For Businesses
The Magnolia Economic Development Corporation is here to serve you!
With vast resources and partnerships, MEDC, is your go-to source to build, work and grow your business in Magnolia, Texas.
| Magnolia EDC offers : |
| Consulting for planning and new business start-ups |
| Incentives for qualified businesses |
| Planning and Permit Coordination with City of Magnolia |
| Available property and trade area information |
2018 Retail Trade Area ("RTA") & Community Demographic Snapshot -
The Magnolia EDC has determined its RTA to be 10 minutes drive time, incorporating more than 250,000 people.
Demographic Profiling of the RTA
- Population in City: 2,083
- Population RTA – 138,840 in 2013 and 142,172 by 2020
- Average Person per Household within RTA – 2.99
Race Classification:
- White – 86.40%
- Black or African American – 4.81%
- Other – 6.83%
- Hispanic Origin – 13.61%
Income:
- Median Household Income – $71,428
- Average Household Income – $93,237
Other Demographics:
- Median House Value – $218,329 in city
- Median Age – 38.6
- Households – 632 in City/29,716 RTA
- Projected Household Growth – 3.19%
Anticipate an additional 5,000 homes in the City by 2025
Total Annual Retail Leakage in Magnolia , TX – $611,919,797
For business opportunities in Magnolia, please contact:
Rachel Steele - Economic Development Director