POSTED: Wednesday, February 26, 2014 - 7:07pm
UPDATED: Friday, March 7, 2014 - 4:04pm
JACKSONVILLE, TEXAS (KETK) — An improving economy is driving business on Jacksonville. In fact, folks in Jacksonville were waiting for the perfect time to invest. People have been holding to their money waiting and realize now is the time.
There's so much available land, vacant buildings for sale and rent in the City of Jacksonville. "If you drive around you'll notice construction going on mainly people feel comfortable with the economy," said City Manager Mo Raissi. He says, it's a good sign for more jobs.
"For our year end September 2013 our sales tax did hold up, and it increased actually 5% over 2012," said Freddy Thomas. The city's Finance Director Freddy Thomas says, property value has also held up and now they're seeing increases in activity starting the last quarter of 2013 and now the first quarter of 2014.
There's auto, retail and restaurant development underway. Thomas says, new affordable housing projects are in the near future. "Bacon Chevrolet is building a new plant, we have a building supply company here that's about to spend quite a big of money added on to their current facility, we've got a new Denny's, we got a new Wing Stop coming in as far as the restaurant industry," said Thomas.
City officials say, the Economic Development Corporation is working hard to bring more companies to the city, which will bring more traffic from surrounding counties.