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Cove EDC director says sales tax numbers are indication of buying power


The director of Copperas Cove’s Economic Development Corporation, Jonas Titas, said he believes the final sales tax allocations for the city indicate the buying power in the city and that the data can be used to attract new businesses.
Despite the pandemic, the city received just over $850,000 more from sales tax allocations from the state in 2020 than it did in 2019 — $5,987,621.
The total represented an increase of 16.6%, and year to date, the city has seen an increase of 10.8%.
“This is a very, very positive slide that we can show to the retail developing community, so that they can see that this is the buying power of folks in Copperas Cove,” Titas said Tuesday as he briefed the Copperas Cove City Council. ....

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On the fast track: Population boom expected in Cove


Copperas Cove’s population could skyrocket to near 50,000 within the next five to seven years, according to Development Service Director Bobby Lewis.
City Manager Ryan Haverlah briefed Lewis estimations to members of the Morning Exchange Club at Lil Tex Restaurant on Jan. 6.
If Lewis estimation holds true, the next five- to seven-year growth would indicate an increase of 33% over the current population figure.
“In five to seven years, that’s pretty quick for Copperas Cove,” Haverlah said. “That may not be quick for other areas, but for Copperas Cove, that is very quick, considering that for the last 20 years, we have grown at 1% or just over 1% each year.” ....

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