TEXAMERICAS CENTER AT 14.5% EMPLOYMENT GROWTH FROM 2013
The 2017 Annual Census for Employment and Payroll Reveals Continued Growth for TAC over the Last 5 Years
Texarkana, AR-TX, TexAmericas Center (TAC) has seen a 14.5% overall increase in employment amongst its’ tenants over the past 5 years and is proud to report the addition of 113 jobs to the area this year. TAC completes an annual census of current tenants and businesses located on their Central, East, and West campuses (excluding the Red River Army Depot) to evaluate employment growth. The 2017 census ultimately revealed an overall $14.2 million annual payroll for the 26 tenants/businesses located on TAC’s combined footprint.
Other findings from the 2017 Annual Census for Employment and Payroll include:
· 4 new tenants were added to the TAC footprint including: Jackson Melons, Bristol General Contractors, Premier Fire & Security Inc., and Braswell Services-- adding a combined total of 23 new jobs.
· 3 of the current tenants on the TAC campuses reported employment growth—ranging from 3550%, reported as the highest growth rate, to 16.67%, reported as the lowest growth rate.
· 22 businesses were retained, resulting in an 84% retention of businesses from July 1, 2016 – June 30, 2017.
“TexAmericas Center anticipates more growth for the 2017-2018 fiscal year,” said Scott Norton, President/ CEO with TexAmericas Center, “We are dedicated to helping strengthen the local economy and know that attracting new businesses will help to do this through growing and diversifying the current job market for the region.”
TexAmericas Center is rich in opportunity and proactively engaged in developing business opportunities for the area. With over 3,000,000 square feet of office and industrial space available, TexAmericas Center is a prime location for any business looking to grow or expand into the Texarkana area.
“TexAmericas has already begun taking strategic steps to create more interest in the property and business leads by (1) certifying a 100 acre shovel-ready site for build-to-suit prospects, (2) adding a new gas system onto the East Campus, and (3) initiating the redevelopment of Area D Warehouses—creating 274,000sf of usable space,” said Eric Voyles, Executive Vice President/ CEDO for TexAmericas Center.
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About TexAmericas Center
Located in the Texarkana metropolitan area, TexAmericas Center owns and operates one of the largest mixed use industrial parks in the United States. With roughly 12,000 development ready acres of land and about 3 million square feet of commercial and industrial product, TexAmericas Center services the four states (Arkansas, Louisiana, Oklahoma, and Texas) markets. Texas is the #1 state for business in the United States of America because of its regulatory environment, tax policies, and workforce quality along with exceptional educational resources, infrastructure, and quality of living. Founded in 1997, TexAmericas Center has the operating capabilities of a municipality but functions more like a traditional real estate development company, offering customized real estate solutions. In addition to controlling our own zoning and permitting processes and sustaining the life cycle of public infrastructure on the complex, TAC has the capability to lease, build-to-suit, or facilitate Greenfield owner-constructed projects in a timely and efficient manner. At TAC, we streamline leasing and manage government development processes all through a single point of contact. Our customers benefit from faster market entry by resolving zoning, permitting, inspection, and state and local incentive programs solely through our organization. Additionally, the Texas Economic Development Council (TEDC) designated a 101 acre site on TexAmericas Center’s central campus as the first S.T.A.R. Site in Texas (Sites That Are Ready for construction to begin), advancing speed to market for our customers. Tenants of TexAmericas Center tend to be private business owners and corporations seeking flexible and cost effective space solutions.