Dallas for Exports: Globally Connected and Centrally Located
I nternational trade is big business in Dallas. In 2015, global trade in the Dallas-Fort Worth region totaled more than $57 billion. Growing exports from the Dallas metro area underscore the city’s importance as a North American transportation and trade hub. In addition to having one of the most diverse metropolitan economies, the Dallas metro area is the 4th largest economy by output and the lowest cost big business hub in the United States. Dallas has become a magnet for companies interested in expanding both importing and exporting opportunities. One of the best starting points for entering the Dallas marketplace is the Dallas Office of Economic Development (OED), which can provide expert advice, access to resources and tailored solutions. “We cover the full scope, helping you navigate both local and international markets, and we work with you to help you consider your options so you can make an informed decision,” says Jiroko Rosales, assistant director of the Dallas OED. “If you need contacts, we can connect you with the right people and/or agencies for your product or service. If you need warehouse, distribution or office space, we can help you find possible locations. Unsure of local zoning laws, regulations, or requirements? We can offer expertise on each. No matter how large or small your business, we’re here to work with you and help you and your business succeed.” The City of Dallas is centrally located within North America and the greater Dallas-Fort Worth area, well connected by highway, rail, and air: • Within 48 hours from Dallas, 98% of the U.S. population can be reached by truck. • Within 3.5 hours travelers can fly to major business centers such as New York, Mexico City, Los Angeles,Toronto, Chicago and Atlanta. • Dallas is a major interstate hub, with five interstate highways (I-20, I-30, I-35, I-635, and I-45) within the city limits, two major loop roads and 19 federal and state highways. • Three major rail lines pass through Dallas: Burlington Northern Santa Fe (BNSF), Kansas City Southern and Union Pacific. Four intermodal facilities operate in the region. • Dallas-Fort Worth International Airport serves as a regional Port of Entry for customs clearance.With over 1,100 acres leased and 12.1 million square feet of cargo and warehouse space, it offers a full range of on-site logistics support services including freight forwarding, customs brokers, and third party logistics companies. In 2015 alone, over 737,000 tons of cargo enplaned and deplaned at DFW.
• For companies
requiring warehouse, industrial or production space, the City of Dallas has 204 million square feet of inventory, with industrial parks such as Mountain Creek and the International Inland Port of Dallas growing with new facilities and existing leasable space. The DFW area also has more manufacturing activity than any other metropolitan area in Texas. Large manufacturers with major operations in the region include Texas Instruments, General
Motors, GE Transportation, Lockheed Martin, Bell Helicopter, Raytheon and Triumph Aerostructures. In addition, there are several programs in the Dallas metro region that are focused on international trade. The City of Dallas Regional Center (CDRC): Dedicated to assisting individuals and their families through the EB-5 immigration process via investment into businesses and development projects located within Targeted Employment Areas in the City of Dallas.The CDRC offers a variety of qualified investments to foreign investors that meet or exceed program requirements and offers investors features unique to the EB-5 community.To date, the CDRC has successfully funded 17 projects with $220.5 million invested in projects valued at $505 million. Foreign Trade Zone (FTZ): Where designated, allows duty-free importing of foreign-made components that are assembled, manufactured, processed, or packaged. Products for export are not taxed. Dallas-Fort Worth International Airport’s “Alternative Site Framework” expedites approval of FTZ projects in the City of Dallas. Freeport Tax Exemptions: Ad valorem tax exemptions for goods that are detained in Texas for 175 days or less. Incentive depends on location. More information about doing business in the metro Dallas area is available from the Dallas Office of Economic Development at www.DallasEcoDev.org or by calling 214-670-1685.
Texas.Think.Global
2017 Texas Export Guide
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