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Economy of Dallas

Dallas has a broadly diverse business climate, with technological industries in the lead. Major industries of Dallas include defense, financial services, information technology and data, life sciences, semiconductors, telecommunications, transportation, and processing. According to the Greater Dallas Chamber of Commerce, the Dallas-Fort Worth Metroplex holds about 43 percent of the state's high-tech workers. Further, 13 privately-held companies with at least $1 billion in annual revenues are headquartered in the area. Advance PCS, Dean Foods, ExxonMobil, Kimberly-Clark, Neiman Marcus, Southwest Airlines, and Texas Instruments are among the 19 Fortune 500 companies headquartered in Dallas. Know more about the Economy of Dallas, from our website, Dallasxl.com.

After World War II, Dallas was seeded with a nexus of communications engineering and production talent by companies such as Collins Radio Corp. The telecommunication and information revolutions that ensued still drive a great deal of the local economy. The city is sometimes referred to as Texas's Silicon Valley or the Silicon Prairie because of a high concentration of telecommunications companies.

The epicenter of these companies lies along the Telecom Corridor, which is home to more than 5,700 companies. The corridor is also home to Texas Instruments and regional offices for Alcatel, AT&T, Ericsson, Fujitsu, MCI, Nokia, Rockwell, Sprint, and Verizon, as well as the national offices of Comp USA and Canadian Nortel.

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