Waco Economic Index Report Hits All-Time High
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The Waco economy continues to flourish according to the Greater Waco Economic Index, which improved to a record 130.9, up 2.3% over April 2018.
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Driving the market:
- 12 months with hotel occupancy rates averaging over 73%, marking the continuation of a three-year trend with annual growth rates in excess of 10%.
- Strong housing demand continues. Existing home sales have increased 14% with average sale price hovering at $200,000. New home starts continue a three-year run of record growth, up 4.2% in a YTD comparison.
- Job creation remains robust for Greater Waco with 1,900 new jobs added in a 12-month period.
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Magnolia announces a $10.4 million expansion of the Magnolia Silos to feature recreation, shopping, relocated church, among others
Magnolia is making its next massive move, with a master plan to bring new shops and public spaces to a two-block area anchored by its downtown silo attraction.
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L3 Waco wins $500 million Air Force contract to upgrade C-130H aircraft
The L3 Technologies plant in Waco will take the lead on a new $499 million contract the Department of Defense awarded to upgrade nearly 180 National Guard and Air Force Reserve C-130H aircraft, the Pentagon announced this week.
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Craft whisky distiller Balcones expanding facility, products with $300,000 incentive
Balcones Distilling, which has become a major downtown tourist attraction, will use a $300,000 local economic development grant to upgrade its tasting room and set up a small in-house brewery to slake its visitors' thirst.
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Greater Downtown Waco is booming! With 2.7 million visitors annually, Waco has become a destination city. Through implementation of a strategic vision, Waco is attracting great companies, talented people and continued interest to our distinct community. Since 2009, more than $1.4 billion in new private development activity has been announced in enterprise zones throughout Waco.
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101 S. University Parks Dr.
Ceviche Del Mar is bringing a quality seafood experience to the downtown Waco area, serving various types of high-quality ceviche in the Chow Town Food Truck park on University Parks!
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420 Dallas St.
Waco Downtown Farmers Market is expanding its offerings beyond Saturdays! Farmers Market vendors will be selling their produce, meat, dairy products and more online for pick up at the Waco Food Hub every Tuesday from 4-6 p.m.
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2223 Austin Ave.
The popular uptown coffee shop has expanded into the craft beer scene. The newly added public house will offer a selection of beers on tap along with retail beer and wines to go.
Read more >
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Various Locations
Handcrafted organic milk tea is no longer just available on Saturdays at the Waco Farmers Market. Waco Cha has expanded into a mobile food truck to serve up bubble tea from various downtown locations during the week!
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930 Austin Ave.
There's a new home decor store on the Austin Avenue scene. White Elephant offers a collective of hand-curated home decor and gifts made right here in Waco!
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320 S. Second St.
Putters is bringing new entertainment to downtown! This indoor mini-golf course offers an arcade and sports bar as well and is kid-friendly until 8 p.m.
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215 S. University Parks Dr., Ste. 104
The Waco Tours touring company has added a brick-and-mortar location along University Parks Drive. Tours will begin from this location which also features unique Waco gifts.
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June 10-12: SelectUSA Investment Summit
June 12-14: TEDC Mid-Year Conference
June 24-27: Grand Central Texas Roadshow - Pittsburgh, PA
October 16: Find Your Waco Life Fair
October 22-24: NBAA Business Aviation Convention & Exhibition
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WacoProspector.com
is an invaluable resource for commercial real estate listings and sales, providing in-depth demographics and market analysis. Tool options include: property lines, traffic counts, incentive zone boundaries, population, income thematic maps and more.
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Market Stats
Greater Waco's telescopic look into the economy.
(84 available reports)
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Regional Labor Force
May 2019:
Waco MSA: 125,354
7-county region: 326,420
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Cost of Living Index
Purchasing Power
See chart for itemized breakdown
U.S. Average Composite: 100
Waco Composite: 89.9
(see chart)
Comparison Cities:
Chattanooga, TN: 94.7
Greenville, SC: 97.7
Richmond, VA: 93.0
Colorado Springs, CO: 99.8
Ashville, NC: 100.4
Kansas City, KS: 94.5
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Greater Waco Chamber Publications
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Thank you to our sponsors!
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Silver Sponsor: Providence Healthcare Network
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Let's Get Connected! Follow Greater Waco Chamber of Commerce on social media!
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