CITY SPOTLIGHT:
SHERMAN, TEXAS
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Sherman, Texas
At A Glance
Population: 45,688
YOY Increase: 3.97%
Median Home Price: $297,500
YOY Increase: +11.4%
Unemployment Rate: 2.2%
% of Renters: 46.4%
Rental Vacancy Rate: 4.00%
GDP: $6,330,800,000
GDP Growth: +23.5% since 2020
*latest numbers as of Jan. 2024
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SHERMAN:
UNDERSTANDING "SILICON ALLEY"
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Texas Instruments
- 4 new factories
- $30 billion investment
- $150-280 million in tax revenue
- Begin production by 2025
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Globitech
- New semiconductor manufacturing plant
- $5 billion investment
- 1500+ jobs
- $160-240 million in tax revenue
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II-VI (formerly Finisar)
- Laser technology facility expansion
- $3 billion+ investment
- Apple awarded $1 billion in grants
- Begin construction 2025
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SHERMAN:
A FOCUS ON TECH EDUCATION
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Tech Education
Schools from K-12 to college are getting involved in the tech boom in Texoma. Sherman High School (pictured to the right) is offering partnerships with high-tech firms like TI to expand STEM opportunities.
Sherman ISD has also teamed up with the National Math & Science Institute to help prepare students for careers in STEM fields.
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North Texas Semiconductor Institute
Meanwhile, the University of Texas at Dallas is working to streamline research and university work across Texas to help advance the semiconductor industry in Grayson County.
The institute is working with schools K-12, community colleges and higher education facilities within the University of Texas system.
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Hagerman National Wildlife Refuge
A haven that was established in 1946 to provide habitat for migratory birds, wildlife, and plants native to the area.
Learn more
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Sherman Jazz Museum
Home to artifacts and collections from many of the past’s famous jazz musicians.
Learn more
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Splash Family Aquatic Center
Equipped with two 2-story water slides, a drop slide, a diving board, a 1,200-foot current channel, and a tot zone.
Learn more
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Harber Wildlife Museum
Along with many animal species, there is also an extensive collection of African artifacts on display.
Learn more
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- Denison- 15 min.
- Dallas- 57 min.
- Bonham- 30 min.
- Gainesville- 39 min.
- McKinney- 31 min.
- U.S. 82
- U.S. Route 75
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Texas is booming; so is Sherman
KTEN
Numbers are in for U-Haul's Growth Index report for 2013, and for the third consecutive year, more people moved to Texas than any other state.
And there is evidence of that growth in Sherman...
"This year alone, new values from new properties that were built added almost $300 million of value to the roll, so that's a substantial number," said Sherman Deputy Mayor Shawn Teamann. "It's just an indication of the growth that we're experiencing."
Read more!
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Sherman City Council approves 200-acre Greenway Development
KXII
The Sherman City Council approved plans for a 200-acre residential, and retail development to be built on OB Groner Rd. near FM 1417 in Monday’s meeting.
After the Greenway development was denied by the Sherman Planning and Zoning Committee in December, contractors were able to appeal with the city council which approved the plans.
Read more!
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Grayson College calls for $456.5 million bond
KXII
The Grayson College Board of Trustees has called for a $456.5 million bond, “that would allow us to expand our facilities and as we see the growth coming to our area,” said Grayson College President, Dr. Jeremy McMillen.
Growth brought by TI and Global Wafers, “they need 750 employees to work in the technician space each year for the foreseeable future, in fact, that number goes to 1,000,” Dr. McMillen said.
Read more!
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SHERMAN:
OTHER PROJECTS IN THE WORKS
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Sherman Mall Expansion
$20 million venture that will include Dillard’s and Burlington’s
Workforce Solutions Texoma
Secured $300,000 grant from Texas Workforce Commission
Airport Expansion
North Texas Regional Airport receives $4 million in state grants
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Sherman Beach Club
Lagoon construction to begin 2024, expected completion by 2026
US 75 Construction
$142 million project will extend Major highway into Denison
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READY TO INVEST IN SHERMAN?
CONTACT OMNIKEY REALTY'S
INVESTMENTS TEAM!
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We are a licensed, top-rated, and experienced property management firm servicing North, East, Central, and South Texas and beyond since 2006. We specialize in single, multi-family, and commercial properties. Our goal is to make the investment property ownership and rental experience a positive, stress-free, and successful one.
VISIT THEIR WEBSITE NOW!
TX #0560726 & OK #205650
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info for this email from: 2020 Census ACS data, U.S. Census Bureau data, Redfin, RocketHomes, Zillow, realtor.com, Bureau of Labor Statistics, Sherman Economic Development Corporation, TripAdvisor.com, DataUSA, Indeed, Apple Maps, kxii.com, kten.com, dallasnews.com, censusreporter.org, MetroTex | |
SHERMAN, TEXAS CITY SPOTLIGHT | |
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