Fort Worth ranked second in economic development deals across North Texas last year, beating Dallas by a hefty margin.

The Dallas Business Journal ranked the top North Texas economic development agencies based on the value of developments and deals in 2021.

The city of Fort Worth saw $569 million in economic development last year — and would have ranked No. 1 if it hadn’t been for a $30 billion Texas Instruments campus in Sherman, which was the biggest industrial deal in state history.

Fort Worth’s deals beat Dallas by nearly $150 million. Dallas ranks fourth on the list with $423 million in economic development, behind the city of Mequite’s $451 million.

The value of Fort Worth’s deals can be attributed to the city’s booming hospitality industry, multiple corporate relocations and expansion across the city. The Crescent Fort Worth hotel and mixed-used development coming soon to the Cultural District is one of many major deals signaling investment in Fort Worth.

“We’re very proud that Fort Worth scored so highly on the Dallas Business Journal list, although we’re not entirely surprised,” Fort Worth’s director of economic development, Robert Sturns, said in a release. “Between our city’s tremendous growth, several of our recent deals, and other major initiatives in the pipeline – including some that will re-imagine large parts of our downtown – there’s clearly a lot of opportunity in Fort Worth, and we’re starting to get on the radars of the companies and businesses who want to be part of it.”

In addition to the development of the Crescent Hotel, Fort Worth’s top qualifying projects for 2021 include MP Materials, RSI SmartCap, Hoque Global Properties, Smart Action and Oatly Inc.

The Sherman Economic Development Corp. ranks first in the DBJ’s list after Texas Instruments chose the city for its new fabrication campus. The estimated $30 billion campus came with plans to produce 300-millimeter semiconductor wafers and create 3,000 jobs, according to Sherman.