To the Red River: The Northward March of North Texas | Part 3 Grayson County, The Red River Valley’s Rise


This five-part series delves into the dynamic northern migration of people, businesses, and commercial real estate in North Texas, exploring how this shift is reshaping the region toward the Red River. As DFW’s growth continues its steady northward march, there are key areas like “The Sister Cities” (Anna, Melissa, Celina, Prosper, Aubrey), Grayson county (Sherman, and Denison), that are driving developments and infrastructure projects. From the evolving cityscapes of Legacy and Legacy West to the rise of Fields West and other major contenders, this series provides an in-depth look at the trends, challenges, and opportunities that are redefining North Texas and setting the stage for its next phase of growth.

One area that has recently captured the spotlight in this northward expansion is Grayson County. Located just south of the Red River, Grayson County has long been known for its agricultural heritage and charming small towns. However, a series of major announcements have propelled the county into a new era of economic development.

The most notable of these announcements is the planned construction of several large-scale chip manufacturing plants. In 2021, Texas Instruments announced a $30 billion investment in a semiconductor manufacturing plant in Sherman, which is expected to create up to 3,000 direct jobs. This facility will be one of the largest of its kind in the United States, producing advanced chips for various industries, including automotive, industrial, and consumer electronics.

The Semiconductor Boom

The arrival of Texas Instruments has spurred a flurry of activity in Grayson County. Sherman, the county seat, is rapidly transforming into a technology hub, with other companies considering the area for additional semiconductor-related developments. This influx of high-tech industry is not only boosting the local economy but also attracting a new wave of residents and businesses.

In addition to Texas Instruments, GlobiTech, a subsidiary of Taiwan-based GlobalWafers Co., is building a $5 billion semiconductor manufacturing plant in Sherman.  It expects the facility to eventually produce 2.4 million silicon wafers per month and create 1,500 jobs.

By the numbers: The first phase of the Texas Instruments project is expected to raise between $150-$280 million in tax revenue, per the Dallas Morning News.  The GlobiTech project could generate between $160-$240 million.  One of the key reasons for the chip explosion in this area is Sherman’s proximity to Lake Texoma, one of the United States largest reservoirs, making it particularly well-suited to the water-intensive chipmaking process.  These ongoing development are further solidifying Sherman’s position as a key player in the global semiconductor supply chain.

Infrastructure and Workforce Development

To support this growth, significant investments are being made in infrastructure and workforce development. The Sherman Economic Development Corporation (SEDCO) is working closely with local educational institutions, such as Grayson College, to develop specialized training programs tailored to the needs of the semiconductor industry. These programs are designed to equip the local workforce with the skills needed to thrive in this high-tech sector, ensuring that the benefits of this economic boom are felt throughout the community.

Moreover, state and local governments are investing in transportation and utility infrastructure to accommodate the influx of new businesses and residents. The expansion of U.S. Highway 75, which runs through Sherman, is a key project aimed at improving access to the region and supporting the anticipated increase in traffic. Additionally, upgrades to the local water supply and power grid are underway to meet the demands of the growing industrial base.

Housing and Commercial Development

As jobs in the semiconductor industry bring new residents to Grayson County, the demand for housing has skyrocketed. Developers are responding with a wave of new residential projects, ranging from single-family homes to multifamily apartment complexes. The city of Sherman has issued permits for over 4,000 new homes since the Texas Instruments announcement, and the pace of construction shows no signs of slowing down.

Alongside residential development, commercial real estate is also experiencing a boom. Retail centers, restaurants, and entertainment venues are springing up to serve the growing population. Downtown Sherman is undergoing a revitalization, with historic buildings being repurposed for modern use, creating a vibrant mix of old and new.

The Sherman- Denison Corridor

The twin cities of Sherman and Denison are at the heart of Grayson County’s growth. While Sherman is becoming known as a tech hub, Denison is capitalizing on its location near Lake Texoma and its historic charm to attract tourists and new residents. The Sherman-Denison corridor along U.S. Highway 75 is quickly becoming a major economic engine for the region, with new businesses, hotels, and residential developments lining the route.

Denison, known for its historic Main Street and as the birthplace of President Dwight D. Eisenhower, has embraced its cultural heritage while also welcoming modern amenities. The city has invested in downtown beautification projects and public spaces, attracting visitors and enhancing the quality of life for residents. Lake Texoma, a popular destination for boating, fishing, and outdoor recreation, adds to Denison’s appeal, making it a sought-after location for those looking to enjoy a blend of history, culture, and nature.

 Regional Collaboration

As Grayson County grows, collaboration between local governments, businesses, and educational institutions will be crucial to managing the challenges and opportunities that come with rapid development. The Texoma Council of Governments (TCOG) plays a key role in fostering regional cooperation on issues such as infrastructure, transportation, and workforce development. By working together, the communities of Grayson County are better positioned to navigate the complexities of growth while ensuring that the benefits are shared widely.

Looking Ahead

Grayson County’s transformation is a testament to the power of strategic investment and regional collaboration. The combination of high-tech industry, a skilled workforce, and a growing population is creating a new economic frontier in North Texas. As the northward march of development continues, Grayson County is poised to become a key player in the broader story of North Texas’s expansion. The challenge for local leaders will be to maintain the balance between growth and preserving the unique character and quality of life that make this region so appealing.

A New Chapter

The relentless push northward is reshaping the landscape of North Texas, from the booming cities of Collin and Denton counties to the emerging economic powerhouse of Grayson County. As the population line moves closer to the Red River, the region is experiencing unprecedented growth, bringing both challenges and opportunities.

For communities along this growth corridor, the future is bright but requires careful planning and collaboration. Infrastructure development, workforce training, and sustainable growth strategies will be key to ensuring that the benefits of this expansion are realized without sacrificing the qualities that make North Texas a desirable place to live, work, and do business.

As North Texas continues its march toward the Red River, the region’s ability to adapt and innovate will determine its success in the coming decades. The journey is far from over, and the story of North Texas’s northward expansion is one of vision, resilience, and the relentless pursuit of opportunity.

Interested in investing in Texas?

If you’re an accredited investor, you can sign up and invest in Texas-based opportunities directly through our online investment platform, Partners Finance—the capital-raising division of Partners Real Estate.*

*Securities offered through Partners Finance, member FINRA / SIPC. Investing in private placements is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. Some of the risks of investing in real estate include changing laws, including environmental laws; floods, fires, and other acts of God, some of which may not be insurable; changes in national or local economic conditions; changes in government policies, including changes in interest rates established by the Federal Reserve; and international crises.

Click here to request supplemental material.

 

Steve Triolet
Senior Vice President of Research and Market Forecasting
[email protected]
tel 214 223 4008