- Economic Development
- Economic Strructure
Business growth in the City of Granbury and Hood County has been strong over the last few years. Hood County now has over 2,300 businesses and Granbury has nearly 1,300. Gross Regional Product for the county is $2.4 billion. According to Database USA, since 2019, nearly 1,000 new businesses were established in Hood County.
The largest sector in the City of Granbury, TX is Retail Trade, employing 2,500 workers. The next-largest sectors in the region are Health Care and Social Assistance (2,283 workers) and Accommodation and Food Services (1,852). High location quotients (LQs) indicate sectors in which a region has high concentrations of employment compared to the national average. The sectors with the largest LQs in the region are Retail Trade (LQ = 2.08), Accommodation and Food Services (2.00), and Mining, Quarrying, and Oil and Gas Extraction (1.59).
Employment data are derived from the Quarterly Census of Employment and Wages, provided by the Bureau of Labor Statistics and imputed where necessary. Data are updated through 2021Q3 with preliminary estimates updated to 2021Q4.
Sectors in the City of Granbury, TX with the highest average wages per worker are Management of Companies and Enterprises ($109,722), Utilities ($78,335), and Finance and Insurance ($69,575). Regional sectors with the best job growth (or most moderate job losses) over the last 5 years are Accommodation and Food Services (+294 jobs), Retail Trade (+182), and Educational Services (+129).
Granbury: Business Summary
Hood County: Business Summary