The City of San Antonio recently opened a new community development office that is designed to aid local businesses in taking advantage of all of the economic opportunities available throughout the region.
Workforce Solutions Alamo, which is part of the Department of Defense’s Base Realignment and Closure program (BRAC), is part of an effort designed to revitalize Fort Sam Houston and East San Antonio, will help local residents learn about job opportunities at the Army post; the military is now consolidating and relocating its medical training mission to Fort Sam Houston, thereby providing residents with a plethora of job opportunities. The BRAC program is expected to generate more than $3 billion dollars in the San Antonio economy.
In addition to providing jobs for residents of San Antonio, the BRAC program may also benefit local companies. In particular, the program will teach business owners about ways in which they can work with the Department of Defense.
The Positive Economic Impact
The economic impact on San Antonio is expected to be significant with the introduction of this new program. As a result, the Fort Sam Houston Community Development center will begin to bring general awareness of the program so that BRAC can ultimately provide new jobs and encourage business investment opportunities.
The BRAC program may help buoy along the San Antonio office space market, as an increase in jobs and business will mean an increase in demand for San Antonio office space.
Although the San Antonio office space market fared better than other metropolitan markets across the US, it nevertheless has experienced quite a hit over the last two years. Many industry experts are therefore banking on the success of the BRAC program to provide the San Antonio office space market with the jump start it needs.
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