Aasem Khalil highlights Goldman Sachs' $700 million investment in a new Dallas campus to bolster the state's 'Y'all Street' financial boom.
Aasem Khalil, a partner at Goldman Sachs, is overseeing the construction of a new 800,000-square-foot campus in Dallas, Texas. The $700 million project is expected to open in 2028 and will eventually employ more than 5,000 local workers. This massive investment underscores the growing trend of financial institutions expanding into Texas, which now boasts the most Fortune 500 companies in the nation. Local leaders are championing the state's burgeoning financial sector, often referred to as 'Y'all Street.' The business-friendly environment, characterized by lower taxes and lighter regulations, has attracted major corporations like Tesla and SpaceX. While established giants like the New York Stock Exchange and Nasdaq have opened Texas outposts, the new Goldman Sachs campus serves as a visible symbol of the financial industry's shift toward the Lone Star State. Khalil notes that the region's growth is a natural evolution of the financial services industry, as companies seek to-be closer to lucrative clients moving to Texas.