Heart of Texas Region

THE HEART OF TEXAS REGION HAS VIBRANT ECONOMIC AND WORKFORCE DIVERSITY!

The Heart of Texas Economic Development District, located in central Texas between Dallas and Austin, comprises six counties: Bosque, Falls, Freestone, Hill, Limestone, and McLennan. According to U.S. Census estimates, the region's population grew from 349,273 in 2010 to 385,047 in 2024, an overall increase of 10.24%, surpassing the projected growth rate of 7% by over 3%. Between 2019 and 2024, the population rose from 372,588 to 385,047, reflecting a nearly 3% increase. Major population centers in the region include Waco, Hewitt, Robinson,  Hillsboro and Mexia.

Economy

The Heart of Texas Region maintains a strong agricultural presence, but its economic engine is driven by the Waco MSA's robust industrial and commercial sectors. Smaller economic hubs are located in Hillsboro and Mexia. Access to health care remains generally good throughout the region, anchored by two major health centers in McLennan County and supported by rural health centers in each of the other counties.

Economic development initiatives in the Heart of Texas region continue to focus on key industry clusters identified by the Texas Industry Cluster Initiative, which include:

  • Advanced Technologies and Manufacturing
  • Aerospace and Defense
  • Energy

Energy production continues to play a pivotal role in the regional economy and the region has diversified its energy portfolio with an increasing emphasis on oil and natural gas extraction, as well as significant growth in renewable energy. Solar and wind farms have expanded rapidly, with Texas ranking as the second-largest state in solar capacity additions nationally.

Recent years have witnessed substantial economic expansion, especially within the Waco MSA. Companies such as Amazon, Hello Bello, OCI Solar Power, and Hecate Energy have made significant investments in the area. The region is well-positioned to sustain and accommodate additional growth in the near future.

Workforce

The Heart of Texas region boasts a skilled and adaptable workforce supported by a range of workforce training and higher education institutions. As of late 2024, the Waco MSA has shown strong employment recovery and growth following pandemic-related disruptions, with total employment significantly surpassing pre-pandemic levels.

Wage and employment data for key industries illustrate the ongoing strength of the regional economy. Updated workforce data indicate diversified growth across manufacturing, healthcare, logistics, and education sectors.

One of the region's standout strengths is its ability to provide specialized workforce training quickly through partnerships with industry leaders. Educational institutions such as Baylor University, TSTC (Texas State Technical College), Hill College, MCC (McLennan Community College),  and McLennan County Workforce Solutions Center, all in which offer diverse degree programs to support workforce development and higher education goals.

Technical Colleges and Workforce Centers

  • Baylor
  • Hill College
  • McLennan Community College
  • Navarro College
  • Texas State Technical College
  • McLennan County Workforce Solutions Center

Geography

The geography of the Heart of Texas Region combines tablelands, irregular plains, and hilly terrain in the western areas, with elevations ranging from 209 to 1,200 feet above sea level. The region experiences a mean minimum temperature of 33.3°F in winter and a mean maximum of 96°F in summer, with an annual average rainfall of approximately 36.21 inches.

Abundant lakes, rivers, and streams serve as critical resources for recreation, municipal water supplies, and economic activities such as tourism and energy production. These natural assets continue to enhance the region's appeal for residents and businesses alike.

Population

Total Population

385,047

Median Age

38

Diversity Index

74.000

Source: ESRI, 2024-09-27

Housing & Income

Households

144,529

Total Housing Units

164,172


Owner Occupied

93,646

Renter Occupied

50,883

Vacant

19,643

Median Home Value

$238,012


Average Home Value

$281,160

Income Projection

Median Household

$63,631 $72,831


Average Household

$89,600 $102,403


Per Capita

$33,734 $38,981

Source: ESRI, 2024-09-27

Workforce

Total Businesses

13,258

Total Employed

162,883

Workers 16+

161,812

2024 HealthCare / Social Assistance

cp-industries

Businesses

1,120

Employed

23,140

2024 Retail Trade Businesses

cp-industries

Businesses

1,899

Employed

19,017

2024 Educational Services - Businesses

cp-industries

Businesses

393

Employed

18,704

2024 Accommodation / Food Service

cp-industries

Businesses

1,155

Employed

15,624

2024 Public Administration

cp-industries

Businesses

675

Employed

15,024

2024 Food Service / Drinking Est.

cp-industries

Businesses

980

Employed

14,030

Some
High School

18,283

Graduated
High School

60,451

Associates
Degree

28,024

Bachelor's
Degree

42,061

Graduate
Degree

24,489

Average Commute Time

0 min.



Resident Commuters

134,277

Non-Resident Commuters

26,693

Drive Alone

131,006

Carpooled

14,828

Public

501

Work At Home

10,683

Source: ESRI, 2024-09-27