There are several factors to consider when making the decision to establish or expand a business. Where you choose to locate is equally as important as how you choose to grow, and every location has something different to offer. Things like solid infrastructure, access to talent and business resources and affordability all come into play when you are preparing to guide your business into a new stage of growth.
Companies seeking an economic climate that allows their growing businesses to thrive find themselves drawn to Texas — a state with the world’s 9th largest economy and 18 consecutive years as the best state for business in the nation. Located in the heart of Central Texas, the Temple community benefits from Texas’ healthy business climate while offering a blend of convenience, affordability and access to skilled talent.
Read on to learn more about the competitive advantages of doing business in Central Texas’ next frontier.
Shovel-ready land and commercial real estate in Central Texas
Without the right resources, finding the perfect site for a business expansion can be a challenging task. With more than 1,500 acres of shovel-ready land available in Temple — including four industrial and business parks owned by the Temple Economic Development Corporation (Temple EDC) and Class A office space at competitive real estate costs — finding your fit in Temple is a straightforward process.
The cost savings don’t end when you break ground. Texas was also ranked as one of the lowest cost energy states by WalletHub in 2022, meaning your bottom line will benefit long after your facility is up and running.
A business climate ripe with opportunity
Nonprofit organizations like Temple EDC exist to further economic development initiatives in the Central Texas region. As the Temple community continues to grow and evolve, Temple EDC helps to drive long term prosperity for the city’s businesses and residents.
Through the Business Retention and Expansion Program, Temple EDC builds relationships with local companies and provides networking opportunities that help generate new business opportunities. The organization also plays an active role in workforce development and training, education and infrastructure investments to ensure growing businesses are backed by a robust support system.
Customized training for businesses
Workforce training programs and continuing education courses are available at eight institutions throughout the greater Temple region. From healthcare to manufacturing, businesses seeking in-demand skills can find them among Central Texas’ talent pool.
Thanks to a collaborative business community, companies also have the option to work with local institutions like Temple College to build customized training programs that fit their specific needs.
Accessible location and quality infrastructure
Texas was ranked among the top five states for driving conditions by WalletHub in 2022, and with its rich history as a pioneering railroad town, Temple is known for its stellar transportation infrastructure.
Well-maintained roads and a smaller population than major metropolitans mean access to less congested routes. Concurrently, Temple’s central location and connections to I-35 and I-14 provide seamless access to major cities like Dallas, Austin and Houston. Whether its air, road, maritime port or railway, Temple offers strong multimodal logistics for both businesses and commuters in the region.
Diverse talent that drives innovation
Companies rely on top talent to drive growth and productivity, and having a diverse workforce helps strengthen a business’ competitive advantage. Temple has a much higher diversity score than other U.S. cities of its size, cultivating a talent pipeline that spans generations, races and genders. The workforce in Temple is also fed by the more than 300 veterans that separate from nearby Fort Hood each month, creating a dependable source of talent with diverse perspectives and skills.
Companies seeking an economic environment poised to support long-term growth will find that and more in the Temple community. Interested in expanding in Central Texas? Contact us to discuss what growing your business in Temple could look like.