The business center of San Antonio is emerging as the Long Star’s state’s best-kept secret which is south of the state capital. It is located in a business-friendly, culturally rich area. It’s been characterized by Forbes, Business Insider, and Entrepreneur Magazine as “America’s next boomtown.” Also a mecca for young graduates, entrepreneurs, and companies of all sizes looking for an ideal business environment and a high standard of life.
The business center of San Antonio is the seventh-largest city in the nation. The city is home to many Fortune 500 companies. Those in GM Financial, H.E.B., Front Bank, The Hartford, Rackspace, Boeing, Lockheed Martin, Toyota USAA, Wells Fargo, and more. They are all significant companies with headquarters or footprints in San Antonio. Over the past 20 years, it has proved to be one of the most sturdy cities in the U.S. San Antonio has pillars of health care, education, and military spending. The city’s economy has stayed strong even during nationwide economic downturns. During the 2008-2009 Great Recession, as an example, San Antonio lost only 0.6% of its jobs, while Texas overall lost 1.1 percent. The nation lost 5.1 percent, according to JLL.
The question is what makes San Antonio more desirable than other Texas markets? Because San Antonio has a big, very educated, heavily bilingual workforce that grows every day, with new graduates and high net immigration from other states. Most recently, the company Pabst Brewing relocated from Los Angeles to San Antonio to get significant talent available at a lower cost. San Antonio is an attractive place to do business than other cities nationwide. It has an 89.9 cost-of-living index. The average cost per square foot for Class A office space is $26.81. There is more affordable housing available and a comparatively low cost of living for employees.
The Alamo City’s leadership is pro-business. It has an investment in infrastructure. The city keeps property taxes low while maintaining one of the most fiscally strong cities of its size in America. In addition, San Antonio promotes growth and investment across a varied range of employment sectors. In fact, those include aerospace, renewable energy, information technology, manufacturing, bioscience, industrial, and media and entertainment.