The Dallas Regional Chamber is launching a new initiative to recruit international companies to North Texas.
To that end, the Chamber has started measuring itself against other major metro areas across the globe, using 10 barometers, indices and rankings from organizations such as PwC, the Economist, and Dell, to improve Dallas-Fort Worth’s competitiveness.
The Dallas region already ranks well in some surveys, such as 16th out of 50 places on Dell’s Future-Ready Economies list, which examines how cities embrace and adapt to new technology. Yet it is not included in the PwC’s Cities of Opportunities 7 report, which looks at the social and economic health of 30 global centers of commerce and business (London, Singapore and Toronto topped the list; New York placed sixth).
“The Dallas Regional Chamber is working toward the day when an institution like PwC takes a roll call of the world’s most influential business cities, and Dallas is integral in the discussion, as much as New York and London,” said Sarah Carabias-Rush, head of the DRC’s International Team.
“A key part of our work will be getting the word out to business leaders, investors and influential organizations across the globe.”
Carabias-Rush said the Dallas region already has the essential ingredients of a world-class business climate, including one of the world’s busiest airports, an innovative and culturally diverse population, and an excellent quality of life.
Accordingly, the Dallas Regional Chamber will intermittently benchmark its rankings against other cities, and publish the outcomes.
Aside from the Dell and PwC rankings, the Dallas region will be monitoring The Economist’s Hot spots 2025; the A.T. Kearney – Global Cities Index; the Anholt-GFK City Brands Index; the IESE Center for Globalization and Strategy – Cities in Motion Index; the 2ThinkNow – Innovation Cities Index; the Mercer – Quality of Life Rankings; the Saffron – World City Business Brand Barometer; and The Mori Memorial Foundation — The Global Power City Index.
“A key part of our work will be getting the word out to business leaders, investors, and influential organizations across the globe,” she said.
INTERNATIONAL RELOCATIONS HAVE BEEN VITAL
Recent international relocations and expansions announced for the Dallas Region include Japanese IT firm NTT Data opening its North American headquarters in Plano; Germany-based Triathlon Battery Solutions Inc. locating its U.S. headquarters in Coppell; Japan-based OKI Data Americas operations hub in Irving; and the London-based Misys financial software firm opening a Plano location.
The benchmarking initiative is part of the Dallas Regional Chamber’s strategic plan to build upon its successes by recruiting additional U.S. and North American headquarters; by raising the region’s profile in international markets; and by supporting the establishment of new international direct flights.
BENCHMARKING DALLAS: GLOBAL CITY RANKINGS
Click the image below for a full size view of the chart.
[Source: The Dallas Regional Chamber]
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