Numbers and metrics can be helpful on their own, but it is typically more helpful to put them in context. We ranked Fort Worth against other peer cities to see how we are doing compared to other large cities in Texas.
One place to start is to look at how many companies are started in each of these large cities. In Texas, each new company must register with the Secretary of State’s office, making this data easy to access and compare, particularly within the state of Texas. These numbers include all new business registrations regardless of industry type or legal status (type of incorporation).
Fort Worth has almost half of the new business registrations as the next closest city (San Antonio) and 8 times fewer than Austin.
But where does Fort Worth rank outside of Texas? How do some of these funding metrics stack up against other large US cities?
When ranked against the top 50 US cities by population, Fort Worth ranks 40th when it comes to early-stage capital raised. This puts Fort Worth closer to Albuquerque, New Mexico and Bakersfield, California, than it does to other larger Texas cities. We discuss this in more depth on our blog.
If we break out some of the specific funding categories, here is how Fort Worth ranks against the top 50 US cities.
Another important metric is to look at the number of Fort Worth-based companies that make the Inc. Magazine list of the 5,000 fastest growing companies in the United States. These companies are scaling rapidly, tend to be innovation-led and create many jobs.
So how does Fort Worth compare to other large Texas cities on the Inc. 5000 annual list?
For more analysis be sure to view our Ecosystem Insights page.