Challenge The use of incentives is often criticized for providing a subsidy to a private entity at the expense of taxpayers. However, a strategic approach to structuring and targeting incentives can be an effective means of achieving specific goals and desired outcomes. As part of the establishment of an office […]
Challenge Abilene prides itself on being a city of “firsts”: the first Texas city to create a sales-tax funded economic development effort in 1989, the first to create a downtown reinvestment zone, and the first community outside the state’s major metropolitan areas to receive a cultural district designation from the
Challenge Alvin, Texas, is strategically located halfway between Houston, the core city of the nation’s fastest-growing large metro area, and Freeport, the nation’s largest petrochemical complex. The city’s location also offers easy access to the region’s four major ports; proximity to Houston Hobby International Airport; and access to Alvin Community
Challenge Like many rural areas in the nation, Bee County, Texas, faces critical demographic challenges related to population growth and domestic migration. Population growth in the county over the last decade has remained flat, with a net gain of just 800 residents from 2006 to 2016. In addition, the county
Challenge Midland’s economy was thriving during the latter half of the last decade due to an ongoing energy-led expansion. Fueled by this expansion, the city added residents at a pace faster than almost any other city in the nation and greatly increased employment opportunities. This rapid growth, however, challenged city
Challenge The City of Irving, Texas, operates in a highly competitive environment. Despite its many advantages—ranging from its transportation network to available workforce to prime sites—the city is in a constant battle for projects within the fast-growing Dallas-Fort Worth metropolitan area. Irving occupies an enviable position in the region but
Challenge Following significant job losses during the Great Recession, Yoakum, Texas, has experienced steady annual employment growth since the downturn’s official end in 2009. These gains reflect the continued diversification of the area economy, driven in large part by energy-related growth surrounding the Eagle Ford Shale. The city has also
Challenge The idling of Alcoa’s aluminum production facility in Rockdale, Texas—announced at the height of the Great Recession—would ultimately put more than 1,200 employees out of work and shutter nearly two dozen local businesses that were reliant on the plant or its employees. The crisis brought together representatives from the
Challenge Despite its largely positive economic climate, Texas’s Lower Rio Grande Valley has long faced daunting workforce development challenges. Nearly one-half of the region’s working-age population does not have a high school diploma and only 1 in 8 have a bachelor’s degree or higher. Employers face numerous additional challenges, including
Challenge Southlake boasts multiple competitive advantages. It is centrally located in the Dallas-Fort Worth area, one of the fastest-growing regions in the United States, and is recognized as a visionary community with active, engaged citizens who are dedicated to high quality, excellence, and success. This reputation also extends to its
