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Result 3.2 All Waco residents will have a livable income

Indicator 3.2.1 Median income for full-time, year-round civilian employees

Current Value

$31,839

2017

Definition

Line Bar

Story Behind the Curve

The median income for full-time workers in Waco, Texas is lower than the surrounding county, McLennan County, at $37,062.00 and Texas at $42,269.00 (ACS 2016).  There are several factors at play that influence our median income.

Positive Influences Negative Influences
Shift in focus to workforce preparation (Greater Waco Healthcare Academy & Manufacturing Academy) 
New businesses being attracted to Waco, Texas because of newly acclaimed "Fixer Upper" fame
New talent retention initiative- CampusTown Waco 
Multiple Colleges and Universities- Baylor University, Texas State Technical College, McLennan Community College, University Center (Texas Tech & Tarleton State University) 


Low unemployment rates -> Businesses that are hiring, hire/fire based on soft skills 
Stagnant labor force participation rates 
Presence of the county jail and an unwillingness of the community to hire those released
Available work is located on the opposite side of town from the need

Mapped Information


Partners

Educational Institutions:

    McLennan Community College

    Baylor University

    TSTC 

Local employers/businesses:

    Waco ISD

    Aramark

    Lowe's of Waco

    Cargill

    Domtar

    Ratliff Ready Mix

    City of Waco

    Center for Occupational Research and Development

Non-profits/Service providers: 

    Heart of Texas Goodwill

    Caritas of Waco

    Salvation Army

    McLennan County Adult Probation and Parole

    Esther's Closet

    MHMR

    Mission Waco

    Christian Women's Job Corp 

    Greater Waco Chamber of Commerce

Strategy

1) Create a system to coordinate outreach between service providers and businesses to help those employed stay employed.

2) Develop an unified training certificate geared towards teaching "soft skills."

3) Develop a better relationship between the County Jail and local businesses.

Clear Impact Suite is an easy-to-use, web-based software platform that helps your staff collaborate with external stakeholders and community partners by utilizing the combination of data collection, performance reporting, and program planning.

Scorecard Container Measure Action Actual Value Target Value Tag S A m/d/yy m/d/yyyy