The Texas Innovation Corridor encompasses the areas in between the Austin and San Antonio metropolitan areas along Interstate 35 and SH130. This region includes the communities of Buda, Dripping Springs, Kyle, Lockhart, Luling, San Marcos, Uhland, and Wimberley. Its innovative ecosystem developed unexpectedly and doesn’t show any sign of slowing down.
But why is growth booming in the Texas Innovation Corridor?
Texas does not have a state income tax, offers low taxes, low business costs, and a regulatory system that is balanced and fair. The Greater San Marcos Region sits at the heart of the Texas Innovation Corridor and offers a talent pool of over one million people. Continued growth in the area also has three main benefits for the people living in the region: tax revenue, jobs, and access to goods and services.
In addition, San Antonio and Austin are considered technology hubs. Austin alone is regarded as the next Silicon Valley due to its 6,500 high-tech companies and 85 incubators, accelerators, and co-working spaces. But many companies are choosing to build outside the two large metros into the growing communities along IH 35. Amazon, for example, uses the transportation infrastructure to its advantage. Amazon operates out of two locations in Hayes County, a newly built 855,000 square-foot fulfillment center in San Marcos and a leased 307,840 square-foot facility in Kyle, Texas.
What Businesses Moved to the Greater San Marcos Region?
The Texas Innovation Corridor shows sustainable business growth as Hays County remains one of the fastest-growing counties in Texas. It currently hosts more than 240 supply chain-related businesses with more than 12,000 local employees. Amazon, Best Buy, and Texas State University are among the prominent organizations located in the corridor. In addition, Texas State has been designated an Emerging Research Institution and is the most significant influence of innovation in the area. Specific industries thriving in the Innovation Corridor include aerospace and aviation, security and defense, material and life sciences, information technology, and product distribution.
Why is the Innovation Corridor ripe for commercial construction?
The attractiveness of the Texas Innovation Corridor is only improved by the availability of real estate. Undeveloped pieces of land are widely available, presenting opportunities for businesses to optimize their location by utilizing ground-up construction. Ground-up construction allows companies to have the perfect match of facilities to meet their needs.
Additionally, many buildings already located in the area are ripe to be repurposed to fit the needs of businesses growing in the area. The Greater San Marcos Region offers businesses space to build and easy access to ground and air transportation.
How Can We Help Your Business?
Building in an expanding metro area can seem daunting as businesses don’t know where to start. S. Watts Group is here to simplify the whole process from start to finish so that our clients can be confident that they are building the best home for their business. We pride ourselves on being a local, Central Texas company and will maximize all of our local connections to help our clients create the perfect building to meet their needs.
Our San Marcos team are experts in several commercial construction development needs, including:
- Tenant Interiors
- Ground-up Development
- Healthcare Environments
- Retail & Restaurant Spaces
- REtrofit & Remodels
- Sustainable/Green Engineering
- Manufacturer Warehouse
We are currently working on several projects in the Texas Innovation Corridor. We invite you to follow us on LinkedIn to see our work!