News

TXP Helps Client with Media Production Facilities Development Program ›

February 2017 – TXP successfully assists Austin’s Certain Affinity to be the first company in Texas to benefit from a little-known sales tax abatement program, the Media Production Facilities Development Program. To find out more about the project, click HERE for coverage in the Austin American-Statesman.

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Austin City Council Kicks Off Budget Season ›

April 2016 – TXP presented its annual economic forecast to the Austin City Council. This forecast is used as part of the city's overall budgeting process. To find out more about Jon Hockenyos' presentation, click HERE for KUT coverage and click for HERE for Austin Monitor coverage.

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The Fashion & Apparel Industries in Austin - Current Impact and Opportunities ›

October 2015 – Is fashion design the next piece of the creative/artisan puzzle in Austin to hit popular consciousness? Creative, high value-added, and small batch have proven to be a comparative advantage for the Austin market, and there are clearly opportunities to grow the local fashion and apparel industry. As a result, TXP was tasked by the City of Austin with establishing a path toward economic development in this sector.

Click HERE to read about the study findings report in the Community Impact Newspaper.

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Water Shortages & Texans' Views on Economy ›

May 2015 – The state’s job market, while still strong, has softened. And new polling and analysis show that Texans have noticed. Among Texans, job-related concerns are growing, and they’ll likely continue to grow as employment statistics start to reflect the impact of falling oil prices. Texans also believe that the drought is temporary, but they want to take steps to address the situation. If the drought persists, however, they prefer developing new water treatment capacity over mandatory rationing or price increases to reduce demand.

Those are among the key findings of the inaugural Insight Texas effort, a partnership of Baselice & Associates, Influence Opinions, and TXP that combines survey research, social media evaluation, and economic analysis to take a snapshot of public opinion and add them to economic indicators regarding the Texas economy to produce a quarterly analysis.

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Evaluation of the Competitive State of Texas’ Package Liquor Store Market ›

April 2015 – Concerns had been expressed about the impact of increased competition on current (small/local) package store owners. TXP, Inc. was retained to evaluate the competition that exists in the current Texas market, those of other states where publicly traded companies are allowed to compete, and the impact publicly traded companies would have on the Texas competitive landscape.

Click HERE to read some of TXP's data results and findings in the Dallas Morning News.

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Rodeo Austin had $77 million impact on local economy in 2014 ›

April 2015 – Building upon studies completed in 2005, 2008, and 2011, Rodeo Austin retained TXP to update the findings for the 2014 fair, rodeo, and other fundraising events held throughout the year. The analysis measured the aggregate economic and financial impact of all events and activities on the Austin MSA. Click HERE to read about the study findings report in the Austin American-Statesman and HERE for coverage in the Austin Business Journal.

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What Texans Really Think about Falling Oil Prices ›

March 2015 – Texans feel pretty good about the overall outlook for the economy, especially compared to the nation as a whole, but are nonetheless worried about jobs. Those are among the key findings of the inaugural Insight Texas effort, a partnership of Baselice & Associates, Influence Opinions, and TXP that combines survey research, social media evaluation, and economic analysis to take a snapshot of public opinion and add them to economic indicators regarding the Texas economy to produce a quarterly analysis.

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Cameron County adds Three TRZs to Fund Future Roads ›

December 2014 – As part of the project team retained by the Cameron County Regional Mobility Authority (CCRMA), TXP completed economic, real estate, and property value assessments for three new Transportation Reinvestment Zones (TRZ). TXP’s findings were an important component used in the adoption of TRZ #3 – FM 1925, TRZ #4 – FM 803, and TRZ #5 – West Parkway. The Cameron County Commissioners’ Court unanimously approved the three TRZs on December 22, 2014

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Smith County Creates Transportation Reinvestment Zone to Expand Toll 49 Segments ›

December 2014 – As part of a project team retained by the North East Texas Regional Mobility Authority (NET RMA), TXP completed an economic, real estate, and property value assessment. TXP identified potential transportation reinvestment zones (TRZ) for the Toll 49 roadway project. The purpose of the analysis was to provide 25-year TRZ revenue forecasts that could be incorporated into the overall financing plan for the Toll 49 project. The Smith County Commissioners’ Court approved the TRZ on December 1, 2014.

Read an article about the study HERE.

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Short-Term Rentals Bring Substantial Economic Benefits to Communities ›

March 2014 – The Short Term Rental Advocacy Center commissioned TXP to assess the economic impacts of short-term rentals attributable to STRAC members’ customers in a number of communities including California’s Coachella Valley; Portland, Oregon; Chicago, Illinois; and Myrtle Beach, South Carolina. The reports capture visitors spending on short-term rentals in those markets, as well as related spending and the broader implications on those economies, but not necessarily all short-term rentals. TXP found that short-term rentals are a valuable asset in a community’s tourism portfolio, providing diversity in accommodations and ultimately creating thousands of jobs and millions of dollars of tax revenue in a community where tourism is an increasingly important driver of the local economy.

Click HERE to access a related story in The Desert Sun.

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Hays County and San Marcos Partner on TRZs to Benefit Roads, FM 110 ›

October 2013 – In 2013, Hays County and the City of San Marcos retained TXP to identify potential transportation reinvestment zone (TRZ) alignments for the FM 110 roadway project. The purpose of the analysis was to provide a 25-year TRZ revenue forecast for each jurisdiction that could be incorporated into the overall financing plan for the FM 110 project. The County and City will use the incremental increases in property tax revenue collected along the roadway alignment to jointly repay the Texas Department of Transportation for construction costs. Hays County and the City of San Marcos approved the TRZs in the fall of 2013.

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USCIS approves the Maryland Area Regional Center's EB-5 Application ›

May 2013 – TXP served as the lead economists for the project team that assisted the Maryland Area Regional Center with gaining approval for a regional center in the Baltimore, Maryland area. The US Citizenship and Immigration Services administers the Immigrant Investor Program, also known as “EB-5,” created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors.

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Economic Impact Study of Vanderbilt University ›

February 2013 – Vanderbilt University, located in Nashville, Tennessee, is a private research university and medical center offering a full-range of undergraduate, graduate and professional degrees. TXP was retained by Vanderbilt University to quantify the total annual economic and tax revenue impact of the institution and its programs. Building upon existing studies and datasets, the analysis highlights the importance of Vanderbilt University in terms of jobs, wages, and taxes for fiscal year 2011-12. Vanderbilt operations, along with student and visitor spending, generated an economic impact of $8.6 billion in economic activity, 58,000 jobs, and more than $3.4 billion in labor income.

Click HERE to access a related story in The Tennessean.

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Cameron County Creates Taxing Zone to Benefit Roads, Second SPI Causeway ›

December 2012 – As part of the project team retained by the Cameron County Regional Mobility Authority (CCRMA), TXP completed an economic, real estate, and property value assessment. TXP’s findings were an important component used in the modification of Transportation Reinvestment Zone No. 1 and the creation of Transportation Reinvestment Zone No. 2. The Cameron County Commissioners’ Court unanimously approved both TRZs on December 20, 2012.

Read an article about the study HERE.

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City of San Antonio Adopts Report and Accepts Recommendations ›

December 2012 – As part of SB 1493, the 82nd Texas Legislature mandated an Effectiveness Study for all entities created under the Defense Adjustment Management Authority Act of 2001. In compliance with this requirement, the City of San Antonio retained a consulting team led by TXP, Inc. to conduct the Effectiveness Study for the City South Management Authority. On December 13, 2012, the City of San Antonio adopted the Effectiveness Study and Economic Development Strategic Plan for City South Management Authority and to accept the recommendation of Option 2 to phase out the City South Management Authority.

Read an article about the study HERE.

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Economic Impact of a Medical School, Teaching Hospital, and Research Center in Austin ›

August 2012 – TXP was retained by Healthy ATX to assist in evaluating the current and potential economic impact of a medical school, teaching hospital, and research center on Central Texas. The impact of the combination of the medical complex and associated economic development in the life sciences translates into a total of almost $1 billion in direct annual spending and about 6,900 direct jobs. When the ripple effects are factored in, the impact rises to a total annual economic impact of about $2 billion in economic activity and 15,400 jobs in the Austin area.

Click HERE to access a related story in the Austin Business Journal.

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USCIS approves the LSRC's EB-5 Application ›

April 2012 – TXP served as the lead economists for the project team that assisted the Lone Star Regional Center with gaining approval for a regional center in the Houston MSA. The US Citizenship and Immigration Services administers the Immigrant Investor Program, also known as “EB-5,” created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors.

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Upper Highland Lakes Economic Impact Study ›

April 2012 – The project team of TXP, Inc. and Concept Development & Planning, LLC were awarded a contract with Burnet County and Llano County to evaluate the economic and community impacts of the drought affecting the water levels of the upper Highland Lakes. The project team will also examine the relationship between quality of life, natural amenities, and overall regional economic development efforts.

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Austin's creative sector has $4.35 billion economic impact ›

March 2012 – As part of a broader City of Austin focus on creativity and its role in the community, TXP evaluated the relationship between culture, creativity, and economic activity locally for the past decade. The role of the creative sector in Austin’s economy has grown substantially, accounting in 2010 for just over $4.35 billion in economic activity, over $71 million in City tax revenues, and almost 49,000 jobs. To put these results in context, the creative sector (as measured by employment) has risen by about twenty-five percent over the past five years, a pace more rapid than the ten percent growth for the local economy as a whole.

Click HERE to access a related story in the Austin American-Statesman.

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TXP hired for Charleston, SC higher education study ›

February 2012 – The Charleston Regional Development Alliance selected the project team of TXP, Inc. and MGT of America, Inc. to assess the economic and community impact of the four publicly supported institutions of higher learning in the Charleston, SC area:

  • The Citadel
  • College of Charleston
  • Medical University of South Carolina
  • Trident Technical College

The TXP/MGT project team understands the importance of higher education and workforce skills training to the local economy, public sector, and the individual. Not only does higher education benefit firms and their employees (through improving labor force capacity and therefore increasing earnings), a better-educated workforce more broadly enhances a region’s economic development competitiveness and reduces the demands for social services. TXP will be the lead consulting firm for this effort.

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Rodeo Austin injects $68.8 million into Central Texas economy ›

August 2011 – Since the first show in 1938, the Star of Texas Fair & Rodeo has become an important cultural event and tourism attraction for Central Texas. Austin’s supporters, volunteers, and donors have raised over $30 million for Texas youth, including $5.0 million in scholarships. TXP, Inc. is proud the Rodeo Austin retained the firm to update its original economic and tax revenue impact study.

Click HERE to access a related story in the Austin American-Statesman.

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Arts collaborative receives city support for new arts complex ›

June 2011 – The IAC plans to build a new facility that will provide a centralized location for a broad range of local arts and cultural organizations. This catalytic project has the ability to transform the Midtown area and draw over 150,000 annual visitors. TXP, Inc. was retained to estimate the economic impact of this project.

Click HERE to access a related story in the Houston Chronicle.

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