The Texas Triangle is one of the eleven clusters of urban areas referred to as megaregions in the United States. Sixty percent of the Texas population lives and works within the triangle area. The triangle area includes 3 mega metropolitan areas Dallas–Fort Worth, Austin–San Antonio, and Houston-Galveston. Included in the Texas Triangle is 35 urban counties all set for future growth due to favorable economic conditions. The Texas Triangle contains many of the Texas Fortune 500 Companies that have located their corporate offices in the great State of Texas.
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Texas was once an independent republic so it just makes sense it would be a leader in the US economy. That independent spirit still flows through Texas and its people.
Americas Next Great Metropolis
The I-35 corridor in central Texas that extends from Austin to San Antonio continues to grow at a rapid pace. According to the 2022 US Census data Hays County, Comal County, and Williamson County are the fastest-growing counties in the United States and are located on the I-35 corridor. The I-35 corridor is being projected as America’s next great metropolis.
The portion of the I 35 corridor that extends from the Austin metroplex to the San Antonio metroplex includes Lady Bird Lake, the State Capital Complex, the University of Texas, Apples Austin Campus, Dell Campus, Oracle Campus, University of Texas, and the State Capital Complex. Then south of Austin it extends through, San Marcos, New Braunfels, and on to the San Antonio northwest submarket.
In Texas the I 35 corridor ends at Laredo on the south, continuing north through Austin up to both Fort Worth and Dallas; then on to the Oklahoma border, and all the way to Duluth Minnesota, to the North. The 80-mile stretch of the I-35 corridor from Austin to San Antonio is a pivotal link to the Texas transportation infrastructure. It also connects with I-10 and I-45 as crossroads.
Silicon Hills
Austin has just under 8500 high-tech companies and as such, it has been dubbed Silicon Hills. Silicon Hills Austin continues to attract new tech companies to the Austin area. The Austin tech corridor continues to grow with Samsung’s new $17 billion chip manufacturing facility being in Taylor. Taylor is a part of the greater Austin-Round Rock-San Marcos metropolitan region. The Austin area’s population is projected to be 2,854,501 by 2030.
The manufacturing sector of Austin is highlighted by its recent addition of Tesla’s new 4.5 million -sq.-ft. electric-vehicle assembly plant. Elon Musk has projected 20,000 new direct positions and 100,000 indirect positions, however, recent national economic drops have resulted in Tesla California-based layoffs as a precaution. Whether this will affect Austin’s Tesla facility is not yet known.
San Antonio is just a short 2.5 hours from the US – Mexico border. In 2021 Texas companies exported $122.7 billion in goods to Mexico. Mexico also outputs goods to the US creating the need for warehouses along the I 35 corridor. San Antonio has an industrial inventory totaling 51.8 million square feet, with the majority being warehouse and distribution facilities. The San Antonio area’s population is projected to be 3,108,746 by the year 2030.
Continued economic development along the I-35 corridor is expected to merge Austin and San Antonio into one market. San Marcos and New Braunfels are located on the 80-mile strip of I-35 from Austin to San Antonio. San Marcos and New Braunfels are also among the fastest-growing cities in the nation. The demand for wholesale warehouses, wholesalers, retailers, and retail space as well as third-party logistics providers who facilitate the supply chain management services for future growth of the area is tremendous.
Texas Transportation Infrastructure
The Texas Triangle is connected by its impressive transportation infrastructure. Houston Texas is a key player in that infrastructure with its Port of Houston which is the second largest port in tonnage in the United States. George Bush Houston International Airport along with William P. Hobby Airport are other key players. Ellington Airport/Houston Spaceport is located within 15 minutes of downtown Houston. The joint-use facility supports NASA, operations of the U.S. military, and a variety of general aviation tenants. The Houston area’s population growth in 2030 is projected to be 8,866,309.
Texas Instruments, another Texas Fortune 500 company is headquartered in Dallas, TX. Texas Instruments broke ground in May 2022 in an expansion of the first of 4 semi-conductor chip facilities in Sherman Texas, Sherman is a small town about an hour north of Dallas. A press release dated May 18, 2022 states in part, “Production from the first Sherman fab is expected in 2025. The fabs will complement TI’s existing 300-mm fabs, which include DMOS6 (Dallas), RFAB1, and the soon-to-be-completed RFAB2 (both in Richardson, Texas), which is expected to start production later this year.”
Dallas and the DFW area continue to show positive economic gains for 2022. Dallas continues to be a leader in health care, technology, defense, and financial services. With top companies such as AT&T, Kimberly-Clark, and Southwest Airlines each having over 10,000 jobs each Dallas is a hot spot for big business. In 2030 the DFW areas population growth is projected to be 9,132,542
More Texas Triangle
The Texas Triangle consists of four major Texas cities. Houston, San Antonio, Austin, and Dallas along with their respective metro areas. These emerging industrial markets in the 4 key cities of the triangle are set to bring growth. The US Census Bureau states that “…it is clear that Texas is likely to continue to be a national center for demographic growth with growing markets and growing infrastructure challenges,”. The four major metro areas of the Texas Triangle combined are projected to grow by an increase of 3.5 million between now and 2030.
A diamond in the rough, the Brazos Valley is a diamond-shaped area also located within the Texas Triangle. Former San Antonio Mayor Cisneros said the Brazos Valley is blessed to sit in the middle of the Texas Triangle. The Brazos Valley includes 7 counties located within the Texas Triangle. Those counties are Brazos, Burleson, Grimes, Leon, Madison, Robertson, and Washington. It also includes the Bryan–College Station metropolitan area, which is home to Texas A&M University. Texas A&M is a top-tier research and learning institution with leading programs in agriculture, engineering, life sciences, chemistry, architecture, and more.
Texas Triangle cities lead the way and fuel Texas economic growth making it a strong leader in the American economy. Texas is likely to continue to be a national center for demographic growth, with growing markets, and growing infrastructure challenges. Texas economy is one of the strongest in the nation and a world leader.
Texas has the 9th largest economy according to Gross Domestic Product (GDP), in the world, per a press release by the Texas Economic Development Corporation, based on the Bureau of Economic Analysis (BEA). Texas has also been the number-one state in exports for 20 consecutive years. The total Texas population is projected to double by the year 2050.
In Conclusion, The Texas Triangle
More than 80 percent of Texas’s population growth has been within the triangle since 1960 and it does not show signs of slowing down anytime soon. The Texas Triangle is a model of economic growth and an emerging power in the global economy.
Read more about the Brazos Valley here.
See 54 Fortune 500 Companies in Texas here.
Texas is also synonymous with BBQ. We love this cookbook, check it out! Get yours here: Texas BBQ: Platefuls of Legendary Lone Star Flavor
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The Texas Triangle is a model of economic growth and an emerging power in the global economy. The Texas Triangle is an area of Texas designated by four key Texas metropolises. These metropolises connected by a straight line in the shape of a triangle designate the Texas Triangle area. The triangle is formed by the north point, being Dallas – Fort Worth metroplex to the southeast point, being Houston Metroplex, and to the southwest (third) point, being the San Antonio Metroplex then back to Dallas -Fort Worth forming a triangle (see visual). Contained inside the triangle is the fourth metropolis, Austin Texas. Also contained within the Texas Triangle, are the I 35 corridors extending from Dallas – Fort Worth to Austin, and from Austin to San Antonio. This triangle represents some of the most densely populated urban areas in the state as well as containing some of the largest economic resources in the Lone Star State.
The I-35 corridor in Texas is being called America’s next great metropolis due to its rapid growth, emerging industrial market, and speculative development. The I-35 corridor is a state, national, and international key transportation corridor for passengers and goods. It is one of Texas’ most critical transportation infrastructure links. It is also a possible future location for an ultra-high-speed ground transportation system for passengers and cargo.
[SOURCES]
Texas Demographics
**Please note Although the Census Bureau considers the 2020 Census data fit for use based on population benchmarks and coverage measurement estimates, data users may still find results they did not expect in certain areas, particularly small geographies.
**Disclaimer Source Census.gov
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