New Braunfels Economic Development Council (NBEDC) is a non-profit umbrella organization that serves as the public/private partnership involving the City of New Braunfels via the Type 4B Board (NBIDC), Greater New Braunfels Economic Development Foundation (GNBEDF), Comal County, New Braunfels Utilities (NBU), and The Greater New Braunfels Chamber of Commerce (GNBCC). Our role is to provide a confidential, single point of contact, and offer corporate support for businesses looking to create new jobs in the area; either by relocating new business or helping existing ones expand. Visit NewBraunfelsEDC.com to learn more about the services and incentives we offer. OUR SERVICES • Regional demographic and socioeconomic data • Site selection information through our GIS-driven New Braunfels Prospector program • Introductions/testimonials with industry professionals • Coordination of labor market analysis • Arrangement of community briefings and custom tours of New Braunfels • Introduction to community partners • Preparation of a customized package of Local/State incentives • Assistance with specialized market research needs • Follow-through with the development process • Permit expediting through city departments NBEDC PARTNERS MICHAEL MEEK STUART HANSMANN PAULA DIFONZO Chamber President NBIDC Board President GNBEDF Chairman RUSTY BROCKMAN JEFF JEWELL HOLLY COVINGTON Economic Development Director City Economic Development Manager Research and Marketing Coordinator 390 S. Seguin Ave. • New Braunfels, TX 78130 • 866.927.0905 • [email protected] • NewBraunfelsEDC.com New Braunfels, Texas 2016 DEMOGRAPHIC PROFILE new braunfels strategic location Centered between Austin and San Antonio DISTANCE TO MAJOR CITIES New Braunfels is within a four-hour drive of over 12 million people. Each year, more than three million visitors come to New Braunfels to explore the shopping and recreational activities steeped in German and Hispanic culture and heritage. The city’s strategic location has created opportunities for growth in the global market and an ability to satisfy the needs of the international shopper. Opportunities don’t just grow here. Communities like New Braunfels are unique. Refined by old-world German and Hispanic heritage and complemented by an affordable and unmatched quality of life, it’s no wonder we now rank as the second fastest-growing community in the United States. New Braunfels also boasts exceptional transportation networks, multiple universities within a 30-minute drive, and a pro-business leadership, tax and regulatory environment. New companies such as CBE, NEXUS, Tenet Healthcare and CGT have already realized the advantages of a growing, well-trained, 500,000-person-strong workforce. These recent expansions and relocations have further strengthened our industry bases in manufacturing, healthcare, logistics and distribution, and aviation businesses. Plus, with over 300 days of sunshine a year and 550+ acres of outdoor water recreation, including Schlitterbahn (America’s #1 waterpark), New Braunfels is the premier destination for work – and play – year round. San Antonio 30 Austin 45 Houston 178 Located almost equal distance between the Alamo (San Antonio) and the State Capitol (Austin), New Braunfels has easy access to major highways with IH-35 (a major NAFTA artery) running through the city’s center, and IH-10 only 10 minutes east. New Braunfels’ strategic location is 15 minutes from a new Caterpillar manufacturing plant, 45 minutes from a Toyota manufacturing plant and only a three-hour drive to trade gateways into Mexico, Central and South America. Additionally, New Braunfels is close to nearby air, rail and bus services. Corpus Christi 176 Laredo 196 Dallas 245 Monterrey 431 Mexico City 781 HIGHWAYS SERVING AREA Located on Interstate 35 (north-south system) Los Angeles 1383 New York 1786 and nine miles from Interstate 10 (east-west system)—connected by State Highway 46. Loop 337 circles the city, connecting IH-35 north and south. A proposed SH-130 connector is being assessed by local officials to accommodate future traffic congestion from San Antonio to Austin. AMARILLO BUS Greyhound/Trailways – seven northbound and six southbound daily MOTOR FREIGHT CARRIERS Central, Consolidated and Roadway Express serve the city. Southeastern has a local terminal. FedEx has a large terminal servicing the New Braunfels and Comal County area. LUBBOCK FORT WORTH DALLAS EL PASO AUSTIN NEW BRAUNFELS RAILROADS Union Pacific — 36 daily freight trains HOUSTON SAN ANTONIO (18 northbound and 18 southbound) with a local switch CORPUS CHRISTI AIR SERVICE Non-commercial jet service is available at New Braunfels Regional Airport. Commercial service is available at San Antonio International Airport, only a 25-minute drive, served by most major carriers (11). Austin-Bergstrom International Airport is 45 minutes north and is served by 16 major carriers. NEW BRAUNFELS REGIONAL AIRPORT The extension of FM 306 near a new retail development, Town Center at Creekside, has paved the way for easier access to the New Braunfels Regional Airport (BAZ). The Airport Master Plan gives a targeted direction to increase airport traffic and business development. Complete with $25 million in improvements in t-hangars, runways, drainage, signage, an Air Traffic Control Tower and a 5,000 sq. ft. terminal building, the New Braunfels Regional Airport continues to provide a safe and efficient portal with upscale, quality service. TRAFFIC COUNTS Traffic Intersection IH-35N IH-35 & Hwy 46 # of Cars 99,427 122,719 Hwy 46E & FM 1101 34,164 Hwy 46W & Loop 337 27,177 IH-35S & Walnut 118,766 Hwy 46W & FM 2722 17,607 Hwy 46E & FM 758 26,566 Runway 17/35 is 5,364 x 100 ft. Weight Limitations - Single wheel: 35,000 lbs Runway 13/31 is 6,250 x 100 ft. Weight Limitations - Single wheel: 60,000 lbs 2 3 demographics talent POPULATION BY GENDER Growing Population FEMALE 2015 POPULATION: CITY: 70,543 | COUNTY: 129,048 MALE 38,030 35,624 51.6% 48.37% The center of a well-trained available workforce, New Braunfels touts a strong work ethic among its population. The diverse industry sector employs workers in a variety of professions including: aerospace, automotive, construction, engineering, finance, healthcare and manufacturing. In the last nine years, the workforce has increased 44% and new primary jobs doubled since 2003, averaging 982 primary jobs per year. Ranked as the fifth fastest-growing county and second fastest-growing city in the nation, Comal County and New Braunfels are experiencing an unprecedented growth rate – growing at an average of 4-5% per year; a 58% increase in the last decade. The city’s population surpassed 70,000 in 2015 and is projected to reach 85,000 by 2021. Founded in 1845 by German settlers, New Braunfels’ population includes many German and Hispanic descendants. COMAL COUNTY WAGE RATES AVAILABLE WORKFORCE POPULATION BY AGE COMAL COUNTY HOUSING UNITS 60,000 50,000 40,000 30,000 20,000 10,000 Comal County New Braunfels Under 5 5,118 (6.95%) CLF 61,905 34,172 5–9 5,057 (6.87%) Employed 59,813 33,275 10 – 19 10,104 (13.72%) Unemployed 2,092 897 20 – 29 10,266 (13.94%) 30 – 39 Rate 3.4% 2.6% 10,107 (13.72%) 40 – 49 8,869 (12.04%) 50 – 59 8,332 (11.31%) 60 – 64 3,840 (5.21%) 65+ 11,966 (16.25%) Texas Unemployment Rate Source: TWC May 2016 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 34,472 36,880 38,513 40,240 42,285 42,285 44,397 46,107 47,300 47,916 47,741 49,684 51,426 53,248 Source: Census.gov, 2010-2014 ACS MAJOR EMPLOYERS Employer - Product or Service Employees Comal ISD School District 2,588 Schlitterbahn Waterpark 1,689 Wal-Mart Distribution Center 1,218 New Braunfels ISD 1,040 Sysco 864 IBEX Corporation 750 Hunter Industries, Ltd. 705 Comal County 683 Resolute Health 593 City of New Braunfels 550 HD Supply Facilities Maintenance 516 Christus Santa Rosa - New Braunfels 460 GE Oil & Gas 400 Buc-ees 342 Rush Enterprises, Inc. 330 Source: NBEDC 4 Source: NBEDC POPULATION BY RACEETHNICITY 4.2% $ 2015 2nd QTR 2015 3rd QTR 2015 4th QTR $18.12/hour ASIAN 1.34% MULTIRACIAL 2.47% BLACK OR AFRICAN AMERICAN 2.71% OTHER 7.78% HISPANIC 36.23% ANGLO 50.53% $18.88/hour $21.60/hour Tri-county (Comal, Guadalupe and Hays) Average Weekly Wage is $17.50/hr Source: Texas LMCI Tracer, 2016 COMMUTE TO WORK POPULATION BY EDUCATIONAL ATTAINMENT LESS THAN 9TH GRADE GRADES 9-12 HIGH SCHOOL DIPLOMA ASSOCIATE’S DEGREE BACHELOR’S DEGREE 21 20 $ 19 $ 18 $ 17 $ 16 $ 15 $ 14 $ 13 $ 12 $ 11 $ 10 $ Average Hourly Wage Rate The Median age for New Braunfels is 37; Average Family Size is 3.18. 0 Skilled, Reliable Workforce Car, Truck, or Van – Drove Alone 79.6% Car, Truck, or Van – Carpooled 12.6% Walked 0.8% Other Means 1.5% Worked at Home 5.3% Mean Travel Time to Work (minutes) 6.9% 24.4 Source: Census.gov, 2010-2014 ACS 5.2% 500,000+ 25.5% 7.9% 20.4% WORKFORCE WITHIN A 30-MINUTE COMMUTE Source: AGS 2016 Source: NBEDC 5 quality of place education Affordable Cost of Living, Unique Quality of Life An affordable cost of living is enhanced by low city, county and school district taxes to create a composite cost of living score 15% below the national average. Average home prices are 30% lower than the national average. New Braunfels is considered a great place to live, work and play. MEDIAN HOME VALUE UTILITIES ELECTRICITY Supplier: Multiple ERCOT Sources Distributor: NBU Avg Monthly Bill: Residential: $10.19/1,300 kwh New Braunfels ISD $196,520 City of New Braunfels $181,110 Tri-County Area $204,404 50,000 $ 100,000 $ 150,000 $ 200,000 $ WATER/WASTEWATER Supplier: Wells, Surface Water/ Aquifer Distributor: NBU Avg. Monthly Bill: Residential: $16.24/8,484 gallons Commercial: $58.24/28,725 gallons NATURAL GAS Supplier: Enterprise Products Partners Distributor/Source: CenterPoint Energy Avg. Monthly Bill: Residential: $21.21; Commercial: contracts available New Braunfels and Comal County have two school districts: New Braunfels ISD (NBISD) and Comal ISD (CISD). New Braunfels ISD is primarily within the city limits while Comal ISD spans 589 miles of Central Texas and includes parts of five Central Texas counties: Comal, Bexar, Hays, Kendall, and Guadalupe. Employing more than 930 workers, NBISD encompasses 13 campuses. CISD is one of Texas’ fastest-growing districts, with 28 schools, and gains between 800 new students a year. Both school districts are Academically Acceptable by TEA ratings. Higher Education has also grown in New Braunfels. In 2012, Howard Payne University announced plans to build a university campus in the planned Veramendi development, and are currently offering MBA classes to the community. The New Braunfels Mayor’s Higher Education Task Force continues to develop a plan for higher education offerings in New Braunfels and Comal County. By working closely with Alamo Colleges/CTTC, Howard Payne University, Texas Lutheran University, and Wayland Baptist University, they aim to provide current and future diverse curriculum to meet the needs of our community. SEPT. 2015 ENROLLMENT STUDENT / TEACHER RATIO MAY 2015 GRADUATES ATTENDANCE RATE 8,441 1/17.2 662 96% 20,264 1/16.7 1,400 95.9% New Braunfels ISD Comal ISD PRIVATE, PAROCHIAL AND SPECIAL SCHOOLS IN NEW BRAUNFELS Source: Comal Appraisal District, Four Rivers Association of Realtors PER CAPITA AND HOUSEHOLD INCOME NEW BRAUNFELS 2015 COMAL CO. 2015 HAYS CO. 2015 GUADALUPE CO. 2015 NB % CHANGE FROM 2000 Median Household Income $61,330 $67,363 $58,870 $64,343 +47% Per Capita Income $27,860 $32,788 $28,094 $27,371 +41% 24,211 45,752 67,346 50,864 +74% Median Family Income $70,813 $81,296 $78,580 $72,980 +47% % Below Poverty Level 9.7% 7.5% 14.9% 10.8% -0.7% Total Households Making Room for Future Generations Source: Census.gov, 2015 ACS 1-year survey Calvary Baptist Academy Cross Lutheran School New Braunfels Christian Academy St. John Paul II Catholic High School Sts. Peter & Paul Catholic School NEARBY COLLEGES/UNIVERSITIES Howard Payne University Texas Lutheran University in Seguin, 13 miles east Texas State University in San Marcos, 16 miles north Wayland Baptist University COLLEGES AND UNIVERSITIES IN SAN ANTONIO* HOUSING MEDIAN HOME PRICE: $235,000 PROPERTY TAX RATES # Renter-occupied units 7,626 Median cost (dollars) $988 Source: Census 2010-2014 ACS City of New Braunfels $0.498230 Comal County $0.342921 Comal ISD $1.39 # Housing units with a mortgage 14,201 New Braunfels ISD $1.33910 Median cost (dollars) State of Texas $0.00 Total tax rate if in CISD $2.23 Total tax rate if in NBISD $2.151651 MEDIAN COST & MORTGAGE RATES LESS THAN $199K 28.05% $200-499K 70.12% $500K+ 1.83% Source: July 2016, Four Rivers Association Realty Ad Valorem Taxes by Taxing Authority Rate per $100 Valuation on 100% of Current Market Value Source: Census 2010-2014 ACS $1,371 Sales tax: (6.25% state, 1.5% city, .5% county) 6 8.25% NO PERSONAL OR CORPORATE INCOME TAX IN TEXAS (36 Miles south of New Braunfels) Our Lady of the Lake University San Antonio College St. Mary’s University The University of Texas at San Antonio Trinity University University of the Incarnate Word (TX Avg 95.5%) PROPERTY TAX COMPARISON PER $100 VALUATION Bastrop ISD $1.44 Hays/Buda ISD $1.53 COMAL ISD $1.39 NBISD $1.33 NEISD (San Antonio) $1.41 Pflugerville ISD $1.54 Schertz ISD $1.49 Seguin ISD $1.41 $0.00 $0.50 $1.00 $1.50 $2.00 *This list does not include all campuses in the San Antonio area. CENTRAL TEXAS TECHNOLOGY CENTER (CTTC) Located in New Braunfels, The Central Texas Technology Center (CTTC) provides higher education opportunities and serves as a regional workforce development campus for New Braunfels, Seguin and the surrounding areas. The Center offers a wide range of academic, technical, and continuing education programs, and includes associate degrees from The Alamo Colleges. Students can complete licensing and certification requirements in many trade programs through specialized curriculum. Funded originally by a 2002 EDA grant and local development boards, the CTTC recently acquired a new $1.25 million EDA grant in 2014, voter-approved $4 million from the 2013 New Braunfels Bond Program, and local funds from New Braunfels and Seguin EDCs. The approved money was used to fund a 30,000 sq. ft. expansion of the CTTC, doubling its current footprint to add capacity for additional students and opened for classes in September 2016. 7
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