When considering the ideal location for your business to expand or relocate, site selectors know there are a myriad of factors that are weighted in each decision. Availability of real estate and property, location, workforce training, cost of business and utilities, state and local taxes, and infrastructure are among the diverse variables that influence each project. In order to assist in the process, we have compiled a list of what site selectors need to know about Lubbock, Texas.
Lubbock has a plethora of available real estate, whether it be a speculative building like the Lubbock Logistics Center II or shovel-ready sites such as those found in the Lubbock Business Park and surrounding areas. It is necessary to find the right property that fits all of your company’s needs. From proximity to the Lubbock Preston Smith International Airport or rail service, to the necessary acreage and other utility needs, The “Hub City” offers multiple options for all inquiries.
Location and Transportation Infrastructure
The “Hub City” is a central location throughout the United States, which makes it an attractive location for businesses transporting goods – whether it be through air, train or truck. With a robust manufacturing industry, Lubbock’s access to Interstate 27 and five major highways connects it with major metros like Dallas. Businesses will find Lubbock to be an economical option that provides companies with the resources needed to succeed.
Lubbock is known to have a talented and skilled workforce that is well-equipped and educated from local educational institutions like Texas Tech University and Lubbock Christian University. Recently, The Wall Street Journal ranked Texas Tech graduates ninth nationally in workforce preparation. Additionally, the Lubbock Economic Development Alliance partners with the Lubbock Coding Academy to offer training for citizens who are looking to make a career move into the technology industry. An emphasis on certification programs is placed on local middle and high schools by investing in the career and technical education classes offered to regional school districts. With nearly 10,000 graduates entering the workforce every year, businesses have access to a pipeline of diverse, educated workers.
Affordable Cost of Business and Living
Being the hub of the region, Lubbock creates opportunity for its business community and citizens at an affordable cost. Whether it be the price of adding infrastructure, utility use or anything in between, no opportunity is hindered because of the expense. Lubbock’s cost of living has also been consistently rated below the national average, providing citizens with the means to purchase homes and establish a good quality of life in West Texas. In fact, Lubbock is first in Texas and 14th nationally for millennial homeownership, according to ImproveNet.
As the “Hub City”, Lubbock is the epicenter for opportunity in West Texas. Major industries include healthcare, technology, manufacturing, agriculture and education. No matter your company’s background or field, we are confident you will find Lubbock to be the ideal business community to relocate or expand your business.
If your company is considering making its next move, visit lubbockeda.org for more information.
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