Tech company set for $1.45 million expansion in Richardson's Innovation Quarter

The company will lease approximately 70,000 square feet across IQ facilities at 1155 E. Collins Boulevard and 1680 Prospect Drive, including a 14,000-square foot expansion at the Prospect Drive location. Crescent Systems will add 36 new jobs over the next two years with an average salary of approximately $117,000.

“With our headquarters here in Richardson, our presence furthers the city’s rich history as a corporate hub to technological innovation and incubation,” Crescent Systems Chief Innovation Officer Ryan Tinay said in the release.

The City of Richardson is supporting the expansion with a $150,000 Business Retention and Expansion Grant, according to the release.

Quote of note

“Crescent Systems has been an important part of Richardson’s business community for many years,” City Manager Don Magner said in the release. “Its decision to expand within The IQ demonstrates both confidence in Richardson’s future and the district’s role as a hub for innovation, collaboration, and long-term business growth.”