From Phoenix To Frisco: Texas Extends Incentive Dollars To Lure Contractor HQ
Gov. Greg Abbott offered almost $1M in incentive funds to attract the headquarters of CORE Construction from Phoenix to Frisco.
CORE Construction already has satellite offices in Frisco and Fort Worth, where it has worked on projects such as the Frisco High School addition and the Frisco Memorial Stadium renovation, as well as Dallas Fire Station No. 50 and the solar arrays on NRG Stadium in Houston.
CORE Construction has more than 50 employees at its Frisco operation. A Texas Enterprise Fund grant of $970K has been extended to CORE West Inc. to move another 100 or so headquarter jobs to Frisco.
CEO Jim Jacobs said the new headquarter facilities would co-locate with the current Frisco operation in Cobb Business Park, 10625 North County Road. The expansion also will include a training facility.
"This move will support the future growth of our firm and allow us to continue providing professional construction services to our clients across the country from a centralized location," Jacobs said in a statement Tuesday. "Texas provides a business-friendly environment, comfortable living for our employees, and improved access to our other offices across the country."
Many of the jobs moved to Frisco are expected to be high-paying executive positions. CORE has 17 satellite offices in eight states.
The Texas Enterprise Fund helped to close the deal on 28 projects from 2015-2018 that committed over $849M in new capital investments and more than 16,000 new direct jobs across the state. Last year, $43M from its budget was reallocated elsewhere.
