{"id":47312,"date":"2025-11-13T02:07:35","date_gmt":"2025-11-13T02:07:35","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/47312\/"},"modified":"2025-11-13T02:07:35","modified_gmt":"2025-11-13T02:07:35","slug":"tech-company-set-for-1-45-million-expansion-in-richardsons-innovation-quarter","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/47312\/","title":{"rendered":"Tech company set for $1.45 million expansion in Richardson&#8217;s Innovation Quarter"},"content":{"rendered":"<p>\t\t\t\t\t\t\t<a href=\"http:\/\/www.csitx.com\" rel=\"nofollow noopener\" target=\"_blank\">Crescent Systems Inc.<\/a> has committed to a $1.45 million expansion in Richardson\u2019s Innovation Quarter.<\/p>\n<p>What you need to know<\/p>\n<p>The company, which has provided hardware and software for defense and government operations in the Richardson area for 30 years, has committed to long-term leases at two facilities in the IQ, as well as a capital investment in tenant improvements and new equipment, according to a Nov. 4 <a href=\"https:\/\/www.cor.net\/Home\/Components\/News\/News\/8416\/73\" rel=\"nofollow noopener\" target=\"_blank\">news release<\/a> from the city.<\/p>\n<p>The <a href=\"https:\/\/richardsoniq.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Richardson Innovation Quarter<\/a> is a 1,200-acre tech hub off of US 75, housing more than 1,100 companies and start-ups specializing in manufacturing, biotechnology, finance, software development, and research and development.<\/p>\n<p>The company will lease approximately 70,000 square feet across IQ facilities at 1155 E. Collins Boulevard and 1680 Prospect Drive, including a 14,000-square foot expansion at the Prospect Drive location. Crescent Systems will add 36 new jobs over the next two years with an average salary of approximately $117,000.<\/p>\n<p>\u201cWith our headquarters here in Richardson, our presence furthers the city\u2019s rich history as a corporate hub to technological innovation and incubation,\u201d Crescent Systems Chief Innovation Officer Ryan Tinay said in the release.<\/p>\n<p>The City of Richardson is supporting the expansion with a $150,000 Business Retention and Expansion Grant, according to the release.<\/p>\n<p>Quote of note<\/p>\n<p>\u201cCrescent Systems has been an important part of Richardson\u2019s business community for many years,\u201d City Manager Don Magner said in the release. \u201cIts decision to expand within The IQ demonstrates both confidence in Richardson\u2019s future and the district\u2019s role as a hub for innovation, collaboration, and long-term business growth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Crescent Systems Inc. has committed to a $1.45 million expansion in Richardson\u2019s Innovation Quarter. What you need to&hellip;\n","protected":false},"author":2,"featured_media":47313,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[910,27355,110,160,162,161,959,302],"class_list":{"0":"post-47312","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-plano","8":"tag-business","9":"tag-crescent-systems","10":"tag-development","11":"tag-plano","12":"tag-plano-headlines","13":"tag-plano-news","14":"tag-richardson","15":"tag-tech"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/47312","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=47312"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/47312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/47313"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=47312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=47312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=47312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}