FRISCO ECONOMIC DEVELOPMENT CORPORATION ANNOUNCES LANDMARK YEAR OF GROWTH

City decreases labor shed by double digits and creates more than 10,000 jobs

FRISCO, Texas, Feb. 5, 2025 /PRNewswire/ -- The Frisco Economic Development Corporation (FEDC) announced another record year for job creation and capital investment. The record year comes at the mid-point of a proactive five-year strategic plan to attract and retain major employers and support for the innovation ecosystem. During the past three years, 70 new and expanded companies led to the creation or retention of nearly 10,500 jobs and a reduction of the labor shed by nearly 24 percent.

"Frisco is one of the most desirable locations in Texas and in the United States for business relocation and expansion opportunities," said Shanna Keaveny, Frisco EDC Board Chair. "We've created an ecosystem that attracts major corporations, e-sports, entrepreneurial start-ups and world-class sports. Plus, with a highly educated and diverse citizen population, we can attract a variety of industries because companies know they can find the right talent in Frisco."

In 2024, 26 projects and four real estate projects were spearheaded or supported by the Frisco EDC which led to more than 4,000 new and retained jobs, more than $1.5 billion in private capital investment, more than 260,000 square feet leased, and 1.8 million square feet of new commercial space. Frisco has one of the highest office leasing activities in the region, and it's Class A office vacancy rate is 6 percent lower than the regional average of 24 percent according to CoStar.

"Just in this past year alone, we leased the square foot equivalent of three Empire State Buildings," said Jason Ford, Frisco EDC President. "As we enter year four of our five-year plan, we expect to maintain great momentum with more exciting projects ahead and continue benefiting our citizens by keeping the tax rates low while bringing in major projects to the city." 

Frisco EDC 2024 Fiscal Year:

Real Estate Projects

• Firefly Park
• Fields West
• The Mix
• Toyota Stadium redevelopment and expansion

New Attraction Projects to Frisco

• Act Digital
• CohnReznick
• Gannett
• Morrison & Head
• Nomura Research Institute IT Solutions
• RMWBH Law Firm
• Rockwell Automation Inc.
• Shottenkirk Automotive
• United Commercial Energy Partners
• Plug and Play Tech Center
• Thomson Reuters
• Zallpy Digital

Frisco Business Retention & Expansion Projects

• Bounteous
• Compass Real Estate
• Dude Perfect
• Fortinet
• Freese and Nichols Inc.
• Keurig Dr Pepper
• Layne's Chicken Fingers
• Merrill Lynch Wealth Management
• Parkhill, Smith & Cooper Inc.
• Tokio Marine Highland

About the Frisco EDC
The Frisco EDC operates as a Texas non-profit corporation and is governed by a seven-member board of directors appointed by the Frisco, Texas City Council. Job number one is facilitating the creation of jobs, as the Frisco EDC's mission is to improve the economic opportunities and quality of life for all Frisco residents. The Frisco EDC has facilitated major economic development projects, resulting in hundreds of projects and thousands of jobs in the City of Frisco. For more information, visit FriscoEDC.com. 

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SOURCE Frisco Economic Development Corporation