America's Growth Cities
Big D, Big Growth
Dallas, Texas is one of the fastest growing cities in the United States. Data from the U.S. Census Bureau shows that from 2010 to 2016, Dallas recorded the highest net domestic migration in the country, in excess of 300,000, bringing its total population to 1.3 million.
A recent article on Quartz.com put it succinctly: “The main reason Americans are ditching the coasts and the Midwest and flocking to cowboy land… is jobs.”
Dallas is often referred to as the heart of Silicon Prairie, given the high concentration of IT companies in and around the city. The epicenter lies along the Telecom Corridor in Richardson, a northern suburb. The corridor website says that 5,700 companies have facilities there, including Texas Instruments (headquartered in Dallas), Nortel, AT&T, Ericsson, Fujitsu, Nokia, Rockwell Collins, Cisco Systems, Sprint and Verizon. Texas Instruments alone employs 10,400 people at its corporate headquarters and chip plants.
Twenty-one Fortune 500 companies, from Exxon Mobile to American Airlines to Dr. Pepper, are based in the Dallas-Fort Worth area. Other well-known names there that are smaller include Mary Kay Cosmetics, Neiman Marcus, Frito-Lay, Pier 1 Imports, Pizza Hut, Greyhound Bus Lines and Rolex.
GalleriaDallas.com says that in addition to its large number of brand-name businesses, Dallas also has more shopping centers per capita than any other city in the United States.
Healthcare is also a large employer in Dallas, the major job generator being the Dallas Medical District, which has within it the University of Texas Medical Center and its affiliated Medical School. It also encompasses Parkland Memorial Hospital, Children’s Medical Center, William P. Clements University Hospital and Zale Lipshy University Hospital. In addition, the city has many other hospitals throughout its neighborhoods, and also is home to the second largest Veterans Administration healthcare system in the country.
Culture plays its part as well, plus being a major contributor to quality of life. Dallas is a city that will readily spend for first-rate music and theater and art. The Myerson Symphony Center and the Winspear Opera House are where the Dallas Symphony Orchestra, the Dallas Opera and Texas Ballet Theater perform. The Arts District in the northern section of downtown is where several prestigious art venues stand, including the Dallas Museum of Art, the Crow Collection of Asian Art, the Nasher Sculpture Center, and the Perot Museum of Nature and Science. According to ArtPlace.com, this is the largest contiguous arts district in the United States.
In sports, the Dallas Cowboys football team, financially the most valuable sports franchise in the world according to Forbes, has played in eight Super Bowls and won five. The town’s Texas Rangers baseball team won the American League pennant in 2010 and 2011. The Dallas Mavericks, led by German basketball player Dirk Nowitski, won their first National Basketball Association Championship in 2011. The Dallas Stars hockey team takes to the ice at the American Airlines Center, playing well enough to win eight division titles and a Stanley Cup.
There are 38 colleges and universities in Dallas, the highest concentration in any area of Texas. Dominant is the aforementioned University of Texas Southwestern Medical Center, one of the largest groupings of medical facilities in the world. Even with all that size, however, the UTSW Medical School is highly selective, admitting only 200 students a year. 3,255 postgraduates are also enrolled, instructed by a staff that includes five Nobel Laureates.
Southern Methodist University is a private coeducational school of 6,500 undergraduates, 1200 professional students in law and theology, and 3,500 postgraduates. SMU is located in University Park, an independent city within a city that is basically a campus that Dallas completely surrounds.
The University of Texas at Dallas is a public research university 15 miles north of downtown in the Telecom Corridor. In addition to Space Science and advanced IT research projects involving groups of its 26,700 students, UT Dallas has many collaborative relationships with UT Southwestern Medical Center, including behavioral and brain science projects in which students themselves are often the case study.
The Dallas Independent School District has some of the top-ranked public high schools in the country. One of them, The School for the Talented and Gifted in Oak Cliff, has been named by both Newsweek and U.S. News & World Report as one of the best public high schools in America for several consecutive years. The mission of TAG, as the school is known, could be a blueprint for instilling self-confidence: To provide an environment in which the unique worth, dignity, and abilities of each individual are not only recognized but cultivated and celebrated as well.
TAG is near the neighborhood of North Oak Cliff which has had a renaissance over the past two decades thanks to reinvestment by the city and private developers. It has become one of Dallas’s hippest and hottest areas – and is still relatively affordable, though that is changing as more people catch on to its attractions. D Magazine describes North Oak Cliff as a “trendy home base for young ‘urban pioneers’ drawn to life in updated old houses set among the slew of new restaurants, bars, entertainment venues, and shops.”
Zillow lists the median price for a home in Dallas at $225,100. The median price in Oak Cliff is $318,000.
Live In America EB-5 would be pleased to work with EB-5 investors in exploring Dallas and its wide variety of jobs and neighborhoods for their new American home. For more information, send us an email for a quick response here: