Even if the only banking you keep up lives in your checking account, it’s hard to miss what’s taking shape in Victory Park.
Goldman Sachs’ 800,000 square foot campus is still two years away from opening, but is already seen as the largest symbol of a growing “Y’all Street.”
On Thursday, Dallas Mayor Eric Johnson said he, along with Dallas City Manager Kimberly Tolbert, will lead a delegation of business and civic leaders in New York City next week.
“Dallas means business,” Johnson said during a news conference. “Economic development is a competition.”
A competition Dallas finds itself in the middle of with other sunbelt cities, like Charlotte and Nashville, according to Donald Shelly at the SMU Cox School of Business.
“You just can’t automatically say, ‘we’re Dallas, come here.’ You’ve got to make your case,” Shelly said.
The Dallas City Council approved $2.7 million in incentives last summer to help convince Scotiabank to open an office in Victory Park.
The city was in competition with Charlotte, long considered the second-largest banking hub, to land the Canadian-based financial services firm.
On Thursday, Scotiabank announced its Dallas office will open next week with support for more than 1000 local jobs.
The Dallas delegation will be in NYC on February 26-27. Johnson did not field questions at the press conference, but a city update later said each of the nine participants are covering their own expenses for the trip.