The population of the Dallas-Fort Worth area keeps swelling, and is now the 4th largest metro area in the country, up from 6th place in 2010. In fact, DFW was only one of three metros to gain at least 1.2 million residents since 2010, along with Houston and NYC. DFW’s attractive quality of life, strong regional and state economy, low cost of living, skilled labor force, pro-business mindset, and lack of corporate and personal income taxes contribute to a thriving economy.
RECENT DALLAS-FORT WORTH EXPANSIONS AND RELOCATIONS
Its growth in Dallas (and Texas, overall) has lured in companies from other states such as California and New York. And, a massive number of tech companies, in particular, have declared DFW as their new, permanent home.
A Fort Worth Report analysis of Dallas Regional Chamber data compiled from news articles shows 44 corporations have either expanded operations, added new facilities or relocated their headquarters to Fort Worth since 2010. Compared with the total number for North Texas, that accounts for 8.3% of all announcements since 2010. In total, 530 corporations announced big business moves to the region between 2010 and January 2022, according to the Dallas Regional Chamber’s data. The area’s expansion rate has increased by 48 percent, making it the eighth-most rapidly expanding city in the nation.
Much of the growth can be attributed to building various forms of transportation strategically ahead of actual need beginning with the DFW International Airport. The airport set the region to be recognized as a national crossroads. Being strategically centered in the middle of the country, DFW Airport allows travelers to travel to either coast in a matter of a few hours. Furthermore, the surrounding transportation supporting the 12th largest airport in the country and nearby towns is equally as impressive.
FORTUNE 1000
Many of the best companies to work for in the U.S. are located in the Dallas Region. Today, DFW is home to 24 Fortune 500 and 45 Fortune 1000 companies, a diverse group of companies like American Airlines, Southwest Airlines, Kimberly-Clark, Toyota Motor North America, and Texas Instruments are spread throughout the Dallas Region.
Displayed above are the Fortune Global 500 Companies announced in 2021. Source: DRC Research; Fortune Magazine; Forbes Magazine, Dallas Regional Chamber
MAJOR COMPANIES AND HEADQUARTERS IN DALLAS-FORT WORTH
Target industry sectors in Dallas include building design and construction, company headquarters and operations, food manufacturing, IT services, logistics, and telecommunications. Baylor Scott & White Health, Texas Health Resources, Lockheed Martin, University of Texas Southwestern Medical Center, and Medical City Healthcare are the top five employers in Dallas. Major colleges and universities in the Dallas metropolitan area include the University of Texas at Arlington, the University of Texas at Dallas, the University of North Texas, and Southern Methodist University.
Education & Health Care
Abbott Laboratories, AMN Healthcare, AxxessBaylor, Scott & White. Blue Cross Blue Shield of Texas, CareNow, Children’s Health, CHRISTUS Health, CIGNA Healthcare, Conifer Health Solutions, Cook Children’s Health Care System, Dallas College, Golden Living, HMS Holdings, McKesson, Medical City Healthcare, Methodist Health System, Parkland Hospital, Tarrant County College, Tenet Healthcare, Texas Health Resources, UnitedHealthcare, University of North Texas System, UT Arlington, UT Dallas, UT Southwestern Medical Center, Justin Brands, Keurig Dr Pepper, Kimberly-Clark, Kubota, L-3Harris Technologies, Lennox International, Lockheed Martin, Mary Kay, NCH Corporation, Nokia North America, Overhead Door, PepsiCo, Peterbilt Motors, Poly-America, Qorvo, Raytheon Technologies, Reddy Ice, Sally Beauty Holdings, Samsung Electronics America, Smith & Nephew, Solar Turbines, STMicroelectronics, Tetra Pak U.S., Texas Instruments, Toyota Motor North America, Triumph Aerostructures.
Professional & Business Services
Accenture, AT&T, Atos, Boston Consulting Group, Corgan, CROSSMARK, Deloitte, DXC Technology, Ernst & Young, FedEx Office, Freeman Company, Google, HKS, IBM Corporation, Intuit, Jacobs Engineering Group, KPMG, McAfee, McKinsey & Company, Microsoft Corporation, NTT Data, PwC, RealPage, Ryan Salesforce, Sammons Enterprises, Thomson Reuters, Thryv, T-Mobile, Tyler Technologies, Verizon Wireless, Weaver, HollyFrontier, Hunt Consolidated, Luminant, Matador Resources, Oncor, Pioneer Natural Resources, Range Resources, Reliant, an NRG Company, TXU, Vistra Energy.
Manufacturing
Airbus Helicopters, Alcon Laboratories, American Leather, Arcosa, Bell Helicopter, Bimbo Bakeries USA, Bombardier Aviation, Borden Dairy, Celanese Corporation, Cisco Systems, Coca-Cola, Southwest Beverages, Commercial Metals, Dal-Tile Corporation, Darling Ingredients, Diodes Inc, Encore Wire Corp, Ericsson, Essilor, Farmer Brothers, Flowserve Corporation, Fossil Group, Frito-Lay North America, Fujitsu Network Communications, General Motors, Gulfstream Aerospace Corporation, Hilti North America, Huawei Technologies USA, Integer Holdings, Interceramic Interstate Battery.
Energy
Atmos Energy Corporation, Basic Energy Services, Bass Enterprises, Comstock Resources, Delek US Holdings, Denbury Resources, Energy Transfer, EnLink Midstream Partner, Amegy Bank, Bank of America, Bank of Texas, BBVA, Billingsley Company, Capital One Bank, CBRE Group, Inc., Charles Schwab, Citi Comerica Bank, CyrusOne, Digital Realty, Federal Reserve Bank of Dallas, Fidelity Investments, Frost Bank, Globe Life, GM Financial, Goldman Sachs & Co, Hillwood Development Company, HUB International JLL, JPMorgan Chase, Liberty Mutual, Moneygram International, Mr. Cooper Group, Options Clearing Corporation, ORIX USA, Santander Consumer USA.
Construction
AECOM, Andres construction services, Austin Industries, Balfour Beatty, Beck Group, Brandt Builders Firstsource, Centex Corporation, D.R. Horton, Eagle Materials, Fluor Corporation, Green Brick Partners, Hill & Wilkinson, Invitation Homes, Lehigh Hanson Company, McCarthy Building Companies, MEDCO Construction, PLH Group, Primoris Services, SRS Distribution, TDIndustries, Turner Construction, U.S. Concrete, Silicon Valley Bank, State Farm Insurance, TD Ameritrade, Texas Capital Bank, TIAA, Toyota Financial Services, Trammell Crow Company, Truist Bank, USA, Veritex Holdings, Wells Fargo, Zillow
Trade & Transportation
7-Eleven, Alaska Airlines, Amazon, American Airlines Group, Andrews Distributing Company, At Home Group, Ben E. Keith Company, BNSF Railway, Boeing Container Store Group, Copart, Core-Mark, Dallas Love Field, DFW International.
Leisure & Hospitality
American Airlines Center, Arcis Golf, AT&T Stadium, Brinker International, CEC Entertainment, Cinemark Holdings, Cinépolis, ClubCorp Holdings, CorePoint Lodging, Dave & Buster’s, Del Frisco’s Restaurant Group, Fiesta Restaurant Group, Hilton, Hotels.com, La Madeleine, Lone Star Park, LSG Sky Chefs USA, Pei Wei, Pizza Hut, Six Flags Entertainment, Smoothie King, Texas Motor Speedway, Topgolf Entertainment Group, Yum China Holdings.
Financial Activities
AAA Texas, Alkami Technology, Allstate Airport, FedEx, Furniture Marketing Group, Gamestop, Greyhound Lines, HOLT CAT, J.C. Penney, Match Group, McLaren, Michaels Companies, MV Transportation, NEC Corporation of America, Neiman Marcus Group, Pier 1, Rent-A-Center, Republic National, Distributing Company, Sabre Corporation, Sewell Automotive Companies, Southern Glazer’s Wine & Spirits, Southwest Airlines, Target, The Kroger Co., Trinity Industries, Tuesday Morning, Uber Technologies, Union Pacific, UPS, Waymo.
GLOBAL TRADE
The Dallas metropolitan area, according to the International Trade Administration, was recorded as the 5th largest export market in the U.S. in 2020 with merchandise consignments worth $35.6 billion. Figures show that 8,441 companies exported goods from the Dallas metropolitan area, of which 87% were small or medium-sized businesses.
The top Dallas-Fort Worth area export markets include USMCA partners, Mexico and Canada, as well as South Korea, Taiwan, China, Japan, Singapore, the Netherlands, Germany, the U.K., and the Philippines. While the top export markets include the Asia Pacific Economic Cooperation, NAFTA partners, and the European Union. DFW’s Gross Metropolitan Product has been the fastest growing amongst major metropolitan areas as a result of the expansion of the DFW global trade. The region accounts for 26% of the population in Texas.
Dallas-Fort Worth is one of the top regions in the country for business, thanks to its low cost of living, business-friendly environment, and a strong base of well-educated and skilled employees. Plus, DFW is literally in the middle of things with a central location in the southern U.S. that gives access to both U.S. and international markets.
As informed investors we should understand the risks associated with real estate investing and that there is no guarantee. Please do your due diligence.
