Full Citation
Title: Economic Development Strategic Plan for the City of Waco, Texas
Citation Type: Miscellaneous
Publication Year: 2014
ISBN:
ISSN:
DOI: 10.17848/rpt209
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Abstract: In many ways Waco is on the verge of substantial growth. The city has most of the necessary ingredients to support extensive development. Nevertheless, its past economic performance has been lackluster, and its residents have few economic opportunities not only because of their low education attainment and lack of skills, but because of limited employment prospects. Waco houses outstanding training and education institutions and has a strong network of foundations and nonprofit organizations. Few communities can boast of having two two-year training institutions and a major university. Its location on I-35 is within easy driving distance of four of the fastest-growing metropolitan areas in the country— Dallas, Houston, San Antonio, and Austin—which makes it an excellent logistical distribution and supply center. And, the area offers numerous site-ready industrial and commercial properties. Still, economic growth in the Waco Metropolitan Statistical Area (MSA) has been sluggish because of the types of industries in the area and their flat competitive performance. The lack of a strong demand for workers increases the difficulties facing economically disadvantaged residents who have been not be able to establish strong work histories. Many of the graduates of the area’s university and colleges seek employment elsewhere because of better opportunities and wages. Moreover, our results . . .
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Authors: Erickcek, George; Edgerly, Don; Pittelko, Brian; Robey, Claudette; Timmeney, Bridget
Publisher: Upjohn Institute for Employment Research
Data Collections: IPUMS USA
Topics: Land Use/Urban Organization, Other
Countries: