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Water and the Economy Water is an especially critical natural resource in Texas, but quality is as important as quantity. A plentiful supply of clean water is critical to economic development. Businesses considering whether to locate to a new community investigate the availability, cost, and quality of water. Just as a company would not intentionally purchase a piece of property with a hazardous waste problem, businesspersons are skeptical of moving to communities that will have a significant tax burden due to water problems. It is a basic business decision: if water or taxes are too expensive, they will go elsewhere. Polluted water hurts economic development. |
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