June 20, 2017
Toyota Plano – Starting May 15, 2017, the first wave of Toyota employees — mostly in facilities and information systems management — began working in the new 2 million square foot North American headquarters in Plano. By December 11, 2017, about 4,000 Toyota employees will work in the 100-acre development. The company plans to move in employees in waves of about 250, with a peak of about 350 during the summer. Construction is expected to officially end in October and the project is reported to have remained on schedule.
Forbes 2017 Global 2000 List – The Forbes 2017 Global 2000 list of the world’s largest public companies was released in late May. The list features public companies from 58 countries that together account for $35.3 trillion in revenue, $2.5 trillion in profit, $169.1 trillion of assets, and have a combined market value of $48.8 trillion. All four metrics are up from the 2016 ranking, with market capitalization up 10% from last year. Industrial & Commercial Bank of China and China Construction Bank are the #1 and #2 largest public companies in the world, with the top five rounded out by three American financial institutions: Berkshire Hathaway, JPMorgan Chase and Wells Fargo.
AT&T has leapfrogged Exxon Mobil in Forbes’ 2017 Global 2000 list, taking over the perch as the largest public company in Texas. The Dallas telecom giant moved up a spot to 11th in this year’s edition of the rankings, with Exxon dropping down to 13th from 9th in 2016. Japanese automaker Toyota Motor comes in at the 10th spot on the list. Round Rock-based Dell Technologies Inc. landed at No. 608 overall and No. 14 in Texas on Forbes’ list. Dell has been privately owned since a 2013 buyout led by CEO and founder Michael Dell, but it has a tracking stock listed on the New York Stock Exchange under the ticker “DVMT.” Overall, the U.S. earns 565 of the top 2,000 spots, with China grabbing 263 and Japan taking 229. The three countries account for more than half the list.
DFW International Airport – More than 18 million passengers are expected to travel through Dallas Fort Worth International Airport during the 2017 summer travel period — a projected increase of 3.5% over last year. More than 65 million customers pass through DFW Airport every year, making it one of the most frequently visited super hub airports in the world. The airlines serving the DFW offer a total of 163 domestic and 55 international nonstop destinations worldwide, including new nonstop routes to Rome and Amsterdam. DFW Airport plans to spend $400 million on infrastructure, including an August 2017 start date for a new north entry cellphone lot, a better baggage handling system at Terminal B, passenger boarding bridges and more employee parking over the next few years.
TreeHouse – Home improvement retailer TreeHouse, which opened in Dallas Friday June 2nd, is the world’s first retail store to produce more energy than it uses. A Tesla power pack battery wall stores harvested solar energy to redistribute when needed, and to put excess back into the grid. All of its plants are native species and watered from harvested rainwater. The store uses daylight as much as possible, and cools by using Big Ass fans.
The Austin-based home improvement store sells products that fall into 3 categories: Performance – meaning energy efficient merchandise, windows, roofing, insulation; Design including paint, flooring, cabinetry, lighting; Landscaping including decking, irrigation, gardening. Many products come from recycled materials, are free of toxins, are more sustainable or integrate automation for ease. Inside the store, customers will also experience a live kitchen with local chefs demonstrating smart-home appliances, and two to three classes each week on topics like native landscaping. The location is at the northeast corner of Interstate 75 & Walnut Hill Lane. The store will span 25,000 square foot, including 5,000 to 10,000 square feet for an outdoor landscaping section. TreeHouse has also announced it will open a second North Texas location this fall at the corner of Preston Road and Park Boulevard in Plano, adjacent to a Whole Foods.
New Epic Waters Waterpark – A new Dallas-Fort Worth Waterpark is set to make an EPIC Splash! The city of Grand Prairie announces their new $75M recreational facility that is slated to open in November of this year. Epic Waters indoor waterpark is an indoor-outdoor venue with a retractable roof that’s open year round.
The park will have nine water slides, including an outdoor wave pool, a lazy river, an activity pool, a children’s area, and an arcade. There will be cabanas, a full-service grill/bar, and private party/meeting areas, both indoor and outdoor. It’s part of The Epic recreation center, which will feature fitness equipment, indoor tracks, a digital library, and recording studio. The complex will also have a 5,000-seat amphitheater, and more than two miles of trails. Epic is the final phase of the 172 acre Grand Central recreational development.
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