Dallas-Fort Worth is America’s new boomtown: The Texas region added more than 170,000 new residents between 2021 and 2022 — more than any other metro area — and 265 businesses relocated or expanded in the area
Dallas-Fort Worth is America’s new boomtown: The Texas region added more than 170,000 new residents between 2021 and 2022 — more than any other metro area — and 265 businesses relocated or expanded in the area
- The population of the Dallas-Fort Worth metro area grew by 170,000 last year
- It is the fastest growing metro in the US – Fort Worth is the fastest growing city
Dallas-Fort Worth is the fastest growing metro area in the US, with more than 170,000 people between 2021 and 2022.
Migration to the area is largely caused by the relocation of businesses, according to Axioswhich reported that 265 have made the switch since 2020.
Dallas and Fort Worth are the 9th and 13th largest cities in the country, with approximately 1.3 and 1 million residents respectively.
Together with other cities including Arlington, Plano and Garland, they form part of the Dallas-Fort Worth metro area, which has a total population of 7.9 million.
Although the population is currently the fourth largest in the province, an analysis by the site of the move shows move Buddhapublished in June, predicted it would be the largest by the year 2100, with a population of more than 30 million.
Dallas-Fort Worth is the fastest growing metro area in the US, with more than 170,000 people between 2021 and 2022. Pictured is downtown Dallas, a business center for white-collar workers
Stimulating the migration of people is the relocation of companies. Fort Worth has a reputation as a destination for the oil and gas, aerospace and defense industries. Pictured are Motorola employees assembling Moto X phones
Not only was Dallas-Fort Wort the fastest growing metro in the country, but Fort Worth itself was also the fastest growing city – adding 19,000 people between July 2021 and 2022.
Robert Sturns, the city’s director of economic development, told Axios that Fort Worth is attractive to business leaders because of its established identity.
“We have a clear character. We’re Cowtown,’ he said. “That’s not something we shy away from.”
Fort Worth has a reputation as a destination for the oil and gas, aerospace, and defense industries, while Dallas is considered a white-collar business center specializing in financial services and real estate.
Despite Fort Worth’s rapid growth, Mike Rosa, senior vice president of economic development for the Dallas Regional Chamber, told Axios that the health of Dallas is still important to the various satellite cities.
In June 2022, Caterpillar announced it would move its headquarters from Illinois to Irving. Pictured is the previous Illinois headquarters
Pictured is the inside of a General Electric factory in Fort Worth, Texas
‘It is important that the core city, the branded city, is healthy and lively and radiates a positive image. That helps a Frisco. That helps a Plano,” Rosa told the outlet.
In June 2022, Caterpillar announced it would move its headquarters from Illinois to Irving – the fifth largest city in the Dallas-Fort Worth metro area and not far from the Dallas-Fort Worth Airport.
At the time, the company told Fox News it estimated most of the approximately 230 Deerfield employees would move with them.
Caterpillar – which has more than 100,000 employees worldwide – had been based in Illinois since 1925. The move made it the 54th Fortune 500 to be based in Texas, Governor Greg Abbott noted at the time.
Axios reported that Irving has seen more than 20 business expansions since 2020 alone.