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community has a comparatively higher proportion of households wh <br />spending at least 30 percent of their monthly income on rent. <br /> <br />In February 2009, the City of San Marcos facilitated its fifth annual <br />Community Summit and Visioning Process. Stakeholders agreed upo <br />vision for the community and prioritized key initiatives that sh <br />undertaken to achieve this it. The highest priorities include: <br />development, protection of the environment, and collaboration between <br />public entities. Stakeholders in the process also expressed a desire for the city <br />to be proactive and visionary in its approach to land use. <br />Target Business andWorkforce Analysis <br />Market Street identified the most promising target clusters for Greater San Marcos to <br />pursue as it moves forward with this strategic planning process: <br />Corporate and Professional Operations, Material Science and Adva <br />Manufacturing, and Supply Chain Management. Ultimately, these tats were <br />selected because they have the potential to provide job opportunities for a wide range <br />of income and skill levels and contribute to a stronger, more di <br />economy. These target clusters do not preclude other industries from locating or <br />expanding in Greater San Marcos; rather they specifically pursue the highest and best <br />use of the region’s current and future resources. <br /> <br />In addition, Market Street identified three special opportunity areas which benefit the <br />local economy: Tourism, Downtown Development, and Green Industries. <br /> <br />The Target Business and Workforce Analysis also contained findings from Market <br />Street’s evaluation of Greater San Marcos’ workforce. Key findings from this research <br />include: <br /> <br />In terms of workforce availability, the presence of Texas State University does <br />not guarantee that Greater San Marcos has the abundant, immediate <br />workforce needed to sustain its target industries. Compared to national <br />dynamics, the region has a slightly higher proportion of 25-34 year olds, but <br />smaller proportions of entry-level (18-24) and more experienced (ages 35-44, <br />45-54, 55-64, and 64-69) workers. <br /> <br />Compared to the state and the nation, Greater San Marcos is in a <br />competitive position in terms of educational attainment. In 2007, an <br />estimated 34 percent of local adults ages 25 and older held an A <br />degree or higher compared to 31 percent in Texas and 35 percent n <br />However, it is important to note the stark differences between Hays and <br />Caldwell counties – 11 percent of Hays County residents lack a high school <br />diploma compared to 26 percent in Caldwell County. <br /> <br />Educators, employers, and economic development professionals have nearly <br />unanimously agreed that the local presence of a community colleg <br />the region’s long-term economic health. Currently, the gap in educational <br />Final Strategy <br />September 2009 8 <br /> <br />