Plano, located just north of Dallas, is one of the fastest-growing communities in the nation. It offers residents an ideal combination of housing, employment, dining, shopping, acclaimed education facilities and sporting and recreational facilities. In 2005, Plano was designated the best place to live in the Western United States by CNN MONEY magazine.Prospective residents often seek out Plano homes due to the city’s highly respected public school system. The corporate world has noticed the area's attributes and Plano is now home to such major companies as JC Penney, Ericsson, Pizza Hut, Cinemark Theaters and Dr Pepper Snapple Group. The annual Plano Balloon Festival and the Plano International Festival are two of the city's premiere cultural and entertainment events.