GREAT PLACE, GREAT PEOPLE
On the Southern High Plains of Texas, Lubbock is the epicenter of a 29-county region with more than 600,000 people. The ‘Hub City’ boasts an economy grounded in agriculture, manufacturing, health care, education, government, and wholesale and retail trade services. Its attributes include a low cost of living, diverse workforce, accessible transportation, and sustainable industries.
Lubbock’s cost of doing business continues to rank as one of the lowest in the U.S and it has some of the lowest costs in Texas for electric and natural gas utilities, wage rates, affordable land and property taxes.
The Lubbock Economic Development Alliance (LEDA) uses knowledge of regional resources, industry clusters and the local business environment to assist expansion and/or relocation projects. They provide opportunities for companies to obtain job creation and Enterprise Zone incentives along with funding for workforce training through state and local programs.
As the medical center for the entire West Texas and Eastern New Mexico region, Lubbock offers comprehensive health care services. In addition, with three universities and a community college, there is a continual flow of capable individuals going into the workforce.
Not only a city for business, Lubbock offers access to a variety of activities. Residents and visitors can frequent the American Wind Power or Buddy Holly Centers; listen to live music at the Symphony Orchestra; explore 75 recreational park facilities to picnic, hike, camp or boat; watch a sporting event; or visit one of the award-winning wineries.
From arts, entertainment, sports and recreation to healthcare, business, transportation and education, Lubbock is the place to do it all.
DEVELOPMENT IN FULL SWING
LEDA owns over 1,000 acres of land within the Lubbock Business Park and Lubbock Rail Port, which can be offered as an incentive to help relocate qualifying businesses. The alliance has already invested more than $22 million dollars in the Park and continuously works to attract new activity. Recruitment is focused on (but not limited to): Wind Energy/Clean Energy, Advanced Manufacturing, Transportation and Logistics, Food Technology, Biotechnology, Wholesale Trade, Information Technology, R&D and Professional Services.
Located on more than 526 acres a few miles north of Lubbock Preston International Airport, the Lubbock Rail Port provides access to the airport and the Burlington Northern Santa Fe Railroad (BNSF). It acquired 200 additional acres and a $1.5 million U.S. Department of Commerce Economic Development Administration Grant recently to extend infrastructure into the Lubbock Business Park.
Lubbock Business Park is a 586-acre tract of land located off of I-27, about one-mile south of LBB. Currently O’Reilly Auto Parts Distribution Center and WesTX Packaging Company/Standard Bag Manufacturing reside in the Park. Monsanto and Standard Sales/Anheuser-Busch will soon begin operations. Construction of a 30,000 square foot Verizon data center is expected to begin in the near future. Completion of the Boulevard Extension and other planned roads will add another entrance into the Park and more infrastructure to future tenants, opening up approximately 10 lots for new construction.
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Topic Tags: TX