Business Opportunities at Fort Worth/Dallas, Tx.

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1 Business Opportunities at Fort Worth/Dallas, Tx. Jorge Croda-Morando Mexican Ambassador of the Fort Worth Hispanic Chamber of Commerce Phone

2 DFW: Global strategic location 2

3 Companies DFW 3

4 International Trade Capital $ 57.5 billion in international operations (2007). A growth rate of 88% since 2002 ($ 30.5 billion). Trade with NAFTA countries was $ 1.3 billion in Source: US Trade online DFW Global Trade ( ) 4

5 Preferred destination for international investment Large enterprises with foreign capital * lcatel USA (France) Alcon Laboratories (Switzerland) Bimbo Bakeries (Mexico) Cadbury Schweppes (UK) Ericsson, Inc. (Sweden) Fujitsu (Japan) Marconi (UK) LSG SkyChefs (Germany) Nokia (Finland) Nortel (Canada) Research In Motion (Canada) Samsung (South Korea) STMicroelectronics (Switzerland) 5

6 DFW, general data 4th largest metropolitan area in the U.S. - after New York, Los Angeles and Chicago 5 th highest rate of GNP of the United States - after New York, Los Angeles, Chicago and Washington, DC Number 28 worldwide in the rate of GDP - comparable to that generated by Belgium 5th largest concentration of Fortune 500 headquarters according to (25) - after New York, Chicago, San Francisco and Houston Meters 2nd highest rate of job growth - after Phoenix 6

7 Excellent business climate The Grand Chamber of Commerce FW will help your company identify and coordinate state and local incentives, coordinating with the Texas state government and 88 cities in the region of Dallas / Fort Worth. DFW is the 4th largest region U.S. Low financial cost No personal or corporate taxes on the property or unitary tax. Access to aid funds for development and promotion of business and new technologies. High standard of living for low-cost The cost of living is below the national average in relation to major American metropolis of 1.5 million people - DFW metropolis is the eighth least expensive in the United States. Comprehensive and affordable health care with 90 hospitals, 15,000 beds and over 11,000 physicians. 7

8 Cost of Living in DFW Cost of living index for the first quarter of 2008 = 91.9 (ACCRA) National Average = 100 There is no state income tax benefit Access to housing Low energy cost Comparison with the main cities New York (Manhattan) Los Angeles-Long Beach Washington DC Boston Philadelphia Miami Chicago Phoenix Tampa 99.5 Atlanta 97.5 Kansas City 95.1 Pittsburg 93.3 Dallas - Fort Worth 91.9 Houston Source: ACCRA COLI 1Q 2008

9 Housing Competitive price Typical household distribution 2400 SF, 4 bedrooms, 2.5 bathrooms, two car garage New York (Manhattan) $ 1,175,000 San Francisco $ 867,833 Washington DC $ 690,617 Seattle $ 413,207 Chicago $ 369,721 Phoenix $ 356,809 Denver $ 333,075 Atlanta $ 293,459 Jacksonville, FL $ 282,273 Tampa $ 280,254 Austin $ 231,823 Birmingham, AL $ 239,598 Dallas-Fort Worth $ 225,272 9

10 Technology DFW Technology Manufacturing Bio / Natural Sciences Services High Tech Manufacturing Services Information Technical and Professional Computer and electronic aerospace Chemistry, Pharmaceutical, Devices, Medical Laboratory Testing, Research and Scientific Development Telecommunicati ons, Data Processing, Internet Services Engineering, computer systems design, training in computer system 10

11 DFW Culture and Entertainment DFW has more than 175 museums and galleries About 50 theaters The key activities of the Bass Hall and the Morton H. Meyerson Symphony are located in DFW Several public and private clubs and 220 golf courses More than 60 lakes in 100 miles around DFW The 2,700-acre Great Trinity Forrest and Trinity River Corridor characterized by integration plans rivers with bridges built by Calatrava 11

12 Projects. Trinity River Vission The Trinity River Vision is a blueprint for 88 miles of the Trinity River and its main tributaries in Fort Worth. More than a decade in the making, the master plan was conceived by volunteers and community leaders, and adopted by the city, county and state officials. The master plan will preserve and enhance the river corridor that is essential to maintain green open space, trails, neighborhood focal points, wildlife and special areas of recreation. 12

13 Projects. School District (FWISD) Fort Worth ISD strives to create a working environment for teachers that is collaborative, supportive and encouraging. A productive learning environment for students FWISD depends on the ability of teachers to share ideas and best learning techniques. Staff exchange program and learning materials that facilitate learning Spanish. So far the program has been successful in incorporating Mexican talent, which gave a competitive value to the project. 13

14 DFW Education, talent, diversity and a growing workforce 43 Colleges and Universities, 5 College District The highest concentration of college students in Texas 8th largest city with an employment growth for 2015 average 2nd highest rate growth in 2006 of employment 6.1 million residents, a work force of approximately 3 million with an average age of 32 Employment rate of 96.2%, rate of unemployment of only 3.8% Annual average of 128,000 (mostly foreign) residents over the past five years. Average salary of U.S. $ per year. DFW Educational Level: 14

15 An international population About 50 international trade organizations in DFW Approximately 100 cultural centers and houses in the region 70 + languages spoken in the region 40% of residents in North Texas were born in foreign countries or foreign residents are descendants of Growing Population 15

16 Gateway to U.S. Accessibility: Central North America / Central Time Zone Excellent transport structure The most important cargo airport in the U.S. Airport more industrial load flow Air access to Mexico, Canada, and the Pacific and Atlantic coast in 4 hours Access to 98% of the American population by rail or highway in 48 hours About 7,000 of spaces occupied by distribution centers 16

17 Gateway to U.S. 4 input ports and four FTZs Customs (Foreign Trade Zone) The largest inland port in the U.S. DFW is a major distribution hub and freight. Major airports: Dallas / Fort Worth (DFW) International Airport, Alliance Airport, Love Field, 12 reliever airports 6 and 7 interstate highways U.S. highways 17

18 Excellent business climate Technology and Natural Sciences 3rd Highest concentration of high-tech professionals in the United States - Texas has the 2nd largest number of employees in High Technology 26% of international exports are high-tech Texas 2nd only to California 4th state to invest more in innovation and development Milken Institute named as one of the national scientific and Human Sciences in

19 Entrepreneurship Funding possibilities: 3rd Area with further promotion of venture capital investment in new businesses in Texas. Active and dynamic venture capital investors Community 4th investing more heavily in R & D in Texas Business Incubators The Arlington Technology Incubator Bill J. Priest Institute Biotech Manufacturing Center of Texas North Texas Enterprise Center for Medical Technology StarTech Early Ventures Tech Fort Worth University of North Texas - Center for Biohealth 19

20 Latino and Hispanic associations in DFW ACAL of Mexico Hispanic Chamber of Commerce in Arlington Dallas Association Boricua (Puerto Rico) Colombian Association of the Metroplex Peruvian Association Filipino Teachers Association Santa Ana Church LULAC National Housing Commission The House of Spain in Dallas / Fort Worth Dominican Cultural Society Latino Arts Association of Fort Worth Marine Theater Association of Latino Professionals in Accounting and Finance. Manuel Ponce Society Bolivian Metroplex Consulate of Mexico in Dallas Casa Chihuahua Trade Commission of Mexico Consulate in Dallas Center for American Studies in Mexico Bancomext UT Arlington Hispanic Communication Channel Center for US-Mexico Studies University of Texas at Dallas Peruvians in Dallas Argentine Center of Dallas / Fort Worth Quinta Terra (Bolivia) Chilean Club of Metroplex Society of Hispanic Professional Engineers DFW - National Association of Hispanic MBA Association of Chicanos for higher education in Texas Dallas Salsa Events The Institute of Mexico You Believe In You (DCET) The Chamber of Commerce US-Mexico Fiesta Bilingual Toastmasters Valiente - DFW LGBTQ Latino / a Alliance Association for Hispanic Affairs Garland Neighbors united Greater Hispanic Chamber of Commerce Chamber of Commerce in Fort Worth Organization of Postal Employees (HOPE) Dallas Chamber of Commerce 20

21 What does the Chamber of Commerce internationally? Foreign capital investment The Dallas Chamber of Commerce is actively involved in the process of expansion of international companies in the Greater Dallas. International business and trade development Welcome organize committees and analyzes strategic plans for international markets 21

22 Electronic references Dallas Regional Chamber International Business Council Documento: InvestInDFW 22