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Waco officials investigate causes of sales tax loss in 2023

Waco retail spending declined in 2023, with a sales tax loss of nearly $1 million in December year-over-year. Local shoppers apparently became cautious during the holiday season. ....

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Waco economy slides for seventh straight month

Waco s economy took a beating for the seventh straight month in September, with economist Karr Ingham suggesting the area "is enduring its first sustained, economy-wide contraction since the great recession." ....

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Waco economy hits bumps in August

It was not a pretty picture, Amarillo-based economist Karr Ingham said of the snapshot provided by the Greater Waco Economic Index for August. ....

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Work underway on $120M hydroponic lettuce farm in Lorena, set to hire hundreds

A New York company thought Lorena would make a great place to raise lettuce, and so BrightFarms is spending more than $120 million placing greenhouses at Barnes Road and Birdie ....

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Jobless rate climbs in Texas, Waco during November

Waco could not escape the hiring malaise that settled over Texas last month, its jobless rate increasing to 6.6%, the Texas Workforce Commission reported Friday.
Metropolitan Statistical Areas statewide felt the pain and almost all watched their jobless rate increase at least a percentage point between October and November. Texas saw its non-seasonally adjusted rate leap from 6.7% to 8.0% month-to-month. Its seasonally adjusted rate hit 8.1%, according to the U.S. Labor Department.
The Waco MSA, which includes Falls and McLennan counties, suffered with the rest of Texas, but its 6.6% mark is seventh-best among 27 MSAs. Beaumont-Port Arthur, Corpus Christi, Odessa and McAllen-Edinburg-Mission are staggering along at 11.8%, 10.0%, 11.4% and 12.5%, respectively. ....

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