B/CS Chamber Economic Outlook Briefing
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B/CS Chamber Economic Outlook Briefing September 1, 2021
Transcript of B/CS Chamber Economic Outlook Briefing
B/CS Chamber Economic
Outlook Briefing
September 1, 2021
The BVEDC Team
Steve FullhartCommunications
Chuck MartinezBusiness
Development
Matt ProchaskaPresident/CEO
Tim NeeleyBusiness
Development
Kait JonesBusiness
Development
Hannah UllrichOffice
Administration
Our Mission and Funding Partners
The Brazos Valley Economic Development Corporation strives
to help companies
LAUNCH GROW LOCATE
in the region through its planning and support activities without
regard to municipal boundaries.
Private Sector InvestmentLeadership Council Members ($5,000/year)
Private Sector InvestmentVisionary Members ($2,500/year)
Visit brazosvalleyedc.org for more information on IBV
Local Economic Insights with Dr. Ray Perryman
Thursday, September 30, 11:30AM
Texas A&M Hotel and Conference Center
To register, visit brazosvalleyedc.org
U.S. Real Gross Domestic Product
Real Taxable Sales in Texas
Economic Indicators of the CS-B MSA
Monthly report authored by Texas A&M University’s PERC
Visit brazosvalleyedc.org and click “Economic Indicators”
• Unemployment Rate• Nonfarm Employment• Real Wages• Real Taxable Sales
Featuring the College Station-Bryan Business Cycle-Index, based on Models from the Federal Reserve Bank of Dallas
CS-B Housing Data: July 2021Source: Bryan-College Station Regional Association of REALTORS
CS-B MSA New Job PostsSource: JobsEQ
CS-B MSA Top Occupations by Jobs Posting VolumeSource: JobsEQ
Brazos County Population GrowthSource: U.S. Census Bureau
94,492121,862
152,415
194,851
233,849
272,470
320,200
365,863
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
1980 1990 2000 2010 2020 2030 2040 2050
Projected Populations
Information reflects community-wide project activity as reported by the Category 1 Funding Partners and the BVEDC. The intent of these metrics is to be inclusive of all primary-industry economic development projects for the Brazos Valley.
2021 Active ProjectsThrough 7/31 (Latest Info Presented to the BVEDC Board)
2021 YTD PROJECTS AVERAGE SIZE & SCOPE OF2021 YTD PROJECTSTOTAL: 60
PRE-2021 PROJECTSTOTAL: 97
OPEN
50WON
4DECISION
10
OPEN
89WON
5DECISION
8
CAPEX$330 M
OCC. SPACE (NEW)337,858 SF
NEW JOBS436
TIMING235 DAYS
Active Projects Comparison2021 vs. 2020, January Through July
2020 2021
YTD Projects 38 60
Pre-YTD Projects 75 97
Avg. CapEx $92.3 M $330 M
Avg. Occ. Space 246,137 SF 337,858 SF
Avg. New Jobs 231 436
Avg. Timing 278 Days 235 Days
258%
37%
89%
15%
29%
57%
YTD
Pro
ject
s
Recruitment Target SectorsBrazos Valley Economic Development Strategy
Applied Researchand Development
Professional andTechnical Services
Engineered Materialsand Components
2021 Active Projects by IndustryThrough 7/31 (Latest Info Presented to the BVEDC Board)
Biotechnology13%
Call Center / Back Office2%
Mixed Use2%
Research2%
Agriculture3%
Energy3%
Technology3%
Distribution6%
Professional Services15%
Manufacturing51%
2021 Announced ProjectsThrough 7/31 (Latest Info Presented to the BVEDC Board)
Biotechnology in the Brazos ValleyPart of Engineered Materials and Components
FUJIFILM Diosynth Biotechnologies’ Growth
• $120M capital investment for the expansion of local operations
• Mass production of COVID-19 vaccine candidates underway
• FDB workforce has more than doubled since April 2020; hiring continues
Texas Community Economic Development Award winning project
I-14 and I-214’s Potential Impacts“Forts to Ports” Interstate
Toll
Fredericksburg
00
100 Miles100 KM
50 50 KM
2525 KM
TempleBradyBelton
Lampasas
CameronHuntsville
Livingston Woodville
Jasper
RoundRock
Georgetown
Seguin
Beeville
Karnes CityKenedy
Sinton
Portland - La Quinta
LeesvilleSan
Saba
CopperasCove
MidlandOdessa
San Angelo
Killeen
BryanCollegeStation
Texarkana
Houston Beaumont
CorpusChristi
San Antonio
El Paso
FortWorth
Dallas
Austin
WacoLufkin
Laredo
McAllen
Brownsville
Rockdale
Lumberton
Kirbyville
Menard
Junction
SterlingCity
Madisonville
FUTURE
FUTURE
Eden
GardenCity
AlexandriaPineville
Shreveport
Baton Rouge
NewOrleans
Jackson
Natchez
Vidalia
Archie Brookhaven
Silsbee
Meridian
Laurel
Hattiesburg
BiloxiGulfport
Three RiversGeorge West
Pleasanton
Lockhart
FortStockton
Pascagoula
McCamey
CranePecos
Port Arthur
37
U.S.
69
123
U.S.
181
195
U.S.
96
2
69E
369
69
14
20
20 20
30
69
14
U.S.
190
U.S.
87158
49
U.S.
96
Don Rodman - June 8, 2020
U.S.
190
FUTURE
FUTURE
U.S.
83
20
55
30
U.S.
8449
63
59
U.S.
84
20
U.S.
190
14
14FUTURE
14FUTURE
14FUTURE
U.S.
49
U.S.
385
Connecting Energy Producing Regions to Coastal Industry and Terminals
and Military Facilities to
Strategic Deployment Ports
Red RiverArmy Depot
FortPolk
Port of Corpus Christi
Military Deployment Port•
Corpus ChristiArmy Depot
Port of BeaumontPort of Port Arthur
Military Deployment Ports
FortBliss
FortHood
CampShelby
CampBeauregard
Joint BaseSan Antonio
GoodfellowAFB
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I-14 Central Texas Corridor(Congressionally Designated in 2015 FAST Act) Proposed I-14 System Designations
Key System Connectors to Upgrade
Congressional Action Needed to Add
US 96 & US 69 to the I-14 Central Texas Corridor
Congressional Action Needed to Add
US 87/SH 158, US 83 & US 385 to the
I-14 Central Texas Corridor
Congressional Action Needed to Add
LA 8, LA 28, US 84 & I-59/US 49 Routesto I-14 Corridor
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3-State Expansion of the Congressionally Designated Interstate 14 Corridor
305
Pending congressional legislaton (HR 2220) would extend the current I-14 Central Texas Corridor designation west to Odessa. It would create the Central Louisiana Corridor and the Central Mississippi Corridor and extend the I-14 designation east to Laurel. It proposes to designate future north-south interstate connectors to Interstate 10, as follows: • US 385 and TX 305 from Odessa, TX to I-10 • US 83 from Eden to Junction, TX • US 69 from Woodville to Beaumont, TX • US 96 from Jasper to Beaumont, TX • I-59/US 49 from Laurel to Gulfport, MS
Gulf Coast Strategic Highway System
www.GulfCoastStrategicHighway.orgFor Info Contact: Don Rodman, Communications/Administration - 817-379-2461 - [email protected]
Larry Meyers, Washington Representative - 202-484-2773 - [email protected] Miles of I-14 in Bell County, between Killeen and I-35 at Belton,
was added to the Interstate Highway System in 2017
Celebrating America’s Newest Interstate Highway
Texas Gaining Congressional RepresentationSource: U.S. Census Bureau
