The year 2009 started with the country in an economic downturn. In spite of that, Burleson County and the City of Caldwell continue to show significant economic progress.
In Caldwell, sales tax rebates continue to be increasing for the third straight year as compared to the corresponding months in the prior years. Per capita income is staying relatively high for a rural community. Unemployment rates are very low, and in fact, lots of Caldwell jobs are being filled by commuters from outside coming to Caldwell to work.
New construction has not slowed, and home builders are again building houses speculating on there being buyers. Retail prospects are not only contacting us, but coming in to check availabilities. Small industry is being added.
Why does Caldwell continue to prosper, even during bad times? We think there are 4 reasons:
(1) The boom of the oil industry. This is benefitting many Texas communities.
(2) Our proximity to Bryan/College Station, whose economy also is very sound.
(3) Fast growing traffic counts. We now have reached that magic number of 30,000 vehicles on an average day, which retailers love to see.
(4) Good quality of life: good Class AAA school is just the right size; hospital; airport; very good parks; close to B/CS shopping & entertainment opportunities; low cost of living; sound reliable city infrastructure (including city-owned lower cost electric company, paved streets, constant upgrading of water/wastewater systems; city’s own sanitation department.