North Texas, February 6, 2026
Major corporations are significantly investing in North Texas, leading to remarkable economic growth and job creation. Developments like AllianceTexas have generated substantial economic impacts, and companies such as Google and Microsoft are expanding operations in the region. As investments continue to flow into areas like Mesquite and Richardson, the local economy is poised for further growth, showcasing the entrepreneurial spirit of the area.
Fort Worth, Texas
Major corporations are increasingly investing in the outskirts of North Texas, contributing to significant economic growth and job creation in the region.
AllianceTexas Development
AllianceTexas, a 27,000-acre mixed-use development in north Fort Worth, has generated an estimated $130 billion in regional economic impact over the past 35 years, with over $10.2 billion created in 2024 alone. The development is home to 590 companies, providing 66,269 direct jobs. In 2024, total investment at AllianceTexas surpassed $16.3 billion, with $15.2 billion from the private sector and $1.1 billion from public investment. The private-to-public investment ratio is 14-to-1, and the cumulative economic impact-to-investment ratio is almost 130-to-1.
Google’s Investment in Data Centers
Alphabet’s Google announced a $40 billion investment to build new data centers in Armstrong County and Haskell County, Texas. This investment aims to create thousands of jobs, provide skills training to college students and electrical apprentices, and accelerate energy affordability initiatives throughout Texas. The project underscores the intensifying competition among artificial intelligence and cloud service providers to build infrastructure capable of supporting advanced AI models.
Microsoft’s Expansion in Las Colinas
Microsoft invested $31 million in improvements to facilities in Las Colinas, near Dallas, creating 575 new full-time jobs. The new US Delivery Center facility is designed to help accelerate the adoption of cloud technology in regulated industries, including the US Federal Government, Healthcare, and Financial Services.
Caterpillar’s Expansion in Irving
Caterpillar Inc. expanded its physical footprint in North Texas with the acquisition of a major office building in Irving. The facility will serve as a regional hub for engineering, corporate services, and supply chain operations, supporting the company’s ongoing expansion of its Texas workforce.
Industrial Development in Mesquite
Developers secured funding for a significant industrial project in Mesquite, Texas. The industrial districts east of Dallas have been among the busiest areas for developers in the last three years, with more than 4 million square feet of new buildings added. Almost 6 million square feet of industrial space were under construction in the markets east of Dallas at the end of 2023, including Mesquite.
Japanese Companies’ Influence in North Texas
Japanese companies have significantly influenced North Texas, with more than 23,000 jobs created by Japanese companies in Texas between 2011 and 2023. The region has seen an influx of Japanese retailers, restaurants, and shops, contributing to the area’s economic growth.
Telecom Corridor in Richardson
The Telecom Corridor in Richardson, Texas, is a technology business center containing over 25 million square feet of office space and accounting for over 130,000 jobs. The area is home to more than 5,700 companies, including 600 technology companies such as AT&T, Alcatel-Lucent, Ericsson, Verizon, Samsung, Fujitsu, and Texas Instruments.
Silicon Prairie in North Texas
North Texas’s Silicon Prairie refers to north Dallas and Dallas and Fort Worth’s northern suburbs, all part of the Dallas-Fort Worth metroplex. It is named for the high concentration of semiconductor manufacturing, telecommunications, and other information technology-related companies in the area.
Rastegar Property Company’s Expansion
Rastegar Property Company, headquartered in Austin, Texas, focuses on the acquisition, development, and management of multifamily and other commercial properties in high-growth markets across the United States, particularly in the Sun Belt. As of 2024, its portfolio included nine projects in Texas and Arizona, totaling more than 5.6 million square feet and roughly $1.5 billion in value, with plans to develop nearly 6,000 multifamily units over a three- to five-year period.
Enel North America’s Renewable Energy Projects
Enel North America, through Enel Green Power, has been involved in several renewable energy projects in Texas, including the Lily solar + storage project east of Dallas, which became operational in December 2021. The project integrates a renewable energy plant with utility-scale battery storage and is part of Enel’s installation of around 600 MW of new storage capacity on the Texas power grid by 2022.
Conclusion
The ongoing investment from major corporations in North Texas serves as a testament to the entrepreneurial spirit and resilience of local businesses. With developments like AllianceTexas and major expansions from companies like Google and Microsoft, the region is showing promising signs of economic growth and job creation. Stakeholders from all sectors must come together to support these initiatives, emphasizing the vital role of reduced regulations and community involvement in fostering further economic success in the Dallas-Fort Worth area.
FAQ
What is AllianceTexas?
AllianceTexas is a 27,000-acre mixed-use development in north Fort Worth that has generated an estimated $130 billion in regional economic impact over 35 years.
How much is Google investing in Texas data centers?
Alphabet’s Google announced a $40 billion investment for new data centers in Texas aimed at job creation and energy initiatives.
What companies are expanding in North Texas?
Companies like Microsoft, Caterpillar, and many others are expanding in North Texas, contributing to economic growth and job creation.
What is the importance of the Telecom Corridor in Richardson?
The Telecom Corridor in Richardson is a major technology business center that hosts over 130,000 jobs and more than 5,700 companies.
How many jobs have Japanese companies created in North Texas?
More than 23,000 jobs have been created by Japanese companies in Texas between 2011 and 2023.
| Key Feature | Details |
|---|---|
| AllianceTexas Economic Impact | $130 billion generated over 35 years |
| Google’s Investment | $40 billion for Texas data centers |
| Job Creation from Japanese Companies | 23,000 jobs between 2011-2023 |
| Telecom Corridor Size | 25 million square feet of office space |
| Total Jobs in Telecom Corridor | 130,000 jobs |
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Author: STAFF HERE DALLAS WRITER
The DALLAS STAFF WRITER represents the experienced team at HEREDallas.com, your go-to source for actionable local news and information in Dallas, Dallas County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the State Fair of Texas, Deep Ellum Arts Festival, and Dallas International Film Festival. Our coverage extends to key organizations like the Dallas Regional Chamber and United Way of Metropolitan Dallas, plus leading businesses in telecommunications, aviation, and semiconductors that power the local economy such as AT&T, Southwest Airlines, and Texas Instruments. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
