Innovation and Incubation Hub

According to the article, “The retail division of the Tokyo-based business solutions giant plans to open a new innovation and incubation hub at Frisco’s Hall Park development. Toshiba will bring 50 new jobs to the region in 2022, with plans to expand its local team to around 150 over the next two years.” Additionally, “We’re focused on providing scalable, customer-centric solutions that deliver optimized experiences to meet consumers when, where, and how they shop,” said Rance Poehler, president and CEO at Toshiba Global Commerce Solutions, in a statement. “While many tech companies are cutting back, we’re investing significantly and expanding to meet new demand created by our commerce platform recognized for accelerating digital transformation to deliver an exceptional retail experience.”

Texas Talent for Toshiba

According to the Cummings article, “Toshiba cited North Texas’ tech talent pool as a reason for locating the hub in Frisco. “Part of our strategy includes engaging emerging startups in the region to expand our ecosystem,” said Mike Yeung, EVP and CTO of Toshiba’s retail division, in a statement. “Our investments in IoT, data analytics, and computer vision enable retailers to provide a consistent, compelling experience for consumers, whether they shop in-store, at curbside, on their mobile device, or at home.”

Hall Park in Frisco

The article concludes, “Toshiba’s move adds to what is already Frisco’s largest workforce site, with more than 10,000 workers employed at Hall Park. Last October, Dallas developer Hall Group launched a $7 billion redevelopment of Hall Park that will add more than 9 million square feet of mixed-use space to the development. “Toshiba’s research and development expansion will bring new corporate innovation jobs that will provide great opportunities for Frisco residents and further expand our tech ecosystem,” Frisco Mayor Jeff Cheney said in a statement.”

A fantastic location and a large talent pool are only a few reasons Toshiba comes to Frisco. Find your Frisco home with help from Globus Realty today!

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