‘Tremendous increase’ in corporate relocations, expansions to Texas since pandemic hit
24 Sep 2020
News
Despite some companies pausing projects due to the pandemic and the resulting economic meltdown, Texas has more potential corporate relocations and expansions in the pipeline than before COVID-19 hit, a top state economic development official said in a summit on Thursday.
Adriana Cruz, executive director of Economic Development and Tourism for Gov. Greg Abbott’s office, said the office has 196 active relocation or expansion projects in its pipeline right now.
“Pandemic or no, we’ve actually seen a larger number of prospects reach out to us since the pandemic started,” said Cruz, who leads the state’s economic development efforts. “We have seen a tremendous increase in the number of prospects and projects we have in very diverse industries.”
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The Royse City, TX Community
Royse City is home to a growing number of young professionals and families. The average age within the city is 32 years old, and the educational attainment is higher than the national average. This has led to a population that is active, educated, and earns around $90,000 per year - far more than the national average. With 15,000 new homes in some stage of development, the city’s growth is expected to continue for some time. As it does, investments are being made in parks and recreation and the local school district.
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