San Antonio's economy is primarily powered by the government, tourism, healthcare, financial services and manufacturing. San Antonio is home to Fortune 500 Companies such as Tesoro Petroleum Corp, Valero Energy Corp, NuStar Energy, USAA and Clear Channel Communications.
San Antonio has the corporate headquarters of notable companies such as H.E.B. Food Stores, Bill Miller Bar-B-Q, Southwest Research Institute, Harland Clarke, Kinetic Concepts, Inc and Taco Cabana.
San Antonio is home to the regional/division offices of prominent companies such as AT&T, Citigroup, Wachovia, Caremark, Prescription Services, United Parcel Service, Boeing Aerospace Support Center, American Funds Group and QVC Network, Inc.
The San Antonio area also has a strong military presence with a collection of notable military bases. The city has one of the largest military concentrations in the country. The military bases include military and civilian employees. The defense sector employs a vast number of people and has a substantial economic impact on San Antonio.
Approximately 20 million tourists visit each year which significantly adds to the economy and provides a vast number of jobs. Conventions also contribute to the economy. The medical sector is another major employer.
Employment is provided by companies that produce products such as airplane parts, food handling equipment, steel forms, processed foods, structural steel and cement. In addition, Toyota San Antonio provides a large number of jobs. The area also includes the Southwest Research Institute which employs a few thousand scientists and researchers.
Facts regarding San Antonio, Texas: Estimated median household income in 2007: $42,000. In 2008 the cost of living index was: 80.0 (U.S. average: 100). Adult residents holding a bachelor's degree or higher: 22%.
San Antonio's leading employers:
- United Service Automobile Assoc
- H.E.B. Food Stores
- H.B. Zackery Co
- SBC Communications
- Southwestern Bell
- Frost National Bank
- West Telemarketing
- Taco Cabana
- Ultramar Diamond Shamrock
- QVC Network
Shown below are the primary employment sectors:
- Trade, transportation and utilities
- Educational and health services
- Professional and business services
- Leisure and hospitality
- Financial activities
San Antonio businesses are invited to collaborate with associations such as:
- Greater San Antonio Chamber of Commerce
- San Antonio Economic Development Foundation
- Texas Association of Manufacturers
- Small Business Administration - Texas
Those interested in San Antonio business and industry endeavors may want to read the San Antonio Business Journal.