San Antonio, Austin economic development groups formalize partnership

Two regional economic and workforce development organizations are combining efforts to drive more business to the San Antonio and Austin regions.

The San Antonio organization greater:SATX and Opportunity Austin announced the formalized a partnership March 9 to help advance legislative priorities that representatives from both groups say will boost the future of economic development and job creation in Texas.

Randy Smith, chair of greater:SATX, said both regions have a mutual interest in infrastructure, education and workforce development to foster even greater economic growth in South and Central Texas.

“As the megaregion between Austin and San Antonio continues to emerge, this teamwork is both critical and strategic. The impact of our efforts and collective investment will be felt throughout the entire corridor and you will continue to see our two communities collaborate going forward,” Smith said in a statement.

Both organizations said the partnership’s initial focus is to advocate for the enactment of a statewide economic development program that provides tools for Texas communities in both areas to be more competitive in attracting new businesses, as well as retaining and growing existing businesses.

Opportunity Austin chair Gary Farmer said strong economic development policies are essential for Texas communities to remain a top contender for large job-creating investments.

“Our collective efforts will help ensure our region remains a top choice for premier employers and talent,” Farmer said in a statement.

The greater:SATX and Opportunity Austin organizations said they have added and retained a combined total of 185,000-plus jobs over the past 20 years with support of local economic development incentives.