DFW International Airport brings in billions to the region every year.
Nearly every business that relocates its headquarters, cites DFW as a reason for a big move., previously known as Dallas-Fort Worth Regional Airport, which landed its first ceremonial flight in September 1973 and welcomed its first commercial passengers in January 1974, turning Dallas-Fort Worth into a major aviation hub and sparking an economic surge.in a cafe nearly 25 years ago, dreaming of owning a business and looking out on thousands of travelers a day, shopping, eating and flying.
“Two months later, we announced Toyota was moving their headquarters,” Donohue said. “It was their group, their forward search team, that’s who I met with, I found out two months later.”in 2017, relocating from Torrance, Calif. At the time, 2,800 employees made the move to the new campus located in Plano. Some cited the airport’s growing number of flights to Japan. This year, there are 1,018 flights planned between the two carriers that fly to Japan, American Airlines and Japan Airlines.
Business activity generates tax revenue through sales and hotel occupancy taxes, Perryman said. The property tax base and related taxes are also increased due to higher demand for commercial space and housing due to well-paying jobs.operations, visitor spending and cargo activity lead to an increase in annual tax receipts of approximately $7.1 billion to the federal government, $3.1 billion to the state and $1.9 billion to local government entities across North Central Texas.
After Toyota moved to DFW, Charles Schwab announced its relocation in 2019, leaving San Francisco, Calif., to move in by 2021 to its new Westlake campus. It followed McKesson, the nation’s largest pharmaceutical distributor, which moved its headquarters to Irving in 2019, and Core-Mark Holding Co.
Dallas Mayor Eric Johnson and Fort Worth Mayor Mattie Parker were introduced to guests by DFW Airport CEO Sean Donohue who delivered the 2023 State of the Airport at the airports Hyatt Regency, October 2, 2023. Donohue spoke about the airport’s tremendous growth and upcoming multi-billion dollar capital program which will include a high-end makeover of Terminal C and the development of the new Terminal F.
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