Situated on the I-35 corridor between Austin and Dallas, the Temple region is bursting with opportunities for doing business in Texas.
Doing business in Texas means access to top-tier talent, low business costs, unmatched connectivity, and so much more. As one of the fastest growing metros in Central Texas, Temple’s skilled workforce continues to flourish with top talent across the region’s key industries.
With no shortage of assets for growing companies and entrepreneurs, Temple is the ideal locale for successful businesses to grow. Is your business considering an expansion or relocation in 2021? We’ve compiled the top five reasons to do business in Temple:
1. Growing Skilled Workforce
Temple’s diverse, skilled workforce is growing rapidly, thanks to an influx of young professionals, transitioning military personnel, and health sciences and STEM professionals. In fact, the region saw a 7% population increase between 2014 and 2019, and skilled talent continues to flock to Temple thanks to the city’s quality of life assets and robust professional opportunities.
Thanks to its geographical position in the heart of Central Texas, Temple boasts a strong talent pipeline of new graduates entering the workforce. Thanks to the region’s numerous higher education institutions, Temple’s talent pipeline flows with a constant stream of new graduates entering the workforce. The region also offers top-tier training programs for vocational workers. Learn more about Temple’s excellent workforce assets.
2. Infrastructure & Connectivity
The state of Texas ranks as the #1 State with the Best Infrastructure, and Temple is no exception. With 28 million people accessible within 2.5 hours of Temple, it’s no surprise that Central Texas is known for its excellent connectivity. With access to five airports and four rail systems, and conveniently located with unbeatable access to 80% of the Texas population by way of I-35, the region has brought its railroad town roots into the 21st century.
Companies that maintain logistics and distribution operations in Temple, which include Baylor Scott & White Health and Walmart, benefit from the region’s unmatched connectivity. Thanks to the city’s location at the crossroads of I-35 and the planned I-14, Temple connects effortlessly to the entirety of Texas, the Southeastern U.S., Mexico, and beyond. Learn more about connectivity in Central Texas.
3. Low Cost of Doing Business
Maintaining low business costs is more crucial than ever. Luckily, Temple companies benefit from low costs on real estate, land and utilities, as well as a cost of living 20.1% below the national average. Known for having one of the best enterprise funds in the nation, the state of Texas has no personal, state or corporate income tax at the state level and the region offers a plethora of statewide and local incentives for companies contributing to Temple’s economic vitality.
Learn more about taxes and incentives for businesses that choose to locate in Temple.
4. Abundance of Business-Ready Sites
No matter your business needs, your company will find room to grow in Temple, Texas. From existing top-tier office space to shovel-ready sites, the region is bursting with opportunity. The fast-growing I-35 corridor is lined with corporate campus sites, healthcare innovation districts and some of the most affordable industrial land in Texas for manufacturing and logistics and distribution operations. In late 2020, Temple EDC announced plans to purchase 147 acres inside Temple’s Industrial Park in order to provide businesses a ready-made landing pad in Central Texas.
Temple is answering the call to provide the acreage required to accommodate large-scale projects. Learn more about site selection in Temple and browse available property.
5. Quality of Life
A business is only as successful as its employees, and quality of life is an important element in talent attraction and retention. The heart of Central Texas, Temple provides the perfect intersection of a family-friendly community and the amenities of a big city – all at a cost of living well below the national average. From housing to groceries – and everything in between – living in Temple means spending less and living more, and with excellent schools, parks, and recreational opportunities the region provides the ideal mix of affordability and livability.
Thanks to the region’s ever-growing quality of life assets, talent retention is a breeze in Central Texas. For more information about living and working in Temple, visit our talent attraction site, Meet Temple.
Is your business considering an expansion or relocation to Central Texas? Get in touch with a member of our team to learn more about Temple’s assets for emerging businesses, entrepreneurs and established companies.