Richardson attracts major relocations with Micron Technology and Asociia headquarters moves

The State of the City address on July 10, 2025, highlighted significant economic developments in Richardson, Texas, emphasizing the city's strategic initiatives to enhance business relationships and attract new companies.

The meeting began with a quote from the CEO of HAF, who reaffirmed the company's commitment to remaining in Richardson. This decision was part of a broader strategy to streamline economic development activities by moving them from the Chamber of Commerce to the city itself. This shift aims to expedite zoning, permitting, and other development processes while fostering direct negotiations with decision-makers to better understand their needs.

Among the notable projects discussed was the relocation of Asociia, a leading property management service company, which is moving its global headquarters from Dallas to Richardson. Asociia has experienced significant growth, with a 30% increase in revenue over the past two years, further solidifying Richardson's reputation as a business-friendly environment.

The University of Texas at Dallas (UT Dallas) was also highlighted as a key asset for the city, providing a skilled workforce that fuels economic growth. A recent collaboration between the city and UT Dallas led to the establishment of a 5G research and testing lab at the Innovation Quarter, supported by funding from the 2022 Chips Act and Science Act. This initiative aims to enhance sectors such as manufacturing, healthcare, and automotive industries.

Additionally, the announcement of Micron Technology's $30 million relocation and expansion in Richardson was a significant highlight. As a Fortune 500 company specializing in semiconductors, Micron's decision to invest in the Innovation Quarter underscores the area's potential for technology-driven growth.

The city is also working with Startup Runway to attract international businesses, further diversifying its economic landscape. This partnership was celebrated with a ribbon-cutting ceremony following a successful trip to India, where city delegates engaged with educational, corporate, and government officials.

Overall, the meeting underscored Richardson's proactive approach to economic development, showcasing its ability to attract top-tier employers and foster innovation through strategic partnerships and collaborations.