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Kim Gatley
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enior Vice President & Director of Research at REOC San Antonio

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Texas unemployment remains at all-time low

Texas’ unemployment rate held steady at 3.4 percent, matching the record-low rate set in June 2019, according to the Texas Workforce Commission. 

In July, the Texas economy added 35,200 seasonally adjusted Total Nonfarm positions. Texas employers added 323,300 jobs over the year.   …Read Entire Post

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Japanese company to bring 900 jobs to Cibolo

AW Texas, Inc., a Japanese transmission maker owned by Fortune Global 500 company Aisin, plans to build a $400-million plant in Cibolo that will span approximately 500,000 square feet and bring 900 jobs to the Northeast San Antonio suburb.

Groundwork is expected to start September along the IH-10 frontage road at S Santa Clara Road across from the San Antonio Raceway. …Read Entire Post

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OKIN BPS opening headquarters in San Antonio

Aerial view of Brooks

Prague-based business and services provider OKIN BPS has selected San Antonio for its U.S. headquarters. The expansion will create around 1,500 jobs and nearly $23 million in capital investment. OKIN BPS has received an incentive from the Texas Enterprise Fund grant for $6.6 million.

The new offices will be located at …Read Entire Post

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AT&T consolidating services; relocating to San Antonio

logo-att-color-trans-200x200AT&T Inc. is reducing its workforce in Houston and moving those jobs to San Antonio. The move affects 117 call center employees at 9051 Park West Dr. in Houston, and that location will close.

Those employees provide customer retention work to support AT&T’s legacy landline services.  All of the affected employees will be offered jobs in San Antonio, along with a relocation allowance. …Read Entire Post

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Hulu estimated to spend $13M on new San Antonio campus

hulu logoTelevision streaming giant Hulu is expected to spend an estimated $13 million renovating a new 45,000-square-foot campus in San Antonio where the California company will run its “viewer experience operations,” city records show.

City and Bexar County leaders spent months courting Hulu to locate its customer service center in San Antonio, bringing with it 300 new jobs when it opens this fall with a peak of 500 by the end of 2018. They offered a generous package of tax incentives, coupled with a $1.3 million cash grant Gov. Greg Abbott pledged from the Texas Enterprise Fund. …Read Entire Post

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Texas employment jumped 38,300 in September

increase_valueTexas added 38,300 net new jobs in September, leading the nation in job growth, the Texas Workforce Commission reported Friday. The state’s seasonally adjusted unemployment rate edged up to 4.8 percent in September from 4.7 percent in August. The national unemployment rate for September is 5 percent.

Texas led the nation with a 38,300 boost to payrolls, followed by a 30,000 advance in California, Bloomberg News reported, citing figures from the Labor Department. The tourism industry statewide had the largest gains with 17,900 new jobs. Professional and business services employment rose by 6,000 jobs last month. Construction employment went up for the third straight month by adding 3,400 jobs. …Read Entire Post

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Guess how much USAA is investing in its downtown expansion

USAA

USAA to start expansion work on the downtown location, and adding jobs.

Come first quarter 2017, USAA will be adding an additional 100 employees to its current footprint in its One Riverwalk Place tower in downtown San Antonio, signaling a hefty investment in both the company-owned property as well as the city’s central business district.

Finish-out work on the 19th floor of the building at 700 N St. Mary’s St. will begin later this year, and according to information pulled from a construction permit filed with the city of San Antonio and a filing submitted to the Texas Department of Licensing and Registration, the job is expected to run an estimated $3.55 million. …Read Entire Post

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Pearl-like Development Planned for Eastside

Eastside developmentCity Council approved zoning changes that will allow local developer Efraim Varga and investment partners to construct a multi-block, mixed-use complex in the Eastside’s Denver Heights. A $43.5 million improvements package was approved in January 2015 that is slated to improve connectivity to the Henry B. Gonzalez Convention Center expansion and Hemisfair Park.

The neighborhood, plagued with crime and vagrancy, stands to undergo a revitalization similar to that which the Pearl brought to the crumbling brewery complex just north of downtown. …Read Entire Post

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Whataburger buys property next to North Side headquarters

whataburger_concordWhataburger has bought a 2.4-acre property with a three-story building next to its North Side corporate headquarters through a subsidiary controlled by company executives.

The San Antonio-based burger chain bought the building at 400 Concord Plaza Dr. last month from OI Rehab LP, according to county property records. The 50,000 square-foot building is currently home to the Orthopaedic Institute.

…Read Entire Post

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Cyber Growth Plan for Port San Antonio

PSA Phase 1 planRoland Mower, Port San Antonio president, and the Port’s Executive Vice President for Business Development Jim Perschbach are working with many others on a vision for attracting cyber companies.

The first phase of an 80,000 sq. ft., $15 million tech office complex would be fully customizable with enviable features geared toward tech and cyber companies.

Imagine secure office spaces wired for the latest technology and Google Fiber with floor plans designed for your company’s size and needs. …Read Entire Post

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