Why Utilities Are Such Great Economic Development Partners
26 Sep 2022
News
Anyone whose eye is on international news today can easily see how all aspects of a community are impacted when energy is scarce, unreliable, or unaffordable. Yet even under optimal conditions and ideal circumstances, successful economic development organizations fully understand why utility companies are invaluable working partners.
Utility companies are crucial to everyone’s success because they have a closer everyday relationship, and a greater impact, on quality of life and prosperity than any other industry. Since their success depends on selling more energy, they also have plenty of incentive to retain and attract new manufacturers as well as other large-scale power customers.
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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