Monthly Metrics show B-CS economy continues to perform well

The Bryan-College Station area’s economy continues to hum along, according to an index that measures a number of economic factors and metrics.

The metro area’s unemployment rate, at 2.9 percent, is tied for the lowest rate of the century in the rapidly growing region. Employment has neared an all-time high of about 120,000 jobs

The College Station-Bryan Business-Cycle Index, released monthly by Texas A&M University’s Private Enterprise Research Center (PERC), attempts to reflect the current state of the economy.

Read the complete article in The Eagle

 

Booming Eagle Ford is helping some Texas oil workers skip a 450-mile trek to Permian Basin

CALDWELL, Texas (AP) — Three years ago, Allen Startz found himself in an unwanted kinship with thousands of other oilfield workers in South Texas’ Eagle Ford shale — laid off with few prospects nearby.

The Houston Chronicle reports he left his home in Bryan to work in the Permian Basin in West Texas, making plenty of money, but growing exhausted from the grueling 450-mile trip he made every couple of weeks to visit his family, whom he missed dearly.

Today, however, he wakes up in his own bed each morning and heads to a job operating oilfield services trucks in the northeastern Eagle Ford, just 30 miles away.

The Houston oil company WildHorse Resource Development is targeting the northeastern section of the shale, near College Station, where it holds 400,000 acres and has five rigs operating.

Read the full story on dallasnews.com.

College Station is nation’s sixth-fastest growing city

To determine where the most rapid local economic growth occurred over a period of seven years, WalletHub compared 515 U.S. cities across 15 key metrics. The dataset ranges from population growth to college-educated population growth to unemployment rate decrease. In addition, they produced a separate ranking by city size.

College Station ranks 6th overall and 4th in terms of midsize-city growth. Read more

College Station ranked among top U.S. cities for empty-nesters

By Julia Campbell, Move.org

College Station has a lot going for it, like Texas A&M University and the famous George Bush Presidential Library and Museum. Maybe that’s why this college town compelled 12,035 people between the ages of fifty to sixty-five years old to move into its boundaries in 2017. Read more

Prochazka named director of Planning & Development Services

Prochazka

Jennifer Prochazka will be the next director of College Station’s Planning & Development Services Department, Interim City Manager Jeff Capps announced Friday.

Prochazka has been with the City of College Station for 18 years. She has served as the city’s economic development manager since 2016, but held a variety of positions in long-range planning and development prior to that:

  • 2011-2016:    Principal Planner
  • 2005-2011:    Senior Planner
  • 2002-2005:   Staff Planner
  • 2000-2002:  Planning Intern

In addition to her work with the city, Prochazka has been an adjunct economic development specialist for Texas A&M Engineering Extension Service, or TEEX, since 2015.

“Jennifer has a wealth of experience in municipal planning and economic development, and she’s done a phenomenal job in every role she’s served with the city,” Capps said.

Prochazka earned a bachelor’s degree in environmental design and a master’s degree in urban planning from Texas A&M University, and holds numerous certifications and professional affiliations. She begins her new role on Oct. 1.

The College Station Planning & Development Service Department is currently comprised of more than 40 employees, including the city engineer, building officials, greenways, transportation, land development and long-range planners. The department has a Fiscal Year 2018 budget of $4.3 million.

-30-

Economist: Numbers for Bryan-College Station area remain strong

People are spending their money, staying in hotels and buying things such as cars and houses in Bryan-College Station — all indicators that point toward a healthy local economy.

Karr Ingham, an Amarillo-based economist who spoke to attendees at the Bryan/College Station Chamber of Commerce’s economic outlook briefing Wednesday, said the area has experienced an “extraordinary” economic expansion since 2011. General spending, home sales activity, employment and other indicators Ingham uses to prepare the local economic index sponsored by Commerce National Bank are currently at or near record levels, he said, and growth will likely continue moving into 2019.

Read the rest of the story

 

 

Podcast: Is This A Thing? Krispy Kreme, Lululemon and Spice World

Episode 8 of “Is This A Thing?” finds College Station Economic Development Director Natalie Ruiz talking about the status of some restaurants and businesses you’ve heard about for a while, plus new trends that are showing interest in College Station, such as “entertainment uses.”

Listen to the Podcast: Is This A Thing? Krispy Kreme, Lululemon and Spice World

Podcast: Jones Crossing H-E-B built for technology – and pizza

H-E-B’s newest store in College Station is set to open Sept. 12, and there will be striking differences when compared to locations at Holleman Drive and at Tower Point.

In this edition of the podcast, H-E-B Area Community Coordinator Diane Besosa talks about everything from app-based shopping/checkout to the restaurant that will be located inside.

Listen to the Podcast: Jones Crossing H-E-B built for technology – and pizza

 

College Station named the most educated city in Texas

College Station has been identified as Texas’ most educated city by Insurify.

Insurify analyzed more than 1.4 million auto insurance applications that indicated the age and education history of each applicant. Within the data set, each was assigned a score based on educational attainment and, for current students, grade point average (GPA). The results were then grouped by city, and the highest scoring communities in each state were identified.

“Across America, educational success is a vital factor in determining the advancement of a local economy,” said Snejina Zacharia, Insurify’s CEO. “These awards recognize the communities in each state whose residents demonstrate an unmatched commitment to their education.”

Read the Full Story: Most Educated Cities in America

Texas is CNBC’s Top State for Business

From CNBC:

Riding the rising tide of energy prices—and the job growth that goes with it—Texas claims the top spot in CNBC’s 2018 America’s Top States for Business rankings.

This is familiar territory for the Lone Star State, which becomes the first four-time winner in our annual study, now in its 12th year. But it has been a long time coming. This is the first time since 2012 that Texas has claimed top honors. Not coincidentally, West Texas Intermediate Crude Oil—the state’s most important export—peaked at just over $108 per barrel that year, a figure it has not seen since. But it has risen enough—around 60 percent in the last year, powering through the $70 per barrel mark in June—to turbocharge the $1.6 trillion Texas economy.

Read the rest of the story: Texas is CNBC’s Top State for Business in America this year