2011 marked a milestone for the Frisco Economic Development Corporation – 20 years! As one of the fastest growing cities in America, we saw significant changes in the blueprint of Frisco. As of today, Frisco’s population is almost 135,000, which is up from a population of about 33,000 people in 1991.
Business activity in 2011 was thriving. During 2011, the FEDC facilitated 25 new projects in Frisco, potentially filling or adding 839,761 square feet, with a potential capital investment of $152,655,500 and possibly created or retained 2,034 jobs for our community.
With the assistance of the FEDC, the City of Frisco welcomed several new companies to the community including GENBAND US, Astadia, Inc., CLAD, Inc., Cornerstone Automation Systems, Inc., University of Texas – Arlington, Dairy, LLC and Schlumberger Technology Corporation. We also had several of our local companies expand their office space. Fiserv Solution, Inc., Cobb Fendley, AmerisourceBergen and Athletes Performance all were retained!
For new development, Insight for Living is building their company headquarters at the southeast corner of Lebanon Rd. and Parkwood Blvd. Downtown welcomed Forest Park Medical Center who is constructing an 83 million dollar hospital and medical office building in Frisco Square. An exciting addition to Frisco Square was the 60 million dollar development and a Corporate Headquarters with the relocation of Gearbox Software. Frisco was excited to have the opening of our first Costco on the southeast corner of the Dallas North Tollway and Eldorado Parkway.
Frisco continues to be a destination location. On January 5, 2013, we welcomed back the NCAA Division I Championship Game. The game sold out, and Frisco was awarded the right to host the game for another 3 years! Hilton announced the development of a Home2Suites and Forest City announced plans for a major mixed-use development for Frisco North located at the southwest corner of Hwy 380 and the Dallas North Tollway. Also, Frisco’s second Walmart opened at the northwest corner of Preston Road and Hickory Street.
We are excited about future possibilities and all that we will work at attracting, expanding and retaining our current companies. We will continue to work in partnership with our many development partners including the City of Frisco, the City of Frisco EDC, Frisco Convention & Visitors Bureau, Frisco Independent School District, Collin College, Denton & Collin County and to make Frisco, Texas be the place to be.