Is the Corpus Christi Area Reaching Its Economic Goal

1. Is the Corpus Christi Area Reaching Its Economic Goal

2. Presented by William H. Fruth POLICOM Corporation 2740 SW Martin Downs Blvd. Palm City, FL 34990 772-781-5559fruth@policom.com www.policom.com

3. How a local economy works.

4. Primary or contributory industries import money.

5. Consumptive or dependent industries use and consume this money.

6. Growth in size depends upon the amount of money flowing into the area.

7. Growth in quality depends upon the wage level of the primary industries.

8. Characteristics of Primary Employers • Sell goods and services outside the economy, importing money to the area. • Geographic location influences operating costs, thus profitability. • Since their market is not local, they do not have to be in an area to sell their product. • They will move when it is unprofitable to be located in an area.

9. Metropolitan Statistical Areas 363 Micropolitan Statistical Areas 577

10. Economic Strength The long term tendency for an area to consistently grow in both size and quality.

11. TEN STRONGEST METROPOLITAN AREAS

12. TEN WEAKEST METROPOLITAN AREAS

13. TEN STRONGEST MICROPOLITAN AREAS

14. TEN WEAKEST MICROPOLITAN AREAS

15. Texas Metropolitan Areas

16. Texas Metropolitan Areas

17. Texas Metropolitan Areas

18. Texas Metropolitan Areas

19. Corpus Christi Economy

20. Corpus Christi Economic Strength Rankings

23. Primary Industries % of Contribution

29. How To Improve a Local Economy Create more primary industry jobs which pay a wage higher than the area average.

30. Economic Development

31. Economic DevelopmentThe process which improves the standard of living for the people who live and work in an area.

32. Existing IndustryRecruitmentStart-Up

33. Economic Development Goal Setting Study 2005

34. Projections and Goal

37. Annual Milestones

39. Performance Evaluation

43. Annual Milestones

45. Economic Impact

46. Much More Aggressive Goal

50. Amarillo