Lubbock, Texas is a regional economic hub. It's the center of a diversified agriculture-industrial complex. Petroleum, engineering products, and cottonseed oil are important economic components for the region. It's also a notable regional warehousing and distribution hub.
Lubbock has call centers, third-party software development, back office support for financial services, data processing centers and a growing information sector.
Texas Tech University is the largest employer and has a large impact on the economy. Employment is provided by industries such as medical devices, food processing and packaging, clean energy equipment producers and bioscience product manufacturing. The Lubbock Regional Bioscience Initiative serves as a link between bioscience resources and companies and promotes entrepreneurship in the bioscience sector.
Lubbock's energy industry is involved with research in wind, soil and water. Texas Tech University has a major role.
Lubbock's primary fields of employment include healthcare, educational services, construction, manufacturing, accommodation and food services, government, and professional, scientific and technical services. Management, professional and related occupations (29% of the workforce). Sales and office occupations (27% of the labor force).
Lubbock's largest private employers:
- United Supermarkets
- At&T Communications
- Convergys Corporation
- Excell Services
- Tyco Fire Protection
- Suddenlink Communications
- G Boren Services
- Sonic Drive-In
- Wells Fargo Phone Bank
Lubbock's largest public employers:
- Texas Tech University
- Covenant Health System
- Lubbock Independent School District
- University Medical Center
- City of Lubbock
- Texas Tech Health Sciences Center
- Lubbock County
- Lubbock State School
- Friendship Independent School District
- U.S. Postal Service
Noteworthy information regarding Lubbock, Texas: Adult population holding a bachelor's degree or better: 27%. Average salary in 2009: $30,000. Cost of living index in 2008: 80.1 (national average: 100).
Lubbock companies have opportunities to work with helpful organizations such as:
- Lubbock Chamber of Commerce
- Lubbock Economic Development Alliance
- Texas Economic Development Council
- Texas Association of Manufacturers
- Small Business Administration - Texas
Those interested in Lubbock business and economic news may want to visit Lubbockonline.