Dallas RadioShack has forged an agreement with Tarrant County College that will allow the company to remain in Fort Worth, Texas. The company was considering moving its headquarters out of the region, according to the Dallas Business Journal.
School administrators announced at a Thursday night Tarrant County College board meeting that the company's lease on the campus it shares with the college has been extended for five years.
Fort Worth competed with five other communities, including its neighbor Irving; Tampa, Fla.; Albuquerque, N.M.; Raleigh, N.C.; and Nashville, Tenn.; to keep RadioShack, said David Berzina, executive VP economic development for the Fort Worth Chamber of Commerce.
“We are gratified by RadioShack’s decision to keep its corporate headquarters in Fort Worth, where it has maintained a strong presence as a global leader and engaged corporate citizen for several decades," Berzina said. “There is tremendous competition around the country among cities that are vying for the business of industry-leading corporations such as RadioShack."
RadioShack employs about 1,700 people in two of five buildings on the 900,000-sq.-ft. campus it shares with Tarrant County College.