is a special place. Its workforce, educational, business, governmental and cultural
physical infrastructure are resources that enable many of its resident business
to be more successful here than they would in other geographic locations. Just
by being in Richardson, they enjoy
an “edge.” EDGE also stands for
“Economic Development Growth & Expansion”, so it is a fitting name that we
apply to the REDP’s efforts in the retention of Richardson’s
existing companies.
What’s the Richardson EDGE worth?
Well, to a big business like State Farm, it’s worth the half-billion dollars it is
investing at CityLine to access the IT-savvy
workforce it needs to drive its financial services business. But having an EDGE is not
something that applies only to large businesses.
Some cases in point:
An up-and-coming
technology company was in desperate need of additional space with little time to secure it. Within a
couple of days, the REDP found them an
ideal, move-in ready space and they were able to maintain their business
operations without interruption.
A suppler of communications
services needed a contact to introduce their unique capabilities to the
builders of the State Farm campus. REDP was able to make that connection for them.
A local company was transferring
a dozens of employees to its
facility and needed some community data
that would assist with their working and living in the community. The REDP
provided the data an electronic form so that it could be quickly disseminated
to their employees.
An expanding engineered products
company needed much more manufacturing space and was considering purchasing an
existing
fill that need. REDP provided some financial
incentives that helped close the
deal and retain the company in
The lease renewal was coming up
for a small financial services company, and the owner wanted to know what
comparable rentals were for the market. REDP’s access to a sophisticated online real estate data base provided the answer and enabled the business to negotiate a lower
rent.
While hiring a number of new
employees, a
looking for a source for both general and job-specific training. REDP connected
them with
which helped provide the funding through a State program, saving the company nearly $2,000
per job.
A 100-employee Richardson
consulting firm needed to add onto its existing lease space to house some new
hires but needed the new work spaces before the build-out of the new space was
fully completed. REDP was able to assist in provide them a temporary occupancy permit to begin utilizing the
space right away.
REDP helped a local customer services
company gain a sizable contract with a large insurance company that was
moving employees into the area that needed a computer lab set-up to train their
new hires.
Whether your company is seeking
local customer/supplier, financing or other types of business connections,
introductions to city. county, state and/or federal officials, hiring sources,
educational and training entities, knowledge of available financial incentives,
commercial real estate information or any other external resource that would be
beneficial, the REDP is your one-stop shop.
If you company does not already
have the Richardson EDGE, the first step is establishing a communications
linkage with REDP so that we can better understand your business and your
needs. Even though REDP makes numerous visitations on local businesses, there
are over 3,000 physical business locations in
so we need your help. Give us a call at
will put your business on the path to understanding and benefiting from all
that the
environment entails.