Frisco Texas Is Growing
Frisco has emerged as one of the fastest growing cities in the United Sates based on indicators such as the median house price growth, college educated population growth, job growth, and general economic growth. The city has been luring corporate investment in recent years, and analysts argue that the Frisco has a very promising future. The rapid growth that has been experienced in the city, in the last few years, is attributed to proper planning and effective management. The city’s current mayor was elected after the introduction of term limits. The previous mayor had been in office for over nine years, and helped Frisco become one of the fastest growing city in the country.
Analysts predict that the city will be unrecognizable in the coming years if the new mayor manages to find the perfect balance between development and the financial aspects. Jeff Cheney, who is the current mayor, witnessed the city’s biggest expansion in the last nine years as a member of the city council. He observes that close to 40% of the city is yet to reach the required levels of development.
Business Growth in Frisco Texas
As mentioned earlier, Frisco has been attracting corporate investments in the recent past, and this has led to rapid economic growth. A delegation of government officials and business executive from Texas have been traveling abroad to promote investments within the state. Texas cities such as Frisco are attractive to investors because of lower costs of living and doing business. In addition, it is easy to set up shop in any of the cities in Texas because they have no geographical ties to other areas. The city has more than 9000 businesses, 1,500 hotel rooms, and over eight million square feet of shopping.
It is estimated that Frisco has more than $2.7 billion in capital investment. There are more than 190 companies operating in the city, and the most notable corporate citizens include; Associated Network Partners, Ameriflex, Sheplers, Genband, and Oracle USA. Some of the reasons why there has been massive business growth in Frisco Texas include; investment in quality education system, quality of life differences, unified leaders with updated plans, and comprehensive development plans for the city.
Job Market in Frisco Texas
Frisco has a thriving job market because of its ability to attract investments. The fact that there are over 9,000 businesses and 190 companies in the city, means that there are many job opportunities for college graduates. The city has skilled and well-educated work forces, and that is why it attracts many investors. Over 50% of the workforce has a bachelor’s degree. The job market in Frisco Texas is one of the best in the country, and this has made many businesses to migrate to the city.
New Businesses in Frisco Texas
There are many new businesses in Frisco Texas because of a favorable business environment that has been created over the years. The booming development in Frisco continues to attract new companies. The number of restaurant and retail tenants has been on the rise in recent years, and this demonstrates the city’s status as a major investment destination. Frisco Texas is growing, and it’s a great city to run a business.