Image result for irving tx

Irving-Las Colinas, TX

Work it, Dallas: Forbes magazine has named the metropolitan area the No. 1  city for jobs.

It is not D-FW of which Forbes speaks, however, but DPI (Dallas, Plano and Irving), ranking the area ahead of metro areas in San Francisco, Nashville, Charlotte and Orlando in its 2017 Best Cities For Jobs listing.

“Unlike the tech-driven Bay Area, Dallas’ economy has multiple points of strength, including aerospace and defense, insurance, financial services, life sciences, data processing and transportation,” the magazine said in its report.

Forbes‘ ranking placed Dallas higher than other similar 2017 “best cities for jobs” listings. ranked Dallas No. 5 for jobs, just behind Austin at No. 4 (as well as Phoenix, Denver and Salt Lake City), while job site put Dallas at No. 24, behind Austin (4), Houston (9) and San Antonio (16).

Forbes cited researchers from Houston’s Center for Opportunity Urbanism who wrote in a 2016 essay that Dallas’ success lies in its appeal to middle-class workers, and their employers, rather than the elite “creative class.”

“Dallas attracts both foreign and domestic migrants, particularly from places like California, where housing is, on an income-adjusted basis, often three times as expensive,” the researchers said. “This has had much to do with the relocation to the area of such companies as Jacobs Engineering, Toyota, Liberty Mutual and State Farm.”

Metro-area employment has grown more than 20 percent in the last five years, Forbes noted, with professional and business services and “lower-paid sectors” such as retail, wholesale trade and hospitality leading the way.

This latest Forbes ranking focuses on large metropolitan areas, with its rankings of medium-sized and smaller-sized cities still to come.

The magazine said a “new economic era” may be dawning in which housing and living expenses are the key factors in regional growth.

“This trend has been developing for years, but both demographics, notably the aging of millennials, and out-of-control costs could accelerate it,” Forbes wrote. Rather than strive to be “the next Silicon Valley,” it continued, “it might make more sense instead to look the success of places like Dallas — where lower costs are luring companies and talent at a level unrivaled in the nation.”

Presented by Dallas News

Print Friendly