The city council in Frisco, Texas approved a conditional use permit for a new Universal Studios development, which will include a 30-acre theme park and 300-room hotel on a 97-acre site. The council also approved $12.7 million in financial incentives for the project, with the stipulation that the park be open by June 2026.
With the world’s 10th largest economy based on GDP, pro-business Texas perennially dominates rankings across multiple categories and indicators. Current highlights include leading the nation in corporate relocations from other states, adding the most jobs in 2022 and topping the charts in jobs created by military veteran, African-American and Hispanic women business owners. In 2022, leading business publication Chief Executive named Texas the nation’s “Best State for Business” for the 18th consecutive year, calling it “proven catnip for companies.”