Richardson attracts $100M in investments with corporate relocations and expansions

Under the bright lights of Richardson's city hall, a vision for the future unfolded during the State of the City address on July 10, 2025. Mayor Bob Doobie and city officials highlighted the remarkable growth and development that has characterized Richardson over the past year, emphasizing its status as a prime destination for businesses and residents alike.

The meeting revealed that 2024 was a landmark year for Richardson, marked by significant corporate relocations and investments totaling nearly $100 million. Among the most notable announcements was the relocation of Associate, a Dallas-based property management firm, to a new global headquarters in Richardson, which will accommodate nearly 1,000 employees. This move, valued at over $50 million, underscores the city’s appeal to major corporations seeking a vibrant business environment.

In addition to Associate, Childress Engineering and Half also made headlines with their expansions in Richardson, bringing hundreds of new jobs and substantial capital investments. These developments reflect a broader trend of companies returning to office spaces as the post-COVID landscape evolves, with Richardson positioned as a key player in this resurgence.

The city’s strategic approach to economic development includes a three-pronged plan aimed at enhancing corporate campuses, collaborating with property owners for upgrades, and revitalizing outdated office parks. A partnership with Celestica, a Fortune 500 company, exemplifies this initiative, as the company expanded its high-tech manufacturing space, creating 200 new high-paying jobs.

Richardson is not just focused on established businesses; it is also nurturing startups through programs like the Research Award Match Program (RAMP), which provides funding to research-focused small businesses. The first grant was awarded to First Then, a startup dedicated to improving ADHD care for children, showcasing Richardson's commitment to innovation and technology.

International outreach is also a priority, with city representatives visiting India to forge partnerships that could attract foreign companies to Richardson. This effort has already resulted in a collaboration with Startup Runway, which aims to connect international businesses with local resources.

As the meeting concluded, the excitement surrounding Richardson's future was palpable. With ongoing developments in the Innovation Quarter and a commitment to enhancing the core district, the city is poised to continue its trajectory of growth and transformation. The blend of corporate investment, support for startups, and community revitalization paints a promising picture for Richardson as it moves forward into 2025 and beyond.