Fort Worth, Texas is home to some of the most iconic businesses in the United States. From its Western roots to its modern-day financial hub, the city has seen a steady growth in both industry and influence. As with any large city, its economy is also largely driven by its major industry.

Oil and Gas Industry

Fort Worth’s economy was initially built around the oil and gas industries. It was the first city in Texas to successfully drill for oil and the industry quickly became a major force in the city. By the 1950s, Fort Worth had become the oil and gas capital of the U.S., and the industry was responsible for much of the city’s growth.

Aerospace Industry

In the 1960s, Fort Worth was also home to a booming aerospace industry. The city was a major player in the development of the space race and saw massive growth in air force contracts and defense production over the next few decades. By the 1980s, the aerospace industry was responsible for much of the city’s economic growth and directly employed thousands of Fort Worth residents.

Manufacturing and Logistics

Over the past few decades, Fort Worth’s economy has also seen strong growth in manufacturing and logistics. As with many other major cities in the U.S., the city has seen an influx of companies looking to take advantage of the area’s low cost of living and access to skilled labor. The manufacturing and logistics industry has been a major driver of economic growth in Fort Worth and has helped the city become a leader in the global economy.

Finance and Professional Services

In recent years, the city has also seen strong growth in the financial and professional services sectors. Thanks to its proximity to Dallas, Fort Worth has become a major hub for financial services. Financial advisors, investment banks, and other financial institutions have all flocked to the city in recent years. The professional services sector has also seen major growth in the city, with many law firms, accounting firms, and consulting firms setting up shop in Fort Worth.

Conclusion

Overall, Fort Worth’s economy is largely driven by its major industries. Oil and gas, aerospace, manufacturing, logistics, finance, and professional services are all major players in the city’s economy. As the city continues to grow and innovate, it’s likely that these industries will continue to play a major role in the city’s success.