"Goldman Sachs has cordoned off 800,000 sq ft for a new Dallas campus able to host more than 5,000 staff, marking a significant regional expansion plan."
"The Dallas-Fort Worth metro area has seen its financial sector workforce boom over the past decade, surging 40% to 386,000 staff, driven by aggressive local policies."
"A 10-year property tax break and $2.7m worth of grants helped convince Scotiabank to relocate from North Carolina, bringing 1,000 jobs to the state."
"The TXSE aims to attract businesses with looser listing rules, including an absence of diversity requirements, positioning itself as a competitor to Nasdaq and NYSE."
Goldman Sachs is developing a new $700 million campus in Dallas, which will accommodate over 5,000 employees. This project is part of Dallas's strategy to enhance its financial sector, which has grown 40% in the last decade. The city offers substantial incentives, including tax breaks and grants, to attract banks like Scotiabank. Additionally, new stock exchanges are emerging in Dallas, aiming to compete with New York by offering looser listing rules. The local government is actively promoting Dallas as a financial hub, challenging New York's dominance.
Read at www.theguardian.com
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