Dallas, Texas -- Ryan, the leading tax services firm in North America, with the largest transaction tax practice in the United States and Canada, today announced that the Texas Governor’s Office of Economic Development and Tourism has approved Ryan’s application for designation as an Enterprise Project.
The Texas Enterprise Zone Program (“Program”) is an economic development tool for local communities to partner with the State of Texas to encourage job creation, job retention, and capital investment in economically distressed areas of the state. To qualify for the Program, the local municipality must nominate a business for an Enterprise Project designation. In October, Ryan was nominated by Council member Linda Koop and was supported by an overwhelming majority of the Dallas City Council.Governor's Office of Economic Development and Tourism Approves Ryan Texas Enterprise Project Ryan will be eligible to receive Enterprise Project tax rebates of approximately $927,500 to support the Firm’s $5.5 million of new investment in infrastructure and technology, as well as the retention of 271 jobs and the creation of more than 100 new full-time professional jobs in Dallas. The Firm recently signed a ten-year lease extension at Three Galleria Tower in North Dallas and plans to make substantial investments in technology, equipment, infrastructure, and facilities to accommodate domestic and international growth. Ryan was ranked the 7th fastest growing private company in Dallas at the 17th Annual Dallas 100™ Awards Ceremony in 2007.Governor's Office of Economic Development and Tourism Approves Ryan Texas Enterprise Project “It is exciting for Ryan to receive a designation to participate in the Texas Enterprise Zone Program after representing many clients who, with our help, have received an Enterprise Project designation,” said Ginny Buckner Kissling, Ryan Principal representing the Firm’s initiative.Governor's Office of Economic Development and Tourism Approves Ryan Texas Enterprise Project “We are pleased with the tremendous vote of confidence from the Governor’s Office and the Dallas City Council acknowledging that we are making a meaningful investment that creates jobs and growth right here in our community. In these tough economic times, our city officials must use every tool available to ensure job growth and expand the tax base. Since Dallas pays its fair share to the state to support incentives like this, the use of Enterprise Zone Program funds to retain jobs and secure more than 100 new jobs for Dallas makes good business sense,” said G. Brint Ryan, Managing Principal of Ryan. “While our Firm is pleased to have the moral support of the Council and the financial support of the State of Texas, the real winner here is the City of Dallas, which will be the beneficiary of more than $5.5 million in new investments and more than 100 new professional jobs.”Governor's Office of Economic Development and Tourism Approves Ryan Texas Enterprise Project Ryan is an industry leader in assisting corporations with optimizing capital investments by aligning their business strategies and vision with the priorities of state and local jurisdictions, providing tangible economic benefit to their clients and the communities where they reside. Working with the Governor’s Office of Economic Development and Tourism and local communities throughout Texas, the Firm has utilized the Program to attract more than $6.5 billion of capital investment to the state, representing over 46% of the total capital investment made through the Program. These investments have created or retained over 31,000 Texas jobs.
About Ryan
Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. With global headquarters in Plano, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multijurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is an 11-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multidisciplinary team of more than 5,900 professionals and associates serves over 77,000 clients in more than 80 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com.
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