The future looks bright for Brazoria County, an economic forecast says.
With record-setting employment, the county is experiencing a period of economic growth, according to a report given during the Economic Alliance for Brazoria County’s recent annual meeting.
Brazoria County employment increased 3.11 percent over the last year to 153,880, which represents the highest number of individuals ever employed in the county, according to the report by Brazosport College economist Donald Payne Jr.
In addition, sales tax receipts increased 13.43 percent over the last year to the highest amount recorded in the month of July.
Future projections, too, he said, point toward more progress.
Single-family building permits increased by 5.68 percent. The unemployment rate was at 5.6 percent in August, compared to 6.8 percent from the prior year.
In the negative were hotel/motel tax receipts from July 2013 to July 2014 – but only by 2.67 percent, said Payne, who spoke at the event along with David Callender, president of the University of Texas Medical Branch in Galveston.
With the population expanding, Callender spoke on the hospital’s mission to recruit and retain physicians to serve the area’s needs. Having adequate providers for health care, he said, is a key factor in continuing to be economically attractive and successful as a region.
The Alliance is a public/private non-profit corporation chartered to promote economic development in Brazoria County. For information, call 979-848-0560 or vist www.eda-bc.com.