TexAmericas Center census report reveals hundreds of new jobs, $48.5 million in payroll

TEXARKANA – Results from the TexAmericas Center’s annual employment and payroll census show an increase in the number of new companies coming to the industrial park, an increase in the number of jobs there and a high retention rate for tenants.

The Company conducts an annual survey of tenants and businesses to assess its impact on the Greater Texarkana area. The nationwide rated industrial park has settled 11 new companies in 2022, which corresponds to an increase of 22 percent compared to the previous year. Companies added 218 jobs, a 263 percent increase from 2021, according to the report.

Meanwhile, the TexAmericas Center recorded a 91 percent retention rate last year, up from 74 percent in 2021.

The 2022 census also returned a reported total payroll of $48,547,478 for the combined presence.

“We are extremely pleased to release this report, which exemplifies our hard work and commitment to growth in the region,” said Scott Norton, Executive Director and CEO of the TexAmericas Center. “The contributions the TexAmericas Center is making to growing our economy and supporting businesses are unmatched – and will be a catalyst for future growth in the greater Texarkana region.”

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Other highlights of the report include:

• A 40 percent increase in the number of companies on TAC in five years – growing from 32 companies in 2018 to 45 in 2022.

• A 16 percent increase in job growth over the past year, with a total of 763 jobs in 2022, of which 506 are non-Red River Army Depot employees.

Norton said the attractiveness of jobs and industry to Texarkana and TAC can be attributed to low corporate taxes, regulatory climate and talent availability.

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“Job growth is very important for a local economy,” he said. “Each year, our high schools, colleges and universities recruit thousands of people into the local workforce. At best, however, the Texarkana area creates hundreds of jobs, so every year we tie workers to growing job markets like Dallas-Fort Worth and Little Rocks.

“Creating our own jobs, and especially high-quality jobs that pay at or above the average wage in the Texarkana area, means our children don’t have to leave Texarkana to get good jobs and young adults who do leave Texarkana have, be able to come home.”

Norton said TAC’s research showed that the combined Red River Army Depot and Lone Star Army Munitions Plant employed over 30,000 people at its peak in the summer of 1969. Now there are about 3,000.

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“Job creation is the difference between a growing economy and a stagnant and shrinking economy,” Norton said.

The TexAmericas Center will soon be making announcements regarding its state-of-the-art building, expansion of existing tenants and onboarding new employers in 2023. In addition, the organization will add more job creation products, including building refurbishment, a new business park, and more certified sites.

With approximately 12,000 acres of development-ready land and approximately 3.5 million square feet of commercial and industrial products, the TexAmericas Center serves four states – Arkansas, Louisiana, Oklahoma and Texas.

“The mission of the TexAmericas Center is job creation and redevelopment of the former DOD property,” said Norton. “There is no other entity or organization like us. We offer a complete toolkit to help a business stabilize and continue to grow.”

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