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Uber Alert: To Build a Hub in Dallas

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It’s Official: Uber to open new corporate hub in Dallas. Uber will open a brand new office in Dallas, officials announced on Tuesday. The new corporate hub will be the company’s largest outside of its headquarters in San Francisco and eventually have 3,000 workers. A combination of more than $36 million of incentives will be offered to Uber from the state, Dallas County and the city of Dallas.

Dallas County commissioners announced the move just minutes after approving a near $3 million incentive package. “Dallas became the first city in Texas where the Uber app was available in 2012, and since then Texas has been a hub of innovation for our platform,” said Dara Khosrowshahi, CEO of Uber. “Uber is excited to bring this major investment to Texas and to increase our commitment to the City of Dallas. We are grateful for our partnership with Governor Abbott, Mayor Johnson and Judge Jenkins and their leadership in making this a reality.” “It’s the biggest deal ever for Dallas and Dallas County as far as the economic impact coming in,” said Dallas County Judge Clay Jenkins.

Uber will move into a new 23-story building called The Epic. It is now under construction on the edge of Deep Ellum. It will begin with a few hundred workers and eventually have as many as 3,000 within four years. The incident packages come with a catch. Uber is promising to create 3,000 positions with corporate positions with an average salary in the range of $100,000. Its drivers are hired separately as contractors. “The incentives are tied to residency in Dallas. This is not a something-for-nothing deal,” Johnson said. “This is a very intelligent deal. Very well thought out in the sense that incentives are tied to the jobs being created in Dallas for people who live in Dallas.” There’s another hope tied to this deal: other technology companies will be lured to Dallas.

The great news for sellers is that there will be up to 3000 more families looking to buy your home in the near future. If you are interested in selling your home, please give me a call at 214-769-2947.

Beth Brake: Realtor-Team Lead

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