Page 19 - Georgetown Retail Merchandising Plan 11.7.16 - FINAL

MAJOR EMPLOYERS

Primary jobs and associated employers have a symbiotic
relationship to retail. Retail serves as a conduit for goods and
services and as an amenity to the local workforce. In addition,
retail employment is a substantial portion of the U.S. economy. 195 Major Employers
Georgetown, Texas
Retail jobs represent almost 14.8 million people, or 10% of the City Limits
total national workforce. An International Council of Shopping 35 Downtown Boundary
Centers survey identified that the average worker spends over 183 Employer Location
$26 per week on retail goods and after-work dining. The local
workforce in Georgetown generates over $15 million in annual
retail purchasing power; therefore, understanding where major
employers are located in context to retail developments is
important to harness workforce oriented demand.

Georgetown is home to several large employers. In total,
the nine largest employers have over 6,037 of the 24,564
workforce in Georgetown. In addition, quality retail is part of 130
the prescriptive corporate attraction requirement. For example, 35
a May 2016 article in Site Selection Magazine underscored
how the success of mixed-use developments has changed the 29 29
relationship between major employment and retail in an urban 183
area, stating that “the once-discrete markets of office and retail” Company Employees 29 29
now share an “interwoven nature of value” in context of planning
and development, meaning it is important to strike a balance Williamson County Government 1582
between attracting new major employers and establishing new Georgetown Independent School District 1550
retail hubs. As Georgetown focuses on retail attraction, it should City of Georgetown 682 130
also explore ways to leverage corporate locations into mixed- Southwestern University 450
use districts to take advantage of the synergies between the Airborn, Inc 482
corporate and retail users, including parking synergies, shared St. David's Georgetown Hospital 512
183
cost of services, and greater fiscal impact. Wesleyan Homes, Inc 340
Caring Home Health 269
183A
Sun City (Del Webb) 170 35
© 2015 Catalyst Commercial. The information provided herein is deemed reliable
and is subject to errors, omissions, change of terms and / or conditions.
Source: City of Georgetown

Georgetown Retail Merchandising Plan 2016 19