Consular Corps Summit: Economic Overview of DallasFort Worth

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Consular Corps SummitEconomic Overview of
Dallas-Fort Worth

• Bernard L. Weinstein, Ph.D.
• University of North Texas
• Center for Economic Development and Research
• http//www.unt.edu/cedr
• October 11, 2006

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Metro Growth 1990 to 2004 (in thousands)
1990 Population was calculated using counties in
the 2004 defined CSAs Source U.S. Census
Bureau
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1990-2000 Total Population Change
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Population Growth Northern vs. Southern
Suburbs1970 2005
Source North Central Texas Council of
Governments
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Population Growth and Forecast DFW, Collin
County, Denton County, and Frisco
Source North Central Texas Council of
Governments, U.S. Bureau of Census
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Hispanic Population Growth by County 1990 2000
Source U.S. Census Bureau
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Population Growth by Selected Texas Counties 1990
2000
Source U.S. Census Bureau
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Employment Growth 1990-2004(in thousands)
Source U.S. Bureau of Labor Statistics
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Job Growth by County 2002 to 2005
Source U.S. Bureau of Labor Statistics
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Job Growth by County 2002 to 2005 DFW MSA
Source U.S. Bureau of Labor Statistics
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Employment Growth Dallas/ Fort Worth
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Unemployment Rate, U. S., Texas, D/FW
U. S. Texas Seasonally Adjusted
D/FW not Seasonally Adjusted
U. S. Sept 2006 4.6 Texas Aug 2006 5.1 D/FW
Aug 2006 4.9
2003 2004 2005
2006
Source Texas Workforce Commission
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Employment by Major Industry Sector Dallas/Fort
Worth
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Targeted Industries and Facility Types

• Target Industries
• Medical Device and Biopharmaceutical Firms
• Global Financial Service Firms
• Computer and Semiconductor Manufacturing and
  Suppliers
• Industry Targeted for Retention
• Data and Computer Management
• Targeted Facility Types
• Logistics Centers, Headquarters, Data/Call Centers

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Targeted Facility Headquarters
Source Cities and Headquarters, Federal Reserve
Bank of Chicago, 2004
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Locational Advantages

• Favorable Climate
• Central Location
• DFW Airport
• NAFTA Transportation Corridor
• Cost of Living
• Taxes

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Cost of Doing Business
Source Moody's Cost of Doing Business Index,
2005
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Population Projections for Texas 2000-2040 (at
1.0 Migration)
Source Texas State Data Center
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Population Projections for Dallas MSA 2000-2040
(at 1.0 Migration)
Source Texas State Data Center
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Population Projections for Fort Worth-Arlington
MSA 2000-2040 (at 1.0 Migration)
Source Texas State Data Center
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1999 Aerial Photo
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2005 Aerial Photo