Lubbock Economic Development Alliance

About Lubbock:

Economic Environment

With a world-class university system, a high quality operating environment, competitive cost environment, and an integrated approach to addressing economic development and workforce issues, Lubbock is the place to do business.

Lubbock is the economic center of a 29-county region that has a population of over 500,000, with a strong, diverse economy that is based on manufacturing, agriculture, wholesale and retail trade services, as well as government, education and health care environment. Within a 15-county region, the South Plains Workforce Development Area has a labor force of over 204,000, including approximately 26,000 graduates each year.

Lubbock’s cost of doing business continues to rank as one of the lowest cities in the Nation. As a pro-business community, Lubbock has some of the lowest costs in Texas for electric and natural gas utilities, wage rates, affordable land, cost of living, property taxes and other business-related costs.

“Best Places to Launch a New Small Business” (2009) Lubbock is ranked #12 among mid-size metro areas. - CNN Money.com