Dallas Fort Worth Urban Forum

DFW Economy

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Cord1936
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Location: Design District

Re: DFW Economy

Postby Cord1936 » 04 Sep 2020 12:07

Global Tech Company Shokworks Inc to Move HQ from Miami to Dallas
BY LAUREN HAWKINS • SEP 3, 2020 • Dallas Innovates

Shokworks Inc plans to make a move from Miami to a 4,000-square-foot space around Downtown Dallas in early November. CEO Alejandro Laplana will be based in the new headquarters along with 10 other employees.
...
For Shokworks, the move to Dallas was strategic.

Dallas has become a spot that tech companies, green energy and financial institutions are pouring into to call home,” Laplana said in a statement. “We believe this is the perfect time for Shokworks to stake our claim.”
...
Shokworks has over 300 full-time engineers creating both mobile and web-based software solutions on staff. Laplana expects that the company will have more new hires in 2020-2021.

Shokworks will make the headquarters move official on Thursday, September 3, during a reception at The Statler.

https://dallasinnovates.com/global-tech ... to-dallas/

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jetnd87
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Re: DFW Economy

Postby jetnd87 » 09 Sep 2020 07:38

https://www.bizjournals.com/dallas/news ... -jobs.html

Dallas ranks #3 for tech jobs behind NYC and DC (per this source). Obviously a grain of salt given SF is #5 here.

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TNWE
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Re: DFW Economy

Postby TNWE » 09 Sep 2020 11:06

jetnd87 wrote:https://www.bizjournals.com/dallas/news/2020/09/08/north-texas-technology-jobs.html

Dallas ranks #3 for tech jobs behind NYC and DC (per this source). Obviously a grain of salt given SF is #5 here.


Might be a classification issue if San Jose and/or the Valley is a separate entry in the list (can't see the article so I don't know).

I45Tex
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Joined: 26 Jan 2017 05:52

Re: DFW Economy

Postby I45Tex » 09 Sep 2020 12:14

That's almost always the case because the best labor statistics are updated by the feds and they do them by MSA, not by combined MSAs. San Jose is almost 50 miles from both San Francisco and Berkeley, and in a different MSA, even though some of the suburbs in the middle can commute to both.

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CTroyMathis
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Re: DFW Economy

Postby CTroyMathis » 18 Sep 2020 14:34

itsjrd1964 wrote:. . .

JRD, hey a random bird told me Thompson Hotel at 1401 Elm has a pretty extensive pre-opening job listing, for well, not even being opened/finished yet. Might be a different brand, but, hey. Passing it along.

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Tivo_Kenevil
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Re: DFW Economy

Postby Tivo_Kenevil » 18 Sep 2020 15:34

CTroyMathis wrote:
itsjrd1964 wrote:. . .

JRD, hey a random bird told me Thompson Hotel at 1401 Elm has a pretty extensive pre-opening job listing, for well, not even being opened/finished yet. Might be a different brand, but, hey. Passing it along.

Good to hear, lots of hard working folks need a job at the moment.

itsjrd1964
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Re: DFW Economy

Postby itsjrd1964 » 18 Sep 2020 18:17

CTroyMathis wrote:
itsjrd1964 wrote:. . .

JRD, hey a random bird told me Thompson Hotel at 1401 Elm has a pretty extensive pre-opening job listing, for well, not even being opened/finished yet. Might be a different brand, but, hey. Passing it along.


Wow, thanks for thinking of me. I am amazingly still employed, and my hotel remains open. We still have a few long-term stays, a few remaining October tornado displacements, a few recent Hurricane Laura evacuees, several families getting kids settled into SMU for the semester, as well as the occasional move-in to the DFW area. I'm sure we could have used the bump from the State Fair/Texas-OU, but maybe next year? Our occupancy % has hovered from the 30s to the low 50s. They've hired a houseman back next door, while our property has gotten 2 housekeepers back and is working to get the lady back that worked my 2 days off pre-virus. The owners are still using what would have been our renovation funds to capitalize us during this time, so it is uncertain when we'll get our next renovation. At least we're not like the SpringHill down the service road, they're still closed--no word on when they'll open back up.

I figured the Thompson, the Pittman, and others *might* have openings, but I'd hate to jump from a sure thing to a new property when most analysts and travel industry folks are thinking it will be 2023-2025 before traffic and revenues resemble those pre-virus.

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Matt777
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Re: DFW Economy

Postby Matt777 » 21 Sep 2020 14:24

I’ve tried to ignore the drama between our current presidential administration and TikTok of China, but a recent quote from the president noted that Oracle and Walmart were going to buy TikTok and relocate the HQ to the US, “likely Texas.” Eventual employment in the US was stated to be around 25,000.

TikTok already has an office in Austin, but has anyone heard of Dallas being in play for this? If it’s Texas, I can’t see the HQ being anywhere except Austin or DFW. And thankfully, TikTok seems like they’d be an urban core of Dallas type company versus the burbs of Plano/Frisco/Irving.

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eburress
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Re: DFW Economy

Postby eburress » 21 Sep 2020 18:44

One would have to assume Austin would be the favorite but obviously it would be tremendous if TikTok ended up here in Dallas. Imagine them ending up in the rumored high rise at Pearl and Pacific, right near Uber. Man.

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homeworld1031tx
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Re: DFW Economy

Postby homeworld1031tx » 22 Sep 2020 13:51

Lol there is no way TikTok is going to employ 25K people. That is an utter pipe dream. To put this all in context: Twitter has, in total, 5k employees. TikTok is a more challenging software problem to solve, but that work is already done in China. At this point, the current TikTok deal also maintains 80 pct of its ownership to ByteDance. This deal is also changing daily as it's a stupid deal being done exclusively to please our rule-by-tweet president.

TikTok stating that they plan to eventually hire 25k people in the US is being said exclusively so that Trump can tweet out that he just generated 25k jobs, which is a statement that is rube followers will believe and never fact check and not care to remember once it inevitably doesn't occur.

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eburress
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Re: DFW Economy

Postby eburress » 22 Sep 2020 16:39

People aren't rubes because they have a different POV or priorities than you, or they support a different candidate than yours. I really wish people would stop denigrating others based on their political affiliation.

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tamtagon
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Re: DFW Economy

Postby tamtagon » 22 Sep 2020 17:21

I agree the forum should avoid denigrating others based on political affiliation.

But asking about a that deal, calling it a pipe dream and a politically motivated action by the president is what I want to know about too. If politician makes headlines to claim that TikTok could be used as an arm of the Chinese Communist Party to spy on American citizens or cause other mischief, well, then that's true about thing coming out of China with any sort of processing hardware and/or software.

If that is a logical thought process, then was it really a good idea to buy a jet from a bankrupt Russia airline and turn it into Airforce One?

TikTok would have probably land with a North American HQ anyway. I hope it's in Deep Ellum, not because I want the Chinese Communist Party to have a spy network based in East Dallas, but because I want Dallas desk jobs in that part of town.

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homeworld1031tx
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Location: The Village, Dallas

Re: DFW Economy

Postby homeworld1031tx » 22 Sep 2020 23:20

eburress wrote:People aren't rubes because they have a different POV or priorities than you, or they support a different candidate than yours. I really wish people would stop denigrating others based on their political affiliation.


You're correct, having a different POV than me or anyone else doesn't make someone a rube. What makes someone a rube is when they mindlessly follow and believe someone's [his] every word, even when those words are false, and when those falsehoods are so easily fact checked. I'm pretty sure that's close to a dictionary definition of a rube.

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eburress
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Re: DFW Economy

Postby eburress » 23 Sep 2020 06:04

3D Map: The U.S. Cities With the Highest Economic Output

"By this same measure, Texas competes with Canada in terms of pure economic output, despite a total land area that’s 15 times less that of the Great White North."

https://www.visualcapitalist.com/3d-map ... dium=email

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Hannibal Lecter
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Re: DFW Economy

Postby Hannibal Lecter » 23 Sep 2020 11:15

If that is a logical thought process, then was it really a good idea to buy a jet from a bankrupt Russia airline and turn it into Airforce One?


Not quite accurate. The aircraft (two of them) were built for Transaero, but never delivered. They're being purchased from Boeing, not Transaero.

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CTroyMathis
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Re: DFW Economy

Postby CTroyMathis » 24 Sep 2020 11:43

Not necessarily huge news, just noting it here.

Facebook adding another building, expanding data center capacity at their Fort Worth property:
https://outline.com/PcAHN4
https://www.tdlr.texas.gov/TABS/Search/ ... 2021001306 <---Winner, LLC is Facebook

I do find this address rather humorous: 4500 Like Way

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TNWE
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Re: DFW Economy

Postby TNWE » 24 Sep 2020 12:00

Hannibal Lecter wrote:
If that is a logical thought process, then was it really a good idea to buy a jet from a bankrupt Russia airline and turn it into Airforce One?


Not quite accurate. The aircraft (two of them) were built for Transaero, but never delivered. They're being purchased from Boeing, not Transaero.


Yup - it was touted as a money-saving move because demand for 747-8's was zilch even before COVID, so Boeing was willing to sell the two undelivered aircraft they had sitting on the proverbial lot rather than baking in the marginal cost of keeping the line going to build another two passenger model 747-8's (all they were making at the end was freighter models). The AF1 conversion process takes the plane down to the proverbial studs anyway to install specialized equipment, so even if they were truly used aircraft, the Boeing engineers doing the actual conversion in San Antonio would find any tampering or spy gear or what have you.

Tnexster
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Location: Dallas

Re: DFW Economy

Postby Tnexster » 26 Sep 2020 15:15

eburress wrote:People aren't rubes because they have a different POV or priorities than you, or they support a different candidate than yours. I really wish people would stop denigrating others based on their political affiliation.


Cheers! :D


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