Dallas is quickly becoming a top choice for Venture Capitals (VC), according to new data. 

Dallas Business Journal found that in 2020 alone, Dallas was ranked number one in the U.S. for VC, in addition to being one of the fastest-growing metros in the country according to Forbes. The combination of location, demand and financial stability has created a perfect storm for VCs within the metro Dallas area. 

“The pandemic created a perfect recipe for consistently employed Americans. If it had been any other mix of events — for example, if low housing inventory was coupled with job inflexibility — we wouldn’t have had such a large group of home buying consumers feeling empowered to make bold moves in their living situations,” Archana Pradhan, principal economist at CoreLogic said to CultureMap Dallas.

A new report shows that Dallas currently sits as a number two metro for tech job postings in the country, coming in second for tech demands only to New York. It also ranked first for tech job postings added and second for total tech job postings nationally. 

In 2020, Dallas was ranked as one of the most financially stable metros amidst the economic throes of the pandemic and saw over 120,000 new residents that same year, according to CoStar.