October 15, 2025

Fort Worth’s Booming Economy: A New Era of Growth

News Summary

Fort Worth is experiencing a remarkable transformation in its economy, moving from traditional industries to finance and manufacturing. The Alliance area is now home to around 574 companies, offering 58 million square feet of space and creating approximately 66,000 direct jobs, with the potential for even more. With a GDP of $16.3 billion, this economic hub is set for future success, showcasing modern innovations like the Mobility Innovation Zone and attracting global manufacturers such as Wistron. Fort Worth is indeed a city to watch as it paves the way towards a vibrant economic future.

Texas is witnessing a significant economic transformation, particularly in the northern Fort Worth area known as the Alliance Business Corridor. Acting Texas Comptroller Kelly Hancock visited the region on Monday to showcase the substantial economic impact of this development, highlighting its pivotal role in changing Texas’s economic landscape away from its traditional reliance on oil, gas, and agriculture towards a more diverse economy focused on finance and manufacturing.

The Alliance area is currently home to over 574 companies and boasts an impressive 58 million square feet of office, retail, and industrial space. Hancock emphasized that this region is especially appealing for manufacturers, offering a strategic location that fosters growth and innovation.

According to estimates from Hillwood, the developer behind the Alliance project, the area has generated approximately 66,000 direct jobs. When accounting for indirect jobs as well, Hancock’s office research suggests that the employment figures rise to around 136,780 jobs. This job creation is a testament to the area’s status as a major economic hub.

The gross domestic product (GDP) of the Alliance area reached $16.3 billion last year, signifying its role as a key contributor to the state’s overall economic health. Additionally, the 27,000-acre mixed-use development includes Perot Field Fort Worth Alliance Airport, which is actively engaged in cargo and aerospace activities, reflecting its significance in supporting industrial operations.

One notable feature of the Alliance area is the Mobility Innovation Zone, which allows companies to conduct pilot projects related to drones and autonomous vehicles. This initiative positions Texas at the forefront of future transport innovations and technological advancements.

In a recent development, Alliance was selected to host two manufacturing plants from Wistron, a Taiwan-based supplier to Nvidia, expected to begin operations in August 2025. This decision underscores the increasing global demand for manufacturing facilities and highlights Texas’s appeal as a prime location for international business expansion.

Hancock’s visit to Alliance is part of a broader initiative to promote the economic significance of the state’s 32 official ports of entry. This approach reflects a commitment to not only highlight existing growth but also to strategize for future economic development throughout Texas.

Furthermore, Hancock shared a personal insight about his memories of farming in the Alliance area, illustrating the remarkable transformation it has undergone over the years. The region, once predominantly agricultural, is now thrust into a future characterized by industrial and technological growth.

Overall, the developments in Fort Worth’s Alliance Business Corridor suggest a robust focus on future economic strategies while ensuring the sustainment of current growth. The ongoing investments and the establishment of significant manufacturing operations demonstrate a strong commitment to economic diversification and resilience in Texas.

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Author: STAFF HERE GEORGETOWN

The GEORGETOWN STAFF WRITER represents the experienced team at HEREgeorgetown.com, your go-to source for actionable local news and information in Georgetown, Williamson County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Red Poppy Festival, Georgetown Swirl, and Christmas Stroll. Our coverage extends to key organizations like the Georgetown Chamber of Commerce and the Downtown Georgetown Association, plus leading businesses in manufacturing and tourism that power the local economy such as local wineries and historic downtown shops. As part of the broader HERE network, including HEREaustin.com, HEREcollegestation.com, HEREdallas.com, HEREhouston.com, HEREgeorgetown.com, and HEREsanantonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.