What smaller Texas communities can learn from startups about COVID-19 economic recovery
12 Oct 2020
News
BOERNE, Texas (KXAN) — As the coronavirus pandemic continues to take a toll on lives and healthcare systems across the country, communities are also having to contend with the economic fallout of the COVID-19 pandemic. Now, 58 Texas communities beyond metropolitan areas have a new lifeline in weathering this storm: an accelerator program that uses the lessons of business startups to help them create paths forward.
Smaller cities and communities farther away from urban centers in Texas, who might otherwise have limited recovery resources, have been brought together in a new way during the pandemic that’s leading to solutions from education to business to healthcare.
Their community leaders are getting a university-sponsored crash course in the startup mentality that has worked for so many businesses in Austin, in hopes of steadying more regions in these uncharted economic waters.
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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.