Fast Facts

COMMUNITY PROFILE

Demographics

Population: 49,047 Growth Rate: 26% since 2000 Median Age: 38.2 Per Capita Income: $28,375 Avg. HH Income: $82,311 Population Age 25+ High School Degree or Higher: 88.6 Population Age 25+ Associate’s Degree or Higher: 38.0 Education: DeSoto ISD has several recognized schools serving over 8,700 students. Visit www.desotoisd.org Public Library: Excellent multi-media facility
Source: NTCG and Claritas, Inc., June 2011

Plentiful Labor Supply

The Dallas/Fort Worth Metroplex (MSA) employs a labor force of more than 3,013,775 workers. DeSoto draws from the skilled labor force, and the over 35 universities and community colleges in the Dallas/Fort Worth Metroplex.

The largest employers in DeSoto include retailers, manufacturers, healthcare providers, a publisher and governmental organizations.

Utilities

Electric Power: Oncor Electric
Delivery Natural Gas: Atmos Energy
Water/Sewer: City of DeSoto
Telecommunications: AT&T, Time Warner

Aggressive and Flexible Incentives

Economic development incentives are used to encourage industrial and commercial retail/office business growth and development in DeSoto.

Tax Abatement
100% Tax abatement may be available for up to 10 years on new real property improvements, machinery, and/or new equipment for qualifying businesses. Minimum requirements are: An investment of $1.0 million for new construction or development, or an investment of $1.0 million for expansion of an existing facility or investment in machinery and/or equipment. Application for abatement is required prior to the commencement of construction or purchase of business personal property.

Triple Freeport Equivalency
Under Section 380 of the Local Texas Government Code, the City may grant cash rebates to a business to equal up to 100% of the value of the taxed freeport inventory. Inventory must first qualify for freeport through the Dallas Central Appraisal District and the Dallas ISD.

Infrastructure Participation
The DeSoto EDC will consider offering full or partial financial assistance to build and/or improve roads, install utilities, and upgrade infrastructure to encourage business growth and development in DeSoto.

Sales Tax Rebates
The City of DeSoto will consider refunding a portion of the sales tax applicable to sales made by desired retail establishments in designated neighborhood empowerment zones.

Economic Development Cash Grants
Grants may be available to new, expanding, and relocating companies which are planning to make a new investment in DeSoto. Grants are screened by the incentive application submitted and a return on investment analysis. These grants may be used to renovate existing facilities, pay any associated construction fees, buy down the price of land, prepare the site, conduct engineering studies, or pay for any other activity necessary for a new, expanding, or relocating business.

Income Tax

The State of Texas does not impose a personal or corporate income tax. Texas is also a Right-To-Work state.

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LOVE AT FIRST SITE

DESOTO IS THE PLACE TO BUILD YOUR COMPANY’S FUTURE

DeSoto’s superb location, competitive land prices ranging from $.50 to $1.50 per sf, beautiful and developed business parks, ethnic diversity, educated and skilled workforce, and pro-business attitude offer a bright future for new, relocating, and expanding businesses!

Strategically located in the DFW Metroplex at the crossroads of I-20 and I-35E, just 12 miles from downtown Dallas and 22 minutes from the DFW International Airport, the City of DeSoto offers your company a strong foundation on which to flourish.

The DeSoto Economic Development Corporation (DEDC) works hard to support new and expanding companies and creatively customizes incentive packages based on individual business needs.

What DeSoto has to offer:

More than 400 acres of land are available for industrial and commercial development with immediate access to I-35E (NAFTA) and I-20. U.S. 67 and I-45 offer strategic connections to portions of Texas and the United States. This area is home to leading companies such as Kohl’s, McGraw-Hill Publishing, DIAB, ZEP Manufacturing, Solar Turbines, Kauffman Tire, DW Distribution, The Warrior Group and Wal-Mart Distribution. Hillwood Development has recently completed construction on the first phase of a 2.3 million square foot commercial center known as Crossroads Trade Center located on I-35 and Centre Park Blvd.

Kohl’s New 951,000 sf E-Commerce Distribution Hub

“This new facility will ensure that Kohl’s is able to accommodate the tremendous growth of our Kohls.com business. We anticipate creating approximately 400 jobs for the community in a phased approach over the next 3 years.”
- Ken Bonning, Kohl’s Executive Vice President of store planning and logistics.

Central Time Zone Reach 93% of the U.S. market by truck in 2 days

DESOTO IS STRATEGICALLY POSITIONED TO REACH ALL MAJOR HIGHWAY AND INTERSTATE CONNECTIONS IN THE DFW METROPLEX

East-West
I-20, located less than a mile north of DeSoto, provides direct access to Tyler and Shreveport, east of the Metroplex and Fort Worth to the west. I-30, accessible via I-20 & I-635, provides direct access to Little Rock.

North-South
DeSoto offers 4 miles of frontage along the west side of I-35E (NAFTA). I-35E extends southward to Austin and San Antonio and northward to Oklahoma City and Kansas City. U.S. Highway 67 intersects DeSoto on the west at Wheatland Road and I-35E to the north in Dallas.

Air Service

DFW International Airport
DFW International Airport is ranked as the third busiest airport in the world and serves more than 60 million passengers with nearly 1,900 flights per day. DFW provides nonstop service to over 36 international and 133 domestic destinations. Flying times to any major North American city takes less than four hours.

Dallas Love Field
Dallas Love Field is served by Southwest, American/American Eagle & Continental Express airlines, offering passenger service to U.S. locations.

DeSoto Heliport
The DeSoto Heliport, located in the Eagle Business & Industrial Park, will elevate DeSoto as an economic and transportation center. DeSoto’s urban heliport will fulfill the vision of a vertical flight facility and contribute to the growth of North Texas aviation.

Dallas Executive Airport
Dallas Executive Airport is a public commercial airport serving local businesses. Facilities include a 6,451 ft. concrete/asphalt CWlway, fixed base operations and instrument landing system.

Lancaster Airport
This reliever airport fronts the south side of Belt Line Road east of I-35E. The 6,934 ft. asphalt CWlway is capable of accommodating single engine as well as large corporate aircraft.