Economic Development

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Fast Facts—Accolades

  • 2004 Named “The Hottest Place to Live in the Western United States” by Money Magazine
  • 2002 Ranked 9th by Ladies’ Home Journal as one of “The Best Cities for Women with Population under 300,000”
  • 2001 5th most "Kid-Friendly City" in the U.S. by Children’s Environmental Index
  • 1997 8th Safest City in the U.S. based on findings by the F.B.I.
  • 1996 Best city in the U.S. for Home-based Businesses by Home Office Computing magazine
  • 1994 “All America City” by the National Civic League and Allstate Foundation
  • Plano is known as the “Balloon Capital of Texas”
  • Named one of the “Best Places in the Dallas-Ft. Worth Metroplex to Live” by D Magazine
  • Plano is designated as a Tree City USA
  • Featured in the book 50 Fabulous Places to Raise a Family
  • Ranked ninth out of 101 cities in “Healthiest Cities for Men” by Men’s Health magazine


Fast Facts—Demographics

  • More than 246,869 people live in Plano (1/05)
  • 11th fastest-growing city in the U.S. with population of more than 100,000 (2000 Census)
  • Median age of Plano residents is 34.1 years
  • Median household income in Plano is $78,722
  • Plano’s diverse population is 10.2% Asian, 5.0% Black, 10.1% Hispanic, & 72.8% White
  • Plano is located in the Central Time Zone
  • The average home price in Plano is $191,000 - below the national average
  • Located in Collin County, the 5th fastest-growing county in the U.S.
  • The largest city in Collin County


Fast Facts—Economic Development

  • Plano offers tax abatement for real and personal business property improvements
  • The city’s tax abatement incentives have created more than 43,000 new jobs (12/04)
  • Plano offers Triple Freeport Tax Exemption on goods-in-transit
  • In the last five years, Collin County Community College has received more than $4.69 million in training grants for area businesses
  • The City of Plano has one of the lowest property tax rates in the state of Texas
  • Plano’s combined tax rate for FY 2004-2005 is $2.527546
  • Plano’s sales tax is 8.25%
  • Plano’s general obligation bonds are rated AAA/Aaa
  • More than 6,000 businesses are in Plano
  • Texas is a right-to-work state


Fast Facts—Quality of Life

  • There are more than 80 parks and 3,600 acres of park land in Plano’s city limits
  • Plano’s park system has more than 38 miles of hike/bike trails
  • There are six golf courses in the city
  • There are two major shopping malls in Plano and more than a thousand specialty shops, boutiques and retail stores
  • There are more than 750 restaurants in Plano
  • Plano Centre is an 86,400-square-foot full-service multi-purpose convention facility
  • There are more than 3,600 hotel rooms in Plano
  • Located in the Sunbelt, the average year-round temperature in Plano is 66º F.
  • One of the lowest crime rates for Texas cities with population of more than 100,000
  • Plano’s proximity to DFW airport, provides residents access to more than 3,000 flights daily by 20 major airlines

 

Fast Facts—Education

  • Plano ranks 19th nationwide among cities in percentage of college graduates, with 53.3 percent of the adult workforce having four or more years of college
  • More than 93.9 percent of Plano’s workforce has more than 12 years of schooling
  • Plano has a nationally acclaimed public school system
  • The Plano Independent School District’s elementary integrated curriculum was awarded the 2000 Leadership in Learning Award
  • Collin County Community College has more than 40,000 credit and continuing education students
  • Collin County Community College is the first community college in Texas to have concurrent admissions agreements with major universities
  • 2003 - a record 85 PISD high school seniors achieve semifinalist standing in the National Merit Scholarship Qualifying Program
  • U. S. Department of Education has awarded the “Blue Ribbon School” designation to 22 Plano Schools
  • 39 Plano schools are designated as “Exemplary” by the Texas Education Agency
  • Collin County has the largest percentage of degree holders in the State of Texas

Fast Facts

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