The outlook for the Gulf Coast region remains positive. The region’s diverse and mature industrial mix will provide valuable support for the state and national economies.
Personal income levels in the region exceed the state average by 24 percent, at $45,968 versus $37,083. The region’s employment in private health care showed strong growth in the first eight years of this decade, and its construction projects related to health care were among the state’s ten largest in 2008 and 2009. Emerging industries including trade, transportation and tourism should remain strong, as will the more traditional energy industries.
The region is home to several of the world’s largest energy companies, including BP, CITGO, ExxonMobil, Shell and ConocoPhillips. Its four major ports support the region’s manufacturing and energy industries as well as international trade.
Enrollment in the region’s educational institutions remains robust. In fall 2008, 243,553 students were enrolled in the Gulf Coast region’s public and private universities, colleges and health-related institutions.
The Comptroller’s office is ready to help the Gulf Coast region meet its challenges by providing economic information and analysis. For assistance, please e-mail the Comptroller’s Local Government Assistance and Economic Development Division at email@example.com, or call toll-free at 1-800-531-5441, ext. 3-4679.
Map of Economic Regions
Source: Texas Comptroller of Public Accounts.
Contact information for local government assistance is also available on the TexasAhead Web site.
We will continue to provide local and state leaders with detailed information in this ongoing series. We hope you look forward to future volumes in this series, which will highlight each of the state’s 12 economic regions (Exhibit 67).
Please see the Comptroller’s Texas in Focus: A Statewide View of Opportunities for a statewide perspective, as well as the other regional reports in this series, listed below.