A Decade of Economic Impact
30 May 2024
Blog
Celebrating 10 Years of Growth
As we reflect on the past decade, the Pflugerville Community Development Corporation (PCDC) proudly shares the remarkable economic impact our projects have had on the community. From 2013 to 2023, PCDC has been at the forefront of fostering economic growth, job creation, and overall community development.
Economic Impact Overview
Over the past ten years, PCDC has spearheaded numerous projects that have collectively contributed to a robust economic landscape. Here's a snapshot of our impact:
- Total Economic Output: Our projects have generated a staggering $5.5 billion in total spending, reflecting the vibrant economic activity spurred by our initiatives.
- Value Added to the Economy: These efforts have added $3.1 billion to the gross domestic product (GDP), showcasing our role in enhancing economic productivity.
- Total Jobs Supported: We have supported 17,410 jobs across various sectors, demonstrating our commitment to creating employment opportunities for the community.
- Total Wages Earned: Workers in supported jobs have earned $659.8 million, underscoring the positive impact on household incomes and local spending.
Direct Employment and Wages
A closer look at the direct impact of our projects reveals:
- Jobs Created: PCDC's initiatives have directly created 7,015 jobs, providing stable employment opportunities for residents.
- Wages Paid: These jobs have resulted in $354.4 million in wages paid to workers, contributing to the economic well-being of numerous families.
Sector-Specific Contributions
Our projects span several key sectors, each playing a pivotal role in the overall economic impact:
- Construction Sector: $53.2 million in wages, supporting 868 jobs.
- Logistics Sector: $161.1 million in wages, supporting 3,911 jobs.
- Manufacturing Sector: $61.5 million in wages, supporting 940 jobs.
- Professional Services Sector: $53.6 million in wages, supporting 797 jobs.
- Other Sectors: $24.9 million in wages, supporting 499 jobs.
The Broader Economic Contributions
Beyond direct employment, our projects have had far-reaching effects on the broader economy:
- Indirect and Induced Jobs: An additional 10,395 jobs have been supported indirectly and through induced economic activities.
- Indirect and Induced Wages: These activities have generated $305.4 million in additional wages, further amplifying our economic impact.
The past decade has been a journey of growth, innovation, and community building for the Pflugerville Community Development Corporation. Our efforts have not only driven economic prosperity but have also laid a strong foundation for future developments. As we celebrate these achievements, we remain committed to fostering continued growth and creating opportunities that benefit everyone in our community.
Thank you for being a part of this incredible journey. Together, we look forward to even greater accomplishments in the years to come.
Join the Conversation
Stay connected with us on social media to stay updated on our latest projects and initiatives. Your support and engagement are vital as we continue to make Pflugerville a thriving place to live, work, and play.