Frisco EDC Spotlights Commercial Growth in FY 2025
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With another fiscal year in the books, the Frisco Economic Development Corporation is taking a victory lap and touting the economic growth the city clocked.
Fourteen corporate relocations and expansions were logged in FY 2025, nine of which were achieved without financial incentives from Frisco EDC. Residents can credit the projects for generating or retaining roughly 3,100 jobs within the city limits.
More than 500,000 square feet of new office space representing over half a billion dollars in capital investment got put on the books. Some 650,000 square feet in newly leased space from FY 2025 is also expected to add over $125 million to the local economy.
“Frisco’s success is rooted in our commitment to creating meaningful opportunities for our residents,” said Frisco EDC President Jason Ford, according to a press release. “This year’s results reflect the power of strategic partnerships, visionary leadership, and a community that embraces innovation. Every job created is a story of impact, continuing the legacy of progress — with new opportunities on the horizon.”
One of the fastest-growing cities in the United States, Frisco is keeping the momentum going, reaching an estimated population of 245,000 last year. Residential developments in the works, like Penrose, The Hills of Kingswood, and The Preserve, are looking to meet the growing housing demand. It’ll need every apartment unit and single-family home it can get to hang onto its relatively high affordability ranking.
Now, the Collin County suburb is nearing completion on its $80 million effort to revitalize its historic Rail District downtown, part of Frisco EDC’s “strategic shift from growth-at-scale to quality-of-place.”
Officials want to remake the city center into a walkable, mixed-use neighborhood by restoring Main Street to its former glory as a pedestrian-friendly retail corridor anchored by the upcoming roughly 2-acre 4th Street Plaza, complete with an amphitheater. Enhancements include new streetscaping, rail-themed design elements, and public gathering spaces that are expected to come online this year.
“This is the kind of environment companies want to invest in,” said Shanna Keaveny, chair of the Frisco EDC Board of Directors. “They see Frisco not just as a place to do business, but as a place where their employees and families can thrive.”
More Americans probably know about the booming suburb than ever before, with local student Tejasvi Manoj earning the prestigious honor of being named TIME’s Kid of the Year for her service work helping seniors with their digital literacy so they don’t become victims of cybercrime.
“Frisco is one of the most desirable locations in the U.S. for business relocation and expansion,” Keaveny said. “Our city’s growth is intentional, strategic, and community-focused. When a Frisco student is named TIME’s ‘Kid of the Year,’ it’s more than a headline — it’s a reflection of the exceptional education, support systems, and opportunities available here.”
The city’s local school district, Frisco ISD, was the largest public school system to earn an A accountability rating in the 2024-2025 school year, making for three consecutive A’s following the rating disruption from the COVID-19 pandemic.
