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Press Release For Release: January 27, 2016 CONTACT: Greg Sowell, 972-897-2762To view the State of the City Intro video, Please click here. RICHARDSON STATE OF THE CITY EVENT HIGHLIGHTS MAJOR ACCOMPLISHMENTS IN 2015Community successes include State Farm, Raytheon...

State Farm intends to hire 1,000 employees this year, with a starting pay of $15.50 per hour. 

 State Farm Insurance plans to sell its new 2 million-square-foot regional hub in Richardson in a deal that could be valued at upwards of $800 million.

The 4-building Galatyn Commons office campus in Richardson is being renovated following State Farm’s move to its new buildings. California-based Spear Street Capital – which bought the 800,000-square-foot office project at 1011 Galatyn Parkway in 2014 – is working with Cushman & Wakefield and Peloton Commercial Real Estate on an ambitious redevelopment plan for the property.

The California State Teachers’ Retirement System has acquired Synergy Park, a 300,000-square-foot University of Texas at Dallas data center and office property adjacent to the university campus in Richardson.

International Economic Development Trip to AsiaA delegation representing Richardson Chamber of Commerce and the Mayor's Office of International Business traveled to Asia lin September to attract foreign companies to Richardson and visit several large companies with...

The Richardson Restaurant Park, a crop of up to seven restaurants north of Spring Valley Road, is to open next year, supplanting about a dozen businesses, including a past-its-prime motel.

GEICO, the fastest growing auto insurer in the country, is well on its way to writing its one millionth policy in Texas. To keep up with the demands of its growing policyholder base, GEICO is relocating its Dallas office to a larger location in Richardson, Texas.

Richardson’s economic development strategy of welcoming quality creators and users of technology produced the two biggest splashes of the summer and early fall months: RealPage, a Software-as-a-Service company that specializes in real estate; and insurance giant GEICO.