San Antonio Overview
Home of the historic Alamo and rich Texas history, San Antonio has achieved staying power as one of the most attractive environments for business in the United States because of the wealth of opportunity throughout the area, educated workforce and friendly business climate. San Antonio is dedicated to sustaining its major industries such as healthcare and biosciences, aerospace, information technology and cybersecurity and new energy.
San Antonio’s location is ripe with strategic geographic assets including Port San Antonio and Foreign Trade Zones; its accessible location between the east and west coast make it a prime destination for expansion, relocation or a new business start-up.
More than half of the trade flow between Mexico and the United States travels through San Antonio, a fact which underscores the importance of the city’s strategic location. San Antonio is at the crossroads of major interstate highways and railroads serving both coasts, as well as the NAFTA corridor. Its proximity to the Port of Houston and direct access to other major ports, such as Long Beach and Mexican port Lazaro Cardenas, further facilitates trade. In addition, the logistical functionality of your business may be enhanced through Port San Antonio, a multimodal logistics hub and business platform catering to Fortune 500 companies such as Boeing and Lockheed Martin.
City Public Service (CPS) Energy is a municipal utility operating under a Board of Trustees and owned by the City of San Antonio. CPS provides metropolitan business customers with a reliable electrical power system with a 20% reserve generation capacity year round and industrial power rates below the national average. The power company has experienced an outstanding record of reliability over the past 60 plus years of its existence. CPS uses eight power plants that operate coal, nuclear, gas/oils fuels and wind, with a current generating capacity of 5,727 MW. The annual average electric rates for industrial users in San Antonio are the lowest of the major cities in Texas and among the lowest in the nation.
San Antonio has a range of growing educational institutions, sustaining a skilled workforce to support San Antonio’s continued economic growth. Ranging from community college options like Alamo Colleges to nationally recognized private universities like St. Mary’s, San Antonio’s institutions of higher education satisfy its growth and industry needs.
The University of Texas at San Antonio (UTSA) is aggressively pursuing Tier 1 Research Institution status by adding students, growing research dollars and recruiting talented professors. As UTSA continues to grow, San Antonio is also home to a regional Texas A&M University Campus, making San Antonio the only city in the State of Texas to have a major presence of both the University of Texas and Texas A&M University systems.
Information provided by the San Antonio Economic Development Foundation:
San Antonio MSA Annual Averages
Source: Bureau of Labor Statistics