WACO - Industrial prospects willing to invest nearly $100 million on facilities and hire 300 to 400 people are lurking in the Greater Waco Chamber of Commerce’s pipeline for 2013.
“I would say we have the best leads we have had in five years, in terms of job creation and investment,” said Sarah Roberts, who oversees industry recruitment for the Greater Waco Chamber of Commerce.
Every single indicator used to calculate the Greater Waco Economic Index is improved compared to both the monthly and year-to-date totals and averages in 2011, as shown in a study prepared by Karr Ingham, Amarillo economist.
October is the ninth consecutive month to see an increase in the economic index, which rose to 106.6 from 105.9 in September and 102.5 in October 2011.
Existing home sales rose 41 percent in October, the fourth straight month of double-digit year-to-year growth. Year to date, housing sales are up more than 10 percent from January through October last year.
The average price of a home increased 7.7 percent last month and is up 4.5 percent for the year 2012.
Construction remained healthy in October, with the dollar value of permitted projects up by 40 percent compared to last year.
Auto sales were up again in October, with inflation-adjusted spending on new and used automobiles up by nearly 30 percent compared to that October 2011.