The Economic Development Foundation ( Saedf ) Essay

Economics According to the commerce data available from the San Antonio Economic Development Foundation (SAEDF), the city is the second largest in Texas and seventh largest in the United States; it has a cost of living around 12% lower than the US average - 92.4 on the cost of living index (2015). As cited in the SAEDF report, the Milken Institute rated San Antonio one of the top ten best performing cities; in the same factsheet, CNN Money proclaimed it to be in the top five fastest growing cities. Demographics: As cited in the SAEDF factsheet, Nielsen SiteReports of 2014 stated that 1,416,000 people call San Antonio home; twenty percent identify as white, ~55% Hispanic/Latino, ~7% Black, ~1% American Indian, ~2% Asian, 1% Pacific Islander, ~3.5% more than two races, and ~12% other (2015). The same document notes that English, by a narrow majority, is the primary language – followed by bilingual English/Spanish. Employment: With an unemployment rate of about 3.5 percent, the re are 1,018,841 employed persons in San Antonio - the majority work in retail, healthcare and social assistance, hospitality, food service, and government (USDOL 2016; SAEDF 2015). Taxes: In addition to the Texas sales state tax (6.250%), San Antonians pay a city tax of 1.250%, a transit tax of 0.500%, and an advanced transportation district tax of 0.250%, totaling 8.250% in taxes (â€Å"Rate Information† n.d.; SAEDF 2015). There is no individual or corporate state income tax.