Lubbock recently landed the largest private investment in city history for a facility that will add a new product to the local economy: mozzarella.
Leprino Foods, one of the largest mozzarella producers in the world, plans a West Texas location that will employ hundreds of local people. And crucially, the investment represents progress on a key goal community leaders described to Dallas Fed President Lorie Logan on her visit—diversifying the regional economy, which has been long dominated by education, health care and agriculture, by attracting companies in high-growth industries.
With a 3.9 percent annualized employment increase, Lubbock’s growth in the past year was led by manufacturing, Dallas Fed research shows. And while one-fifth of people in the region are affiliated with Texas Tech University, community leaders are collaborating to introduce high school graduates to trade programs, an alternative for those electing not to pursue a traditional college degree.