Leppert: Companies Targeting Dallas for Relocation

At a commercial real estate symposium presented by the North Texas CCIM chapter today, Mayor Tom Leppert said Dallas and Texas are poised to benefit from other states’ economic woes. Touting our low taxes and favorable regulatory climate, Leppert said he just got a letter from the head of a big New Jersey company who said “we’re looking more and more at relocation.” The mayor said he also thinks another large company on the East Coast will move to Dallas, as will a 400-employee company now based in California. Dallas is holding on to companies as well, Leppert said, pointing to one firm that recently considered leaving downtown for the ‘burbs, but decided in the end to stay put. “They need good young people,” he said, “and young people want to live downtown.”