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Booming Texas Cities

** BOOMING TEXAS CITIES Economists have attributed Texas' ability to survive and thrive through recent economic setbacks to its friendly regulatory environment, lack of state income tax for corporations or people, and highly-educated labor market. Several Texas cities have been cited as the fastest-growing and most economically sound in the United States. Texas Gulf Coast Consortium of Community Colleges breaks down the numbers. ODESSA AUSTIN DALLAS HOUSTON In 5 years, revenue for oil Voted by Forbes as one Contains 18+ Fortune 500 3rd largest employment and gas extraction grew of the Best Places for Companies in the city's center in the region with metropolitan area. 34.2 % to $555.2 billion. Business and Careers. 78,000+ employees ECONOMIC GROWTH (Gross Metro Product) GMP is one of many ways to measure the success of economy output. Cities like Odessa, Austin, Dallas and Houston produce more GMP than the national average. ODESSA - 6.7% AUSTIN - 3.7% DALLAS - 3.4% HOUSTON - 2.2% NATIONAL - 1.9% UNEMPLOYMENT Texas metropolitan areas have some of the lowest unemployment rates in the nation because of Texas' ability to weather rocky economic times and recover faster than other states. 11 ODESSA - 3.5% AUSTIN - 4.9% DALLAS - 5.7% HOUSTON - 5.8% NATIONAL - 7.3% POPULATION GROWTH More and more non-native Texans see our metropolitan areas as great places to settle down. ODESSA - 5.2% AUSTIN - 2.7% DALLAS - 2.1% HOUSTON - 2% NATIONAL - 7% INCOMING JOBS Texas is producing more new jobs than any other state, and companies have taken notice. Several new companies are moving jobs from other states to Texas, and those additional jobs have won Texas accolades for being business friendly. One particular petrochemical company* headquartered in Texas is going to generate more new Texas jobs in the next decade than any of the newcomers to Texas. TOYOTA ExxonMobil 4,000 JOBS V NEOVIA 200 JOBS 10,000 JOBS KOHĽ'S FACT: EXXONMOBIL is TEXAS' LARGEST EMPLOYER WITH 124,000 WORKERS IN THE STATE. 400 JOBS State Farm" 8,000 JOBS M MOTOROLA 2,000 JOBS Texas sees community colleges as essential to fueling economic growth throughout the state. Earning a two year associate degree at one of the many community colleges in Texas often leads to higher salary and lower student debt, than the average four year college bachelor's degree. Learn how you can make an average of $100,000 a year with an associate degree from a TGCCCC member college. TEXAS GULF COAST COMMUNITY COLLEGES Created by: Texas Gulf Coast Consortium of Community Colleges Visit:

Booming Texas Cities

shared by dbyrd32 on Aug 28
Austin, Odessa, Dallas and Houston were considered to be some of the fastest growing cities in America in 2013 and again in 2014. Part of the reason for this growth is these cities' low unemployment r...


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