San Antonio Economy

San Antonio has a thriving economy and was ranked fourth among large cities for doing business in America, by Inc. magazine, 2004. San Antonio has developed a good and stable economy from its military bases, educational institutions, and medical research complex. Medical research facilities in San Antonio include the UTSA Health Science Center, Southwest Foundation for Biomedical Research, Texas Research Park, Wilford Hall Medical Center at Lackland and Brooks Air Force Base, and the Brooke Army Medical Center. With its mild climate and many amenities, San Antonio is a favorite retirement spot for Texans. It was chosen as one of the “Great Places to Start a Business in Retirement,” by Where to Retire magazine in 2004. San Antonio boasts a fast-growing economy and a strong workforce. There has been nothing but job growth for 12 straight quarters and wages are climbing faster here than any other cities in Texas.

The aerospace industry has had a great economic impact on the city and includes companies that manufacture aircraft equipment and parts, service, and repair aircraft, produce and distribute transportation equipment and supplies, and provide both scheduled and unscheduled air transportation.

With all of its tourist attractions and historicism, tourism is also plays a very important part in San Antonio’s economy. People come from all over the nation to see the Alamo, the Riverwalk, Six Flags Fiesta Texas, Sea World, and all of the other cultural places in the city. Tourism is actually the second largest industry, with over 80 million people visiting the city every year. The industry employs over 86,000 people and generates over $7.2 billion per year.

Toyota Motor Corp. opened a plant in San Antonio in 2003. The $850 million dollar plant has employed over 2,000 high-wage workers and attracted many of its suppliers to build in the city as well.

Valero Energy Corp., USAA, Tesoro Petroleum Corp. H-E-B Supermarkets, Clear Channel Communications, SBC Communications, and Southwest Research Institute all have their headquarters located in San Antonio.

More San Antonio Economy Resources
PDF San Antonio Area Economic Summary
San Antonio Area Economic Summary Unemployment rates for the nation and selected areas Over-the-year changes in employment on nonfarm payrolls and employment by major industry sector.

San Antonio, Texas Economy – Best Places
The economy in San Antonio, Texas San Antonio has an unemployment rate of 3.3%. The US average is 3.7%. San Antonio has seen the job market increase by 1.6% over the last year.

San Antonio: Economy – Major Industries and Commercial …
The San Antonio Economic Development Foundation is a not-for-profit organization, founded and supported by the business community of San Antonio for the purpose of recruiting new manufacturing, office, research and development, warehousing, and distribution operations to San Antonio.

San Antonio-New Braunfels, TX Economy at a Glance
Data extracted on February 18, 2021 Source: U.S. Bureau of Labor Statistics Note: More data series, including additional geographic areas, are available through the “Databases & Tables” tab at the top of this page. Geographically based survey data available from BLS: Employment & Unemployment. Employment, Hours, and Earnings from the CES survey (State and Area)

Economic Development Home – San Antonio
Economic Development Department City Tower 100 West Houston Street, 19th Floor San Antonio, TX 78205 Phone 210.207.8080 Hours Monday – Friday, 8:00 am – 5:00 pm

San Antonio Economic Indicators –
About San Antonio Economic Indicators. Questions can be addressed to Judy Teng at San Antonio Economic Indicators is published every month on Thursday after state and metro employment data are released.

San Antonio Economy | TPR
San Antonio Economy. Mayor Nirenberg Wants To Get San Antonio ‘Ready To Work’ In The Wake Of COVID-19. Kathleen Creedon, This November, San Antonio voters will decide whether to approve the “SA Ready to Work” initiative that would promote workforce development in the wake of the coronavirus crisis, which wiped out more than 60,000 area jobs. On …

San Antonio – Wikipedia
San Antonio has a diversified economy with a gross domestic product (GDP) of approximately $121 billion in 2018. San Antonio’s economy focuses primarily on the military, health care, government-civil service, financial services, oil and gas, and tourism.

San Antonio Economic Development Corporation (SAEDC)
The San Antonio Economic Development Corporation (SAEDC) is a 501 (c) (3) non-profit whose mission is to focus on creating jobs and promoting long-term economic growth specific to the San Antonio regional business ecosystem. The SAEDC seeks to help grow current businesses, create new start-up companies, and attract new business to the area.

Home – San Antonio Economic Development Foundation
Our economy is strong and resilient. Diverse industries and fast, strategic growth keep it that way through the toughest times. Our military heritage, cybersecurity dominance, and thriving tech, manufacturing, and bioscience sectors against a backdrop of art, recreation, and culture create a one-of-a-kind place to build a fortune and enjoy it.

Leading SA: San Antonio Chamber of Commerce CEO says …
Leading SA: San Antonio Chamber of Commerce CEO says the diversity of SA’s economy is its blessing The Chamber of Commerce has several initiatives in the works SAN ANTONIO – Families, businesses and…

San Antonio | Facts, History, & Points of Interest …
In addition to the military, major components of San Antonio’s economy are education, health care, and medical research, business and financial services, and—most importantly—tourism. Manufactures include aerospace equipment, textiles, semiconductors, industrial machinery, and shoes; there are also oil refineries.

San Antonio Economic Indicators –
The San Antonio Business-Cycle Index —a broad measure of economic activity in the metro—declined 1.6 percent in September (Chart 1). This contraction can be attributed to the recent rise in the unemployment rate and the slight net decline in jobs in September.