Business Climate: San Antonio offers a culture of business that values growth and a diverse economy. Five Fortune 500 companies are located here due to the low cost of doing business, available workforce and limited regulations. There are also tax incentives for businesses and in this legislative session, Texas legislators cut more than $1 billion from proposed business taxes.
Workforce: San Antonio is touted as one of the fastest growing cities in the United States experiencing huge population growth. This growth has resulted in a developing workforce and opportunities for training and workforce development. The greater San Antonio area’s unemployment rate is a low 6.5%, with an annual job growth rate of 2.4%. The fastest growing job sectors are in mining and lodging related to the recent boom in the Eagle Ford Shale region. Aside from its large military presence, San Antonio is also experiencing growth in the manufacturing, aerospace, information technology, financial and services industries.
Quality of Life: Because of its good-value for housing and affordable lifestyle, San Antonio has been particularly popular with families. Coupled with a cost of living index well below the national average and no individual income tax and you will understand why San Antonio is one of the fastest growing metro areas in the nation.
The City is home to fifteen higher learning institutions, and two of the largest military medical centers in the United States. Several military bases are located here, home to both the Army and Air Force service members, adding to the diversity of the city.
San Antonio is a popular tourist destination offering varied historic, cultural, amusement and sporting attractions. The City provides a rich cultural experience to residents and guests offering a review of Texas history while visiting The Alamo Mission, or a unique river excursion through heart of the city on the Riverwalk. San Antonio showcases many festivals throughout the year from lively Mexican-American folklore, to Spanish heritage and Texas pride. Sports fan may attend a basketball game for the NBA championship winning San Antonio Spurs or the WNBA’s the Silver Stars, or play a round of golf at the AT&T Canyons Course where the PGA’s annual Valero Texas Open is played.
View more in our research
A representative will be in contact with you shortly.
Need help? Connect with one of our experts. We look forward to helping you with your real estate needs.