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UT Dallas
Economic Development Update
July 22, 2024
![DFW Labor Market Update. A waitress setting a table in a restaurant. Photo Credit: Louis Hansel on Unsplash [https://unsplash.com/photos/woman-in-front-on-brown-dining-table-and-chairs-inside-building-wVoP_Q2Bg_A]](https://economicengine.utdallas.edu/news/2024/img/newsletter_20240722_a.jpg "DFW Labor Market Update. A waitress setting a table in a restaurant. Photo Credit: Louis Hansel on Unsplash [https://unsplash.com/photos/woman-in-front-on-brown-dining-table-and-chairs-inside-building-wVoP_Q2Bg_A]")
Labor Market Update
DFW gained 14,000 jobs this May. The retail and hospitality sectors saw the greatest gains in employment. While overall unemployment rose slightly by 0.2 percentage points, both employment and inflation levels are in line with state and national trends.
Read more in our latest
DFW Labor Market Update.
Convention Center Expansion
Community leaders broke new ground at the Kay Bailey Hutchinson Convention Center, ushering in the center’s $3.7 billion new expansion project. The project will provide new streets and recreational space to boost redevelopment of downtown Dallas. “The revitalization of this convention center is precisely what downton Dallas needs,” remarked Dallas Mayor Eric Johnson.
Read more at KDFW.
![Kay Bailey Hutchison Convention Center. Photo Credit: CC0 1.0 2018 Raysonho [https://commons.wikimedia.org/wiki/File:KayBaileyHutchisonConventionCenter.jpg]](https://economicengine.utdallas.edu/news/2024/img/newsletter_20240722_b.jpg "Kay Bailey Hutchison Convention Center. Photo Credit: CC0 1.0 2018 Raysonho [https://commons.wikimedia.org/wiki/File:KayBaileyHutchisonConventionCenter.jpg]")
![The Indian flag and the State Emblem atop Vidhana Soudha in Bangalore. Photo Credit: CC BY 3.0 2005 Mellisa Anthony Jones [https://commons.wikimedia.org/wiki/File:India_flag_emblem.jpg]](https://economicengine.utdallas.edu/news/2024/img/newsletter_20240722_c.jpg "The Indian flag and the State Emblem atop Vidhana Soudha in Bangalore. Photo Credit: CC BY 3.0 2005 Mellisa Anthony Jones [https://commons.wikimedia.org/wiki/File:India_flag_emblem.jpg]")
Development Trip
Officials from the city of Richardson are set to travel to India on an economic development tour later this month. The Richardson delegation will with meet with local Indian officials at five cities across the country. Chris Shacklett, delegation member and interim director of economic development at Richardson, noted “Our goal is to strengthen economic ties and [lay] the groundwork for new business opportunities between Richardson and one of the fastest-growing economies in the world”.
Learn 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.
An Economic Engine for the Region
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