HQ business jobs drive Plano economic development
Since the 1980s, when Frito Lay first settled in Plano’s Legacy Business Park, Plano has continued to attract highly skilled, high-paying business-related jobs. In the last five years, Plano’s economic development department has targeted regional operations and jobs in services like accounting, finance “and everything that a headquarters would have – all of those professional kinds of jobs that you would use within a regional operation or a headquarters operation,” said Sally Bane, Plano director of economic development.
“As part of the pie, almost 20 percent of our employment in this region and Plano is in professional business services.”
As of April 2018, Collin County’s unemployment rate was 3.2 percent, with 17,270 residents currently unemployed. And according to reports from the Texas Workforce Commission, statewide job growth is expected to expand through a business lens. Projections show growth in business and finance operations (11,515 more jobs), building and grounds keeping maintenance (9,775 more jobs), building cleaning and pest control (6,775 more jobs), business operations specialists (6,430 more jobs) and architecture and engineering (3,510 more jobs). A study from the Bureau of Labor Statistics reported that office and administrative support jobs make up 17.9 percent of total employment in DFW-Arlington – which includes Collin County – next to 10.9 percent in sales and related positions.
The Texas Workforce Commission’s April report on employment shows 39,600 new jobs were added to the economy, primarily through the manufacturing industry (up 8,600), professional and business services employment (up 7,500) and education and health services (up 6,200).
Business-related jobs, which often require certification or higher education, have historically been connected with Plano’s workforce, yet Bane maintained Plano has and will continue to offer diversity in employment opportunities, today and into the future. According to city resource JobsEQ, Plano’s median income is $85,085, and moving forward, Bane said economic development intends to stay the course and provide a variety of job opportunities for Plano’s diverse community.
“Our 10,000-foot objective is to continue to provide diversification in job opportunities in the community. We think that’s important because that helps insulate you against any kind of economic downturns that a particular sector can experience domestically or internationally,” she said. “Our overall objective is to continue to have this diverse kinds of positions and industries in this community.”
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