Gulf Coast Natural Gas Initiative Conference & Workshop HOUSTON PORT REGION ECONOMIC DEVELOPMENT September 16, 2014 Chad Burke, President/CEO
Economic Alliance Houston Port Region exists to market and grow a vibrant regional economy
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
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
Business Development Activities to create an environment that encourages new business development and expansion of existing business
Fourth Largest U.S. Metro Economy 2012 Gross Domestic Product Rank Metro Area $ Billions 1 New York 1,358.4 2 Los Angeles 765.8 3 Chicago 571.0 4 Houston 449.4 5 Washington 448.7 6 Dallas-Ft Worth 420.3 7 Philadelphia 364.0 8 San Francisco 360.4 9 Boston 336.2 10 Atlanta 294.6 Source: U.S. Bureau of Economic Analysis
Second Fastest Growing Economy
U.S. Shale Gas Abundant
Technology Unlocks Natural Gas Supplies BCFD North America Gas Supply Advanced Technology 120 LNG 100 80 Local Unconventional 60 40 20 0 Local Conventional 2000 2025 2040 Natural gas - fastest-growing major fuel through 2040 Demand rising by more than 60% ExxonMobil 2013 Outlook for Energy
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
Turning Natural Gas into Consumer Products
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)
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
$35 Billion Projected Investment 2012-2015 $800 Million* Taxes $12.3 Billion Labor 111,700 Construction Jobs* 154,100 Induced & Indirect Jobs* *Estimated by Martin Associates
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.
Employment (Millions) Employment 2.9 Total Nonfarm Payroll, Houston Metro Area, '04 - '15 2.8 2.7 2.6 2.5 2.4 2.3 2.2 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
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
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
Workforce Development Materials:
Economic Alliance Houston Port Region exists to market and grow a vibrant regional economy Questions?
Thank you Chad@allianceportregion.com www.allianceportregion.com @EconAlliance