Active Network LLC, a 15-year-old company which provides cloud-based activity management software, announced on July 3, 2014 that it plans to move its corporate headquarters from San Diego to downtown Dallas, bringing about 1,000 jobs with average salaries of $72,000 a year. The move is also expected to bring $13 million in capital investment. Thursday’s relocation announcement is just the latest blow to California’s business community, as another company leaves the state for Texas. Aside from Toyota, other businesses planning to make the move to North Texas include MonkeySports and Ameriflight.
A DART station will open at DFW Airport on August 18, 2014. In just a few weeks, it will be possible for visitors to fly into DFW, collect their bags and board a train for Dallas. By 2018, plans say that travelers will also be able to take a train from DFW Airport to downtown Fort Worth. The Orange Line from Irving’s Belt Line Station to the DFW Station is a roughly 10-minute trip with the train reaching a top speed near 65 mph, whizzing past traffic on nearby Texas 114. Dallas will join Atlanta and Chicago as the 3rd US city to offer train travel from the airport to the major city center and becomes one of 17 global superhubs where international customers have direct rail service down to the city center.
3.* Keystone Automotive Operations, a distributor and marketer of aftermarket automotive equipment and accessories, has leased 231,000 square feet of space for a new distribution and operations facility in the Lakeside Business District in Flower Mound. Keystone Automotive said it expects to be in the building by October. It will create 100 jobs.
American Airlines has broken ground on a new Operations Center south of DFW Airport. The facility, which is expected to be completed in the third quarter of 2015, will house more than 1,400 employees, which will include about 600 employees moving from the US Airways operation center in Pittsburgh. The two-story, 149,000-square-foot building will be adjacent to the carrier’s flight academy and the C.R. Smith Museum, on the west side of Texas 360. The project will cost $88 million.
Bed, Bath & Beyond will open a new Flower Mound location in the fall of 2014. Bed, Bath & Beyond will occupy the former Ross space near the Super Target. The store began in 1971 with a single New Jersey location.
The $1.3 trillion Texas economy has completely recovered from the Great Recession and is getting stronger, official and independent economists report. Texas and New York are the only two states to have restored all of the jobs lost when the recession hit in 2007. The Texas economy is now larger than those in Michigan, North Carolina and Georgia combined. Oil and gas production has doubled over the last six years. Texas unemployment is down to 5.7%, about a point lower than the national average, and the state’s average home price has broken $200,000 for the first time ever. Texas is now home to 52 Fortune 500 companies, falling behind only California which currently hosts the headquarters for 53 Fortune 500 companies.