Economic Development
Summary
Waco is looking at a massive new data center that could turn the city into a major tech hub. While it promises a serious boost to the local economy, we need to make sure our roads and power grid can actually handle the extra weight.
At a glance
- Total mentions
- 6
- Last 30 days
- 1
Impact analysis
Expect a major influx of tax revenue and tech-sector jobs, though the city might have to shell out for infrastructure upgrades to keep up.
Local job seekers and the city’s tax base stand to gain the most from this tech investment.
Residents living near the site might deal with construction headaches or strain on local utilities.
Mentions & discussions (13)
Waco, cities like Hewitt, McGregor get impressive sales tax rebates
Whether driven by 250th-anniversary revelry or rising prices, Waco-area shoppers spent freely in July. Proof lies in the sales tax checks cities received this week.
Cornerstone Caregiving renovation of old Waco Drug Co. building downtown underway
Cornerstone Caregiving’s $12 million renovation of the former Waco Drug Co. building downtown is underway, with a boost from a city and county economic development grant approved earlier this month.
Waco to extend fire service to Desperado at Waco Surf under development deal
Waco's Desperado agreement includes sales-tax rebates as an incentive for the 88-home upscale development joining Waco Surf. Backers also unveiled the potential for 250 more homes and a 250-room hotel.
Graphic Packaging seeks third round of tax-free bonds for Waco mill
Graphic Packaging International expects to issue a third round of tax-exempt bonds soon, this one for about $120 million, to refinance another portion of construction costs for its Waco mill.
Waco set to shut down TIF 3 after 40 years of dormancy
Waco is set to shut down Tax Increment Financing Zone No. 3, which was formed 40 years ago to support development along the Bosque River that never came to fruition.
Waco company moving global headquarters downtown, plans to add 300 jobs by 2032
Waco company moving global headquarters downtown, plans to add 300 jobs by 2032 KXXV
Waco eyes 'nationally recognized' brand, big box retailers at I-35 and Highway 6
A development deal that Waco may orchestrate could bring at least two big-box retailers to the east side of I-35, including a "warehouse retail brand" mentioned in city council documents.
Waco City Council approves Manhattan Project Brewing Company location at Foster Pavilion garage
Waco City Council approves Manhattan Project Brewing Company location at Foster Pavilion garage KXXV
Infrakey, City of Lacy Lakeview unveil 925MW data center district in McLennan County, Texas
Infrakey, City of Lacy Lakeview unveil 925MW data center district in McLennan County, Texas Data Center Dynamics
Proposed data center project for Waco area would be “paradigm-changer”
Proposed data center project for Waco area would be “paradigm-changer” The Texas Tribune
McLennan County residents looking to find work among local business closures
McLennan County residents looking to find work among local business closures KXXV
City of Waco, McLennan County raise minimum hourly rates to $25 for businesses wanting incentives
City of Waco, McLennan County raise minimum hourly rates to $25 for businesses wanting incentives KXXV
McGregor: SpaceX and City of Waco Enter Agreement to Keep Rocket Facility in McLennan County
McGregor: SpaceX and City of Waco Enter Agreement to Keep Rocket Facility in McLennan County Virtual Builders Exchange
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