Bureau of Labor Statistics’ Quarterly Workforce Indicators (QWI) to quantify the impact of new firms to Tarrant County’s economy. The report is available at.
Sparkyard is a free collaborative platform that helps new and existing Fort Worth companies accelerate their growth. The innovative web platform, powered by SourceLink®, connects entrepreneurs to the network of resources in the DFW area that help companies launch and grow. Sparkyard also analyzes entrepreneurial ecosystem metrics to gauge Fort Worth’s performance, identifies resource gaps and advocates for entrepreneurs. “We hope that information like this will help lead to better decisions about incentives and economic development decision making.” “It is our hope that this research shows our local policymakers and business leaders the importance of local startup activity to our economy,” Dr. McClain said.
The jobs created paid almost $37,000 a year in wages. “Though this seems like a very large number, it shouldn’t surprise us that new companies create this many jobs each year.” Robert McClain, Associate Vice President of HSC’s Division of Research and Innovation. “We know that at a national level almost all net new job creation comes from young firms,” said Dr. Sparkyard is a program operated by HSC, with support from the City of Fort Worth Office of Economic Development and TCU Neeley School of Business. These new firms, which are less than a year old, helped Tarrant County keep pace in job creation when compared to neighboring counties and other large counties in Texas, according to the report titled: Sparkyard Fall 2021 Jobs Report. Startup businesses created an estimated 30,000 jobs in Tarrant County in 2019, according to a Fall 2021 Jobs Report commissioned by the University of North Texas Health Science Center (HSC).
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