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The Economic Impacts of the Dallas-Ft. Worth Creative Economy

Author: 
University of North Texas Economics Research Group
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Executive Summary

The Dallas Ft. Worth region’s creative economy is an important component of the region’s overall economy. It is the leading creative economy in the state of Texas and also among the largest nationwide. The Dallas‐Ft. Worth creative economy offers substantial economic impacts and also outperformed the growth rate of the nation’s creative economy in the post‐recessionary period of 2010 to 2015. Beyond economic impacts, the region’s creative economy has driven the development of cultural districts and may be a contributing factor helping to retain and attract an educated, highly skilled workforce and creating a “buzz” that plays a role in the decision‐making process of firms looking to relocate to the region.

Highlights

  • The Dallas‐Ft. Worth creative industries contribute $34 billion to the broader regional economy annually.
  • The Dallas‐Ft. Worth creative economy supports more than 205,000 jobs in the region annually paying over $11.5 billion in salaries and wages.
  • The Dallas‐Ft. Worth creative economy is the largest in the state of Texas and among the largest nationwide.
  • The Dallas‐Ft. Worth creative economy generates $2.7 billion annually in Federal taxes and $1.2 billion annually in State and local taxes.
  • The creative industries are a significant driver of innovation and entrepreneurship.
  • Employment in the creative industries of Dallas‐Ft. Worth is growing faster than the national average.   

Link to the full report