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NewsKPBS Public MediaAugust 4, 2026San Diego

Goldman Sachs expands Dallas campus as Texas attracts major financial firms

Goldman Sachs is constructing an 800,000-square-foot campus in Dallas, scheduled to open in 2028 with the capacity to employ over 5,000 workers. This project highlights a broader trend of major financial institutions and Fortune 500 companies relocating or expanding operations in Texas to leverage lower taxes, lighter regulations, and proximity to a growing client base.

economic developmentfinancecorporate relocationTexasWall Street
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Why It Matters

The expansion of major financial hubs in Texas represents a significant shift in the U.S. corporate landscape, impacting local job markets, regional tax bases, and the competitive standing of traditional financial centers like New York.

Key Facts

  • Goldman Sachs is investing approximately $700 million in a new 800,000-square-foot campus in Dallas.
  • The new campus is scheduled to open in 2028 with the capacity to employ over 5,000 local workers.
  • Texas currently hosts the highest number of Fortune 500 companies in the U.S.
  • The North Texas region is projected to reach a population of 9 million people by next year.
  • The Texas Stock Exchange, backed by firms including Goldman Sachs and BlackRock, began trading in July.
  • Texas has implemented laws designed to make it easier for companies to defend against shareholder lawsuits.
  • Goldman Sachs first established a presence in Dallas in 1968.
  • The New York Stock Exchange and Nasdaq have both opened outposts in Texas since last year.

Who's Mentioned

organizationTexas Stock Exchange“Local startup exchange that began trading in July.”other800,000“Square footage of the new Goldman Sachs campus.”other5,000“Number of local workers Goldman Sachs plans to employ.”personElon Musk“CEO of Tesla and SpaceX, relocated companies to Texas.”personEric Johnson“Mayor of Dallas.”personAasem Khalil“Goldman Sachs partner who runs the Dallas office.”personGreg Abbott“Governor of Texas.”organizationGoldman Sachs“Investment bank building a new campus in Dallas.”