Economic Development Profile 2016
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1 Economic Development Profile 2016 Major Industries & Careers Credit: Urban Fabric Photography Credit: Corgan Credit: DCVB
2 Major Dallas Industries The Dallas Fort-Worth MSA has a notably higher concentration than the nation of mining, construction, manufacturing and logistics occupations, as well as high-end business service and information occupations. Industry Dallas-Fort Worth MSA Employment by Industry (Annual 2015) Jobs Trade, Transportation, and Utilities Professional and Business Services Comparative National, DFW and City Industry Jobs Mix Trade, Transportation, & Utilities 723,500 Professional & Business Services 561,000 Education and Health Services 416,600 Government 409,300 Leisure and Hospitality 351,100 Financial Activities 276,300 Manufacturing 263,000 Mining, Logging and Construction 199,500 Other Services 118,900 Education and Health Services Leisure and Hospitality Financial Activities Manufacturing Government Mining, Logging and Construction Other Services Information Information 80,200 Total 3,399,400 0% 5% 10% 15% 20% US DFW COD Source: Texas Workforce Commission, Bureau of Labor statistics, COD (Annual 2015). 16
3 Fortune 500 Companies Dallas is one of the world s leading corporate headquarters centers. It boasts: 21 Fortune 500 companies and 41 Fortune 1000 companies in DFW 7 companies on the 2015 Forbes list of America s Largest Private Companies (DFW) 656 total headquarters operations that employ at least 1,000 globally (DFW) Fortune 500 Companies Headquartered in the City of Dallas (2015) Dallas efficiency as a headquarters city is based on its: Quality transportation system with air operations to 148 U.S. and 55 international cities Large metro professional services workforce - 561,000 jobs (DFW MSA 2015 average) Affordable cost of business with a cost of living 96.1% of the national average (2015) Central location and great business culture Source: Fortune, Forbes, Hoovers, City of Dallas Office of Economic Development, C2ER, and Texas Workforce Commission. Other DFW Fortune 500 companies: Exxon Mobil American Airlines Group Fluor Corp. Kimberly-Clark J.C. Penney GameStop D.R. Horton, Inc. Commercial Metals Celanese Dr. Pepper Snapple Group Alliance Data Systems Pioneer Natural Resources 17
4 Dallas-Headquartered Companies The City of Dallas is home to: 157 publicly-traded companies 3,413 company headquarters 225 Class A office buildings Over 6,500 industrial/flex buildings Source: Hoovers and CoStar. Largest Publicly-Traded Companies Headquartered in Dallas 18
5 Career Opportunities Dallas diverse business environment offers almost any career the opportunity to grow. Over 65,000 businesses call the City of Dallas home, including global leaders such as Texas Instruments, AT&T, Comerica and Southwest Airlines. Dallas 59,000 small businesses offer numerous employment opportunities. 21 Fortune 500 companies are based in the Dallas area. Dallas job growth rate has exceeded the nation since 2003 and is forecasted to grow faster than the nation through Dallas unemployment rate has been below the nation s for over eight years. DFW has 229,086 technology jobs, or one third of all technology jobs in Texas. With the seventh largest concentration of jobs in the U.S., it is the state s deepest technology labor pool (Dallas Regional Chamber). Projected Percentage Job Growth and Job Levels Selected High Tech Occupations Dallas Workforce Development Area 41 Dallas City Payroll Employment By Sector (2015) Trade, Transportation, and Utilities 20.0% Professional and Business Services 18.9% Education and Health Services 14.4% Leisure and Hospitality 10.0% Financial Activities 9.8% Manufacturing 7.4% Government 6.7% Mining, Logging and Construction 5.2% Other Services 4.5% Information 3.2% Source: City of Dallas analysis based on Texas LMI, Bureau of Labor Statistics and Info USA. Percentage Change in Employment for 11 Largest Metro Areas 2014 to 2015 Los Angeles U.S. Miami Washington D.C. New York Philadelphia Boston Chicago Houston Atlanta San Francisco Dallas Source: U.S. Bureau of Labor Statistics, Payroll Employment
Comparative City, DFW and National Industry Jobs Mix
The City of Dallas has a notably higher concentration than the nation of mining, construction, manufacturing and logistics occupations, as well as high-end business service and information occupations.
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