Ebrochure Bastrop, Texas EDC | Page 9

– WORKFORCE & HOUSING – Bastrop County leads the area in job growth. The steady pace of new employment expansion underscores the community’s pro-growth attitude. Bastrop offers a large, cost-effective labor force of 85,500 within a 30-minute commute. Our “best and brightest” talent pool taps world-class teaching and research universities, top-rated engineering and technology schools, and thousands of graduates each year. What’s more, Bastrop is making solid community investments in education and workforce readiness, such as the award-winning Bastrop Youth Career Day. Bastrop County is slated to add over 1 8,000 new homes and multi-family units in the next ten years, many already under construction. Bastrop County Population Growth 300,000 267% Projected Population Gain From 2010 to 2050 250,000 200,000 150,000 100,000 50,000 0 1960 1970 1980 1990 Actual 2000 2010 2020 2030 2040 Projected 2050 Source: Texas Demographic Center (2015) Bastrop’s proximity to Austin and Houston and its community amenities will increase its share of the Austin regional housing market. • Pent-up demand for traditional apartment and multi-family communities supports 150-225 units per year at market rate rents based on area employment. • Two current multi-family apartment developments are pre-leasing quickly and inventory is expected to be depleted shortly after openings. • Within the next 10 years, new home construction is scheduled to add over 17,000 single-family homes within a 20-minute commute to Bastrop. • East Austin and Travis County area development is scheduled to add over 65,000 additional homes within a 40-minute commute to Bastrop, featuring affordable and master-planned communities. 9