The Economic Development Board of Coryell County is very pleased to release our strategic plan to the public. Countless hours have been invested in order to improve the economic landscape of Coryell County and increase the quality of life for its residents. On this page you can find summary information or you may download the entire plan by clicking here.
The foundation of Coryell County’s economy lies both in its natural resources and in the Fort Hood military installation which occupies a third of the land area and provides employment for a third of its residents. The dominance of Fort Hood, and secondarily the state prison network, located in Gatesville, has not lessened the need for stronger, broader industry mix and greater employment opportunities in the County. Together the County Commissioners and the County Economic Development Board recognize this need to diversify the economy to create greater opportunities for residents and to draw in new investment.
There is untapped potential within the County. Coryell has a growing, younger population, and a labor force enhanced by the soldiers exiting Fort Hood, both of whom are better educated than the state average. Coryell has quality educational and technical training opportunities for residents and business needs. Development costs are low and access to transportation corridors is good. The aim of this plan is to harness the favorable demographics and fortunate geography.
There is a recognized need for directed efforts to attract new businesses, to enhance the County’s image and foster long-term growth. We have envisioned the County as a hub for defense, agricultural, logistical and renewable energy businesses within the Austin-Waco-Dallas/Fort Worth corridor. Specifically, we have identified seven areas the County can leverage existing assets and the existing knowledge base to make the area attractive to these industries:
++ AGRICULTURE, CATTLE, LIVESTOCK FOOD PRODUCTION
++ LIGHT MANUFACTURING
++ LOGISTICS SERVICES
++ APPROPRIATE RETAIL
++ RENEWABLE ENERGY PRODUCTS
++ MILITARY DEFENSE INDUSTRIES
Using regional analytical techniques, we established the County’s strengths and competitive advantages to attract and grow each industry. Efforts in attraction will also have the effect of enhancing the existing local economy. For instance, increasing job training in “soft skills” will benefit existing businesses and increase the ready labor pool.
Before fully implementing the recommendations contained within this report, the County must consider how economic development functions will be managed and the roles, coordination and responsibilities of the many entities. Strengthening a dedicated central organization, whether it be a formal organization, partnerships or an alliance, will help strengthen the effectiveness of programs which help grow the economy. Coryell County is poised to become competitive within the region and within the state of Texas to become a place where business will find it advantageous to grow.
Coryell Location Quotient
Download the Coryell County Economic Development Plan