Looking around at a Dallas skyline dominated by construction cranes, it seems obvious that the metroplex is experiencing a building boom. This was recently confirmed by the U.S. Bureau of Economic Analysis, which ranked Dallas-Fort Worth as one of the top ten fastest growing economies in 2014. While the entire nation grew substantially, with an average gross increase of 2.3 percent, a number of Texas cities experienced even bigger improvements. Dallas-Fort Worth saw over 8 percent growth, with Corpus Christi, Victoria, San Angelo, and Midland also making the list with growth percentages ranging from 6.5 to 24 percent, respectively. Natural resources such as oil, gas, and mining were major driving forces behind those numbers, but the growth of the service sector was also notable. The construction, manufacturing, and transportation industries were alsore integral to this economic vitality, driving much of the development within cities. In light of the growth occurring in every corner of Texas, it is clear that the service industries will not be slowing down anytime soon.
SOURCE: “Texas cities prominent on fastest-growing list” by Sheryl Jean, The Dallas Morning News (09/24/15)