The Bryan-College Station economy continues to grow despite national fears of an economic slowdown, according to a local index that measures a number of indicators and factors.
The unemployment rate in the Bryan-College Station metro area has reached an all-time low at 2.8%, according to a locally produced index that measures a number of economic factors and indicators.
The College Station-Bryan Business-Cycle Index, which is released monthly by the Private Enterprise Research Center at Texas A&M, grew by 0.47% between April and May, a robust annualized rate of 5.8%. The index has a lag time of about two months.
The monthly report also shared data suggesting that the B-CS metro area has a lower percentage of residents 65 or older than any other large metropolitan area in the state.
– By Kenny Wiley, The Eagle
Read the Full Story: Bryan-College Station jobless rate falls to record low 2.8%
The Chamber of Commerce’s annual Inside BCS all-day event Wednesday gave community members and local business leaders a chance to learn more about K-12 education, higher education, local and county government, economic development, health care, communication and criminal justice in the area.
Brazos Valley Economic Development Corporation President and CEO Matt Prochaska noted during the economic development discussion that a Belgium company called the triangle “magic.”
With a $22.6 billion gross market value in 2017 — and the 2018 numbers still to come — and a historic low unemployment rate of 2.8%, he said, the area is being included in benchmarks with Houston, Dallas, Austin and San Antonio like never before, attracting national and international attention.
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SmartAsset has ranked College Station No. 3 city in its fifth annual study of the best cities in the United States for career opportunities. College Station is the only Texas city in the top 15. Read more
SmartAsset.com ranks College station as the No. 3 city in America for working parents. Here’s what it had to say:
After missing out on last year’s top 10, College Station, Texas once again ranks as a great place for working parents. For one, unemployment in the city is relatively low at 2.70%. Getting to work is also easy, given an average commute time of about 16 minutes. That’s the 20th-shortest commute time in the study. College Station ranks among the safest in the study with a violent crime rate that ranks in the top 25% of all cities. Childcare costs are low and rank in the top 12% of cities.
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Brazos Valley entrepreneurs are spending one morning a week exchanging ideas as part of a national program designed to improve business ecosystems.
On February 20, 2019, the College Station “community”of 1 Million Cups celebrated its first year of gatherings. Each Wednesday at 8:15AM, Startup Aggieland’s offices in Texas A&M University’s Research Park play host to a presentation, Q&A, networking and coffee.
1 Million Cups community celebrates first year (Brazos Valley Economic Development Corporation)
RENTCafe‘s Apartment Market Report for January shows that the average rent in College Station declined by 1.7 percent since January 2018, the fifth largest drop in the country. The number was the second biggest decline among small cities.
Nationally, the average rent rose by 3.3 percent in the last year.
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The Milken Institute, a non-profit think tank located in California, has rated the College Station-Bryan as the best performing small metro in Texas for 2018. The B-CS area ranked No. 22 nationally. The only other small Texas metros in the top 100 are Sherman-Denison (47), Tyler (65), Midland (67) and Amarillo (95).
The Milken Institute’s Best-Performing Cities index provides an objective benchmark for examining underlying factors for and identifying unique characteristics of economic growth in prosperous regions. The index uses an outcomes-based set of metrics such as job creation, wage gains, and technological developments to evaluate the relative growth of metropolitan areas.
“Cautious optimism” was the overall forecast for the local economy given Wednesday during the Bryan-College Station Chamber of Commerce’s annual Economic Outlook Conference.
Leaders in education, local government, economic development and tourism touted the new jobs, schools, businesses, housing and other markers of growth the area has seen in response to the climbing population, thanks in no small part to enrollment numbers at Texas A&M University. Keynote speaker Jim Gaines, chief economist for the Texas Real Estate Research Center at A&M, told the crowd at the College Station Hilton that he expects 2018’s growth pattern will continue into 2019.
The Brazos Valley housing market is looking up for buyers and sellers in 2019. Read more