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Texas Diversification Key to Economic Stability in Unsteady Times

DALLAS-Texas has all the right genes for weathering a nationwide recession, say regional executives. Job growth is slowing somewhat statewide, but it's still far ahead of the rest of the Union. The state's diversification is the key to continued growth.

By Connie Gore | Updated on March 05, 2001

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.

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