{"id":168891,"date":"2026-02-18T00:31:07","date_gmt":"2026-02-18T00:31:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/168891\/"},"modified":"2026-02-18T00:31:07","modified_gmt":"2026-02-18T00:31:07","slug":"city-of-plano-to-offer-att-20m-incentive-agreement-to-move-its-headquarters","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/168891\/","title":{"rendered":"City of Plano to offer AT&#038;T $20M incentive agreement to move its headquarters"},"content":{"rendered":"<p>The 25-year agreement includes several requirements for AT&amp;T, such as maintaining at least 4,000 full-time employees at the site.<\/p>\n<p>PLANO, Texas \u2014 Plano City Council will meet next week to consider approving an economic incentive agreement that would give AT&amp;T $20 million to move its headquarters from its Downtown Dallas location.<\/p>\n<p>AT&amp;T CEO John Stankey <a href=\"https:\/\/www.wfaa.com\/article\/news\/local\/att-moves-global-headquarters-downtown-dallas-to-plano-annnouncement\/287-b6f3d154-b447-41ef-b63f-ff16637b7017\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">announced at the start of 2026<\/a> that the company would be moving its headquarters to Plano, constructing a new building at 5400 Legacy Drive.<\/p>\n<p>With this new incentives agreement, if approved, would bring the total amount of funding for the future headquarters to more than $36 million. The $20 million in incentives would be available through the city&#8217;s economic development fund for this fiscal year.<\/p>\n<p>To receive the incentive funds, the agreement stipulates that AT&amp;T must meet a number of obligations. Those obligations include constructing a new building of at least 2 million square feet, with a minimum construction cost of at least $1.35 billion.\u00a0<\/p>\n<p>AT&amp;T must also create or retain and maintain at least 4,000 full-time employees for at least six months to receive the incentive payment, as well as continue to maintain those employees through the agreement.\u00a0<\/p>\n<p>The agreement also requires AT&amp;T to create or transfer and maintain an additional 4,000 employees by the end of 2034, and an additional 2,000 full-time employees by the end of 2039.<\/p>\n<p>Other requirements include making a reasonable effort to sue Plano facilities for company-related business activities, and to use &#8220;Plano, Texas&#8221; or &#8220;Plano, TX&#8221; when referencing the company&#8217;s address on materials.<\/p>\n<p>The new corporate campus will span across 54 acres and give the company enough room to consolidate all its Dallas-Fort Worth administrative space into one location, according to the announcement. The company currently has three campuses in Dallas, Plano and Irving.\u00a0<\/p>\n<p>The company currently employs about 10,000 employees at its global headquarters in Dallas, according to the City of Dallas&#8217; Office of Economic Development.\u00a0<\/p>\n<p>AT&amp;T is also the biggest Fortune 500 company headquartered in the city and the second-biggest in North Texas at No. 37, trailing only Irving-based McKesson (No. 9).<\/p>\n<p>&#8220;The nature of the company and our work have both evolved significantly since we moved our headquarters to Dallas in 2008, but what hasn&#8217;t changed is our belief and confidence in the Dallas-Fort Worth Metroplex as the right place to operate a thriving multinational corporation,&#8221; Stankey said.<\/p>\n","protected":false},"excerpt":{"rendered":"The 25-year agreement includes several requirements for AT&amp;T, such as maintaining at least 4,000 full-time employees at the&hellip;\n","protected":false},"author":2,"featured_media":168892,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[160,162,161],"class_list":["post-168891","post","type-post","status-publish","format-standard","has-post-thumbnail","category-plano","tag-plano","tag-plano-headlines","tag-plano-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/168891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=168891"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/168891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/168892"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=168891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=168891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=168891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}