Morgan Stanley is considering a $1.3 billion operational hub in Dallas. The Dallas City Council approved an incentive package granting up to $18.5 million in economic development grants and up to a 90% tax abatement over 10 years on business personal property for the 709,000-square-foot tower. If the bank proceeds, the location would support 3,500 jobs through 2035 and an additional 1,000 by 2039. The move aligns with a broader Wall Street migration to Texas, where firms like Goldman Sachs and Bank of America are also expanding, drawn by lower taxes and costs.
Morgan StanleyMorgan Stanley is considering a $1.3 billion Dallas hub with tax incentives, supporting expansion and cost savings.
Bank of America Corp
Goldman Sachs Group Inc
Apollo Global Management LLC Class A
JPMorgan Chase & Co