The 2016 Annual Census for Employment and Payroll Reveals Growth for TAC
Texarkana, AR-TX, TexAmericas Center (TAC) has seen an 18% increase in employment amongst its’ tenants from the previous year (July 1, 2015- June 30, 2016) and is proud to report the addition of 82 jobs to the area— as a part of this growth. 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 2016 census ultimately revealed an overall $13.9 million annual payroll for the 26 tenants/businesses located on TAC’s combined footprint.
Other findings from the 2016 Annual Census for Employment and Payroll include:
• 2 new tenants were added to the TAC footprint, including Expal USA, Inc. and VSE Corporation, which added a combined total of 22 new jobs.
• 13 of the current tenants on the TAC campuses reported employment growth—ranging from 78%, reported as the highest growth rate, to 7%, reported as the lowest growth rate.
• 24 businesses were retained, resulting in a 92% retention of businesses from July 1, 2015 – June 30, 2016.
• 5 tenants reported a decrease in employment and a combined loss of 19 jobs.
“TexAmericas Center anticipates more growth for the 2016-2017 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,”
Eric Voyles, Executive Vice President/ CEDO for TexAmericas Center.
About TexAmericas Center:
Located in the Texarkana metropolitan area, TexAmericas Center owns and operates one of the largest mixed use industrial parks in the United States. With more than 2,000 development ready acres of land and about 1.5 million square feet of commercial and industrial product, TexAmericas Center services the four states (Arkansas, Louisiana, Oklahoma, and Texas) markets. TexAmericas Center has the operating capabilities of a municipality but functions more like a traditional real estate development company. In addition to controlling our own zoning and permitting processes and sustaining the life cycle of public infrastructure on the complex, TAC has the capability to lease, build to suite, or facilitate Greenfield owner-constructed projects in a timely and efficient manner. At TAC, we stream line leasing and manage government development processes all through a single point of contact. Our customers benefit from faster market entry by resolving zoning, permitting, inspection, and state and local incentive programs through a single point of contact at TexAmericas Center. Tenants of TexAmericas Center tend to be private business owners and corporations seeking flexible and cost effective space solutions.
Who to contact:
If you would like more information about this topic, please contact Eric Voyles/Executive Vice President, CEDO at (903) 223-9841 or via Email
