Startups are vital to our economy. New and young firms are the primary source of job creation in the U.S. economy in both urban and rural communities, according to the Ewing Marion Kauffman Foundation. Now, more than ever, it is critical to recognize the importance of startup firms to the creation of jobs, and support those firms so that they can lead the community back to recovery as job-producing engines.
Startups play a significant role in job creation in Fort Worth and Tarrant County, with firms 0-1 years old accounting for almost 10% of the new jobs created in the county in 2018. In total, new firms in Tarrant County created 25,157 jobs in 2018.
Sparkyard, in its role of cultivating a connected and vibrant entrepreneurial ecosystem in the Fort Worth area, has taken a special interest in collecting metrics that will measure the area’s progress on building a stronger entrepreneurial ecosystem.
This report quantifies the impact of new and young firms to the Tarrant County economy.