Local government and private enterprise both invest in the economic growth of their communities, and the Greater San Marcos Partnership (GSMP) serves as just one of countless examples throughout the country.
As a public-private non-profit organization, the GSMP relies on financial investment from both the public and private sector to ensure our mission to strengthen the local economy and for the betterment of the economic situation of our residents. The return on that investment has been significant, with GSMP helping to secure more than 40 new companies and 6,500 direct new jobs for the region since 2009, resulting in an annual economic boost of more than $2 billion for our region.
Public dollars are invested in economic development organizations like GSMP because city and county governments know economic development is necessary to enhance, attract and retain economic opportunity. GSMP provide benefits to the public sector through growing the local tax base through retaining & expanding the business sector, which results in new jobs with good wages and benefits for our residents. It is with pooled resources that our message can be communicated most effectively, because after all, the efforts of a team far outweigh that of an individual effort.
