Call it the I-35 firewall, because it’s the best defense against a big downturn in the Texas economy.
Three major metros along the interstate corridor — Dallas, Austin and San Antonio — keep adding jobs even as oil prices plunge. And their gains may be enough to offset the energy shock.
At least they were last year, and that’s likely to continue, said Rob Kaplan, the new president of the Federal Reserve Bank of Dallas.
Read more...Energy saver: Dallas, San Antonio and Austin keep Texas growing | Dallas Morning News
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