Allen's robust economy has been an exercise in thoughtful planning. In 1992, the citizens of Allen executed plans to form the Allen Economic Development Corporation. The five-member board, appointed by the City Council and three professional staff oversee economic development efforts for the community. At its inception, the AEDC negotiated with Experian (formerly TRW) to occupy offices on U.S. 75 that would employ over 700 locals. Since that time, Experian has proved itself a vital part of the community and a catalyst for the recruitment of other technology industries.
The AEDC purchased and transformed 92 acres along U.S. 75 into Millennium Technology Park. Millennium Technology Park is now home to FSI International, Photronics, Metro-Optix, ICBS, Sunbelt Telecommunications, Ball Semiconductor,and ERMI Environmental. Because of the technology park, Allen has been thrust into the limelight as a prime destination for technology-related companies, major corporate headquarters and semiconductor-related industries.
Since the AEDC's inception in 1992, over 27 projects have been completed in Allen bringing over 5,700 jobs for a skilled work force and generating over $541 million in capital investment.
Allen's focus on the future includes maintaining development standards that guide the community's growth in a positive direction, giving consideration to open spaces and quality construction. With strong community leadership, Allen's robust economy is expected to continue well into the future.
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