Allen reported 8.3% year-over-year job growth in late 2022, 2.4% higher than Dallas-Fort Worth and 3.3% higher than the state of Texas. The secret? A long-held strategy for attracting quality employers who provide high-paying jobs, invest in lasting infrastructure, and offset the tax burden on Allen residents.
Renewable energy brings new employers
Texas has long been known as the oil and gas capital of the United States. However, the state’s other abundant natural resources—including open plains and sunshine—make it a prime spot to produce other forms of energy. Texas is now the leading producer of wind energy in the U.S. and is home to some of the largest solar farms in the country.
Allen Economic Development Corporation (EDC) has helped the City capitalize on this growth. Energy firm Sol-Ark moved to Allen recently, taking over two commercial buildings off U.S. 75. The company is leasing a 115,000-square-foot office building for its headquarters and 180,000 square feet of industrial space for production, research and design, product support and repairs.
MD7 LLC, another player in the energy sector, relocated from San Diego to Allen in 2021. From its headquarters off Bethany Drive and Watters Road, MD7 helps build and manage digital infrastructure assets including electric vehicle (EV) charging stations. Its clients include XCharge North America, creator of a top-of-the-line EV charging station which provides 100 miles of charge in just 30 minutes. XCharge installed one of them inside MD7’s parking garage at One Bethany West.