Dallas Thriving

Gee, will Milwaukee emulate this kind of success or continue to follow Detroit’s path?

With low taxes and lots of professionals, Dallas has its own gravitational talent pull and tax revenue wellspring.

“It’s the capital of corporate headquarters second to New York,” says Ed Friedman, an economist at Moody’s. “Texas in general is really strong. It’s the only state that has no trace of an economic slowdown versus anywhere else in the United States.”

Friedman says Dallas’ growth is unique because it doesn’t have a natural feature, like a coast, to explain its growth over the last few decades. Big companies have been relocating there steadily, which has lead to an “agglomeration effect,” where other firms want to be move to be near large businesses.

Nevermind… I know the answer.