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Downtown is a predominant business center with 2,500
businesses representing the region’s major industries:
accounting, advertising, architecture, communications, finance,
government, law, hospitality, insurance, real estate and trade.
- Among the 200 businesses with corporate or regional headquarters
in Downtown are Belo, Blockbuster, Hunt Consolidated, Lincoln
Property Co., Odyssey HealthCare, Omnicon, Radiologix, RTKL
Associates, SWS Group, Trammell Crow Company, Turner Construction, 7-Eleven, Inc.,
and two Fortune 500 companies, Neiman Marcus and TXU.
- 34% of Downtown businesses have operated in Downtown for
10 years or less. The median number of years of operation
is 16.
- Approximately 9% of Downtown companies employ 100 or more
people.
- Federal, county and city offices are concentrated in Downtown.
- Downtown is a media and communications center, with leading
firms such as SBC, Belo and Univision
- D/FW area businesses based in the Downtown area include:
| • |
7 of the largest accounting firms |
| • |
8 of the largest money management firms |
| • |
9 of the largest stock brokerages |
| • |
9 of the largest banks |
| • |
10 of the largest architecture firms |
| • |
10 of the largest advertising agencies |
| • |
12 of the largest commercial property managers |
| • |
17 of the largest multi-tenant office buildings |
| • |
21 of the largest law firms |
Taxes
The primary business tax in Texas is the Corporate Franchise
Tax, also referred to as the Capital Values Tax. Texas has
no personal or corporate income tax.
| City of Dallas |
$0.7197 |
| Dallas Independent School
District |
$1.6694 |
| Dallas County |
$0.46336 |
| Dallas County Community
College District |
$0.0803 |
| TOTAL |
$2.93276 |
2005 Downtown Improvement District
Assessment Rate
(per $100 Assessed Valuation; district boundaries are Woodall
Rodgers, US75, I-35E and I-30)
$0.1070
| State |
6.25% |
| City of Dallas |
1.00% |
| DART |
1.00% |
| TOTAL |
8.25% |
|
| State |
6.00% |
| City of Dallas |
9.00% |
| TOTAL |
15.00% |
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Why Downtown?
“We like the convenience of being Downtown,
with easy access to other service firms and the amenities
of Downtown. It’s also important for our people to have
ready access to DART.”
Hill Feinberg, First Southwest Co.
“The West End has become a major hub for
creative companies such as ours, as well as a significant
contributor to the resurgence of Downtown Dallas.”
David Mullen, hawkeye/FFWD
“When we stepped back and looked at it,
we said, ‘Where else can you get all these amenities?’
There are a lot of advantages we see in being Downtown.”
Robert Wilson, Haynes & Boone
DOWNTOWNDALLAS
1412 Main, Suite 2500
Dallas, TX 75202
info@downtowndallas.org
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