TexAmericas Center (TAC), a prominent company in the world of industrial parks, has reason to celebrate as it announced significant results in its latest 2023 TexAmericas Center Annual Employment and Payroll Survey Report. The report shows tremendous growth in both new business and employment statistics, cementing his TAC’s position as a key economic driver in the region.
TAC, known for owning and operating one of the largest mixed-use industrial parks in the United States, proudly reveals that its total tenant payroll and number of tenants are at an all-time high .
During fiscal year 2023, TAC tenants contributed a total of $56.6 million in annual payroll, reflecting a significant 17% increase compared to 2022. Furthermore, the number of employees skyrocketed to 1,359 people, an astonishing 81% year-on-year growth.
Scott Norton, executive director and CEO of the TexAmericas Center, said a significant portion of this success is due to new defense contracts stemming from support for the Red River Army Depot. . “Defense contracts help drive continued economic development because they complement the services, serve as vendors, and influence surrounding companies that support these contracts,” he said. said. We have powerful munitions and energy clusters in our base, and this year’s Census report highlights the strategies behind those clusters. ”
In 2023, TAC welcomed six new businesses and achieved an impressive tenant retention rate of 93%. Remarkably, these new businesses created 610 jobs, an impressive 223% increase over the previous year.
Norton expressed pride in the organization’s growth and impact on the community, saying, “We hope to continue to build on these numbers and be a catalyst for progress.”
Looking to the future, the Tex Americas Center has ambitious plans to recruit domestic companies to its hub, while stepping up efforts to attract foreign companies looking to invest overseas or expand domestically.
However, TAC support extends beyond business interactions. The organization is committed to assisting families relocating to Texas by providing services such as finding housing, moving between school districts, and accessing ESL classes.
“I can’t wait to say, ‘Welcome to Tex America’s Center!’ We’re glad you’re here,” Norton emphasized.
About TexAmerica Center:
Located on the Texas side of the Texarkana metropolitan area, TexAmericas Center is a leading real estate company that owns and operates one of the largest mixed-use industrial parks in the United States. TAC has approximately 12,000 acres of development-ready land and more than 3.5 million square feet of commercial and industrial space and serves four states, including Arkansas, Louisiana, Oklahoma, and Texas.
TexAmerica Center has been recognized by Business Facilities magazine as one of the top 10 industrial parks in the nation for four years in a row and was recently ranked #3 in 2023. Tenants benefit from excellent transportation access through a network of state highways, interstates, and aviation. Freight and rail lines, including seven rail lines converging in the Texarkana area.
In addition, TAC also offers third-party logistics (3PL) services to assist businesses with their inventory management, warehousing and fulfillment needs.
Designated as a U.S. Opportunity Zone, New Markets Tax Credit Census Tract, Foreign Trade Zone #258, and Texas Enterprise Zone, Texas America Center combines the operational capabilities of a local government with the flexibility of a traditional real estate development company for customization. We will provide you with real estate. solution.
For more information about TexAmerica Center, visit texammericascenter.com.
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