Texas’ economic dynasty has reached yet another level.
For the 13th year in a row, Texas is the winner of the coveted Governor’s Cup, awarded to one of 50 states for a year-long total capital investment in economic development projects.
In Texas, business is still Bumin. At this rating, Streak could reach Oklahoma’s 47th consecutive football victory. If that happens, I’m not the one telling you about it.
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But news is who is driving growth.
It is Dallas-Fort Worth, a decades-long competitive region, but has recently collectively amplified its position as one of the country’s leading economic powers.
Dallas-Fort Worth is ranked as the second metro in a project that follows only Chicagoland. DFW had 489 projects at 582 in Chicago. Fort Worth isn’t just about drawing that weight for the team.
Over the past two years, Fort Worth has generated $3.7 billion in capital investments that encourage investment from companies such as Embraer, Dick’s sporting goods and more recently Fort Worth-based Bell.
All of this investment has led to over 6,000 new jobs across Fort Worth and Dallas, according to Site Selection Magazine.
“Texas is still a bell of ball,” said Robert Allen, CEO of the Fort Worth Economic Development Partnership. “And for Fort Worth, what we’re here, what we’re winning is a pretty strong statement and we won’t go anywhere anytime soon. There’s a great package.”
A great package includes Dallas-Fort Worth International Airport (the most important economic development project in our city and region). This is the professional business political environment, TCU, Arlington, Utah, Texas Wesleyan, Texas A&M Fort Worth, Tarrant County University, and a stable political landscape. If the governor or mayor makes a commitment, it’s good. Neither will go anywhere anytime soon.
“That kind of thing is important for CEOs,” Allen said. “They want to know that goal posts won’t change mid-game.”
Believe it or not, it is a psychological phenomenon of fear of overlooking it, whether you believe everything or not. Company leaders read news headlines on news platforms and social forums.
“They look at all these corporate headquarters (moving or moving plants here), and they see all these advanced manufacturing projects,” Allen said. “For those in other states, those who aren’t really friendly with the business, those who don’t want to, those who are struggling their heads don’t have a bit of fear. What’s going on in Fort Worth? Why is Bell Helicopter choosing to find the most advanced manufacturing project that will serve the US military for decades to come? Why are they landing the production of that critical component in Fort Worth?”
“They start asking questions, and that’s exactly what we want them to do. We want them to ask, we call their friends and say, ‘What’s wrong with Fort Worth? Is it really okay?’ Because the answer is yes. ”
Robust population growth is another major factor for businesses that want to move here, Allen said.
Fort Worth, America’s fastest growing metropolitan city, is quickly approaching one million people. Fort Worth has over 978,000 people, according to the latest figures from the US Census Bureau. Some forecasters have already put us over a million or under.
“We heard the comment once when Triple Seven (Boeing 777) landed at Dallas-Fort Worth International Airport. Everyone got off and they never came back,” joked Allen.
He also said Dallas and Fort Worth would soon become the only American subways with two cities with a base population of 1 million within 30 miles, Allen said.
“I’ve been asking a lot of people to disprove me,” Allen said. “No one could do that.”
Currently, the Metroplex population is 8.1 million.
To use sports analogies, DFW is like Aledo or Southlake. It’s a big town with just one high school, one football team and a deep talented pool.
Dallas’ two slots, the 11th largest city in the country, Fort Worth, is growing its capabilities and ambitious workforce faster than anyone in the country. If companies cannot find them here, all they have to do is turn the binoculars east.
We are the busiest ant mound.
“We can prove to the directors and CEOs of HR COO that we can provide the needs of your workforce today. We can deliver them in five years and then we have a pipeline that can deliver them for you, for you, for you, for you, for you, for you, for you,” Allen said. “We have it all.”
