The Connect March 2024
AllianceTexas Enters 35th Year With $120 Billion in Economic Impact for North Texas
AllianceTexas continues to be one of the state’s most formidable economic engines generating an estimated $119.8 billion in regional economic impact over the past 35 years and more than $3.8 billion in total taxes paid to local public entities.
According to Insight Research Corporation’s annual economic impact report, more than $9.84 billion of the development’s economic impact was created in 2023 alone. Mike Berry, president of Hillwood, presented this data in his annual economic impact presentation to the Fort Worth City Council.
To view Hillwood’s most recent AllianceTexas Annual Economic Impact Report, click here.
“We’re just as forward-thinking today as when we created AllianceTexas 35 years ago, and that transformative philosophy — anchored by the collaborative partnership between public and private sectors — has brought nearly $120 billion in economic impact for the North Texas region,” said Mike Berry, president of Hillwood. “AllianceTexas continues to be a sustainable economic engine for the State of Texas, creating thousands of jobs while serving as a corporate base to some of the world’s most iconic brands, including Amazon, FedEx, BNSF Railway, Meta, Charles Schwab, Fidelity Investments, Deloitte and UPS, among dozens of others.”
A leading driver for regional success, AllianceTexas is now home to 574 companies, with 58 million square feet of office, retail and industrial space built since 1989. From the newest homeowner to the most well-known Fortune 500 companies, opportunity thrives at AllianceTexas. It boasts corporate headquarters, healthcare providers, higher education centers, shopping and entertainment destinations and vibrant residential communities.
Recently, Southwire, one of the leading manufacturers of wire and cable used in the transmission and distribution of electricity, chose to expand its operations within AllianceTexas, leasing 1.18 million square feet at Alliance Westport 25. Further underscoring North Texas’ prominence as a premier job center, Southwire’s expansion includes job creation for 250 new team members. Explore availability at AllianceTexas.