Dallas Fort Worth Urban Forum

Corporate Relocations/Expansions

DPatel304
Posts: 1889
Joined: 19 Oct 2016 18:49
Location: Turtle Creek

Re: Corporate Relocations/Expansions

Postby DPatel304 » 19 Nov 2020 09:37

As the economy starts to really get back on track in 2021, I have a feeling we'll be seeing a lot more relocations to Texas and the DFW area.

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tamtagon
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Posts: 1879
Joined: 16 Oct 2016 12:04

Re: Corporate Relocations/Expansions

Postby tamtagon » 22 Nov 2020 07:41

https://www.dallasnews.com/business/202 ... s-mansion/

Abbott: Stock exchange coalition ‘impressed’ in visit to Texas Governor’s Mansion

By Dom DiFurio

5:55 PM on Nov 20, 2020 CST
...
The group meeting with Abbott calls itself the Coalition To Prevent the Taxing of Retirement Savings. It includes Nasdaq, CBOE Global Markets, Citadel Securities, data center operator Equinix, IEX, Members Exchange, New York Stock Exchange owner Intercontinental Exchange, TD Ameritrade Holding Corp., Virtu Financial and UBS.
...
Abbott said the exchanges are eyeing Dallas-Fort Worth for a potential move.
...
The state’s abundance of renewable energy, its independent power grid and cheap cost for electricity compared to New Jersey were discussed with the group, Abbott said. Tech giants Facebook and Google have already seized on the Texas power advantage, having invested in large data centers in North Texas recently.


To be clear, these stock exchanges would still be headquartered in New York, it's the electronic trading infrastructure that would relocate... data centers.

Isn't there something about the wiring in the Design District that makes it a very desirable location for heavy users of electricity and speed of electronic transactions?

Rewilding the Trinity River Park will be so much nicer if the powerlines were below ground, so how about we bundle some projects... upgrade the electricity delivery infrastructure (including an array of those fancy new batteries) all through downtown to Regal Row, putting it below grade. The reliable availability of high volume electricity will bring more heavy usering customers like the stock exchanges... removing the powerlines will make the Park that much nicer.

The imitative to bank the renewable energy will incent those kinds of companies to Dallas, too.


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