2018 Boomtown?

Dallas expected to be one of country’s economic powerhouses in 2018

Dallas expected to be one of country’s economic powerhouses in 2018

Dallas skyline
Dallas ranks fourth among 10 U.S. cities that are projected to soar the most this year. Photo by Sean Pavone/iStock

If a new ranking from Business Insider is any indication, 2018 looks like it’ll be a banner year for Dallas.

Dallas ranks fourth among 10 U.S. cities that are projected to soar the most this year in terms of financial stability, based on population growth, employment, and business opportunities, the news website says.

“There are many Texas cities that could also make the list of financially stable cities, including Austin and San Antonio,” Business Insider acknowledges.

But the Dallas-Plano-Irving pocket of the Metroplex is the only Texas locale appearing on the Business Insider list, thanks to its significant employment gains and overall strong economy. The website cites the Dallas-Plano-Irving area’s addition of 50,000 high-skill tech jobs from 2011 to 2016, as well as the area’s robust housing market.

Of course, Dallas could get an even bigger economic lift if Amazon picks the city its second headquarters. Dallas and Austin are the two finalists from Texas. A decision on the so-called HQ2 project is expected later this year.

Earlier this month, Hilda Galvan, 2017 chair of the Dallas Regional Chamber, said North Texas economic trends since 2010 — population growth of roughly 1 million, the addition of nearly 700,000 jobs, and the relocations of 75 corporate headquarters — indicate workers and businesses will continue to thrive in the Dallas area, with or without HQ2.

Here’s the full Business Insider list:

  1. Provo, Utah
  2. Raleigh, North Carolina
  3. Fort Collins, Colorado
  4. Dallas
  5. San Francisco
  6. Bradenton-Sarasota, Florida
  7. Nashville
  8. Charlotte, North Carolina
  9. Atlanta
  10. Seattle