5 Things About the Marble Falls Economy

5 Things You MUST Know About the Marble Falls Economy

Authors:

cfletcher

If you’ve been in Marble Falls lately, you’ve seen that something is working in the way of community development. It is an exciting time for our little town on the water.

RECENT POSITIVE GROWTH INDICATORS FOR THE MARBLE FALLS ECONOMY

1. The amount of money being spent in Marble Falls right now is unprecedented.

2. Allocation reports from the Comptroller for the First Quarter of 2013 show that sales from November 2012 through January 2013 represent the highest three-month total in the community’s history.

3. Not since pre-recession spring and summer months have we seen the kind of double-digit, year-over-year increases that we are now enjoying.

4. Hotel occupancy taxes have broken records for 11 consecutive quarters. The most recent report available shows more than a 30% increase over the same period from the previous year.

5. The Development Services department reports that permits and/or valuations in the city of Marble Falls have shown year-over-year increases for the last 13 consecutive months.

NEW MARBLE FALLS DEVELOPMENTS

Much of the activity in town is related to construction projects, from the Scott & White clinic and hospital at 281 and 71 to Downtown redevelopment to the overhaul of the old Sutherland’s building.

Mother’s Day business is picking up at Cutting Edge Floral Art Design

A REASON TO ENCOURAGE POSITIVE CHANGE IN OUR TOWN

I think we can all relate to the desire to keep good things good forever—and resist any kind of change to the things that we hold near and dear—but the reality is that everything changes. Our kids grow up, our favorite TV shows ultimately go off the air, and our favorite pair of jeans eventually develops holes in the knees. In community development, the goal is to encourage positive change and establish momentum that will attract outside investment.

Business owners looking to expand or relocate their business to Marble Falls, Texas can view an up-to-date AVAILABLE PROPERTY LIST HERE.

Find out more about the Economic Development Corporation, including what services we offer, by emailing or calling us today: cfletcher@marble.risa-centos.edsuite.com or 830/798-7079.

Highlights from the TEDC Annual Conference

I just got back from the Texas Economic Development Council’s Annual Conference in Austin, where I was reminded how fortunate we are to be in Texas and how blessed we are to have the members and leadership of TEDC blazing the way to even greater prosperity.

The conference was not all fluff and optimism, but rather a good balance between new data, techniques, best practices, lessons learned, and cautionary tales. We heard from thought leaders on a variety of topics, and we used the time between sessions to discuss what was happening in each of our communities.

One highlight was when Marble Falls was recognized with a Community Economic Development Award (CEDA) in our population category for “exemplary achievement in community economic development.” I accepted congratulations from dozens of state leaders on behalf of our board and staff, who worked with the management of CorWorth Building Systems to make sure that their corporate headquarters landed in Marble Falls and not in another community.

Another highlight was the closing keynote on the state of the Texas economy by Dr. M. Ray Perryman, who was named “Texan of the Year” by the Texas Legislative Conference in 2011. I’ll close with a quote below–after all, Dr. Perryman has been called “the most quoted man in Texas”–but I’ll digress momentarily to say that someone ought to start a petition to name him the Illustrious Potentate Over All Budgets and Economic Forecasting. He is that engaging.

To conclude, I’ll share a few of my favorite quotations from the conference…

“There is greater value in cultivating talent than in cultivating industry.” – Anatalio Ubalde, CEO, GIS Planning

“Baby boomers will soon move from being capital generators to being capital consumers, creating pressure on capital systems.” – Karen Hooper, Director of Latin America Analysis, Stratfor

“Business funds everything.” – Dr. David Summers, Associate Professor of Management, University of Houston-Victoria

“The road does not create growth; growth justifies the road.” – Duane Gordy, Executive Director, Real Life Community Development Corporation

“(Congress) is twenty-five cents short of a quarter on being able to cut the debt ceiling.” – Dr. M. Ray Perryman, President, The Perryman Group

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