Irving-Las Colinas, TX: Living Life in the “Headquarters of Headquarters”
Corporate relocations are not just about moving businesses and offices; they are about moving workers and their families. When it comes to supporting businesses and their employees, Irving-Las Colinas in the heart of North Texas leads the way. A magnet for corporate relocations, the city is recognized as the “Headquarters of Headquarters” and is home to 10 Fortune 500 and three Fortune 1000 companies.
Irving-Las Colinas is home to names like global industrial powerhouse Caterpillar (Fortune #73) and Builders FirstSource (Fortune #176). Those companies join Irving-Las Colinas’ new arrivals, including Kelly-Moore Paints and Cacique Foods, and longtime corporate citizens like Fluor, McKesson, Kimberly-Clark, and more.
In Irving, TX, the Hidden Ridge area includes the headquarters of Pioneer Natural Resources and a Verizon campus. (Photo: Irving Economic Development Partnership)
Centrally located in the Dallas-Fort Worth metroplex, Irving-Las Colinas’ value proposition is hard to match with its business-friendly strategy that offers to relocate or expand companies’ streamlined practices like its six-day average permitting process for new construction. Companies relocating or expanding in Irving-Las Colinas find quickly that the North Texas workforce will serve their needs, with six million skilled workers within a 30-minute commute of the city, and leading secondary and higher education institutions providing the skills that employers desire.
With the city and state’s pro-business mindset, companies moving to Irving-Las Colinas are also often eligible for incentives, ranging from tax abatements to grant programs. The city provides companies access to its two Tax Increment Finance Districts (TIFs) and three Public Improvement Districts (PIDs) that can help reimburse various public improvement infrastructure costs. State incentives include the “deal-closing” Texas Enterprise Fund (TEF) and the Texas Enterprise Zone (TEZ), which targets public and private investment in economically distressed areas.
Business opportunities abound, companies flourish in Irving-Las Colinas, and their employees enjoy an exceptional quality of life known as the “10-Minute Life.”
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Irving-Las Colinas’ leaders first envisioned the “10-Minute Life” by conveniently developing the city’s jobs, housing, schools, and amenities around major transportation centers that offer access to Dallas-Fort Worth and beyond. Within 10 minutes, one can be working in the office, dining at one of Water Street’s fantastic restaurants, hiking or biking miles of trails, attending a live concert at the world-class Toyota Music Factory, or arriving at the region’s two major airports (DFW International Airport and Dallas Love Field). This way of life helps companies in Irving-Las Colinas move beyond the standard benefits and offer employees an array of work-life balance amenities, all within easy reach.
The formula of pro-business policy, geography, and infrastructure and the “10-Minute Life” combine to form a success story that continues to benefit businesses and employees.
“The people who live and work in Irving-Las Colinas are our most important asset, and the city is built to help businesses thrive and enhance the lives of everyone in our community,” said Beth A. Bowman, President and CEO of Greater Irving-Las Colinas Chamber of Commerce and the Irving Economic Development Partnership. “Irving-Las Colinas offers an ideal business-friendly environment that appeals to today’s corporations while also providing their employees and their families with a vibrant quality of life.”
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