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Posted on: July 18, 2019

Small-to-Medium Businesses Continue to Bolster North Texas Economy

Dallas Innovates

BY Lance Murray, Dallas Innovates

When evaluating job growth in Dallas-Fort Worth, JLL Research Manager Walter Bialas doesn’t want the impact of small- and medium-sized businesses to be forgotten.

Small to Medium Businesses

In a recent “Snapshot,” Bialas looked at the growth of smaller Dallas-Fort Worth companies as a way to evaluate the decline in startups in recent years.

The idea that the creation of startups has significantly gone down comes from Dallas entrepreneur, developer, and author Craig Hall in his new book, “Boom, Bridging the Opportunity Gap to Reignite Startups.” Hall said the nationwide decline has been happening since the Great Recession, which is generally regarded as the period from December 2007 to June 2009. Hall asserts that the implications of this are great, because innovations from startups move and change the whole world.

In his assessment, Bialas wrote that it’s interesting because small companies—those employing less than 250, even under 50—have seen strong growth in North Texas during the last few years, which has been a “major contributing factor to the kind of economic expansion we have been seeing.”

“While Texas’ economic growth is a contributing factor, I believe a major part also has to do with the longstanding entrepreneurial spirit that is a hallmark of North Texas,” he wrote.

Read the full article from Dallas Innovates.



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