San Antonio is one of seven cities nationwide designated as 'Enterprising Cities' in a report on pro business policies released by the U.S. Chamber of Commerce, 1200 WOAI news reports.
"While municipalities across the nation have struggled to regain momentum lost during the Great Recession, the cities of Texas are a notable outlier, continually leading the nation in economic growth," the report said. "Among the Lone Star State's many stories of success is San Antonio, which is paving the road to success by building strong partnerships between the public and private sectors to build a business friendly, pro growth environment."
San Antonio is one of two cities in Texas to win the 'Enterprising City' designation. The other is Irving. Other cities honored include Minneapolis, Salt Lake City, and Memphis.
USAA Real Estate General Counsel Steve Waters, who is the Chairman of the San Antonio Economic Development Foundation, says there are several factors that go into being an 'Enterprising City.'
"Affordable land, abundant power, a great lifestyle, a low cost of living, and an evolving education system which is producing a skilled work force that our companies demand."
The report praises San Antonio for 'building a culture of business' which structured economic development efforts which are friendly to growth.
"In 2012, we added more than 20,000 new jobs to our community, almost a 2.5% increase over 2011," Waters said.
The report specifically praised San Antonio for boosting exports, pointing out that exports amounted to a $5 billion economic impact in 2007, up to $14 billion in 2012.
The report also praises the 15 colleges and universities in San Antonio, with a total student population of 150,000.
Mayor Julian Castro says public infrastructure investment is also critical to growth.
"This is very significant because in today's 21st Century global economy, capital is more global than ever. Companies have more choices on where they are going to invest and create jobs than ever before."
The report also cited San Antonio's AAA bond rating, and praised citizens for investing in programs like the 2012-2017 bond program, and the Pre-K for SA program.
"San Antonio has structured its economic development efforts with a goal of creating a 'culture of business,' friendly to growth and economic expansion," the report says. "By bringing together the public and private sectors to support workforce development, infrastructure investment, business friendly government, and private sector job creation, San Antonio has become one of the fastest growing cities in the nation."