In Pictures: World Capitals Of The Future
October 8th 2009 20:55
Houston and Dallas, Texas
These energy-rich cities have actually added jobs, spurring a rapid population growth. Last year, Houston and Dallas grew more than any metropolitan regions in the country, and over the past decade their populations have increased at six times the rate of New York, Los Angeles, Chicago or San Francisco. But it's not all a demographic game. The key difference lies with the Texan cities' rising corporate power. Houston, with 27 Fortune 500 firms, has passed Chicago in the number of Fortune 500 companies, while Dallas, with 14, ranks third. Together, the two Texan cities account for about as many Fortune firms as New York, once home to almost a third of the nation's largest companies.
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