Gulf Coast Natural Gas Initiative Conference & Workshop
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1 Gulf Coast Natural Gas Initiative Conference & Workshop HOUSTON PORT REGION ECONOMIC DEVELOPMENT September 16, 2014 Chad Burke, President/CEO
2 Economic Alliance Houston Port Region exists to market and grow a vibrant regional economy
3 16 Communities Represented City of Baytown Channelview Community City of Deer Park City of Galena Park City of Jacinto City City of Shoreacres City of La Porte City of Morgan s Point East End Community (Chamber) North Shore Community City of Pearland City of Pasadena City of Seabrook Community of Sheldon Community of South Belt-Ellington City of South Houston Funded by: Private Memberships & Government Contracts All Rights Reserved December 31, 2007
4 A Regional Partnership Eleven Chambers of Commerce Lee Community College San Jacinto Community College University of Houston Clear Lake Nine School Districts 200 Private Companies Harris County Port of Houston Authority Funded by: Private Memberships & Government Contracts All Rights Reserved December 31, 2007
5 Business Development Activities to create an environment that encourages new business development and expansion of existing business
6 Fourth Largest U.S. Metro Economy 2012 Gross Domestic Product Rank Metro Area $ Billions 1 New York 1, Los Angeles Chicago Houston Washington Dallas-Ft Worth Philadelphia San Francisco Boston Atlanta Source: U.S. Bureau of Economic Analysis
7 Second Fastest Growing Economy
8 U.S. Shale Gas Abundant
9 Technology Unlocks Natural Gas Supplies BCFD North America Gas Supply Advanced Technology 120 LNG Local Unconventional Local Conventional Natural gas - fastest-growing major fuel through 2040 Demand rising by more than 60% ExxonMobil 2013 Outlook for Energy
10 Abundant Shale Gas, Expansive Supply Infrastructure Bakkan Marcellus Barnett Woodford Fayetteville Haynesville-Bossier Eagle Ford Houston Area Existing/Expanding Probable - New Source: Press announcements, Bentek
11 Turning Natural Gas into Consumer Products
12 Incentive Programs at all levels: Federal Foreign Trade Zones Business Development County Tax Abatement The Freeport Tax Exemption State Enterprise Zones Texas Product / Business Fund Skills Development Fund Texas Enterprise Fund Permit Time-Frame Reduction Local Tax Abatements 4A / 4B Sales Tax Program 313 Tax Abatements (ISD s)
13 Shale gas production projects domestically: 188 projects / cap investment of $116.9 billion (up from 97 projects / $71.7 billion in 3/2013) 62% is foreign direct investment U.S. is now the leading global producer of natural gas liquids (ethane, propane, butane) American Chemical Council
14 $35 Billion Projected Investment $800 Million* Taxes $12.3 Billion Labor 111,700 Construction Jobs* 154,100 Induced & Indirect Jobs* *Estimated by Martin Associates
15 Business Development Projects - Jobs & Capital Chairman: Randy Drake Drake Enterprises 2014 Active Projects: 25 projects, 900 Jobs, and $3.7B in Cap Inv 2014 YTD = 3 Wins, 145 Jobs, $1.7B in Cap Inv Since 2008, over 40 Project Wins, 4,400 new jobs and $5.5 billion of capital investment.
16 Employment (Millions) Employment 2.9 Total Nonfarm Payroll, Houston Metro Area, '04 - ' Jan '04 Jan '05 Jan '06 Jan '07 Jan '08 Jan '09 Jan '10 Jan '11 Jan '12 Jan '13 Jan '14 Jan '15 Source: Texas Workforce Commission
17 Workforce Development Committee: Chairman: Dr. Allatia Harris, San Jacinto College Legislative Work in Texas and DC 11 ISD s, Lee & San Jacinto CC, PHA, & EHCMA Member companies interested in improving the supply of skilled workforce 26 presentations throughout the region since January to ISD s and community groups
18 Workforce Development Objectives: 1. Regional coordination of programs and stakeholders 2. Creating a marketing program for students, teachers, counselors and parents to expose career paths, jobs and opportunities to all 3. Inventory of jobs/careers available and qualifications and requirements for employability
19 Workforce Development Materials:
20 Economic Alliance Houston Port Region exists to market and grow a vibrant regional economy Questions?
21 Thank you
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