Understanding Current Workforce Shortages
3 Mar 2022
News
HOW TO SOLVE WORKFORCE SHORTAGES IN YOUR COMMUNITY
Workforce shortages are a primary concern for businesses and economic developers throughout the country. For economic developers, this creates a clear and urgent challenge - find workers to support existing businesses or risk them going elsewhere. The same is true for business attraction. Economic developers seeking new investment must have a workforce attraction strategy that supports that growth.
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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.
Housing Costs Less
Abundant Shopping
Low Cost of Living
Open Spaces