In recent years, Texas has become a magnet for corporate relocation, and Fort Worth is now leading the charge. A combination of business-friendly tax laws, a robust ecosystem, talent attraction across diverse industries, and ample room for growth have contributed to the city's rapid rise in popularity among businesses seeking new headquarters.
Fort Worth Mayor Betsy Price attributes this success to the efforts made by both local government and private sector partners. "We've worked tirelessly to create an environment that encourages innovation and fosters strong relationships between businesses, educational institutions, and our residents," said Price. "Our low taxes and streamlined regulations are just part of what makes Fort Worth appealing; it's also about providing resources like workforce training programs that help make our community even more competitive."
The city's strategic location within Texas also plays a significant role in its appeal to companies looking to relocate or expand their operations. Eric Johnson, CEO of AllianceTexas – a 27,000-acre master-planned development anchored by Fort Worth – noted that being at the crossroads of major highways offers easy access not only within Texas but beyond state borders too.
"Our prime location near DFW International Airport allows us to tap into global markets easily while still maintaining strong connections with regional supply chains," explained Johnson. "This connectivity gives companies who call AllianceTexas home an edge over competitors based elsewhere."
Furthermore, one cannot ignore the diverse set of industries that have found success in Fort Worth. From aerospace giants like Lockheed Martin to tech startups such as Linear Labs Inc., it offers opportunities for companies across varying sectors thanks largely due its commitment towards fostering innovation through public-private partnerships.
Dr. Kent Scribner Superintendent of Schools at Fort Worth Independent School District praised these partnerships: "Working together with industry leaders enables us not only provide students hands-on experiences they need succeed today’s workforce but also shape curriculum better prepare them future careers.”
Another major contributing factor to Fort Worth's attractiveness is the ample room for growth. As companies continue to expand, they require additional space and resources – both of which are readily available in the city. Moreover, affordable housing options coupled with a high quality of life make it an appealing destination for potential employees.
Molly Cain, Executive Director of Innovation at TechFW - a nonprofit organization that supports technology-based startups in Fort Worth - believes this blend of factors will only continue to draw more businesses into the area.
"Fort Worth has all the ingredients needed for success: access to top talent, thriving innovation ecosystem, and strong support from local government," said Cain. "As more companies recognize these benefits and choose to call our city home, we'll see continued growth across multiple industries."
With such promising prospects on the horizon, it comes as no surprise that Fort Worth is quickly emerging as one of Texas' most sought-after destinations for corporate relocation.