City of San Antonio Economic Development

The Culture of Business

San Antonio is booming!

San Antonio was just ranked by Bloomberg among the Top 12 Boomtowns for its economic and population growth.

Think of San Antonio, and images of Spanish missions, the River Walk and the Alamo come to mind. Here, as in most of Texas, the key driver of growth is oil and gas drilling, particularly from the Eagle Ford Shale formation. A strong military presence, which includes Randolph Air Force Base, also supports the economy. As of March, about 2.2 million people were living in the area, and unemployment was 6.1 percent. “This is not a little city anymore,” says Steve Murdock, a professor of sociology at Rice University. “San Antonio is the seventh-largest city in the U.S.”

See the full list from Bloomberg.

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This entry was posted on April 30, 2013 by in Rankings, San Antonio.

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