As the list of positives about doing business in Fort Worth just keeps growing longer, new expansion announcements keep rolling out and accolades keep pouring in for the area's economic climate.
Awards and Accolades
Fort Worth ranked No. 3 on Forbes magazine's 2013 list of Best Big Cities for Job Seekers and No. 4 on its list of Best Big Cities for Jobs. Forbes also named Fort Worth No. 1 in Texas and No. 6 in the nation on its list of the Fastest Growing Cities Since the Recession and No. 9 on its list of Big Cities Leading the U.S. Manufacturing Revival. NewGeography.com named it the No. 1 Texas city for job growth, and ranked it fourth in the U.S.
Site Selection named the Fort Worth Chamber a Top 10 Economic Development Organization in the U.S. for 2013, marking the seventh time the chamber has made the Top 20 in the past nine years. Site Selection also listed the DFW area as the fourth-best market for corporate relocation and expansion.
Aviation, Location and Infrastructure
In addition to a low tax structure and business-friendly climate, a major component in Fort Worth's explosive growth and high-profile recognition is the city's central location and solid transportation infrastructure, which includes four area airports (DFW International, Alliance, Meacham and Spinks) that collectively serve more than 57 million travelers a year.
DFW International, which celebrated its 40th anniversary in 2014, is the busiest hub for Fort Worth-based American Airlines, which became the world's largest airline after merging with US Airways in late 2013. American Airlines is Fort Worth's largest employer, with 21,000 employees and 175,000 vendors, contractors and others whose livelihoods depend on it. The company contributes $27 billion to the North Texas economy.
Made for Success
Whether large or small, a natural gas company or a high-tech entrepreneurial startup, Fort Worth’s business climate is tailor-made for success. The DFW Metroplex is now home to the fourth-highest concentration of Fortune 500 company headquarters in the United States.
The city is known for its legacy defense manufacturing facilities, including such corporations as Lockheed Martin and Bell Helicopter. It’s also the international headquarters for American Airlines, BNSF Railway, and Pier 1 Imports.
Diverse Commercial Center
Well-known players in health care, finance, telecommunications, education, tourism, retail trade and services make Fort Worth a truly diverse commercial center. They all combine to create a robust economy that has withstood the nation's economic slowdown and is well positioned to continue.
Sometimes those numbers are hard to measure, but the hard facts are that employment here is growing at the fourth-strongest rate of the country’s top 25 largest metro areas. Fort Worth has the third largest percentage increase in employment among metropolitan divisions.
Nearly $6.5 billion in public and private funds have been invested in 17,000-acre AllianceTexas, a master-planned, mixed-use community in north Fort Worth that contains more than 370 companies and approximately 7,700 homes. More than 37,000 people work in AllianceTexas, and there's more growth to come. In its 25-year existence, the development has generated more than $50 billion in economic impact on Fort Worth and surrounding communities, including more than $1 billion in property taxes to the cities of Fort Worth, Roanoke, Haslet and Westlake; Tarrant and Denton Counties; and the Keller and Northwest Independent School Districts.
Learn more about jobs in Fort Worth, TX.