Pasadena ISD September 28, 2012 Bob Mitchell President Bay Area Houston Economic Partnership Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
• Who is the Bay Area Houston Economic Partnership? • Economic Climate in the Nation/State/Region • Ellington Airport • Johnson Space Center • Storm Surge Suppression Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
• 35 years • 275 funding members • 13 Cities, 2 Counties • Port of Houston Authority • 5 School Districts • 800,000 residents live and work in the region • 501(c)(6) Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
Regional Industry Clusters • Aerospace & Aviation • Maritime • Specialty Chemical • Healthcare/Life Sciences Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
58 Current BAHEP Projects • 25 Manufacturing • 14 Chemicals & Plastics • 4 Office • 3 Aerospace / Aviation • 3 Warehousing / Distribution • 2 Bio / Medical / Health • 2 Retail Sales • 2 Information Technology • 1 Defense and R & D • 1 Recreation/Tourism/Hospitality • 1 Housing Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
• Economic Climate o Nationally o Statewide o Regionally Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
The Current U.S. Business Environment • Profits are high, but cash is idle • Borrowing costs are low • Focused limited new hiring • Complaints about “over - regulation” and “uncertainty” Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
Consumer Health • Wage growth is minimal • Still working off personal debt • Concerned about losing their job • Concerned about their home value • Rethinking their retirement plans • Trying to save more Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
What About That Fiscal Cliff in December? • Threats of the $5 trillion “fiscal cliff” scaring the public 1) Expiration of Bush Tax Cuts 2) End of 2% payroll tax holiday 3) Extended unemployment compensation benefits end 4) Automatic across-the-board spending & budget cuts kick in (sequestration) • What is Sequestration? A mechanism through which automatic, across the board spending cuts are made • The Budget Control Act (BCA) of 2011 Aims to reduce the deficit by $2.3 trillion over 10 years • For example, the hit on Defense could be significant – $485 billion already decided & $600 billion more with the across-the-board cuts • NASA $1.4 billion Source: Real Estate Center at Texas A & M University, Mays School of Business Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
Texas Job Growth • Texas versus the U.S . Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
Economic Climate in the Region Texas Comptroller Susan Combs announced that “state sales tax revenue has now increased for 27 consecutive months ” City 2011 Year End Increase Jan-Sept 2012 Increase Dickinson 16.02% 26.08% Friendswood 4.24% -3.77% Houston 7.35% 12.46% La Porte 3.50% 23.62% League City 5.51% 9.60% Nassau Bay 12.62% 13.89% Pasadena 5.17% 7.78% Webster 8.18% 3.31% Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
Eagle Ford Drilling Permits Issued Total 2010 – 1,010 Total 2011 – 2,826 YTD 2012 - 3,326 Source: Real Estate Center at Texas A & M University, Mays School of Business
Nestle Waters North America has opened a 312,000 SF facility for its bottled water operation. Three New! manufacturing lines – Kuraray America is 50 employees each building an approx. line. $300 million PVOL resin chemical plant in La Porte – 110 new jobs – and will New! expand its EVAL La Porte NA Industries is plant in Pasadena - building a $100 million $49 M investment – polymer facility in 15 new jobs. Bayport Industrial District – 60 new jobs Pasadena New! Air Liquide is building New! a new hydrogen plant Celanese Corp. will in Bayport Industrial build a new methanol District production plant – approx $500 million to $1 billion investment Bayport No. Industrial Park & Distribution Center New! Lummus Pasadena Light Industrial District Technology is New! building 20,000 Oxiteno, a subsidiary SF office and of Brazilian-based 80,000 SF Ultrapar Holdings, manufacturing LyondellBasell expanding Calpine Corporation leased will start up a new facility - $31 capacity at La Porte 83,500SF for its turbine specialty chemical million ethylene plant -- $500 maintenance group -- Bay investment – 35 plant in Bayport - $30 million investment for all Area Business Park million investment new jobs Houston-area projects Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
Chemical Industry Expansion • All a result of the Eagle Ford shale and the widening of the Panama Canal • 2010-2012 $15 Billion spent on projects along the Houston Ship Channel • 2013-2015 $20 Billion in planned projects • More than 20,000 new skilled labor jobs over the next 6-8 years Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
Natural Gas Prices $/MmBTU Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
Texas Eagle Ford Shale 2008-2012 11,986 358 Source: Texas Railroad Commission Clear Lake Shores Dickinson El Lago Friendswood Houston Kemah La Porte League City Nassau Bay Pasadena Seabrook Taylor Lake Village Webster Harris County Galveston County Port of Houston Authority
Recommend
More recommend
