Hays, Travis counties among best in state for public, private investment


Click here to view original web page at www.bizjournals.com
San Marcos, and surrounding Hays County, is one of the top areas in the state for public and private investment. Enlarge

Nick Simonite/ABJ

San Marcos, and surrounding Hays County, is one of the top areas in the state for public… more

Hays and Travis counties are among the top counties in Texas receiving the most public and private investment, according to a report from personal finance website SmartAsset.

On a national, county-by-county level, SmartAsset tallied the change in the number of businesses over the past two years, GDP growth, new homebuilding activity, and municipal bond activity to rank the investment coming into every county in the nation.

Hays County ranked No. 7 in Texas. The county, just south of Austin, saw its number of businesses grow 8.2 percent in the past two years, and saw its GDP grow by $1.19 billion, also saw more than 24 new building permits filed per 1,000 homes, and carried average per capita municipal bonds of $1,430.

Travis County ranked No. 10 in Texas. Home to the city of Austin, Travis County saw its number of businesses grow by 5.9 percent in the past two years while its GDP increased by $10.4 billion. New home building was slower in Travis County, which only saw 10 new home building permits filed for every 1,000 homes already standing. But municipal bond activity is much greater in Travis County, with the county carrying $4,008 in municipal bonds per capita.

Fort Bend County and Harris County, both in the Houston area, were the No. 1 and No. 2 counties for investment in Texas, and were also the No. 5 and No. 6 counties in the nation, the report said.