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City officials see steady business, tourism and film numbers in 2025 economic indicators report
Summary
Economic development staff presented the city’s 2025 economic indicators: business-license growth, low industrial vacancy, rising health‑care employment, steady tourism with sizable overnight ‘leakage,’ and an estimated $12.1M local economic impact tied to filming in 2025.
Economic development staff presented a data‑heavy 2025 Economic Indicators report to the City Council on March 10 that Mayor Dr. Sanchez Palacios and councilmembers characterized as a timely baseline for budget planning and targeted investments.
Meredith Hart, economic development manager, introduced the presentation and highlighted new staff and data tools. Caitlin Garcia, data analyst, reported business‑license growth (about 6,000 commercial businesses, a 7% increase from 2024), low industrial vacancy (2.5%–3.5%), and a labor force near 58,000 with an annual unemployment rate of 4.3% in 2025. Garcia said health care and social assistance was among the fastest‑growing sectors (adding…
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