San Angelo sunny with long-term expectations

SAN ANGELO – Business is booming in San Angelo. Currently, there are six new hotels in the planning stages.

When these new properties open, their presence is anticipated to impact the pricing of current hotel room costs.

According to the Business Barometer, one of the most economically strong sectors in San Angelo is the building and construction permits for commercial and housing purposes.

San Angelo has been seeing a growth spurt for about three years now; however, the areas affected by growth have shifted slightly since the impact of the energy boom.

“The good news is that when the economy was slower and there was less private sector construction, we were very fortunate here because the county, the city, Goodfellow, the schools and ASU, all of them were doing building projects, so that kind of helped us turn the corner on our ‘economic slowdown,’” Chamber of Commerce President Phil Neighbors said.

Visit the Business Barometer for more data.