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The original item was published from 2/14/2023 10:32:05 AM to 2/14/2023 10:32:22 AM.

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Economic Development

Posted on: February 14, 2023

[ARCHIVED] Allen EDC adds $46 billion to local and regional economy

An independent study by Insight Research has concluded that the Allen Economic Development Corporation’s (EDC) work has resulted in the creation of over 18,000 Allen jobs and $46 billion being added to the local and regional economy since its creation in 1992.

Insight Research conducts this analysis each year to measure Allen EDC’s impact on Allen’s growth and economy.

"Twenty-nine years ago, voters tasked the Allen EDC with bringing high quality jobs and increasing the commercial tax base in order to lower the tax burden on Allen citizens,” said Daniel Bowman, Allen EDC CEO and Executive Director. “We are proud to be accomplishing that objective by supporting projects that enhance the economy and investing in amenities that many of our residents enjoy.”

Each year, Allen EDC also recognizes Allen-based companies who have made significant economic contributions to the Allen community. The 2022 winning companies have heavily invested in Allen and will bring approximately 600 new jobs to our city.

The 2022 winners:

Pushpay

Pushpay is a payments and engagements solutions provider for faith-based and non-profit sectors. They announced that they will relocate to an office in Allen that will include the corporate headquarters of their subsidiary RESI Media and they plan to create up to 200 jobs in Allen.

Sol-Ark 

Sol-Ark is a global leader in the design and manufacturing of solar and energy storage technology solutions. They announced that they will relocate their headquarters to Allen and occupy over 300,000 square feet of office and manufacturing space. They plan to create up to 400 jobs in Allen.

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