On April 12th, City Manager Tommy Gonzalez and The Greater Irving-Las Colinas Chamber President/CEO Chris Wallace gave a presentation on recent economic & community development in Irving at Hackberry Creek Country Club’s Business Speaker Series. Mr. Gonzalez highlighted the recent accomplishments of the city, including reducing crime rates for 7 consecutive years, reducing motor vehicle accident injuries by 20%, improving code enforcement ratings by 26%, increased resident rating by 16% and was awarded a double AAA Bond Rating. With the recent opening of the New West Irving Library, multiple recreational opportunities throughout the city and various cultural opportunities, the City of Irving has become a powerhouse for family and cultural life.
In addition, the Economic Development Partnership between the Las-Colinas Chamber of Commerce and the City of Irving has added 3,164 jobs. With Irving being the third largest submarket in North Texas with over 30 million square feet of office space, Irving has a lot of potential to recruit businesses and increase activity in the area. Irving’s vacancy rate is currently 22% which is 7% better than downtown Dallas.
Over the last 10 months, the Economic Development Partnership has recruited 14 companies to the City of Irving including the headquarters of Health Management Systems (HMS) and Consolidated Electrical Distributors. The partnership has also retained 12 companies to stay in Irving. Just in the last 30 days, Irving has received incentive applications for four projects which total more than 181,000 square feet, 650 jobs and a combined $8.5 million in capital investment.
Mr. Wallace concluded stating, “For every one dollar the city and our local businesses invest in the Chamber’s ED program, Irving receives $1,355 returned in economic activity and one job is created or retained for every $137 spent.”