News & Events in Irving/Las-Colinas, TX

Here’s an update on the latest news and events taking place in Irving/Las-Colinas, Texas:

Expansions/Relocations

Annually, the Chamber-managed Irving Economic Development Partnership generates more than $2.75 billion, 3,000 new jobs and 800 retained jobs for the City of Irving.

Recent expansions include an Irving pathology diagnostics company, Caris Life Sciences, which has moved its headquarters to the Las Colinas Corporate Center. The company employs more than 500 people, and more than 2,000 physicians nationally use Caris.

Health Management Systems (HMS) is another company that has recently chosen to expand in Las Colinas. While the company was recently named the 12th best small company in America by Forbes Magazine, expansion plans in Irving will soon elevate the company beyond that of a “small company.” Of the company’s 1,900 employees, 700 are in Irving, and that number is growing rapidly. HMS is hiring at a rate of 300 new jobs per year, many of which will call Irving home.

The health industry however is just one industry that’s booming in Irving. From health industries to snack foods, Irving has it all. A recent relocation to Irving is Hostess Brands, makers of iconic and celebrated brands including Wonder Bread and Twinkies. Formerly known as Interstate Bakeries and formerly based out of Kansas City, the company chose to bring its rich tradition and storied operations to the pro-business city of Irving.

Developments

The Irving Convention Center at Las Colinas, on the DART Orange Line, in the heart of the Urban Center, broke ground in 2008 and the $133 million facility is well on its way to completion in late 2010. The building’s unique architecture, vertical design and hotel-caliber interior finishes will create a new niche in the meetings marketplace. Anchoring a 40-acre city-owned site, the Convention Center is just the first phase of a mixed-use entertainment complex that will also feature the Las Colinas Entertainment Center on its south end – a culmination of live music, culture and cuisine. The centerpiece will be the concert hall, setting a new standard for multi-dimensional performance spaces with Live Nation, the world’s largest player in the live entertainment industry, booking the talent.

Numerous other transportation-oriented developments will dot Irving’s landscape in the coming years. With light rail connecting Irving, the third largest employment center in the Metroplex, to downtown Dallas and Dallas/Fort Worth International Airport, it is little wonder developers salivate over opportunities in Irving. In fact, the City of Irving recently cleared the way for redevelopment of some of the most prized land in all of North Texas. Where Texas Stadium once sat, Irving has 350 acres of prime real estate much of which is poised for redevelopment. Situated on the light rail line, with traffic totals of 700,000 cars/day on the three highways which surround the land, the old stadium site may one day be home to another Fortune 500 company, a hotel, and deck park over the highway.

Other News

Business is thriving in Irving. In fact, as Fortune Magazine has released its annual ranking of America’s largest corporations, Irving now claims five Fortune 500 companies with headquarters in the city. Flowserve Corporation joins ExxonMobil, Kimberly-Clark, Commercial Metals and Fluor Corporation in the 2010 Fortune 500 listing. Overall, more than 40 Fortune 500 companies maintain a presence in Irving!

For the latest news from Irving, visit www.irvingchamber.com, and click the news tab.