Mayor Eric Johnson announced Thursday that he and City Manager Kimberly Tolbert will lead an official \u201cY\u2019all Street\u201d delegation to New York City next week in an effort to highlight Dallas as a business destination.<\/p>\n
Officials declined to take questions during the conference, so many details of where they\u2019ll be in the city and who they plan to meet with are unknown. A cost estimate of the trip is also currently not known, but the city said in a press release members of the delegation will cover their own costs of travel and lodging. <\/p>\n
\u201cDuring this visit, we’re going to be highlighting Dallas as a premier destination for innovation and investment, especially in the financial services industry,\u201d Johnson said at a press conference. \u201cWe’re going to be working to strengthen our existing relationships with investors and executives and decision makers who help shape global markets.\u201d<\/p>\n
Tolbert said the delegation will be in New York next week for two days on Feb. 26 and Feb. 27.<\/p>\n
Y\u2019all Street is a phrase used by officials to describe the rapidly growing financial sector in Dallas. Johnson said the delegation will invite New York-based businesses to come to Dallas.<\/p>\n
Tolbert said the delegation will be \u201con the ground promoting Y’all street and pitching Dallas as America’s premier destination for financial services, investment and innovation.\u201d<\/p>\n
Dallas\u2019 growth recently caught the attention of President Donald Trump, who in January posted on Truth Social that building a New York Stock Exchange in Dallas would be bad for New York.<\/p>\n
\u201cI can\u2019t believe they would let this happen,\u201d Trump wrote.<\/p>\n
Just a few years ago, Texas had no stock exchanges. Now it has three, all located in Dallas. Nasdaq and the New York Stock Exchange \u2014 the heads of the national stock exchange duopoly \u2014 set up in the city soon after the announcement of the Texas Stock Exchange, a home-grown effort.<\/p>\n
The growing financial sector often paints a contrasting picture to news of businesses leaving Downtown Dallas. Uptown has capitalized the most off of the finance sector, with Goldman Sachs currently building out a $500 million, 800,000 square foot complex in Uptown that will employ 5,000 people. Construction is expected to be finished in late 2027.<\/p>\n
Johnson said he sees economic development for the city like a competition.<\/p>\n
\u201cI’m proud to say that I, along with every member of our delegation, is determined to win this competition,\u201d he said.<\/p>\n
Dylan Duke is KERA’s Breaking News Reporter. Got a tip? Email Dylan Duke at dduke@kera.org.<\/p>\n
KERA News is made possible through the generosity of our members. If you find this reporting valuable, consider making a tax-deductible gift today. Thank you.<\/p>\n","protected":false},"excerpt":{"rendered":"Mayor Eric Johnson announced Thursday that he and City Manager Kimberly Tolbert will lead an official \u201cY\u2019all Street\u201d…\n","protected":false},"author":2,"featured_media":139039,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[7472,3365,81,1603,15535,58814,58815,9,24,55,54,3971,56,4952,58816],"class_list":{"0":"post-139038","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york-city","8":"tag-dallas","9":"tag-economy","10":"tag-eric-adams","11":"tag-finance","12":"tag-fintech","13":"tag-going-to-new-york-city","14":"tag-nasdaq-price","15":"tag-new-york","16":"tag-new-york-city","17":"tag-new-york-city-headlines","18":"tag-new-york-city-news","19":"tag-new-york-stock-exchange","20":"tag-ny","21":"tag-stock-market","22":"tag-yall-street"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/139038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=139038"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/139038\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/139039"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=139038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=139038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=139038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}