The Chamber has released a study of the economic impact of eleven Irving-based businesses within the DFW Airport Corridor. The analysis compiled by consulting firm, Angelou Economics, comes as part of an international marketing program initiative led by D/FW International Airport.
The marketing campaign aims to boost the visibility and reputation of North Texas throughout the world and to add and retain international air service to the world's third busiest airport. To support this goal, the Greater Irving-Las Colinas Chamber, the Irving Convention and Visitors Bureau, along with chamber and convention and visitors bureau representatives from Dallas, Fort Worth, Grapevine and Arlington are working in partnership on the project.
The Chamber helped guide Angelou Economics in compiling data regarding the economic impact of the following Irving-based businesses located in close proximity to D/FW Airport: Aviall, ExxonMobil, Fluor, Flowserve, NEC, Nokia, NCH Corp, Microsoft, RIM, Citi and Allstate.
Key findings of the Economic Impact of Key Businesses near DFW study indicate that the economic impact from these eleven corporations on the DFW area is more than $8.7 billion annually. These businesses also indirectly support 20,768 jobs and create $231.8 million in additional retail sales for the area.
Facilities were built for all of these major businesses with an investment of over $1 billion. The initial construction for these businesses created an additional $1.75 billion in economic activity, more than 10,600 one-time jobs, and $606.6 million in employee income.
Tax revenues from these Irving-based businesses average nearly $900 million annually for Dallas County, the State of Texas and the United States. Along with this finding, the one-time construction of facilities for these businesses drew nearly $150 million additional tax dollars.
"Irving's strategic location adjacent to D/FW Airport is clearly a major factor in the success of the businesses examined in the study, and it is a primary draw for relocating businesses as well," said Chamber President / CEO, Chris Wallace. "As a leading pro-business city with easy access to both coasts and to points all over the world, Irving is well-positioned for continued growth and economic success."
HMS, Clorox, TWG Insurance and Shared Technologies are among the companies who have chosen to relocate operations to Irving in recent weeks. The Chamber-managed Irving Economic Development Partnership has initiated 78 new relocation or expansion projects this fiscal year.



Michelle Attah