BRYAN-COLLEGE STATION, Texas (KBTX) – Economic experts say the Bryan- College Station economy is growing, and Texas overall remains a great state for businesses to operate.
Brazos County Judge Kyle Kacal told KBTX, “Business is booming. Business is rolling, and I’m glad to be able to be here to help guide that ship in the right direction.”
Where employment has grown, unemployment has decreased across Aggieland.
Texas A&M Economic Department Head Dr. Dennis Jansen said the area is faring better than some other Texas cities.
Texas overall remains a great state to do business(Gray Media)
“The local area, by some measures, is growing faster than the average in the State of Texas,” Dr. Jansen said. “We have employment growth, we have low unemployment rates, we have real output or real GDP (Gross Domestic Product) growth.”
Dr. Jansen credited the strength of Texas A&M University, which is not only the largest employer in the area, but also a huge booster for the local tourism industry.
“We have a very strong university that can attract students and turn students away. We actually have quite a good tourism industry. It’s called ‘Texas A&M football,’” emphasized Dr. Jansen.
Nationally, Dr. Jansen said there are trends of the economy slowing down, but locally there is no need to worry
“The local economy- actually appears to be in good shape. There is some evidence of slowing at the national level, but there’s no clear indication of an imminent recession,” he assured.
Judge Kacal said the uniqueness of the BCS area makes it a destination that many come back to, whether to start a family or enjoy their retirement years.
“The amount of former students that want to move back, and/or the former students that come here every weekend- whether it’s [for] seven or eight football games in the fall, or [for] all the activities from Legends [to] Central Park. Whether it’s football, soccer, volleyball, people want to come home,” added Judge Kacal.
Jansen mentioned the nuclear reactors being built in the area and said those will really boost not just the local economy but the Texas economy overall in years to come.
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