Austin Community College is building a new campus and there are plans in the works for a Wal-Mart. Elgin does not have a Lowe's, but it has 2 local hardware stores. Elgin is located right about in the middle of Austin, Taylor and Bastrop. Bastrop has a Lowe's and Home Depot and Taylor has several great stores, including a Wal-Mart.
As mentioned ACC is offering classes in Elgin. They are currently holding classes at the new elementary campus, and the actual ACC campus will be opening in the spring of 2013. Wal-Mart is scheduled to open a store in the next year here. And the local grocery chain, HEB is planning on expanding their shopping center. Growth should also follow the expansion of the 290 corridor between Austin and Houston.