Regional News

May 2025

SATX360 Newsletter | SATX's New Economic Era

Staff Reports

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A 360° Perspective

As the Chief Marketing Officer for greater:SATX, I lead the team whose job is to tell our San Antonio regional story globally. Our story is one of undeniable momentum. It’s more than a narrative; it’s something we are building together, and the proof points are everywhere.  

San Antonio is in an era of renewed economic strength, one defined by consistent job creation, rising wages, and national recognition for the strategies driving our progress. Our economic development engine is humming, supported by regional economic development organizations, investors, and private sector leaders across the region. We’re not just keeping up with peer metros—we’re setting the pace. 

The Federal Reserve Bank of Dallas recently projected that San Antonio will lead Texas in job growth this year. That follows a standout 2024, when we ranked as the third-fastest-growing major job market in the country and first in Texas. This momentum is rooted in a strong, diverse economy, with major growth in sectors like life sciences and health, advanced manufacturing, cybersecurity, and tech. 

And the wage growth is just as impressive. From March 2024 to March 2025, average weekly earnings in San Antonio surged by more than 13%—the highest among all Texas metros and fifth-highest nationwide. No other Texas metro broke the 10% mark. This kind of wage growth is a meaningful sign that we’re growing opportunities for our people. Workers in San Antonio are now earning more than their counterparts in cities like Pittsburgh, Las Vegas, and Miami. 

This progress isn’t a flash in the pan. It’s built to last. San Antonio’s economy is broad and resilient, with high-opportunity jobs spread across multiple sectors. That makes us more stable, more adaptive, and better prepared for long-term growth. 

We are proud to be leading this progress. Since 2021, our team has secured more than $7.5 billion in new investment and supported the creation of nearly 19,000 jobs across the region. These wins represent real people gaining access to better careers, higher wages, and brighter futures. 

And our work is being recognized. We were recently named a 2025 recipient of the Mac Conway Award for Excellence in Economic Development by Site Selection Magazine, placing San Antonio among the top-performing regions in the country. Additionally, the greater:SATX Executive Leadership Team also earned the 2025 Gold Stevie Award for Achievement in Management in the Nonprofit and Government sector, recognizing the visionary leadership driving this momentum forward. 

Looking ahead, 2025 is on track to be our strongest year yet. Our pipeline is active with projects that could bring as many as 8,000 new jobs and more than $5 billion in capital investment to the region by year’s end. 

As CMO, I have the privilege of helping the world see what’s happening here—and showing that this momentum is real and measurable, making SATX the place to support business growth plans. This is our moment. And we’ll keep building it together. 

Greater Together,

Cecilia García Redmond
Chief Marketing Officer

Investor Spotlight: Port San Antonio

Port San Antonio’s Tech Port campus now generates $9 billion in annual economic activity—more than doubling its impact since 2015, according to a new economic impact study. On-campus jobs pay an average of $111,000 a year and support an additional 13,000 jobs across the region through ripple effects in housing, retail, healthcare, and more. The growth reflects a major shift in strategy launched in 2017, with targeted investments in advanced sectors like aerospace, cybersecurity, and defense helping create nearly 8,000 new jobs and over 800,000 square feet of new development.

Flagship facilities like the Boeing Center at Tech Port have welcomed over half a million visitors while anchoring a dynamic innovation ecosystem. Looking ahead, the Port is preparing to break ground on several ambitious projects—including Innovation Tower, a vertiport, and new workforce and retail amenities—that will further expand its economic reach and unlock new opportunities for San Antonio.  

Regional Partner Highlight: Converse

The City of Converse has experienced remarkable growth over the past decade. Its location on the far Northeast side of Bexar County makes it an ideal destination for both new residents moving to our region and young families putting down roots. With ample available land, Converse is well-positioned to support continued residential development while also creating new commercial opportunities that strengthen and sustain the community. 

 

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