Farmers Branch is a city in Dallas County, TX, and is located in close proximity to major highways such as I-35E and I-635.
The business climate in Farmers Branch makes it a strong option for business expansion and relocation projects because of its central location in the Dallas-Fort Worth metroplex, access to a skilled workforce, and favorable tax environment. The city is home to companies like IBM, AT&T, and Tenet Healthcare.
Here are some specific elements of the business climate in Farmers Branch that make it attractive for corporate expansion and relocation projects:
Taxes: Farmers Branch has a favorable tax environment for businesses, with no corporate income tax and a low state sales tax rate of 6.25%. Additionally, Texas does not have a personal income tax.
Workforce: Farmers Branch has a diverse and skilled workforce, with professionals in various industries such as technology, healthcare, and finance. The city is easily accessible for workers through major highways and public transportation options.
Wages: The median household income in Farmers Branch is approximately $74,000, while the median rent is around $1,200.
Industries: Some of the popular industries in Farmers Branch include technology, healthcare, finance, and manufacturing.
Quality of Life: Farmers Branch offers a high quality of life with its vibrant downtown area, which features a variety of shops, restaurants, and entertainment venues. The city also has a thriving nightlife scene and is known for its outdoor recreational opportunities, including parks and trails.
Education: Nearby universities and community colleges include the University of Texas at Dallas, which is known for its programs in engineering and computer science, and Brookhaven College, which offers a range of associate degree programs and workforce training.