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$18M incentive for Goldman Sachs' Dallas expansion ranks among nation's highest - Dallas Business Journal

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An $18 million economic incentives deal offered to Goldman Sachs Group Inc. for its expansion in Dallas is among the highest in the nation last year for a project of its type.

Goldman Sachs in June won approval from the Dallas City Council to build an office tower downtown. The Manhattan-based investment bank giant will receiveThe $18 million the city of Dallas is dangling for the Goldman dealfor a business-services industry corporate relocation or expansion in the nation, according to theThe summary values the capital expenditure of the proposed Goldman Sachs expansion at $480 million.

The second-biggest incentive last year for a business services company is $25.65 million for Microsoft for expansion at multiple sites in California, creating 1,789 jobs. The top six incentives in the nation went to firms in the manufacturing industry, and all six topped $1 billion apiece in value. Nationwide, there were fewer incentivized projects announced in 2022, but the value of economic incentives offered in total, as well as per project on average, was significantly higher than in 2021, according to the Site Selection summary.

 

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$18M incentive for Goldman Sachs' Dallas expansion ranks among nation's highest - Dallas Business JournalAn $18 million economic incentives deal offered to Goldman Sachs Group Inc. for its expansion in Dallas is among the highest in the nation last year for a project of its type.
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