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 opportunities throughout the area such as an educated workforce and a business friendly climate. San Antonio cultivates a business environment by:
- Making historic investments in infrastructure, while remaining one of the more fiscally strong cities of its size in the U.S.
- Securing voter approval in two bond elections for over $1 billion in investments in infrastructure, roads, libraries and fire between 2010 and 2020.
- Keeping property taxes low for its citizens. San Antonio was among very few cities in the U.S. that lowered property taxes in 2009.
San Antonio is dedicated to sustaining its major industries:
San Antonio is accessible between the east and west coasts and the Gulf of Mexico; which makes it a prime destination for expansion, relocation or a new business startup. Some of its strategic geographic assets include:
In 2012, San Antonio was the only U.S. city with more than 1 million people to receive a AAA General Obligation Bond rating by the three leading financial rating agencies, Standard & Poor's, Fitch, and Moody's.
To better serve the business community, in 2011, the City of San Antonio partnered with the San Antonio Economic Development Foundation (SAEDF) to create a dynamic public and private partnership to recruit companies to San Antonio, retain and expand existing local companies and foster economic prosperity in the area. The SAEDF handles a large component of marketing San Antonio as a haven for business development. One of the tools that are available for prospecting businesses is the San Antonio Site Locator (SASL). For more detail visit SAEDF and the SASL.
An important component of our effort to bring jobs, investments and companies to San Antonio is our use of City and State financial incentive tools (LINK TO http://www.sanantonio.gov/EDD/DevelopmentOpportunities/Incentives.aspx), such as:
- Tax abatements
- State Enterprise Fund
The City also works closely with various community partners such as, San Antonio Water System (SAWS), CPS Energy, Alamo Colleges, and Workforce Solution Alamo to provide additional incentives to companies by waiving utility set-up fees, and providing training opportunities to address a company’s workforce needs.
UTILITIES & INFRASTRUCTURE
- 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 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 Water System is also a City-owned utility with very competitive rates and outstanding reliability. SAWS is currently negotiating contracts for additional supplies, including aquifer and surface water, as part of the metropolitan area’s development and implementation of a water resource plan that will ensure water supplies for the next 50-100 years.
For more information on obtaining higher education trainings, demographics, workforce and major industries in San Antonio, visit the Alamo Colleges and Workforce Solution Alamo..