Last month, the KL Team attended Group One's 2023 Frisco Economic Forecast at the Stonebriar Country Club. The Mayor gave an update on business and economic development in Frisco and announced that Frisco welcomed 16 new corporate brands in 2022.
These 16 projects are expected to generate more than 5,600 Frisco-based jobs over the next several years
One of the biggest projects announced in 2022 includes Fortune 500 company, Teachers Insurance and Annuity Association (TIAA), which is opening a regional headquarters in Frisco. TIAA’s new 15-story office tower, currently under construction near The Star in Frisco, is still the largest real-estate deal to close post-pandemic in the Dallas-Fort Worth market. TIAA alone plans to bring over 2,600 jobs to Frisco, and eventually will be the city’s largest employer. Frisco also had three out-of-state headquarter relocations.
Other major projects include headquarter relocations from ExteNet Systems coming from Chicago, and Boingo and Ruiz Foods coming from California, and McAfee’s regional headquarters expansion at The Star (announced in January 2023). Toshiba Global Commerce Solutions also announced the opening of an Innovation & Incubation Hub in Frisco in September 2022 and Comerica Bank has announced plans to build a business and innovation hub in Frisco in 2023. Frisco is now home to five Fortune 500 corporate innovation and research and development centers.
*Source: Mayor- 2023 Group One Frisco Economic Forecast