DeWitt County ranked for investment in Texas, nationwide
By Cameron Wallace
When it comes to investment, DeWitt County ranks as 148th in Texas counties, and 1,957th among counties across the nation, according to a recent study by SmartAsset.com.
The sixth edition of SmartAsset’s study on the places receiving the most incoming investment was recently released. The study measures local investment growth across three categories: Gross Domestic Product (GDP), new businesses launched, and new building permits.
In the category of business growth, DeWitt County shows only 0.4 percent growth. The county’s GDP growth is $46-million, and new building permits per thousand homes is 0.4 percent.
By contrast, ten other Texas counties make up the top ten counties in the country for investment; those are Rockwall, Comal, Hays, Fort Bend, Travis, Chambers, Williamson, Harris, Collin, and Montgomery counties. Highest ranked Rockwall County (ranked first in Texas and nationwide) showed 17.9 percent business growth, a GDP of $252 million, and 78.8 new building permits per thousand homes.
Tenth ranked (19th nationwide) Montgomery County showed 11.0% business growth, a GDP of $1,255 per million dollars, and new building permits at 47.1 per thousand homes.
Overall, the State of Texas showed 3.1% business growth, a GDP of $301 million, and new building permits at 9.1 per thousand homes.
SmartAsset sites their sources for the study as U.S, Cencus Bureau 2019, American Community Survey, U.S. Bureau Economic Analysis, U.S. Cencus Bureau Building Permits Survey, and USASpending.gov.
Yorktown News-View would like to know: what businesses would you like to see locate in Yorktown/DeWitt County?
Visit our Facebook page at www.facebook.com/yorktown.newsview and let us know. We’ll publish the results next week.
Read more stories in this week's edition of the Yorktown News-View. Call 361-564-2242 to subscribe.