The city of Fort Worth lagged behind Texas metropolitan areas such as Austin, Houston, San Antonio, and its sister city Dallas. Today, Fort Worth is in control. That’s partly because it’s grown faster than any other Texas city over the past 12 years.
The 13th largest city in the United States and the fifth largest city in the state, Fort Worth continues exponential growth as community development, entrepreneurship and innovation blossom in all areas.
In 2017, Fort Worth launched its first Economic Development Strategic Plan when it was just the 15th largest city in the nation. The original plan’s goals were to establish Fort Worth as a competitive edge, a hub for creative businesses, and a vibrant community. Fast forward five years and the city has done just that. In current plans, aerospace and defense, energy, anchors and innovators, mobility and culture remain top priorities as the city pioneers a forward-looking business environment.
“Fort Worth is home to many innovative companies, and we value an environment that allows us to explore and partner with different industries to advance our business operations,” said Robert Sturns, director of economic development for the City of Fort Worth. says Mr. “Fort Worth tends to be a very relationship-driven city, and that’s shown through the level of collaboration we see in our business and his community.”
entrepreneurship
Brad Hunstable is CEO of Linear Labs. Linear Labs is a sustainable electrification system manufacturer, where he has been a key player in Fort Worth’s energy sector for over a decade. The start-up knows that the city has a wealth of benefits that will help forward-thinking manufacturers thrive. The region’s central location and infrastructure, talent base, and vendors are critical to the success and expansion of his business. In 2020, the company partnered with the city to help him participate in a $68.9 million tax incentive program to receive property tax credits and sell to businesses that benefit from the credits. “This is a great example of how the City of Fort Worth is proactive and innovative,” he says Hunstable. He said the city’s willingness to work with big name companies and start-ups has established a thriving business he ecosystem that the city of Fort Worth seeks to promote.
“One of the great things about Fort Worth’s target industries is the synergies and how many of them work together. to support each other. ”
— Robert Sturns, Fort Worth City Economic Development Director
TechFW, a startup incubator, works to help companies like Revitalize Charging Solutions establish themselves as makers in the energy industry. As mobility moves toward EVs, the city is working with his Revitalize Charging Solutions to provide a charging infrastructure that meets the requirements of these vehicles. As one of the few African American-led companies in the sector, the company benefited from support from economic development officials. “Whenever we develop a new product, it can be difficult to get people to support us. They gave us the opportunity,” says Edward Morgan, CEO of Revitalize Charging Solutions. “From the parking sector to economic development, Fort Worth has some really great people. I believe Fort Worth has a great opportunity to become a leader in this space.”
healthcare innovation
When it comes to innovation, the Health Science Center (HSC) at the University of North Texas at Fort Worth is at the forefront of testing new technologies and building partnerships that enhance the future of healthcare.
HSC will open a new regional simulation center in July 2022 to integrate virtual reality technology. This is the first of its kind in Texas and allows students and healthcare workers in the community to practice their skills in a low-risk environment. “They can practice in her SIM lab where it’s safe to make mistakes. It’s not our clinical environment, but it feels like it,” she says of her Karen Meadows, director of the HSC Simulation Center. says Mr. New 16,000 square feet. The space allows for greater capacity, with more room to practice skills in one-on-one or collaborative environments. These capabilities enable labs to influence the future of healthcare and training, not just medicine. “I think there’s a lot of synergy between testing what you want to bring to market in a healthcare environment and having a place to do it in a safe place that doesn’t harm patients. , is a great opportunity to attract people to the center, the region and the research potential,” says Meadows.
Beyond co-working spaces, HSC and the city funded Techstars, a global investment business, to launch the Techstars Physical Health Fort Worth Accelerator, led by Managing Director Trey Bowles. “It’s amazing that, beyond just the financial commitments, the city, county and health science center are setting strategic priorities to ensure that people see the innovation happening here. ‘, says Bowles. “They want Fort Worth to continue to grow as a leading hub of innovation and entrepreneurship around the world.” Invest in and mentor 10 early-stage entrepreneurs.
Fort Worth reimagined
With significant growth on the horizon, city economic developers have identified an opportunity to develop a sustainable urban downtown. Located north of downtown Fort Worth, Panther Island is home to 10,000 homes and 3 million square feet of commercial, retail, and commercial space along the Trinity River for residents to flock to and live in a once-abandoned industrial area. We have entered Phase 1 of creating an educational space.
To meet the growing demand for hotels and in-person collaboration spaces, the current Fort Worth Convention Center will be transformed into a more than 1,000-room convention center hotel with expanded ballroom space. Commerce Street will also introduce Deco969, his 27-story high-rise housing 302 apartments and 8,000 square feet of retail space.
Fort Worth is one of the fastest growing cities in the United States, growing to over 22,000 residents by 2021. Rest assured they have made room for you too.
Fort Worth Mayor Mattie Parker said: “Panther Island will be set on a footprint nearly double that of downtown, with Texas A&M University planning a world-class center for research and innovation, a major expansion into a convention center under With residential development, downtown is changing before our eyes.”
This Investment Profile was produced under the auspices of the City of Fort Worth. For more information, see: itbeginsinfortworth.com.
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