Hancock, who moved into his new role July 1, provided the comptroller’s office study examining the impact of AllianceTexas on the state’s economy. During his speaking event at Perot Field Fort Worth Alliance Airport, he said the gross domestic product in 2024 was $16.3 billion. AllianceTexas is one of 32 official ports of entry in Texas, whether airport, land port or seaport, serving domestic and international economic activities, according to a news release.
According to a Hillwood spokesperson, this was the first visit from the state comptroller since 2016.
Zooming in
AllianceTexas is the primary port of entry for the southwestern United States, bringing shipped global goods directly from the ports of Los Angeles, Long Beach and Houston via intermodal rail containers, according to the comptroller’s office.
Ports of entry within the state of Texas accounted for $1 trillion in international trade in 2024, according to the study, with AllianceTexas accounting for $834.6 million in trade, up 550.7% from 2016, according to a news release.Hancock, a former state senator from North Richland Hills, said that nearly half of the trade volume in the state comes from AllianceTexas. The top export commodities by value from AllianceTexas in 2024 were:
- Machinery and mechanical appliances: $324.8 million
- Electric machinery and equipment: $276.6 million
- Aircraft and spacecraft equipment: $116 million
The breakdown
Mike Berry—president at Hillwood, a commercial and real estate development company—said the company counts more than 590 companies and 66,000 jobs in AllianceTexas. The number for jobs, from the comptroller’s office, is 136,780, Hancock said. He added that is generated by direct and indirect employment around the Alliance area, which includes jobs that could be outside of the Alliance footprint.
“Go back to when I was in high school, you drive through here and it was just ranch after ranch,” Hancock said. “The new development that we’ve seen taking place in this area shows how Texas continues to adapt and grow. We recognize that we have to continue to be a business-friendly state and work together with local cities, counties, development, economic development partners and businesses.”