The past month has been an absolute whirlwind of positive regional and national press for Waco. It is safe to say we are experiencing a dramatic turn-around in our community, the seeds of which were planted by thoughtful leaders years ago.
Let’s just look at the examples of Waco being in the regional or national spotlight in the past 30 days.
- Baylor University’s football team is 9-0 and Waco will host ESPN’s College Gameday on Saturday, November 16th.
- The Texas Chapter of the American Planning Association held their annual conference in Waco and set a record for attendance.
As great as these nationally significant stories are, some of our best victories get hilariously crowded out by Chip teaching Jimmy to two-step.
This includes the more than $100 million in new construction occurring downtown and an additional $200 million anticipated by 2022.
Businesses are sprouting up all over the central city and the entrepreneurial spirit is simply electric.
Some of the most impactful big money moves include:
TFNB is opening a new full service location in 2020 in East Waco
TFNB, the oldest bank charter in McLennan County, has purchased a building on Elm Avenue and will open a full-service financial location in 2020. TFNB will be the first bank in the pre-dominantly African American East Waco in almost 90 years.
L-3 / Harris has been awarded a $500 million C-130 modernization program
L-3 is re-energizing their Waco facility, which includes more than 1 million square feet of aerospace manufacturing space on the campus of the Texas State Technical College (TSTC) campus. The site currently includes more than 800 full-time employees and 100 contractor positions.
The recent contract win is proof of their commitment to Waco and shows great days are ahead for advanced manufacturing in Waco.
Key Funding from the TIF Board to continue supporting East Waco Revitalization
The Tax Increment Financing (TIF) Board recommended more than $6.1 million in new improvements to occur in East Waco. The awarded projects compliment the prior investments in streetscape, infrastructure, and facade improvements along Elm Avenue.
As I said, Life is Good in Waco, but we still have work to do. We have a robust economy that is at all-time highs.
But this record economy hasn’t quite hit all corners of our community.
Hear me….there are still pockets of the City experiencing elevated rates of poverty, unemployment, and health disparities. That is why the Mayor and City Council have led out talking about equitable practices and strategic economic development.
Now is the time to ensure the turn-around impacts all of Waco.
Stay tuned to hear more about our efforts in equitable practices.