By 2050, Collin County Will Rival Entire States in Economic Output

Collin County is on a trajectory to become an economic powerhouse by 2050, with projections indicating its gross domestic product (GDP) will surpass that of several U.S. states.

According to a recent study, the county's GDP is expected to match Missouri's current GDP of approximately $350 billion, accounting for about 10% of Texas's total GDP.

This remarkable growth is driven by a surge in technology and artificial intelligence sectors.

Major corporations, including Hewlett Packard Enterprise, JPMorgan Chase, and Toyota North America, have established significant operations in cities like Plano, contributing to the county's economic expansion.

Population growth is another critical factor.

Collin County's population reached 1,178,520 in 2023 and is projected to grow to 1,293,047 by 2028.

Notably, cities such as Celina have experienced a 97% population increase since 2020, reflecting the area's attractiveness to new residents.

Infrastructure developments are keeping pace with this growth.

The North Texas Tollway Authority is expanding the Dallas North Tollway through Prosper and Celina, with a six-mile extension slated to open in 2027.

Additionally, the Collin County Outer Loop is under construction to improve regional connectivity.

Educational institutions are also playing a role in sustaining economic momentum.

The University of North Texas is establishing a campus within the Fields development in Frisco, aiming to equip the workforce with skills essential for the evolving economy.

As Collin County continues to attract businesses and residents, it is poised to become a leading economic engine in Texas and the nation by mid-century.