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UT Dallas
Economic Development Update
April 17, 2024
![DFW Labor Market Update. A section of code. Photo Credit: Walkator on Unsplash [https://unsplash.com/photos/klMii3cR9iI]](https://economicengine.utdallas.edu/news/2024/img/newsletter_20240417_a.jpg "DFW Labor Market Update. A section of code. Photo Credit: Walkator on Unsplash [https://unsplash.com/photos/klMii3cR9iI]")
February Labor Statistics
From January to February, the DFW labor market gained 19,700 jobs, or 0.47% of its labor force. Primary gains in employment were felt most in the professional and business services sector which grew by 1.5%, adding 11,700 jobs. This was followed by the public sector, which finished with 5,400 more positions than last month, a growth of 1.1%.
Get more details from the latest
DFW Labor Market Update
New Program Launch
The City of Richardson has launched a new initiative meant to foster economic development. Intended to assist small businesses, the program allows the city to complement federal grant money with up to an additional $150,000. “We’re willing to put resources into entrepreneurship,” said City Manager Don Magner. “In return, we hope that [entrepreneurs] see the strong community we are and want to stay here.”
Read more at
Community Impact >
Grocery Chain Continues to Rise
Grocery store chain H-E-B representatives and Forth Worth city officials celebrated the opening of the chain’s fifth outlet in the DFW metroplex. The new location is 128,650 square-feet and employs about 750 people. City Mayor Mattie Parker noted: “There are now over 250,000 people just north of [I-]820,” further adding that “It is incredibly important to me and my council colleagues … to make sure that every single resident, regardless of where you live, you feel connected …”.
Read more at
Community Impact >
New Plant Coming to Town
Post, the cereal giant behind Fruity Pebbles and Honey Bunches of Oats, is set to open a new manufacturing facility in the city of Wilmer, near Dallas. The 1.1 million square-foot facility may be the single largest industrial lease the region has seen this year, according to researchers at CoStar Group Inc.
Read more at MSN >
New Move for Big Company
Graze Inc, a California-based autonomous lawn mowing company, has recently announced it plans to move its headquarters and research and development center to Plano. “The city’s commitment to innovation and accessibility makes it a fitting choice for a company dedicated to pushing the boundaries of robotics and automation.” noted Plano Mayor John Muns.
Read more at
Community Impact >
We are happy to fulfill customized data requests for our North Texas economic development partners and to connect your organization with resources and contacts at UT Dallas that could lead to mutual economic development partnerships.
Please reach out to F&ED to learn how your organization can partner with UT Dallas.
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