Page 583 - FortWorthFY23AdoptedBudget
P. 583
City Profile
overall by US News and World Report 2022-2023 Hospital Rankings; to the specialized care offered by Cook
Children’s, with top rankings for children’s cancer treatment, cardiology, neurology, and orthopedics.
Fort Worth’s Medical District houses the region’s single largest concentration of medical jobs. Throughout Tarrant
County, there are approximately 46 conveniently located hospitals with 6,245 beds, including one children’s hospital
licensed for 457 beds and four public hospitals.
Source: Texas Department of State Health Services, Texas Hospital List, 2021.
(https://txcip.org/tac/census/hospitals.php?FIPS=48439)
MILITARY
Fort Worth is the home of the Naval Air Station (NAS) Fort Worth, Joint Reserve Base, a navy reserve base since
October 1994. Fort Worth has a proud history of supporting military facilities, missions, and families back to the
establishment of the early fort that gave the city its name and Camp Bowie during World War I. Today, NASFW
JRB operates approximately 40 separate commands with over 5,000 active duty military, Guardsmen, Reservists,
and civilian employees. The Texas Comptroller estimates that the NAS contributes $2.6 Billion to the Texas
economy through over 15,164 direct and indirect jobs. Service, retail, and 44construction businesses around the
base continue to grow to serve the region. Within the base, the PX Mart continues to operate the Base Exchange
store and the grocery store for the benefit of active duty military and retired military in the Metroplex.
The Naval Air Station Fort Worth, Joint Reserve Base has the capacity for additional units. Soon, multiple additional
missions are expected to move to the base from other stations which will increase its economic influence. Housing
units will be needed for the growth in direct and indirect employment. Multiple infrastructure projects, including
recently improved access onto the base and the planned redevelopment of major roads, further the investment
in the area. As a major cultural, social, and economic core in the region, the City of Fort Worth and surrounding
cities continue to fully support the health of the base and the strength of its missions.
THE ECONOMY
Despite impacts of COVID-19, Fort Worth has fared well and continues to sustain a multi-year trend of broad-
based growth across sectors. Much of this business growth has been fueled by Fort Worth’s reputation of being
one of the fastest growing cities in the U.S. and one of the top places in the nation to live, work, and play. With
a growing workforce, the expansion of top educational facilities, low cost of doing business, high quality of life,
and prime location and climate, the City is an attractive choice for companies looking to expand in or move their
operations.
Major employers in Fort Worth include AMR/American Airlines, Lockheed Martin, JPS Health Network, Cook
Children’s Healthcare System, Tarrant County, NAS Fort Worth Joint Reserve Base, Fort Worth Independent School
District, Texas Health Harris Methodist Fort Worth Hospital, Alcon Laboratories, City of Fort Worth, Bell Helicopter,
Genco ATC, and BNSF.
Manufacturing and distribution remain an important part of the Fort Worth economy. The list of companies in
distribution and manufacturing operations include Acme Brick, Alcon Labs, Allied Electronics, ATC Logistics &
Electronics, Haggar Clothing, Federal Express, J.C. Penney’s, Mother Parker’s Tea and Coffee, Coca-Cola
Enterprises, Ben E. Keith Co., Miller Coors LLC, Williamson-Dickie, Pratt Industries USA, Inc., NGC Renewables, LLC,
Carolina Beverage Group, LLC, GE Manufacturing Solutions, and Danone North America.
The City’s industry clusters remain diverse with trade, transportation, and utilities making up the largest
percentage of the Fort Worth-Arlington Metropolitan Division (MD) industry composition at 38%. Since 2016,
Page 583 of 623