How Temple's industrial real estate market contributes to its economic growth

Temple, Texas is a community that has grown rapidly to be a popular choice for large-scale businesses. Its location at the intersection of affordability and accessibility makes it incredibly attractive. Temple, Texas has a strong industrial real estate market that has been a major factor in the economic growth of the area over the years.

Industrial real estate is available in many sectors including food and beverages, building materials and business support services. The city's pro-business attitude is another factor that encourages growth. This includes a favorable business climate, a wide network of support services and a highly qualified workforce.

More for less: Businesses get more for their money

Temple, located in one of America's best states for doing business, offers the best value in the country to grow businesses. Temple is home to some affordable industrial land located in Central Texas.

Temple businesses can benefit from Texas' unique advantages, such as no corporate income tax. Texas also has one of the best enterprise funds in the country, which offers financial incentives based on performance for businesses with projects that significantly contribute to the state's economy.

Companies can take advantage of a variety of incentives, including tax breaks and grants for businesses to facilitate their growth. Temple employers can also partner with colleges and universities in the area to create tailored training programs for skills in high demand.

A list of shovel-ready sites

The city's economic growth has been greatly aided by the wide range of high-quality sites available in Temple. More than 1,600 acres are available at low prices in the community, making it an ideal location for both global and local companies.

Temple Economic Development Corporation purchased 147 acres of Temple Industrial Park in 2020 to facilitate expansion and relocation. Temple Industrial Park offers easy access to I-35, a fast-growing corridor. It also includes shovel-ready locations ranging from five to more than 200 acres, and has access to water, sewers, roads and railroads.

Temple is also a great location for businesses in Central Texas. Businesses can reach nearly 22 million people in 2 1/2 hours from the city, which is located between two major highways and within a 3-hour drive of Dallas, Austin and Houston. Temple's location is ideal for businesses that want to expand. With five regional airports, four rail systems and easy access to the United States and the world.

Companies choosing Temple

Temple's economic activity is a good indicator of the value that companies find in the Central Texas marketplace. In fiscal year 2022, business expansion and location led to nearly 700 new jobs as well as $1.4 billion of capital investment.

The expansions were led by companies such as the supermarket chain H-E-B which has been operating in Temple since 2010. The company plans to add more than 100 new jobs in the area by expanding its Temple Industrial Park distribution facility to 325,000 square foot.

FedEx announced earlier this year that it would be opening a new distribution center of 250,000 square feet in Temple Industrial Park. FedEx cited Temple’s central location as a reason for its decision to relocate to the city. This provides better access to North American market.

Temple's industrial property market continues to adjust to the changing needs of businesses. Temple is transforming its regional economy by providing companies with new opportunities. Low costs, shovel-ready land and a community that encourages business are some of the ways it does this. Templeedc.com is a great resource for those interested in learning more about the industrial real estate market.