The Bottom Line
Employment in Allen has grown 4.7% in the past 5 years, reflecting the city’s transition from a bedroom community to support more vibrant commercial activity and doubling the employment growth in the fast-growing Dallas metro.
Source: Jobs EQ – Updated 8/1/2020
The Bottom Line
Collin County captured a large portion of new growth, absorbing 10.8% of Texas’ new residents and 22.9% of those who moved to the Dallas-Fort Worth area. In other words, 1 out of 10 new residents in Texas and 1 out of 5 new residents in DFW went to Collin County.
“Allen’s 121 corridor is expected to be a high growth area in North Texas”.
Located 30 minutes north of downtown Dallas and about 30 minutes east of Dallas-Fort Worth International Airport, Allen has emerged in recent years as a hotbed of high-tech talent and ingenuity.
From the innovative MonkeySports, which relocated their corporate headquarters from CA with 250 jobs, to CVE Technology, which brought 1,200 jobs and their NJ corporate headquarters, Allen is on a roll. Other recent expansion projects include KONE, which moved 115 jobs into 250,000 sq. ft.; IntelliEpi, which brought 75 positions to a 50,000-sq.-ft. facility; and Purus Labs/Formulife, which announced 65 workers taking up 45,000 sq. ft. of flex space.
Smaller firms are choosing to grow in Allen as well: Harris True Automation announced 60 jobs, while TOPS Software brought 20 employees and Nine-Brand Brewing created seven positions at its startup microbrewery.
What they all have in common is a desire to be part of a progressive community that enables them and their workers to grow and thrive.
Located along the Highway 121 Corridor near the Legacy area (future home of Toyota’s North America headquarters), Allen is considered part of the up-and-coming Platinum Corridor that is currently one of the most desirable corporate addresses in all of Dallas-Fort Worth.
“Allen’s 121 corridor is expected to be a high growth area in North Texas,” says Nichole Vance, marketing manager for the Allen Economic Development Corp. “The open land that is available here with access to the 75 and the 121 will drive future development in this area. When people come here, they see that we are still basically Small Town America with 95,000 people, but we also have all the amenities that you could possibly want.”