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JPMorgan CEO Says Plano's Business Climate Sets Standard For Other Cities

Dimon highlighted how American cities can thrive from corporate relocations

During a speech at the Economic Club of New York, JPMorgan Chase Chairman and CEO Jamie Dimon commended Plano for its exceptional business environment.

Dimon highlighted the establishment of the company's regional headquarters in Plano as a prime example of how American cities can thrive from corporate relocations. JPMorgan Chase's consolidation of five Dallas locations into a single, expansive technology headquarters campus equipped with top-tier amenities tailored to their diverse and tech-savvy workforce was cited.

“It’s got a lot of well-paying jobs,” Dimon said during the speech. “They’re not doing it just to benefit JPMorgan. They’re doing it to benefit their community and schools and all the things like that.”

JPMorgan Chase isn’t the only company that saw the opportunities Plano offers. As Local Profile previously reported, Westwood Professional Services, a Minnesota-based engineering firm with 1,600 employees in 27 offices across the country announced its relocation to Plano last year. 

Earlier this year, Graze Inc., a California-based startup experimenting with autonomous and eco-friendly commercial lawnmowers, announced it would relocate its headquarters and research center to Plano. Graze was only the latest to join the trend of California-based tech companies relocating to Plano. In October 2023, financial technology firm QuickFee also shifted its North American headquarters from Santa Monica to Plano. 

Presently, the Dallas-Fort Worth area hosts headquarters for 24 Fortune 500 companies. However, the majority of these corporations are not situated within the city limits of Dallas itself; instead, they opt for locations such as Plano, Frisco, Irving and McKinney. As entities like Toyota, Atmos Energy, Cinemark and Globe Life broaden their footprint, corporate opportunities extend beyond the boundaries of Dallas. 

To view Dimon’s full interview, visit the link here.

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