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AIRPORT MASTER PLAN
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<br />TABLE 3-4
<br />EMPLOYMENT DATA
<br />United States Texas Hays and Caldwell County
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<br />Annual Annual Annual
<br />Number of Number of
<br />Number of Payroll Payroll Payroll
<br />Establishments Establishments
<br />Year Establishments ($1,000) ($1,000) ($1,000)
<br />2005 7,499,702 $4,482,722,481 497,758 315,809,126 3,176 934,012
<br />2006 7,601,160 $4,792,429,911 509,080 347,735,827 3,260 1,019,068
<br />2007 7,705,018 $5,026,778,232 521,408 373,037,029 3,604 1,112,802
<br />2008 7,601,169 $5,130,509,178 522,336 394,696,044 3,596 1,186,055
<br />2009 7,433,465 $4,855,545,239 519,028 376,646,791 3,630 1,170,949
<br />2010 7,396,628 $4,940,983,369 522,146 386,653,791 3,720 1,235,602
<br />2011 7,354,043 $5,164,897,905 525,420 414,113,062 3,741 1,338,651
<br />2012 7,431,808 $5,414,255,995 537,839 446,679,425 3,981 1,505,347
<br />2013 7,488,353 $5,621,697,325 547,190 468,417,086 4,094 1,587,994
<br />2014 7,563,084 $5,940,186,911 557,721 501,456,595 4,240 1,711,536
<br />2015 7,663,938 $6,253,488,252 569,091 521,095,797 4,431 1,862,309
<br />2016 7,757,807 $6,435,142,055 579,168 526,782,643 4,638 1,986,636
<br />AAGR0.31% 3.96% 1.49% 6.07% 4.18% 10.25%
<br />Source: US Census County Business Patterns Survey
<br />Both tables show significant and steady growth in job numbers, number of
<br />establishments (e.g. places of employment), and annual payroll. Again, Hays and
<br />Caldwell counties (combined) show the highest rate of growth in every category
<br />closely followed by the Austin-Round Rock MSA and the San Antonio-New Braunfels
<br />MSA. This information indicates that the economy of the region where the San
<br />Marcos Regional Airport is located has grown rapidly in recent years.
<br />While historic employment data can provide an indication of recent economic
<br />growth within a region, it is important to evaluate future projections of employment
<br />growth to identify whether those trends are expected to continue in the future.
<br />Employment growth projections within the State of Texas are developed by the
<br />Texas Workforce Commission (TWC) for various Workforce Development Areas
<br />(WDAs). WDAs are composed of multiple counties with close economic ties.
<br />Table 3-5 shows forecasted employment growth in the following WDAs:
<br /> Rural Capital WDA Composed of the counties surrounding Travis County
<br />including Hays and Caldwell County
<br /> Alamo WDA Composed of counties in the San Antonio-New Braunfels Area
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<br />Activity Forecasts Chapter Page 6of 36
<br />October 2020
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