Texas Border Business
NerdWallet considers population, employment and income growth
San Francisco, CA (March 20, 2014) – NerdWallet, a consumer advocacy website, recently conducted a study to find the fastest growing cities in Texas – and Mission ranked eighth.
To find the fastest growing cities in Texas, NerdWallet evaluated 126 cities, towns and census-designated places and examined the following variables:
- Population growth
- Employment growth
- Income growth
“Mission’s strong population and income growth helped support the city’s spot on our list,” NerdWallet analyst Maggie Clark said. “The population in Mission increased by 20.2% between 2009 and 2012, while incomes grew by 8.2% during the same period.”
Located on the Texas-Mexico border, Mission’s median age is 30 years old, younger than the statewide median age of 33.6 years old.
The area’s largest employment field is trade, transportation and utilities, which accounted for 53,200 jobs in December 2013, according to the Bureau of Labor Statistics.
The Greater Mission Chamber of Commerce encourages small business growth in town by hosting weekly meetings with entrepreneurs and experts from the University of Texas-Pan American Small Business Development Center Network where entrepreneurs can get help with business plans, financial projections and other small business start-up questions.
Mission added more than 400 new jobs between 2012 and 2013, according to data from the Texas Workforce Commission and the Mission Economic Development Corporation.
Other places in the top 20 include The Woodlands, TX and Greenville, TX. See the full study here. For more information about NerdWallet, visit www.nerdwallet.com.
