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Articles on Growth


ECONOMY:

Eagle Ford Shale to add 10,000 jobs to San Antonio economy

Former Mayor Henry Cisneros offered a new expectation Tuesday, saying the oil and gas development likely will bring a total of 10,000 jobs to the city within three years.

Milken Institute – San Antonio is Nations’s Top City for Growth

The 2011 Milken Institute Best-Performing Cities Index ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth. The components include job, wage and salary, and technology growth. The ranking placed San Antonio in the top spot for 2011.

Forbes – The Best City For Job Growth Right Now is San Antonio

Forbes has just released a report ranking San Antonio as the city with the most optimistic jobs outlook in the nation. The ranking is based on a survey by Manpower that shows the San Antonio metro area enjoys a 17% net employment outlook, which is the percentage of employers that expect to add employees (25%) minus the percentage that expect to reduce their workforce (8%).

Forbes – America’s Next Boom Towns

Forbes has just released its latest report of America’s Next Boomtowns. It placed Austin in the #1 slot and it placed San Antonio in the #4 spot. What does that mean for this area that is strategically located right between both cities? Clearly, it means there will be major activity in this growth corridor. The future is very bright indeed for this area, making it the sweet spot for Texas growth.

Wall Street Journal Explains Texas Economic Growth

“Over the past 5 years Texas has created more net new jobs than all of the other states combined.”

Wall Street Journal – Texas Jobs Surge

“Some 37% of all net new American jobs since the recovery began were created in Texas.”

USA Today – Texas Bucks National Unemployment Trend

“From June 2009 to June 2011 the state added 262,000 jobs, or half the USA’s 524,000 payroll gains, according to the Federal Reserve Bank of Dallas and the Bureau of Labor Statistics.”

Forbes – Best Places for Business – Austin and San Antonio

“Our look at America’s Best Places for Business showcases the stark contrast between Texas—with its low-cost, pro-business regulatory environment (5 cities among the top 25, led by Austin at No. 7)—and overregulated and wildly expensive California (home to 8 cities that rank in the bottom 25, including No. 200 Merced). Texas was one of the last economies to succumb to the recession and one of the first to bounce back, while California is limping along with an unemployment rate of 11.7% (only Nevada’s is worse).

Besides Austin, Texas also placed San Antonio and Dallas in the top 10. San Antonio, ranked No. 8, is among the fastest-growing metro areas in the U.S. (the population increased 25% since 2000). It has been buoyed by defense spending and hiring at Toyota Motor’s truck assembly plant. Dallas (No. 10) has been one of the most resilient economies during the recession and could add 190,000 jobs in the next three years.”

San Antonio Express News – San Antonio Area Growth

“State tally up 20.6 percent, while Bexar County rises 23.1 percent. Nearby counties grew, too. Wilson and Comal counties grew 32.4 percent and 39 percent, respectively. The biggest gainers were Guadalupe County, which grew by 47.8 percent; and Kendall County, 40.7 percent.”

San Antonio Express News – It’s a Good Time to be a Landlord

Vacancy rates have plummeted in the past six years in San Antonio from over 20 percent in 2005 to 8.4 percent as of this May, and rents are rising. “Right now is the time to be a landlord,” Alan Cooper, president of Wakefield Realtors in San Antonio. “There’s literally no vacancy loss. It’s a week or two between tenants, just enough time to turn a house around.”

San Antonio Express News – Eagle Ford Shale Draws Companies and Jobs to San Antonio

“The latest company looking at setting up shop in San Antonio is Halliburton, which is eyeing San Antonio for a “supersite” for their company operations in the region to serve development of the Eagle Ford shale.”

Wikipedia – New Braunfels Sees 58% Growth Rate

New Braunfels Herald Zeitung – Jobless Rate Drops below 6.8%


3 Responses to Articles on Growth

    Ted Omohundro
    Commented:  January 8, 2012 at 6:58 PM

    The good news just keeps coming for San Antonio. The latest report indicates San Antonio is not only creating jobs with large companies like Boeing and Halliburton, but it also is tops in the nation in small business hiring as well. According to the report from national payroll services company, Sure Payroll, most cities across the nation saw a decline while San Antonio saw a significant increase. See article at http://www.mysanantonio.com/business/article/San-Antonio-is-tops-in-small-business-hiring-2446704.php.

    Reply
    Ted Omohundro
    Commented:  January 17, 2012 at 11:36 PM

    Fox News recently interviewed San Antonio Mayor Castro regarding the City’s selection as the Top Performing Economy in the United States in 2011. See the following website: http://video.foxbusiness.com/v/1395365927001/best-performing-us-city-of-2011/

    Reply
    Ted Omohundro
    Commented:  February 15, 2014 at 9:48 PM

    Forbes latest annual list of fastest growing economies placed Austin in the top slot for the fourth year in a row with a 2.5% population growth rate for 2013 and an economy that expanded 5.88%.

    Reply

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