Amarillo, Texas (AP) The town of Amarillo’s economy is still reeling from the summer rains that washed away everything from homes to businesses.
But in a town with a population of just about 5,000 people, there’s no doubt the economy has improved.
“The economy is a little more stable,” said Chris Linn, the mayor of Amarillos small town north of San Antonio.
“I think the economy is growing, but not the way I would like.”
The economy in Amarillo grew at an annual rate of 7.2 percent in 2016.
That’s up from an annual growth rate of 3.4 percent the previous year.
That growth is due in large part to tourism.
It has jumped from about $3 million a year to about $6 million.
The city is the state’s second-largest city, and has been growing rapidly in recent years, according to the Texas Department of Commerce.
“We’re really seeing an increase in population, we’re seeing an uptick in population growth,” Linn said.
“The population is increasing, the housing is increasing.
And I think that’s all coming from Amarillo.”
While the town is still struggling with the summer weather, it’s starting to make money.
The unemployment rate in Amarilloes town grew to 6.7 percent last year from 4.9 percent the year before.
The town’s economy grew by $3.6 million last year, which was the biggest gain of any local city in the state.
Amarillo Mayor Ron Smith says the increase in jobs is due to a resurgence in tourism.
“It’s a good time to visit Amarillo,” Smith said.