Business Climate
Our pro-business community thrives with the buzz of commerce while growing a cultural lifestyle attractive to businesses and workers of all ages. Here are just a few of the many reasons companies are choosing Texarkana:
- Texarkana MSA populates nearly 150,000 residents and the regional laborshed boasts nearly 750,000 residents.
- A regional laborshed with a skilled and dedicated workforce 335,000 strong and growing.
- 4.4%: Our low turnover rates in manufacturing indicate a reduced bottom-line cost to companies operating in the region – with less time and resources allocated to screening new hires and training new employees.
- Texarkana’s MSA and the laborshed offer lower wages than the national average as well as a lower cost of living, allowing companies to provide living wages to employees at lower rates in a community with a track record of success in the targeted industry sectors.
A regional cost of living 15% lower than the national average.
Top 5 Regional Industry Snapshot
Health Care & Social Assistance
- 17.4% of Employment
- 56,606 Total Employees
Retail Trade
- 11.9% of Employment
- 38,234 Total Employees
Manufacturing
- 11.8% of Employment
- 37,095 Total Employees
Accommodation & Food Services
- 9.2% of Employment
- 29,608 Total Employees
Education Services
- 8.3% of Employment
- 56,656 Total Employees
Manufacturing
- 37,095 employed
- $56,665 average annual wage
- Largest Sub-Sector: Rubber product manufacturing
- Major employers:
- Cooper Tire & Rubber
- Ledwell & Son Enterprises
- Domtar Paper Co LLC
Defense
- 5,616 employed
- 68,784 average annual wage
- Largest Sub-Sector: National security
- Major employers:
- Red River Army Depot
- Honeywell
- Raytheon
- Lockheed Martin
- BAE Systems Northrop Grumman
Logistics & Distribution
- 10,814 employed
- $46,364 average annual wage
- Largest Sub-Sector: Freight/Trucking
- Major employers:
- Wholesale Electric
- BWI Companies
- DLA Distribution Red River
Medical Services
- 56,006 employed
- $54,991 average annual wage
- Largest Sub-Sector: General Medicine/Hospitals
- Major Employers:
- Wadley Regional Medical Center
- Christus St. Michael
- U Of A Medical Sciences
