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.
# # #