Fort Worth has stepped out of Dallas’ economic shadow with its own report from the Federal Reserve Bank of Dallas. The publication now aggregates data for Fort Worth, presenting an economic picture of the city that is separate from Dallas.
Economic Growth
The new report will help track Fort Worth’s growth and continued economic development, while monitoring issues such as the rise in home prices. According to the Fort Worth Economic Development Partnership, the city has seen major companies like MP Materials and Wistron coming to Fort Worth, with over $10 billion in capital investment and 11,000 new jobs in the last two years.
Steve Montgomery, president and CEO of the Fort Worth Chamber of Commerce, said the new datasets will make the city more attractive for expansion and investment. “For business leaders, lenders, developers, and policymakers, having a clearer picture of Fort Worth’s economy can lead to better decisions, lower perceived risks, and more efficient allocation of capital and resources,” he said.
The Fort Worth area showed explosive growth between 2019 and 2023, with gross domestic product surging by 36%, according to the organization’s analysis. The first separate report from the Dallas Fed reported that May data indicated Fort Worth’s job growth continued for the month, though slightly slower than in April.
Original reporting: Fort Worth Report — read the source article.
