Those financial institutions and the big buildings they're located in also brings lots of jobs to downtown Dallas; something that's still lacking in downtown Fort Worth, imo........
At last count, 75% of jobs in DFW are on the "Dallas side".
I don't think the Fed has anything to do with it. It's a matter of the will to be in Fort Worth overcoming the talent deficit here vs. Dallas....
Going back to my original comment, you just have to see investors and funds with the WILL to be in Fort Worth. If they plant a stake in the ground here, they can get the talent. It's tougher vs. being in Dallas, but it can be done.
.... It just seems obvious to me that Dallas will continue to lead in this area and by a large margin. And I'm fine with that....
Obviously, Fort Worth has and is holding its on against pretty significant competition; all the while maintaining a particular style of life that keeps people living here even if commuting elsewhere is necessary.
Not sure and hannerhan, you make me feel proud.
Well, I certainly believe that this discussion deserves its own topic. Why? - Because it is easy for Fort Worth to be overshadowed by a very robust and impressive neighbor; and for Fort Worth to be discounted by some.
I give credit to our neighbor. Its record is as good or better than any other metropolis in the country. Fort Worth is different; and of course, it must be economically as it is practically impossible for two cities as close as Dallas and Fort Worth are to one another to be the equal. It would go against the way that markets typically operate.
So, instead of rating Fort Worth to its satellite neighbor, I thought it would be interesting to rate Fort Worth to another market - Austin.
October 2016 BLS: DFW Employed 3,590,500 workers (70% D; 30 FW); that indicates that 1,077,150 jobs were in Tarrant County. I also think it is worth pointing out that in comparison, Austin total jobs for the same month is 1,070,200.
As I have previously commented, I think Fort Worth is doing an incredible thing given that it is (1) within Dallas' sphere ;and (2), it does not have the incredible advantage of having a large state university, having the seat of the state government, and having a large federal employment base.
This current story in the Fort Worth Business Press illustrates just how remarkable Fort Worth is: