Frisco is growing. We know that. But just how much is it growing? The numbers are staggering.
The Frisco Economic Development Corporation (FEDC) announced another record year for job creation and capital investment, marking a significant milestone at the midpoint of its proactive five-year strategic plan.
The plan aims to attract and retain major employers while fostering a thriving innovation ecosystem.
Frisco’s Growth Broke Records In 2024
In 2024 alone, the FEDC spearheaded or supported 26 business projects and four real estate developments, showing growth year over year. The previously reported data shows that in 2022, Frisco saw only 14 business projects.
In 2024, FEDC initiatives resulted in:
- More than 4,000 new and retained jobs
- Over $1.5 billion in private capital investment
- More than 260,000 square feet leased
- 1.8 million square feet of new commercial space
Frisco also boasts one of the highest office leasing activities in the region. The city's Class A office vacancy rate is six percentage points lower than the regional average of 24%.
“Over the past three years, we added three million square feet of new commercial office space which is the about the same as one Empire State Building,” said FEDC President Jason Ford.
“As we enter year four of our five-year plan, we expect to maintain great momentum with more exciting projects ahead,” Ford said in an official statement. “Our focus remains on benefiting our citizens by keeping tax rates low while bringing in major projects to the city.”
How Frisco Keeps Attracting Business
Frisco’s appeal as a prime destination for business projects and expansion continues to grow. Over the past three years, Frisco saw the establishment and expansion of 70 companies, leading to the creation or retention of nearly 10,500 jobs and a 24% reduction in the labor shed.
"Frisco is one of the most desirable locations in Texas and in the United States for business relocation and expansion opportunities," Frisco EDC Board Chair Shanna Keaveny said. "We've created an ecosystem that attracts major corporations, e-sports, entrepreneurial start-ups and world-class sports. Plus, with a highly educated and diverse citizen population, we can attract a variety of industries because companies know they can find the right talent in Frisco."
The city has a long history of corporate relocations, bringing companies such as McAfee, Ruiz Foods and TIAA to the city. “We punch way above our weight class when it comes to corporate relocations,” Frisco EDC Vice President Gloria Salinas previously said.
Why Frisco’s Continued Growth Matters
Frisco has led the nation in housing expansion, more than tripling its inventory to surpass 85,000 units by 2023. During this period, it ranked first nationally in both multifamily and single-family home growth.
Census data reports that Collin County's population was 1,064,465 in 2020, growing to approximately 1,193,092 by 2023. As of 2024, the county’s population estimate has been revised upward to 1,209,295 — an increase of 40,900 residents from previous projections. Frisco alone saw a strong 10.2% growth rate, driving demand for more jobs to support its rapidly expanding community.
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