Waco's economy still depends partly on livestock and crops. Manufacturing and tourism are significant economic elements. Waco is situated in the heart of a Texas manufacturing and technology corridor. Items produced in the city include machinery, glass, fabricated metal, plastics, rubber, clothing and tires. Waco also includes an aerospace industry.
Notable information regarding Waco, Texas: Adult population holding a bachelor's degree or higher: 19%. Average salary in 2009: $26,000. The cost of living index in 2008: 79.5 (U.S. average: 100).
Waco's primary fields of employment are educational services, healthcare, accommodation and food services, construction, and finance and insurance. Management, professional and related occupations (27% of the workforce). Sales and office occupations (22% of the labor force).
The major employers in the Waco region:
- Waco Independent School District
- Baylor University
- Providence Healthcare Network
- Hillcrest Health System
- City of Waco
- L-3 Communications
- McLennan County
- Midway Independent School District
- Cargill Foods
- Veterans Administrative Medical Center
- McLennan Community College
- Pilgrim's Pride
- Texas State Technical College
- Mars Snackfoods US
- Sanderson Farms
- Examination Management Services
- ALCOA Fastening Systems
- American Income Life
Some of the occupations in Waco that are mostly filled by college graduates are: registered nurses, wholesale and manufacturing sales representatives, teachers, medical and health services managers, market research analysts, public relations specialists, network and computer systems administrators, and educational, vocational and school counselors.
Local businesses are invited to work with organizations such as:
- Waco Economic Development
- Texas Economic Development Council
- Texas Association of Manufacturers
- Small Business Administration - Texas
People looking for local business and economic news can read the Wacotrib.com.