In the span of 27 years, from 1990 to 2017, AllianceTexas generated $69.08 billion in North Texas, and roughly $4.73 billion in 2017 alone. These numbers come from an annual report by Insight Research Corporation.
AllianceTexas is a master-planned community anchored by the world’s first industrial airport. Alliance recently opened two new aircraft hangars, new services for Hillwood airways, and completed a runway extension project to increase air cargo capacity. AllianceTexas developments include the Alliance Global Logistics Hub, Circle T Ranch, and Alliance Town Center.
Private investment in the development is estimated at $8.22 billion, while public investment exceeds $689 million. The 26,000-acre mixed-use community has created nearly 48,800 jobs. It has increased tax revenue for nine public entities including five cities (Fort Worth, Roanoke, Haslet, Northlake, and Westlake), two counties, (Tarrant and Denton), and two independent school districts (Keller and Northwest).
As for future economic impact, Hillwood is partnering up with IPI Data Center Partners Management to develop the T5@Alliance Data Center. This comes on the heels of opening the first phase of Facebook’s $1 billion data center.
And, Charles Schwab Corporation is underway building Circle T Ranch, its regional corporate campus which is expected to bring more than 5,000 employees. Mercedes-Benz financial services is leasing a new 200,000-square-foot facility, bringing in 900 jobs. UPS also plans to open a second parcel sorting facility at the development.
“I’m proud to say that AllianceTexas is also leading the way for the region in attracting high-paying jobs in the technology and financial services industries, while also seeing a great deal of e-commerce expansion,” Hillwood President Mike Berry said in a statement.