The Chamber Report

Friday, August 4, 2006 August 2006  
Greater Dallas Chamber Calendar of Events Economic Indicators Member Directory

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CONTENTS
Metroplex now ranks as fourth largest U.S. metropolitan area
Governor Perry to deliver the State of the State Address
Momentum Awards to honor companies that are on the grow
Women's Business Conference to feature 'Madame President' Geena Davis
DISD's Dr. Hinojosa to headline State of the District Luncheon
Cutting-edge Converging Technologies in Dallas/Fort Worth
American Airlines seeking non-stop service from DFW to Beijing
BusinessPlace 2006 means business for hundreds of exhibitors, attendees
Dewhurst to address Chamber regarding the 80th State Legislature
Nominations due Aug. 31 for 2007 Chamber board of directors
Ford Foundation honors Chamber's Jenkens with development fellowship
Young Professionals Youth Field Day draws over 130 South Dallas kids
Bid opportunities--another major perk for Chamber members
Sloan Awards honor 7 DFW firms for flexibility in the workplace
Chamber, Scholastic provide books for Mayor's Back to School Fair
Resource Campaign raises $300,000 to fund Chamber's many programs
Kimberly-Clark to be honored for global business achievement
Sell in the international marketplace; learn more at Importers Roundtable
Snapshot Spotlight
From the Boardroom
Leading By Example
Metroplex now ranks as fourth largest U.S. metropolitan area

Data from the U.S. Census Bureau indicate that Dallas/Fort Worth became the fourth largest metropolitan area in the United States, trailing only New York, Los Angeles, and Chicago, one year ago. 

The region's new position will not be official until next spring, when the Bureau releases its July 2006 population estimates.   However, as of  July 1, 2005, DFW was a mere 4,000 residents shy of fourth position and growing at a rate destined to have surpassed Philadelphia by about July 15, 2005.

The Census Bureau reports that 5.819 million residents lived in the DFW metro area compared to 5.823 million in greater Philadelphia on July 1, 2005.  DFW, however, gains some 365 net new residents every day since the year 2000 decennial census according to the Bureau, compared to Philadelphia's daily increases of 72.  At this pace, DFW overtook Philadelphia in mid July last year and now is well ahead of Philadelphia in population.  
 

U.S Metropolitan Areas

2006

MSA Name

Jul-2006 Est.

U.S. Census Bureau Population Estimates

Rank

Jul-05

Jul-00

CAGR*

1

New York

      18,825,933

      18,747,320

      18,359,151

0.42%

2

Los Angeles

      13,030,242

      12,923,547

      12,403,036

0.83%

3

Chicago

        9,509,448

        9,443,356

        9,119,722

0.70%

4

Dallas/Fort Worth

        5,952,784

5,819,475

5,196,397

2.29%

5

Philadelphia

        5,849,511

5,823,233

5,693,604

0.45%

* Compound Annual Growth Rate, 2000-2005

   Source:  U.S. Census Bureau County Population Estimates, July 1, 2005

 

 
DFW should report a population count of approximately 5.95 million in the 2006 estimates, based upon the Bureau's five-year growth rates for the top metros, This will show the region with a substantial lead of approximately 100,000 residents over Philadelphia's 2006 count of 5.85 million. 
 
"We expect companies around the world to see Dallas/Fort Worth with new eyes.  Can you imagine a major corporation without a presence in the fourth largest market in the United States, especially one that remains among the fastest-growing?" says Dr. Lyssa Jenkens, chief economist at the Greater Dallas Chamber.
 
Miami, Houston, Washington D.C., Atlanta and Detroit round out the remaining top ten U.S. metros.  Only Houston has any likelihood of improving its ranking by the end of this decade, when it could overtake Miami to become the sixth largest U.S. metropolitan area.  
 
To see news clips:
FOX 4

KRLD

NBC 5

Dallas Business Journal


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