Manufacturing Month: WMPID has the Assets Manufacturers Need for Expansion
12 Oct 2021
Texas is a Business-friendly State
Texas, as a whole, offers a business-friendly climate that includes a highly skilled workforce, easy access to global markets, and predictable regulations. Additionally, the Lone Star State has no corporate or personal income tax.
Statistics show Texas is the state where industries such as manufacturing can flourish. For the 17th consecutive year, Texas was named the nation’s “Best State for Business,” and if you were to compare Texas’ economy to the nations of the rest of the world, it would rank 9th largest. Texas was also awarded Site Selection’s Governor’s Cup, for the 9th consecutive year. In June 2021 Texas moved significantly ahead of 2020 June reported export trade, with an increase of 60 percent: the 2021 June output total was $31.6 billion — up from $19.7 billion for 2020 June.
Texas Manufacturing Industry by the Numbers
Manufacturers in Texas account for 13.07 percent of the total output in the state, employing 7.04 percent of the workforce, according to the National Association of Manufacturers (NAM). Total output from manufacturing was $241 billion in 2019. In addition, an average of 881,000 people worked in the Texas manufacturing industry in 2020, and as reported by NAM, the average annual compensation exceeded $90,000 in 2019.
WMPID has Location and Transportation Advantages
Besides all the benefits Texas as a whole has to offer manufacturers, Westwood Magnolia Parkway Improvement District (WMPID) has clear location and transportation advantages. The District is located 45-minutes north of Houston, providing businesses with easy access to major transportation routes.
- By highway, there is direct access to I-45, a major route that runs from Dallas to Port Houston, and I-45 connects with I-69 and US 75, a transportation route that extends all the way to Canada.
- By air, the regional airport in Conroe has extended its runway to 8,000 feet and has Customs facilities for international arrivals.
- By rail, BNSF Railway and Union Pacific Railroad provide reliable shipping options.
- By sea, the Port of Houston, one of the largest and busiest ports in the world, is under an hour away.
WMPID Customizes Incentives
In addition to robust state incentives, WMPID is able to work with each and every business to customize incentives to meet their needs. Examples include financing road construction and entering into Section 380 agreements where subsequent sales tax revenues are used to reimburse development.
“Our best incentive is our willingness to help a business/entity to come here,” said Rob Eissler, WMPID Executive Director. ”We will help them with construction, infrastructure, and safety concerns.”
WMPID Provides GIS Planning Tools for Relocation and Expansion
To further simplify information gathering for relocation and expansion, WMPID has free tools to help. WMPID’s community profile can be explored here. Industry and clusters information — including business searches — can be researched through the interactive GIS Planning tool found here. Additionally, site selection information such as labor force breakdown, demographics, consumer expenditures, broadband coverage, and much more can be mapped out using the interactive GIS Planning tool found here. All of the information and maps generated can be added to a shareable custom report. Instructions for how to formulate a report can be found here.
Manufacturers in WMPID
WMPID also works to support the needs of their existing manufacturing businesses. During Manufacturing Month, WMPID celebrates these companies for their employment opportunities and innovations that grow our economy. Companies that are producing in our District include:
- ThruBore Valves, LLC
- Lincoln Manufacturing
- Knapp Fabrication
- Array Coating Technology
- Trilogy Machine Works
To learn more about manufacturing opportunities in the Westwood Magnolia Parkway Improvement District, contact us at 281-519-7779 or email us here.