The Frisco Economic Development Corporation (FEDC) has reported a record-breaking year in job creation and capital investment, marking a significant milestone in its five-year strategic plan. Over the past three years, Frisco has welcomed 70 new or expanding businesses, resulting in nearly 10,500 jobs created or retained and a 24% reduction in labor outflow.
In 2024 alone, the FEDC facilitated 26 business projects and four real estate developments, generating more than 4,000 new and retained jobs and securing over $1.5 billion in private capital investment. The city also added 1.8 million square feet of commercial space, with 260,000 square feet leased. Frisco continues to be a prime office market, boasting a Class A office vacancy rate 6% lower than the regional average of 24%, according to CoStar.
Frisco’s population has seen substantial growth, reaching 234,424 in 2024, with an annual growth rate of 6.9% and a compound annual growth rate of 5.4% over the past decade.
“As we enter the fourth year of our five-year plan, we expect to maintain strong momentum, attracting high-impact projects while keeping tax rates low for residents,” said Jason Ford, President of Frisco EDC.
