2018Annual Report

irvingchamber.com

Delivering Irving’s Future The 5-Star Greater Irving-Las Colinas Chamber of Commerce completed the final year of its three-year strategic plan called Delivering Irving’s Future. The plan aligned with the Chamber’s priorities to strengthen the economy and community, deliver value to our member- investors, and ensure that the Chamber is sustainable to making Irving-Las Colinas a model community in which to live, work, play, walk and visit.

Through diligent and dedicated work much was accomplished. Highlights include promoting and growing the region through new business and the creation of more than 10,000 new jobs in Irving-Las Colinas, providing Chamber resources that help our investors be more competitive, successfully advocating for our investors at the federal, state and local levels and building our brand awareness through the development of an enhanced logo, website and marketing materials.

The Board of Directors, Strategic Visioning Committee, and the 5-Star Chamber Team have been hard at work reviewing, reimagining and reinventing a new strategic plan for the next five years. The new plan focuses on leadership excellence, collaborative partnerships, a culture of inclusion, and integrity.

Your Investment at Work

Your 5-Star Chamber is focused on creating a favorable business environment for our current and future investors. Through strategic partnerships and programming we are promoting economic growth, building a highly-skilled workforce, and serving as a trusted advocate for our member-investors and community stakeholders. The Chamber continues to streamline productivity while offering value-added member-investor services. Every program is benchmarked and evaluated to keep us focused on our mission and delivering value to you, your business, and your employees. Our number of member-investors continues to grow by 3% every year and our member-investor renewal rate hit a record 96% this year, 11% above the national average.

CHAMBER● Attracting New

Member-Investors● Marketing/Communications● Retaining Member-Investors● Small Business Programming● Legislative Advocacy● Administration & Reserve

Transfer● Workforce Development

$4,015,665TOTAL BUDGET

ECONOMIC DEVELOPMENT

● Business Recruitment● Marketing/ Communications● Business Retention/Expansion● International● Small Business Entrepreneurial

Programming & Services ● Workforce Development● Administration

35.1%

3.3%

5.2%

19%

17.6%

12.1%7.7% 2.4%

0.5%

37.1%

21%

19.2%

12.4% 7.4%

IRVING IS THE 6TH

MOST LIVABLE CITY IN THE U.S.

-SmartAsset-

IRVING IS THE 12TH

BEST CITY FOR MILLENNIALS

IN THE U.S.-Millennial Personal Finance-

IRVING IS THE 9TH

BEST CITY FOR JOB SEEKERS

-NerdWallet-

IRVING IS THE 25TH

HAPPIEST PLACE TO LIVE-WalletHub-

IRVING IS THE NUMBER 1 BEST CITY FOR

STARTING A CAREER-Forbes-

IRVING IS THE 40TH

SAFEST CITY IN THE U.S.

-WalletHub-

I rving is 1 of only 7 Texas cities to be

assigned TOP RATINGS FROM MOODY’S S&P.

I rving’s LAS COLINAS URBAN CENTER is

comprised of 1600 hotel rooms, 9800 multi-family units, 750 single family homes, 6.1 million square feet of office space and 462,000 square feet of retail space.

I rving is A TRANSPORTATION HUB that boasts 5 interstate highways, 4 major thoroughfares, 5 DART rail stations and

2 TRE commuter rail stations. One-third of Dallas/Fort Worth International Airport resides in Irving and Love Field Airport is just minutes away.

I rving-Las Colinas is currently HOME TO 6 FORTUNE 500 AND 5 FORTUNE 1000 CORPORATIONS – more per capita

than any other city in the U.S.

L ocated in Irving and within the Dallas/

Fort Worth International Airport’s grounds is A GLOBAL DISTRIBUTIONAL CENTER featuring 56 cargo carriers in 2.6 million square feet of space.

O ver the next 5 years, Irving-Las Colinas will

see nearly $3 BILLION IN NEW INVESTMENT including: 6 million square feet of commercial, industrial and retail space, 5,000 new residential units and 1,000 hotel rooms.

T here are more than 150 FOREIGN-OWNED

COMPANIES currently have an office presence in Irving- Las Colinas.

International

Irving-Las Colinas is a top contender in international business recruitment. The International Trade Development and Assistance Center (ITDAC) provides tools and resources for international firms seeking a U.S. location as well as U.S. businesses looking to expand into the international marketplace. Currently more than 150 companies in Irving-Las Colinas are foreign-based – over 40 from Japan alone – and that number continues to grow.

The ITDAC ratified a Memorandum of Understanding (MOU) with the French-American Chamber of Commerce and has two other potential MOU opportunities in the works with the German-American Chamber of Commerce and the Nepalese-American Chamber of Commerce. These MOUs are valuable in cooperative trade and investment projects as well as Sister Cities opportunities.

Additionally, through partnerships with the U.S.-Mexico Chamber of Commerce, DFW International Airport, Texas Economic Development Corporation (TEDC), Team Texas, DFW Marketing Team and international trade missions, we continue to be a highly-attractive location for foreign business investment.

Workforce/Education Growth

Irving-Las Colinas’ workforce is skilled, diverse and competitive. Because of our central location, more than 175,000 people commute into the City for work every day and businesses have access to 3.3 million workers within a 30-minute drive. Irving is expected to grow its employment base by 73% or 421,000 people by 2040. The Chamber and the IEDP work strategically with our secondary schools, higher education institutions, technical schools and businesses to develop classes and curriculum for their current and future employees to learn the skills they need. One example is Nokia and Premcell, a wireless technology consulting firm, partnering with North Lake College to create an eight-week technology training program. This year served as the inaugural class. Seventeen students graduated.

Additionally, the Chamber has helped to facilitate focus groups for business industry to determine what their incoming workforce wants in a company, allowing businesses to take the intel, implement and attract new talent. As our team works to consistently asses the talent landscape of our region, our goal is to create more effective collaborations to better align Irving-Las Colinas and North Texas regional educational and training resources with the specific talent needs of our business community today and beyond.

175,000WORKERS

COMMUTE DAILY INTO THE CITY

73%INCREASE IN

EMPLOYMENT BASE BY 2040

3,300,000WORKERS

WITHIN A 30-MINUTE DRIVE

1,399,827SQFT

TOTAL OFFICE SPACE LEASED / PURCHASED

/ CONSTRUCTEDFY 2017-2018

$3,005,546ANNUAL MUNICIPAL TAX

POTENTIAL

$423,388,000CAPITAL INVESTMENT

1,506RETAINED

JOBS

2,359NEWJOBS

$506IN PUBLIC ECONOMIC

DEVELOPMENT FUNDING

=1

JOB CREATED IN IRVING-LAS COLINAS

=36

WINS IN FY 2017-2018

$11.57SAVED IN TAXES

ANNUALLY BY THE AVERAGE HOUSEHOLD

Small Business Development

Small business continues to drive the economy, making up 80% of the Chamber’s member-investors. The Chamber has worked to develop viable content focused on finance, technology, marketing, and communication opportunities for our small business member-investors.

This year, the Chamber partnered with Women’s Leadership Live for Shop Main Street America. It was an opportunity for entrepreneurs and small businesses to pitch their products for a chance to be highlighted on the Home Shopping Network.

For a second year, the Chamber partnered with the U.S. Chamber of Commerce for its Small Business Master Class held at the Irving Convention Center at Las Colinas. Over 300 small business leaders from across the region convened to share best practices and learn from national thought leaders.

Our team also partnered with the U.S. Chamber and American Express for Small Business Saturday, hosted quarterly meetings of the Heritage Crossing Marketing Focus Group to discuss potential partnerships and marketing opportunities, including the launch of First Fridays to encourage residents and visitors to dine and shop in the Heritage District on the First Friday of each month. We continue to offer two networking programs each month for creating new business relationships and a quarterly program to introduce small businesses to the procurement process of doing business with larger companies and governmental entities.

We continue to be a resource for entrepreneurs through the Service Corps of Retired Executives (SCORE) hosting more than 450 meetings

in our office, aiding in the startup of more than 55 businesses in the last 9 years.

Public Policy Priorities

The Chamber serves as a key conduit to the diverse business community fueling business growth, promoting capital investment, recruiting high-skilled jobs and improving the quality of life for our community. To ensure Irving-Las Colinas remains economically prosperous, we need sound public policy that supports our employers, their employees and continued investment in our City. The Chamber serves as a trusted advisor on these policy issues and a critical advocate for business priorities at all levels of government including – federal, state, county and local.

North American Free Trade Agreement (NAFTA)Trade is a key priorities. The Chamber, working with our partners at the U.S. Chamber of Commerce (USCC) signed on to and sent letters, and made Congressional visits, urging Congress to work together to find ways to modernize the agreement that would foster strong relationships with both Canada and Mexico while also promoting the U.S. economy.

Deferred Action for Childhood Arrivals (DACA)In partnership with the Texas Association of Business (TAB), the Irving-Las Colinas Chamber gathered support and signatures from businesses for the renewal of DACA as a critical piece for the local workforce and Texas economy. The Chamber also joined a statewide amicus brief opposing the lawsuit filed by the Texas Attorney General that challenges DACA’s legality.

Fiduciary RuleThe Chamber joined the USCC and TAB in challenging the Department of Labor’s Fiduciary Rule in federal court which was ultimately successful.

TariffsThe Chamber continues to work opposing the harmful tariffs being placed on various industries including automotive, steel and aluminum sectors.

5G TechnologyThe Chamber is an advocate for bringing 5G technology to North Texas as an important recruitment tool for business industry, its workforce and Smart Cities initiatives.

RELOCATION SQFT

Another Time Vintage 1,700

Datalogic 6,500

Gartner 152,086

IESO 2,766

Legends Crossing (Residential) 251 Homes

Market Street 58,000

Mighty Paws Luxury Spa & Chateau 1,480

Pacific Dental 39,450

PCI Group 62,000

Perkdale Cake & Coffee 1,600

Platinum Auto Trends 150,000

Sapp Sapp Lao & Thai 1,600

Seko 98,500

Shops of Las Colinas 185,000

Southern Junction 20,000

TCBY Frozen Yogurt 1,500

Texas Roadhouse 7,100

The Terraces (Residential) 206 Homes

UT Southwestern Medical Office 70,000

Venture X 12,500

Walk-On Bistreaux & Bar 8,500

Women’s Business Council Southwest ** 4,242

RETENTION / EXPANSION SQFT

Alphagraphics Las Colinas † 4,500

Another Time Vintage 2 3,100

Citi 50 New Jobs

Frito–Lay † 10,000

Healthcare Associates † 95,000

Medallion Midstream ** 28,058

Mimecast 17,000

Nautilus Hyosung America ** † 11,000

NCH Corporation ** 194,000

Pei Wei Restaurant 3,160

Smurfit Kappa † 24,034

Sourcecorp BPS † 99,451

US Bank † 26,000

Vistra Energy ** 65 New Jobs

* The Irving Economic Development Partnership is a public/private strategic collaboration of the Irving-Las Colinas Chamber of Commerce, City of Irving, Irving Convention & Visitors Bureau, Las Colinas Association, private business industry investors.

** Corporate Headquarter† Expanded into current space, added job

Economic Development

The Irving Economic Development Partnership (IEDP),* led and managed by the Irving-Las Colinas Chamber of Commerce (Chamber), continues to deliver outstanding results. FY 2017-2018 included activity creating and retaining more than 3,800 jobs and projects generating more than $400 million. These 36 diverse “wins” represent everything from start-ups and small businesses to residential and retail to corporate headquarter operations. The nearly completed Toyota

Music Factory, a North Texas hub for entertainment, the continued development of transit-oriented developments (TODs) like Verizon’s Hidden Ridge project and Gables Water Street, as well as our world-class infrastructure, diversity and location make Irving-Las Colinas one of the most desirable places for business industry and its workforce around the globe.

AVERAGEHOME SALE

IN IRVING

$278,952

MEDIANHOUSEHOLD

INCOMEIN IRVING

$56,846

POPULATIONNORTH TEXAS

7,058,290

POPULATIONCITY OF IRVING

236,607

POPULATION LAS COLINAS

37,133

MEDIANAGE

IN IRVING

32

I rving-Las Colinas is the 2ND LARGEST EMPLOYMENT CENTER IN NORTH TEXAS with an estimated 218,000

jobs and 22.5 million square feet of prime office space.

U niversity of Dallas, located in Irving, is named THE

HIGHEST-RANKING BEST VALUE CATHOLIC SCHOOL IN TEXAS by U.S. News & World Report

I rving-Las Colinas is HOME TO 80 PARKS AND 28 MILES

OF SCENIC TRAILS.

I rving has 6 SISTER CITIES – Merton, England; Espoo, Finland; Boulogne-Billancourt, France; Marion, Italy; Leon

Guanajuato, Mexico; Darkhan, Mongolia.

I rving ISD & Carrollton-Farmers Branch ISD received an “A-” GRADE and Coppell

ISD got an “A+” GRADE from Niche.com

L ocated in Irving’s Las Colinas Urban Center, The

Pavilion at Toyota Music Factory is the 9TH HIGHEST ATTENDED AMPHITHEATER IN THE WORLD.

I rving is the 13TH MOST DIVERSE CITY IN AMERICA

according to Niche.com, and 75038 in Irving is THE MOST DIVERSE ZIP CODE IN THE U.S.

Greater Irving-Las Colinas Chamber of Commerce

The Towers at Williams Square5201 N. O’Connor Boulevard, Suite 100Irving, Texas 75039

tel (214) 217-8484fax (214) 389-2313chamber@irvingchamber.comirvingchamber.com

/irvingchamber @irvingchamber /irvingchamber

/company/greater-irving-las-colinas-chamber-of-commerce

Chamber Member-Investor Opportunities

At the Irving-Las Colinas Chamber of Commerce, our member-investors drive our success. Investment in the Chamber creates economic activity, advances the mission of our businesses and promotes the Irving-Las Colinas community.

More than 1,900 member-investors, representing nearly 250,000 employees, are committed to making an active contribution and working strategically together for our community. We have been Delivering Irving’s Future through:

Economic Development Lead the community’s efforts to recruit,

retain, and expand business industry in Irving-Las Colinas.

Business Advocacy Actively advocate at the federal,

state and local level for pro-business policy.

International Growth Foster global accessibility and

Foreign Direct Investment opportunities for our community.

Global Ambassadors Serve as the conduit to cultivate

business relationships and share the Irving-Las Colinas story on a global stage.