Texoma is everything that an investor could possibly want in a market they're investing in. It has land to grow, it has affordable prices, it's extremely close to Dallas, it has a base of home buyers that are looking to make purchases and most importantly, it has a future: Tech.
Last fall, Sherman,Texas was named one of 31 tech hubs in the US that aims to improve the semiconductor supply chain. That set off a chain reaction of growth that's bringing hundreds of millions of dollars of investment to our area.
Sherman 'Silicon Alley' Texas
The Texoma Semiconductor Tech Hub was established in October 2023 through the CHIPS Act. It's one of just two tech hubs selected in Texas and one of 31 designated across the United States.
That gave it a share of the $280 billion in federal funding that are available to companies working to develop and manufacture chips. Furthermore, Texas has made an additional $1.4 billion available through the Texas CHIPS Act.
Now, Sherman is competing with those other hubs for a $40 - $70 million grant that will further advance projects.
Investments Coming To Sherman
Texas Instruments
- Four new factories
- $30 billion investment
- $150-280 million in tax revenue
- Begin production by 2025
Globitech
- New semiconductor manufacturing plant
- $5 billion investment
- 1500+ jobs
- $160-240 million in tax revenue
II-VI (formerly Finisar)
- Laser technology facility expansion
- Used in Apple Face ID & more
- $3 billion+ investment
- Awarded nearly $1 billion in grants by Apple
- Begin Construction by 2025
Tech Education
Schools from K-12 to college are getting involved in the tech boom in Texoma. Sherman High School (pictured to the right) is offering partnerships with high-tech firms like TI to expand STEM opportunities.
Sherman ISD has also teamed up with the National Math & Science Institute to help prepare students for careers in STEM fields.
North Texas Semiconductor Institute
Meanwhile, the University of Texas at Dallas is working to streamline research and university work across Texas to help advance the semiconductor industry in Grayson County.
The institute is working with schools K-12, community colleges and higher education facilities within the University of Texas system.
Grayson County: By The Numbers
All numbers from U.S. Census Bureau 2023
Grayson County In The News
Texas is booming; so is Sherman
Published Jan. 9, 2024 by KTEN
Deputy Mayor Shawn Teamann believes the city's population could double over the next decade.
Apartment builders are headed north to Grayson County
Published Nov. 10, 2023 by Dallas Morning News
With thousands of jobs coming at new semiconductor plants, new rental units are going up
Sherman takes step towards beach club
Published Dec. 29, 2023 by KXII
After two years of being stagnant, construction is set to begin at the Bel Air Beach Club off Highway 1418 in Sherman.
Slaughter Investing Overall Rating
The Texoma Corridor checks all of our boxes for a successful market that you want to invest in. It's seeing significant growth in population and jobs, and buyers are beginning to take notice. That's why we're giving this market 5 stars out of 5!
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