LUBBOCK ECONOMIC DEVELOPMENT ALLIANCELUBBOCK, TEXAS
800.687.5330 • 806.749.4500
FOR MORE INFORMATION, VISIT
LUBBOCKEDA.ORG
TABLE OF CONTENTS
INTRODUCTION
WORKFORCE
BUSINESS
REAL ESTATE
TRANSPORTATION
MAPS
PHOTOS
-Lubbock Business Park
-Lubbock Rail Port
-TTU Innovation Hub and Research Park
-City of Lubbock
-Lubbock Business Park
-Lubbock Rail Port
-Rail Lines
THE LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE (LEDA) IS YOUR RESOURCE FOR SUCCESS.
OF A 26−COUNTY REGION
STRONG & DIVERSE ECONOMY
REGIONALPOPULATION
645,647
LUBBOCK, TEXAS THE “HUB CITY”
MSAPOPULATION
318,679
Source: 2017 Nielsen Report MSA (Lubbock, Lynn, Crosby)
REGIONAL ACCESSIBILITY
40
20
1035
45
10
4025
44
30
27
49
87 84
114
82
Albuquerque Amarillo
El Paso
New Orleans
Oklahoma City
San AntonioChihuahua
MEXICO
Monterrey
Phoenix
Austin
Ft. Worth
Lubbock
Dallas
Houston
TABLE OFIN
TROD
UC
TION
17 Minutes
11th
6.9%
30.7
$46,145
Source: 2017 Nielsen Estimate, U.S. Census Bureau 2015 Population Estimate
Average Commute Time
Largest City in Texas
Projected Growth Through 2022
Median Age
Median Household Income
A LOOK AT LUBBOCK
CITY OF LUBBOCK QUICK FACTS
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Clovis Hwy
Erskine St.
Ursuline St.
Levelland (30 Mi)
Clovis (100 miles)
Hobbs (109 miles)
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Broadway
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Lubbock Preston Smith International Airport
Regis St.
Kent St.Kent St. Mesa Rd.
Kent St.
Lubbock Business Park Blvd.
LUBBOCKBUSINESSPARK
LUBBOCKRAILPORT
Drew St.Drew St.
FM 2641FM 2641
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Reese Technology Center
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LUBBOCK IS THE PLACE TO GROW YOUR BUSINESS.
LUBBOCK’S GREATEST STRENGTH IS ITS EDUCATED, DIVERSE AND SKILLED WORKFORCE.
ENROLLMENT (FALL 2016)Lubbock Christian University 1,912South Plains College (Includes Levelland Campus) 9,459Texas Tech Health Sciences Center (Lubbock Campus) 4,625Texas Tech University 36,551Wayland Baptist University 5,065
COLLEGES AND UNIVERSITIES
THE LUBBOCK LABOR POOL
53,085
10,823
28.06%.
LABOR FORCE (LUBBOCK MSA) 158,267
Source: Texas Workforce Commission (Annual 2016) University Admissions Offices & Nielsen 2017 Estimate
Source: University Admissions Offices
Total: 57,612
LUBBOCK CHRISTIAN UNIVERSITY
* Offers 55 undergraduate majors and more than 14 graduate degrees
* Recognized by U.S. News & World Report as a Top 20 Comprehensive College in the Western Region
SOUTH PLAINS COLLEGE
* Comprehensive, two-year community college
* Innovative, educational programs spanning the arts and sciences, technical education, continuing education and workforce development
WAYLAND BAPTIST UNIVERSITY
* Four 11-week terms per year
* Classes are scheduled in flexible formats including evening, weekend, online and hybrid instruction
College Students Currently Enrolled in Higher Education Institutions in Lubbock Area
College Graduation Class of 2015-2016
Area Residents Age 25+ That Have a Bachelor’s Degree or Higher
TABLE OFW
ORKFO
RCE
WORKFORCE DEVELOPMENT RESOURCES
BYRON MARTIN ADVANCED TECHNOLOGY CENTER* 106,000-square-foot facility
* Offers customized training and technical programs
* State-of-the-art computerized testing and training services
COMMUNITY WORKFORCE PARTNERSHIP* Cooperative program that meets the training, education and information needs
of local and regional businesses
* South Plains Center for Productivity & Innovation – serves as a training resource for eligible incumbent workers and as a training and mentoring resource for eligible entrepreneurs
* Skills Development Fund Grants
WORKFORCE SOLUTIONS SOUTH PLAINS* Job Fairs and Employee Recruitment Assistance
* Job Training Programs
* Veteran’s Program
* Collaboration with local and regional partners
* 11 colleges including Agricultural Sciences & Natural Resources, Rawls College of Business Administration and Whitacre College of Engineering
* 150 undergraduate degrees, 100 master’s degrees, 50 doctoral degrees, a law school and a medical school
* One of 81 institutions to achieve Tier One Carnegie Designation, putting Texas Tech University in the top tier of research institutions
* Two multi-million dollar donations from major oil and gas companies to the Whitacre College of Engineering
* Major endowed chairs support new areas of research in solar and nuclear energies
* Groundbreaking research and clinical trials conducted at School of Medicine’s state-of-the-art cancer center
* Awarded National Research University Designation resulting in an additional $8 to $10 million in research funding annually
* The Wind Science and Engineering Research Center offers the world’s only multidisciplinary Ph.D. program in Wind Science and Engineering
DOMINANT INDUSTRY CLUSTERS Lubbock County
* Advanced Technology
* Agriculture
* Energy
* Financial Services
* Health Care/Biosciences
* Education
* Tourism/Hospitality
COMPANY INDUSTRY EMPLOYEESCovenant Health Hospitals 4,570UMC Health System Hospitals 3,850United Supermarkets Supermarket Headquarters 2,767Interim HealthCare of West Texas Home Health Care Services 896UMC Physician Network Services Physician’s Offices 525Suddenlink Communications Wired Telecommunications Carriers 518X-FAB Texas Computer & Electronic Product Manufacturing 398Johnson Controls Fire Suppression System Manufacturing 350NTS Communications Inc. Wired Telecommunications Carriers 336Lubbock Heart Hospital Hospitals 310Sodexo, Inc. School Cafeteria Contractor 300McLane High Plains General Line Grocery Merchant Wholesaler 250
MAJOR PRIVATE EMPLOYERS
Source: USA/BIDC/LEDA June 2016
TOGETHER, TTU AND TTUHSC HAVE MORE THAN DOUBLED THEIR ANNUAL RESEARCH AND DEVELOPMENT INVESTMENTS SINCE 2008.
Source: Impact Data Source 2012
TABLE OF
BUSIN
ESS
MEDIAN WAGES
Lubbock MSA State NationalTeam Assemblers $11.24 $12.99 $14.45Accountants and Auditors 28.52 34.36 32.76
Pharmacists 63.19 59.79 58.77Computer Programmers 28.22 38.41 38.39Network and Computer Systems Administrators 28.11 39.71 38.32Computer and Information System Managers 60.33 70.04 65.29Human Resource Specialists 27.12 28.34 28.45Welders, Cutters, Solderers and Brazers 16.21 19.88 18.94First-line Supervisors of Production and Operating Workers 26.24 29.89 27.78Customer Service Representatives 14.08 14.79 15.53Laborers and Freight, Stock and Material Movers 11.82 11.96 12.49Bookkeeping, Accounting and Auditing Clerks 14.71 18.37 18.46
LABOR COSTS
RESIDENTIAL HOUSING COSTSMedian Existing Single-Family Home Price
National $197,980 State 155,063Lubbock MSA 127,646
Renter Occupied Monthly Housing Median Costs
National $928State 882 Lubbock 823
INDUSTRIAL AND OFFICE SPACEAverage Quoted Asking Rental Rates ForAvailable Industrial Space (per sq.ft./year)
Flex $7.05Warehouse 3.04Total 3.32
Average Quoted Asking Rental Rates For Available Office Space (per sq.ft./year)
Class A $17.03Class B 15.63Class C 11.84Total 13.95
Source: Nielsen 2017 Estimate, American Community Survey 2011-2015 5-Year Estimates
Source: www.bls.gov/May 2016 Occupational Wage Estimates
Source: Q2 2017 CoStar Report
TO MEET THE DEMANDS AND NEEDS OF NATIONAL AND INTERNATIONAL COMPANIES LOOKING TO EXPAND OR RELOCATE, WE’VE INVESTED IN INFRASTRUCTURE.
LUBBOCK BUSINESS PARKThe Lubbock Business Park is a perfect location for growing or expanding businesses.
* 586 acre tract of land
* Adjacent to Interstate 27 (I-27)
* Located one mile south of Lubbock Preston Smith International Airport
* 10 shovel-ready lots are now available for new construction
* $22 million+ invested by LEDA
TTU Innovation Hub and Research Park* Texas Tech is creating a major center for innovation and entrepreneurialism with the opening of the first
building of the TTU Innovation Hub and Research Park.* The 40,000-square-foot facility, the first of six facilities, serves as a resource for faculty, students and
community members launching new ventures, as well as corporate research endeavors.* The research facility houses both traditional laboratories and computer visualization facilities.
Individuals, groups or businesses can lease space in the facility to conduct research, making it separate from the rest of the Texas Tech campus.
TABLE OF
REESE TECHNOLOGY CENTER
* Former Air Force base repurposed into a center for research, technology, engineering, education and light manufacturing* Available office, flex, industrial and laboratory space with additional areas for development
* Park includes three runways with pad sites available for development in a secure environment – Includes: one 6,500 ft and two 10,500 ft runways
* Level II Data Center with OC-192 fiber optic network and fiber backbone
* Located in Foreign-Trade Zone 260
* Home to Texas Tech’s wind research facility established through partnerships with the U.S. Department of Energy, Sandia National Laboratories, Vestas & Group NIRE
REAL ESTA
TELUBBOCK RAIL PORT* 526 acre tract of land
* Located five miles north of Lubbock Preston Smith International Airport
* Adjacent to I-27
* Rail service from BNSF Railway
* Rail expansion opportunities
North
HORIZONTAL SCALE: 1”= 500’
0 250 500
Utah Street
Molinos Anahuac (MACSA)
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THE TRANSPORTATION INFRASTRUCTURE THAT CONVERGES IN LUBBOCK ESTABLISHES IT AS A “HUB CITY.”
AIRLUBBOCK PRESTON SMITH INTERNATIONAL AIRPORT (LBB) * Ability to get commuters to Austin or Dallas within one hour* U.S. Customs International Port of Entry with a resident U.S. Customs Port Director* Oversize and heavy lift air cargo operations* Two Fixed Base Operators located on-site along with an aircraft repair service
AIRLINES
American Eagle AirlinesSouthwest AirlinesUnited Airlines
NON-STOP FLIGHTS TO:
AustinDallasDenver
ROADHIGHWAY
* Located between two major east-west interstates: I–20 and I–40
* Transportation infrastructure is quick and accessible
* Major locations in the city can be accessed easily via Loop 289 or the Marsha Sharp Freeway
TRUCK FREIGHT
* 26 truck freight carriers * Inter- and intra-state services * Regional warehousing and distribution
Albuquerque 319 milesAmarillo 124 milesAustin 373 milesDallas 345 milesEl Paso 344 miles
Fort Worth 314 milesHouston 520 milesNew Orleans 851 milesOklahoma City 348 milesPhoenix 738 miles
5 hrs1 hrs 47min5 hrs 51min5 hrs 7min5 hrs 38min
4 hrs 37min 8 hrs 4min12 hrs 13min 5 hrs 17min 11 hrs 8min
NEARBY CITIES
HoustonLas VegasPhoenix
TABLE OF
TRAN
SPORTA
TION
MEXICO
Los Angeles
Seattle
Salt Lake CityChicago
Denver
LubbockDallas
HoustonAustin
RAIL LINESWith service provided by multiple shortline railroads and BNSF Railway, Lubbock is connected to markets throughout the United States and Canada.
RAILBNSF RAILWAY
LUBBOCK SHORTLINES:PLAINSMAN SWITCHING COMPANY
* Located in downtown Lubbock where it interchanges with the BNSF Railroad and the Union Pacific Railroad
* Currently building a transload facility to serve customers that do not have rail access on-site
WEST TEXAS & LUBBOCK RAILWAY
* Operate 107 miles of railroad on two lines extending from Lubbock to Seagraves and Whiteface, Texas
* Connections to the BNSF Railroad and the Union Pacific Railroad in Lubbock
GREYHOUND
* For long distance travel
BUS SERVICECITIBUS
* Public transportation service
* Fixed routes to all major retail, medical, educational and employment areas
LUBBOCK BUSINESS PARK
TABLE OF
DEPARTMENT OF PUBLIC SAFETY
O’REILLY AUTO PARTS
LUMMUS CORPORATION
MONSANTO
REPUBLIC NATIONAL DISTRIBUTING COMPANY
STANDARD SALES
VERIZON WIRELESS
WESTX PACKAGING
AVAILABLE LOT
AVAILABLE LOT
LUBBOCK RAIL PORT
TABLE OF
LUBBOCK RAIL PORT
MACSA
MACSA
TTU INNOVATION HUB AND RESEARCH PARK
TABLE OF
TTU INNOVATION HUB AND RESEARCH PARK
TTU INNOVATION HUB AND RESEARCH PARK
CITY OF LUBBOCK
TABLE OF
31
evA ytisrevinU .N
evA ytisrevinU
C R
200
0
C R
170
0
FM 25
28
Unive
rsity
Ave
50th St50th St
66th St66th St
Marsha Sharp Freeway
82nd St
98th St
114th St
82nd St 82nd St
Slaton Hwy
66th St
evA anaidnIevA anaidnI
Qua
ker A
ve
Fran
kfor
d Av
e
Milw
auke
e Ave
Uplan
d Av
e
Alco
ve A
ve
Inler
Ave
War
Hwy
Inler
Ave
War
Hwy
Slid
e Rd
Slid
e Rd
Fran
kfor
d Av
e
Erskine St.
Clovis Hwy
Erskine St.
Ursuline St.
Levelland (30 Mi)
Clovis (100 miles)
Hobbs (109 miles)
Budd
y Hol
ly Av
eTa
hoka
Hwy
Aven
ue A
0062 R C
avauG
avauG
Mar
tin L
uthe
r King
Blvd
Municipal Dr
Municipal Dr
Parkway
Aven
ue Q
19th St19th St19th St
34th St34th St 34th St
4th St4th St 4th St
Broadway
MackenziePark
Cric
kets
Ave
2787
27
87
87
84
289
289
289
331
289
84 Abilene (147 miles)
Mid
land/
Ode
ssa (
110 m
iles)
63
7
2
11462
82
6282
114
Lubbock Preston Smith International Airport
Regis St.
Kent St.Kent St. Mesa Rd.
Kent St.
Lubbock Business Park Blvd.
LUBBOCKBUSINESSPARK
LUBBOCKRAILPORT
Drew St.Drew St.
FM 2641FM 2641
C R 6000C R 6000
C R 6100
C R 5800
Reese Technology Center
327
LUBBOCK BUSINESS PARK
TABLE OF
LUBBOCK RAIL PORT
TABLE OF
North
HORIZONTAL SCALE: 1”= 500’
0 250 500
Utah Street
Molinos Anahuac (MACSA)
MonsantoR40
ACRES
AA8
ACRES
BB46
ACRES
Monsanto
Q39
ACRES
P40
ACRES
O22
ACRES
Y20
ACRES
L5
ACRES
United
Properties
H5
ACRES
E5
ACRES
C3 ACRES
D3 ACRES
F3
ACRES
G2
ACRES
J10
ACRES
I5
ACRES
K5
ACRES
M6
ACRES
N7
ACRES
Insurance Street
Interstate 27
Ash
Aven
ue
LOT 1
Ash
Av
en
ue
Fir A
ve
nu
e
MolinosAnahuac(MACSA)
Storm Water
Retention
Storm Water
Retention
Hampton Farms
Future Roads
Storm Water Retention
Lot 1 (Water Storage Tank Area)
Lift Station
Existing Rail
T20
ACRES
S20
ACRES
V20
ACRES
U20
ACRES
F.M. Highway 1294
W22
ACRES
X25
ACRES
Ham
pton Farm
s
MEXICO
Los Angeles
Seattle
Salt Lake CityChicago
Denver
LubbockDallas
HoustonAustin
RAIL LINES
TABLE OF
LUBBOCK ECONOMIC DEVELOPMENT ALLIANCELUBBOCK, TEXAS
800.687.5330 • 806.749.4500
FOR MORE INFORMATION, VISIT
LUBBOCKEDA.ORG