Linda McMahon, a seasoned leader within The Real Estate Council in Dallas, is poised to make history as the inaugural CEO of the newly formed Dallas Economic Development Corp.
In a recent announcement, the Dallas EDC revealed McMahon as the sole candidate for the CEO position, with her anticipated start date slated for July pending board approval scheduled for Tuesday.
McMahon’s appointment comes at a pivotal moment for the Dallas EDC, an independent nonprofit organization dedicated to fostering local businesses, advancing sustainable economic growth, and bolstering infrastructure within Texas’ largest metropolitan area.
The creation of the Dallas EDC was made possible by $7 million in funding from the American Rescue Plan Act, demonstrating a commitment to enhancing economic opportunities and competitiveness, particularly in the city’s southern sector.
With a mandate to attract business investments, spur job creation, and highlight the city’s strengths, the Dallas EDC operates autonomously in real estate transactions and has the potential to acquire property for future corporate relocations and commercial ventures.
John Stephens, President of the Dallas EDC and former AT&T CFO, expressed confidence in McMahon’s ability to steer the organization towards a prosperous future, citing her wealth of experience and strategic acumen.
Dallas Economic Development Corp. taps Linda McMahon for new CEO https://t.co/AyhRSVooFm
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McMahon’s tenure as CEO of The Real Estate Council since 2010, coupled with her 18-month stint as a board member of the Dallas EDC, underscores her deep commitment to addressing key urban challenges such as housing, workforce development, and transportation.
Tennell Atkins, a Dallas City Council Member, praised McMahon’s track record in community development and attracting substantial business investments, heralding her appointment as a boon for Southern Dallas.
McMahon will conclude her role at The Real Estate Council on June 30, prompting the organization to embark on a search for her successor. In the interim, Summer Loveland, TREC’s Chief Financial Officer, will assume the role of interim CEO.
Mike Geisler, TREC’s board chairman, commended McMahon for her steadfast leadership and expressed confidence in her ability to propel Dallas towards continued growth and prosperity in her new role at the Dallas EDC.
