2019

ANNU

AL RE

PORT

A RET

ROSP

ECTIN 2019, THE 5-STAR GREATER IRVING-

LAS COLINAS CHAMBER OF COMMERCE FOCUSED ON CREATING AND REFINING ITS NEW FIVE-YEAR STRATEGIC PLAN, POWERING PROGRESS – FOR YOU. THROUGH YOU. WITH YOU. THIS PLAN IS THE COLLECTIVE VISION OF THE CHAMBER’S STRATEGIC VISIONING COMMITTEE, BOARD OF DIRECTORS, MEMBER-INVESTORS, COMMUNITY STAKEHOLDERS AND CHAMBER STAFF.

$231IN PUBLIC ECONOMIC

DEVELOPMENT FUNDING

= 1JOB CREATED

IN IRVING- LAS COLINAS

38WINS IN

FISCAL YEAR 2018-2019

$10.68

SAVED IN TAXES ANNUALLY

BY THE AVERAGE HOUSEHOLD

=

4,783,082SQUARE FEET

TOTAL OFFICE SPACE LEASED / PURCHASED

/ CONSTRUCTEDFY 2018-2019

$3,685,509ANNUAL NEW

TAX POTENTIAL

$465,136,564CAPITAL INVESTMENT

7,009RETAINED

JOBS

3,617NEWJOBS

Collaborative workspace in Irving-Las Colinas.

Pioneer Natural Resources’ global

headquarters at Hidden Ridge in

Irving-Las Colinas.

A RETROSPECTEC

ONOM

IC DE

VELO

PMEN

TPOWERING PROGRESS ESTABLISHES FOUR AREAS OF FOCUS: PEOPLE, PLACE, POSITION AND IMPACT.Under these priorities, your Chamber will deliver results creating a continuous pipeline of talent, serving as a conduit to connectivity and championing diversity, equity and inclusion to ensure we attract and retain our region’s top asset – our PEOPLE.

We will play a dominant role in promoting our PLACE as the best business address in the world by maintaining and growing the Irving-Las Colinas economic base and competing globally.

Your Chamber will be the advocate and trusted advisor for the business community and POSITION Irving-Las Colinas as a magnet for economic development by amplifying our story.

Finally, we will cultivate Five-Star leaders and maintain operational excellence to make an IMPACT.

We look forward to advancing our mission and building lasting prosperity for Irving-Las Colinas…

…For You. Through You. With You.

THE IRVING ECONOMIC DEVELOPMENT PARTNERSHIP (IEDP),* LED AND MANAGED

UNDER THE DIRECTION OF THE GREATER IRVING-LAS COLINAS CHAMBER OF COMMERCE

(CHAMBER), HAD AN INCREDIBLE YEAR RECRUITING AND RETAINING BUSINESSES.

* The Irving Economic Development Partnership is a public/private strategic collaboration of the Irving-Las Colinas Chamber of Commerce, City of Irving, Irving Convention & Visitors Bureau, Las Colinas Association and private business industry investors. The Partnership exists to fuel business growth, promote new capital investment, create high-quality jobs and improve Irving-Las Colinas’ quality of life.

ECONOMIC DEVELOPMENT ECON

OMIC

DEVE

LOPM

ENTFY 2018-2019 continued the outstanding momentum we’ve built over the past decade. More

than 10,600 jobs were created or retained, generating $465 million in capital investment. The Partnership’s 38 diverse “wins” include corporate headquarters and aerospace, pharmaceutical, manufacturing and distribution, retail/restaurants and financial services. Additionally, we embarked on a campaign called Beyond Boundaries to raise private funding for economic development. Our private sector’s commitment is crucial to attracting global business, talent, and amplifying the Irving-Las Colinas story. Through the diligent work of the IEDP and our partners, we continue to deliver jobs, drive the economy and provide five-star services to our business industry customers day in and day out.

RECRUITMENT NEW JOBS SQUARE FOOTAGE

American Council for Construction Education 2 300

Big Air Trampoline Park 60 30,000

DealerSocket † 100 50,706

Fury Off-Road Tires † 21 75,000

InterContinental Hotel Concepts TBD 320 ROOMS

Irving Football Club 3 250

KOA Partners 6 203,000

Lupe Tortilla 120 69,000

Mama Tried 30 7,500

Mars Confectionery 1,500 1,500,000

McKesson Corporation † TBD TBD

Navient Solutions 50 20,001

OnRobot † 35 1,125

Optym 30 7,000

OVH 15 13,000

Pancheros Mexican Grill 10 2,400

Planet Management Group 130 25,000

Prosper Hospitality 4 2,000

Samsung 320 300,000

Senneca Holdings 100 173,000

The Monkey Junkie 1 1,900

Total Wine & More 70 55,000

VariSpace TBD 424,000

WeWork 1,008 75,000

Workonomy 2 5,490

RETENTION / EXPANSION NEW & RETAINED JOBS SQUARE FOOTAGE

Allstate Insurance 1,300 NEW | 1,770 RETAINED 450,000

Amy’s Hallmark 9 RETAINED 6,500

The Boeing Company 100 NEW | 951 RETAINED 605,000

Caris Life Sciences † 500 NEW 114,000

Darling Ingredients 15 NEW | 380 RETAINED 80,356

Exeter Finance 260 RETAINED 111,795

Flowserve Corporation † 75 NEW | 310 RETAINED 202,314

Frito-Lay 175 NEW 0

Journey Café 4 RETAINED 3,685

MeredithCPAs 30 RETAINED 10,000

Populus Financial Group † 600 RETAINED 81,810

Trend Micro † 175 NEW | 325 RETAINED 71,450

Vito’s Pizza & Grill 30 RETAINED 5,500

† Corporate Headquarters

INTERNATIONAL AFFAIRS

Manager of International Affairs and Sister Cities Joe Lopez, President & CEO Beth A. Bowman, French American Chamber President Bertrand Pelletier, Consul General of France The Honorable Alexis Andres, Irving-Las Colinas Chamber Chairman Lars Rosene, French American Chamber Executive Director Erin McKelvey, and Former Irving Mayor Dan Matkin.

Vice President of International Affairs and Sister Cities Joe Chapa takes part in meetings with Governor Greg Abbott

and Texas Economic Development Corporation during the Japanese and South Korean trade mission.

Antoinette Lafayette, owner of Pink Frosting Cupcakes, was one of three local entrepreneurs who worked with the SCORE program and was highlighted in the national publication, Where Women Work.

SMAL

L BUS

INES

S DEV

ELOP

MENTIRVING-LAS COLINAS IS HOME TO OVER

150 FOREIGN-BASED COMPANIES. THE INTERNATIONAL AFFAIRS AND SISTER CITIES PROGRAM ALLOW IRVING-LAS COLINAS TO COMPETE ON A WORLD STAGE. THROUGH TOOLS AND RESOURCES, THESE PROGRAMS PROVIDE SUPPORT TO IRVING-LAS COLINAS COMPANIES INTERESTED IN EXPANDING INTO INTERNATIONAL MARKETS AND BUILD INTERNATIONAL RELATIONSHIPS. THIS PAST YEAR, OUR CHAMBER FOSTERED ITS SIX SISTER CITY RELATIONSHIPS AROUND THE GLOBE, AND INITIATED DISCUSSIONS WITH SEVERAL OTHER CITIES FOR FORMAL POSSIBILITIES IN THE NEAR FUTURE.

SMALL BUSINESS INDUSTRY MAKES UP THE MAJORITY OF

THE CHAMBER’S MEMBER-INVESTORS. THROUGH THEIR COMMITMENT TO NOT ONLY

OUR CHAMBER, BUT ALSO THE COMMUNITY, WE’RE ABLE TO

DEVELOP PROGRAMS AND PROVIDE RESOURCES TO

ENSURE SUCCESS.Through our work in increasing foreign direct investment (FDI) in the community, we are also fostering new international relationships. Our team partnered with the Texas Economic Development Corporation (TxEDC) for Select USA, an FDI focused conference sponsored by the U.S. Department of Commerce. We also participated in an international trade mission to Japan and South Korea with Governor Abbott and TxEDC. Through this partnership as well as collaboration with the U.S.-Mexico Chamber of Commerce, DFW International Airport, Team Texas and the DFW Marketing team, we continue to ensure Irving-Las Colinas is a global gateway for businesses.

This year, we hosted the inaugural Small Business Blitz. This program enlisted the help of dozens of volunteers to make personal visits to our small businesses throughout the community. During May, these volunteers stopped by 1,076 small businesses to offer a small business resource guide, provide assistance, and serve as a conduit to city services and engagement opportunities for their employees. The feedback was overwhelming, and we look forward to hosting the Small Business Blitz annually.

Your Chamber continues to serve as a resource for our entrepreneurs and startups through the Service Core of Retired Executives (SCORE). The program, part of the U.S. Small Business Administration, hosted more than 247 entrepreneur meetings this year, assisting in the successful launch of more than 60 businesses in the last decade. Additionally, we partnered with Where Women Work, a national magazine, to highlight three of our local entrepreneurs and the businesses they have built including Pink Frosting Cupcakes, RBR Muzik and Glory House.

We continue to promote First Friday Date Night in the Heritage Crossing District to encourage patrons to visit the unique stores and restaurants along Main Street. Your Chamber provides various relationship-building opportunities each month as well as Business Connections

– a program to outline the procurement process of how to do business with various enterprise companies and government entities.

WORKFORCE GROW

THPU

BLIC

POLIC

Y

BEST PLACE FOR A CAREER

– Forbes –

8TH

AVERAGE AGE IN IRVING-

LAS COLINAS

32UNIVERSITIES,

COLLEGES & TRADE SCHOOLS IN IRVING-

LAS COLINAS

7

Irving-Las Colinas is the 14th most culturally diverse city in the country – a highly desirable quality for employers seeking a diverse workforce.

Business executives and community stakeholders participated in Irving Day in Austin in February.

Our talent is one of our most vital assets. Irving-Las Colinas has access to 3.3 million skilled workers within a 30-minute commute. We hear from our business community every day about the need for talented employees. Your Chamber is leading the effort with regional partners on an initiative called Bridging the Talent Gap (BTTG). It’s a campaign to help employers, learning providers and other community stakeholders understand and meet the challenges of an educated workforce. Together with the Graduate! Network, leaders of a national effort to increase college completion among adults, we are collecting industry data to identify ways to bridge the talent gap in our region and our local community.

AS AN EFFECTIVE ADVOCATE AND TRUSTED ADVISOR FOR BUSINESS INDUSTRY, YOUR CHAMBER IS PROUD OF ITS RESULTS DURING THE 86TH TEXAS LEGISLATIVE SESSION. WE ROLLED OUT THE TEXAS

LEGISLATIVE TRACKER, DETAILING IMPORTANT LEGISLATION AND HOW OUR DELEGATION VOTED ON EACH ITEM. OVERALL, WE ACHIEVED A NEARLY

90% SUCCESS RATE ON CHAMBER INITIATIVES. WE WILL CONTINUE TO PROACTIVELY ADVOCATE AT ALL

LEVELS OF THE GOVERNMENT – LOCAL, STATE AND FEDERAL.

ADDITIONALLY, WE CONTINUE TO BUILD OUR RELATIONSHIPS WITH THE THREE PUBLIC SCHOOL DISTRICTS SERVING IRVING-LAS COLINAS — IRVING ISD, CARROLLTON-FARMERS BRANCH ISD AND COPPELL ISD. ALL THREE SCHOOL DISTRICTS ACHIEVED AT LEAST A 90% GRADUATION RATE AND AT LEAST A “B” RATING FROM THE TEXAS EDUCATION AGENCY LAST YEAR.

YOUR

INVE

STME

NT AT

WOR

KPUBLIC POLICY

GREATER IRVING-LAS COLINAS CHAMBER OF COMMERCE

Attracting New Member-InvestorsMarketing/Communications | Retaining Member-InvestorsSmall Business Programming | Legislative AdvocacyAdministration & Operations | Workforce Development

IRVING ECONOMIC DEVELOPMENT PARTNERSHIP

Business Recruitment | Marketing/CommunicationsBusiness Retention/Expansion | International Affairs

Small Business/Entrepreneurial Programming & Services Workforce Development | Administration & Operations

$4,352,959TOTAL BUDGET

35.9%18.9%

16.7%

12.4%7.2%

2.7%6.2%

37.1%21%

19.2%

12.4% 7.4% .5%2.4%

PROVIDING VALUE TO YOU, YOUR EMPLOYEES AND YOUR BUSINESS IS OUR TOP PRIORITY. WE ARE COMMITTED TO CREATING A FAVORABLE BUSINESS ENVIRONMENT FOR OUR CURRENT

AND FUTURE MEMBER-INVESTORS, ADVANCING ECONOMIC GROWTH THROUGH COLLABORATIVE PARTNERSHIPS AND PROMOTING OUR COMMUNITY. UNDER OUR NEW STRATEGIC PLAN, POWERING PROGRESS, WE’RE FOCUSED ON DELIVERING RESULTS LIKE CREATING JOBS,

ENCOURAGING QUALITY OF LIFE AMENITIES, SUPPORTING INFRASTRUCTURE IMPROVEMENTS AND FOSTERING THE NEEDS OF OUR SMALL BUSINESSES AND ENTREPRENEURS.

THE NUMBER OF NEW MEMBER-INVESTORS HAS GROWN BY 5% OVER THE PAST YEAR AND OUR RENEWAL RATE REMAINS AT 93%, 8% ABOVE THE NATIONAL AVERAGE.

ECONOMIC DEVELOPMENTSupport increased funding for the Texas Enterprise Fund (TEF). RESULT $150 million allocated in the budget.

Support the renewal of Chapter 312 tax code to allow municipal tax abatements. RESULT House Bill 3143 passed.

Support legislation allowing Tourism Public Improvement District in Irving. RESULT Senate Bill 642 passed.

Oppose any bill that would be viewed as discriminatory that would damage Texas’ reputation as a business-friendly state. RESULT Several bill were defeated. Senate Bill 1978 passed.

It does not change current religious freedom law.

HEALTHCAREPreserve and protect trauma funding. RESULT House Bill 2048 increases funding to subsidize

unreimbursed trauma care.

Renewal of the Local Provider Participation Fund (LPPF). RESULT House Bill 2326 passed allowing Dallas County to

maximize federal matching funds for Medicaid.

HIGHER EDUCATION Support workforce development through postsecondary education. RESULT House Bill 3808 expands work-study programs

and internships.

PUBLIC EDUCATION & WORKFORCESupport school finance reform. RESULT House Bill 3 includes funding for full-day Pre-K,

increases basic allotment, reduces recapture, adopts high-quality standards.

TAXES & INVESTMENT Monitor legislation that would reduce the City of Irving’s flexibility to address budget issues in a manner best suited for its jurisdiction. RESULT The Chamber hosted property stakeholders

meetings to review legislation, consider a position and discuss the potential impacts with the City of Irving. Senate Bill 2 passed that lowers the rollback rate.

TRANSPORTATION Secure reliable funding for transportation and infrastructure. RESULT Senate Bill 962 ensures continued revenue

allocation under Proposition 7.

Support the privately funded High Speed Rail Project. RESULT No harmful legislation passed.

WATER Ensure reliable and cost-effective water supply. RESULT House Bill 807 requires a new state water plan

every five years.

CHAMBER MEMBER-INVESTOR OPPORTUNITIES

AT YOUR 5-STAR GREATER IRVING-LAS COLINAS CHAMBER OF COMMERCE, OUR MEMBER-INVESTORS DRIVE OUR SUCCESS. MORE THAN 1,900 MEMBER-INVESTORS, REPRESENTING 220,000 EMPLOYEES, ARE COMMITTED TO CONTRIBUTING TO OUR VIBRANT ORGANIZATION AND COMMUNITY. TOGETHER, WE POWER PROGRESS THROUGH:

PEOPLE Workforce Growth

Create a continuous pipeline of talent and culture of inclusion

PLACEEconomic Development

Recruit, retain and expand business industry

in Irving-Las Colinas

POSITIONBusiness Advocacy

Lead advocacy for pro-business policy at all

levels of government – local, state and federal

IMPACTLeadership Excellence

Cultivate Five-Star leaders

GREATER IRVING-LAS COLINASCHAMBER OF COMMERCE

The Towers at Williams Square5201 N. O’Connor Boulevard, Suite 100Irving, Texas 75039

TEL (214) 217-8484FAX (214) 389-2513chamber@irvingchamber.comirvingchamber.com

/irvingchamber @irvingchamber /irvingchamber /company/greater-irving-las-colinas-

chamber-of-commerce