Dallas-Fort Worth Metroplex
The Dallas-Fort Worth Metroplex is the official name given by the United States Office of Management and Budget to a certain area that covers 13 countries within Texas, which is a state in the United States. Residents of this area also refer to this title as Dallas/Fort Worth Metroplex, DFW, or just The Metroplex.
The Dallas-Fort Worth Metroplex is a cultural and economic hub of the region, which is commonly known as North Central Texas or just North Texas. Moreover, this area is America’s largest inland metropolitan area.
The population of Dallas-Fort Worth Metroplex has been growing since the year 2000 by nearly one million. In terms of population, this region is the largest metropolitan area in the state of Texas and the fourth-biggest area in the whole of the United States. Moreover, it is the tenth-biggest area in the whole of the Americas.
In terms of distance, the Dallas-Fort Worth Metroplex area includes nearly 9,300 square miles. The region is the fourth largest area in terms of GMP (Gross Metropolitan Product) in America and nearly the tenth largest globally.
Economy and Commerce
Within Dallas-Fort Worth Metroplex, the two major cities are Fort Worth and Dallas. After these two cities, there is the Arlington city in terms of its economy, since the state is a hub for a number of sports events, manufacturing, and tourism.
The North Texas region is known as an economic powerhouse, as it sees some of the major expansions and relocations on a regular basis by famous companies. Some of these famous companies include Toyota, FeDEx Office, State Farm, Kubota Tractor Corp, and Liberty Mutual.
Apart from these, the other integrated areas in the Dallas-Fort Worth Metroplex are known as ‘bedroom communities,’ since they chiefly serve as small business and residential cores, even though some of the main employers are situated in these areas.
Most of the business headquarters in America are located in the Dallas area and its periphery. The chief parts of the economy of Dallas-Fort Worth Metroplex is business organization and business operations.
Moreover, the Dallas-Fort Worth Metroplex encompasses the largest industry base of Information Technology in the region, which is often called Telecom Corridor or Silicon Prairie. This region has numerous business IT projects as well as electronics, telecommunication, and computing firms, like Texas Instruments, Dell Services, HP Enterprise Services, Nokia, AT&T, i2, Alcatel-Lucent, CA, Ericsson, Verizon, and Google in Dallas and its periphery.
Besides these, there is also the Texas ranching and farming industry, which is situated in the Fort Worth region. Moreover, there are many other major companies in Fort Worth, including Bell Helicopter Textron, Raytheon, and Lockheed Martin. The ‘Dallas Business Journal’ reports in its ‘Book of Lists’ of 2006 that American Airlines employs the largest number of people in Dallas-Fort Worth Metroplex.
Dallas Fort Worth International Airport
The major airport in the Dallas-Fort Worth Metroplex region is the Dallas Fort Worth International Airport, which is located between the cities of Fort Worth and Dallas. This airport is the busiest as well as the largest airport in Texas. Moreover, it is the second-largest airport in the United States and the sixth-largest airport worldwide.
The headquarters of American Airlines, which is located in Fort Worth, has its headquarters near the Dallas Fort Worth International Airport. The airport has been a vital source of economic development and growth in the Dallas-Fort Worth Metroplex region. Additionally, the airport has provided cargo infrastructure and air travel to individuals as well as businesses in the area. It has played a major role in the incorporation of Texas into the world economy.
Will the Booming Economy of the Dallas-Fort Worth Metroplex sustain?
The economy of the Dallas-Fort Worth Metroplex region is fully booming as per statistics. And, this economic boom is powering the low unemployment rate and job growth in the state as well as the nation. The business-friendly regulatory environment along with the lower cost of living of the Dallas-Fort Worth Metroplex area has augmented the recruitment of corporate headquarters and new jobs in the region.
However, the economic dominance of the North Texas region is in danger now. The major reasons behind this is the underfunded and backward educational system in the region, which has put a doubt into the minds of business leaders of a looming labor ‘crisis,’ since Texas is not churning out sufficient number of skilled words to fill its escalating job rate.
Economic development officials suggest that the region must entice talent towards it. However, the legislation, that proves that a lot of businesses are considered anti-LGBT in Texas, can thwart young workers and tourists to come to this area.
The other reasons why the economy of Dallas-Fort Worth Metroplex is in jeopardy is because it is economically tied to Mexico with its many trade deals with the neighboring nation. And, since the present president of the United States, Donald Trump, is looking ways to hinder free trade deals with Mexico, it can become more difficult to move workers as well as goods across the border. This poses some threat to the booming economy of the Dallas-Fort Worth Metroplex area.