsidiary of Trammell Crow Company, celebrated the ground-breaking of the long-awaited Mockingbird Station East project on DART-owned property at Mockingbird Station. The project is the first phase of a multi-phase, transit-oriented development that will convert approximately 16 acres of underutilized DART-owned surface parking into a pedestrian-friendly, mixed-use, and mixed-income neighborhood around the DART station.

The seven-story project, located at the northeast corner of Twin Sixties Drive and Worcola Street, will include 394 apartments, including a mix of studios, one, and two-bedroom units. Starting concurrently with the new apartments, a 500‑space below‑grade parking garage is also being delivered as part of the multi‑phase development with funding assistance facilitated by the North Central Texas Council of Governments. Open to the public, the garage will serve DART passengers and visitors of Mockingbird Station. The Office of Economic Development facilitated City Council approval of a development agreement and funding from the TOD Tax Increment Financing (TIF) District to support the project, helping to deliver key public infrastructure upgrades and ensuring that 20% of the apartments are available to households earning at or below 80% of the area median family income.

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South Dallas/Fair Park Opportunity Fund Information Sessions

Join the Office of Economic Development and Vista Bank for an information session about the South Dallas/Fair Park Opportunity Fund (SDFPOF) and the economic development initiatives offered by the City of Dallas. The session will include a 20-minute overview of the SDFPOF Program, followed by a 15-minute presentation highlighting free technical assistance available through the South Dallas Fair Park Innovation Center, plus time for Q&A and networking.

Incentive Inquiry Tool

Do you need help determining the best incentive program for your project? 

Complete our Incentives Inquiry Tool!  

Have questions for the Office of Economic Development?

Have questions for the Office of Economic Development?
Staff is available every third Thursday of the month during office hours between 3 p.m. and 4 p.m. for questions regarding the City's economic development tools. Join us for our next monthly meeting on March 19 at 3 p.m.

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