Last year, the Chamber released the results of an economic impact analysis that evaluated our economic development project wins from 2012 to 2017. The analysis, which was performed by Impact DataSource, looked at the performance of our work through Momentum, our five-year public-private partnership that funds our economic development efforts. During the time period analyzed (2012-2017), we successfully completed 50 economic development projects. Here’s the impact those projects have had:
- Through 2017, those projects will generate an economic impact of $2.4 billion annually
- The total number of jobs created directly, indirectly, or through induced behavior was 8,273 for a cumulative workers’ earnings of approximately $1.4 billion
- The additional revenue for the community’s three main taxing entities during the four-year analysis period equals over $53 million
Our economic development efforts play a vital role in the local economy by growing local enterprises, expanding and diversifying the existing economic base, broadening the tax base, and attracting and retaining sustainable, well-paying jobs.
All that makes for a seriously good deal for Round Rock.