DALLAS-Diversification, say those in the know, will be Texas' talisman for any harsh economic backlash from corporate cuts. It also doesn't hurt that the state's favorite son now resides at 1600 Pennsylvania Ave.
The story's the same in Dallas-Ft. Worth, Houston, Austin and even San Antonio. The number of new jobs coming on line is less than in years past, but who can criticize numbers upward of 50,000 for most of the state's metropolises for 2001. Multifamily developers can barely keep pace with the influx of workers coming to fill the jobs.
In Austin, it's the semiconductor business and quasi-California lifestyle sans the high cost of living that lures high-tech companies to the fold. In Houston, it's energy. Any trip to the gas pump or look at the latest utility bill should tell you how this town's faring these days. Dallas-Ft. Worth has the creme de la creme of established international businesses with budgets that aren't necessarily reliant upon the US for their wealth.
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