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Presented by Patrick Jankowski, Vice President, Research

Houston Economic Overview. Presented by Patrick Jankowski, Vice President, Research. Houston Area Profile. Houston Area Profile. 9 Counties 125+ Cities and towns Most Populous Harris County City of Houston. The Big Picture. Fifth Largest U.S. Metro Economy.

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Presented by Patrick Jankowski, Vice President, Research

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  1. Houston Economic Overview Presented by Patrick Jankowski, Vice President, Research

  2. Houston Area Profile Houston Area Profile • 9 Counties • 125+ Cities and towns • Most Populous • Harris County • City of Houston

  3. The Big Picture

  4. Fifth Largest U.S. Metro Economy Source: U.S. Bureau of Economic Analysis

  5. Fastest Growing Major Metro Economy Source: U.S. Bureau of Economic Analysis

  6. Houston has a long history of economic growth.

  7. Fifth Most Populous Metro Source: U.S. Census Bureau

  8. Fastest Growing Major Metro Source: U.S. Census Bureau

  9. Growth is the norm for Houston.

  10. Employment Picture

  11. Employment

  12. Employment

  13. Employment 325,400 = jobs created since recession bottom

  14. Houston vs. the Top Metros Percent of jobs recovered through June ’13Houston vs. Top 10 Metros Source: U.S. Bureau of Labor Statistics Seasonally adjusted 100%

  15. Houston vs. the Top Metros Percent of jobs recovered through June ’13Houston vs. Top 10 Metros Source: U.S. Bureau of Labor Statistics Seasonally adjusted 100%

  16. Houston vs. the Top Metros Percent of jobs recovered through June ’13Houston vs. Second Tier Metros Source: U.S. Bureau of Labor Statistics Seasonally adjusted 100%

  17. Job Growth

  18. Job Growth

  19. Annual Job Growth (000s) Source: U.S. Bureau of Labor Statistics

  20. Annual Employment Change Source: Texas Workforce Commission

  21. Unemployment 6.7% = Houston’s current unemployment rate

  22. What’s driving Houston’s growth

  23. Energy

  24. 28.8% of U.S. jobs in oil and gas extraction 11.7% of U.S. jobs in oil field services 16.5% of U.S. jobs in O&G and construction machinery manufacturing World Energy Headquarters

  25. And energy jobs pay very well. Average weekly wage • Oil and Gas Extraction = $4,301 • Support Activities for Mining = $2,353 • Ag., Construction, and Mining Machinery = $2,267 • All Industries = $1,255

  26. Energy entering a new phase Increased domestic oil and gas production. Cheap, abundant gas to spur manufacturing re-shoring. 33 local chemical plant expansions underway.

  27. Oil Prices & Employment Growth

  28. Houston is an engineering center. • 2,800 engineering and architectural firms operate here • 20 of the world’s 25 largest with Houston operations • 86,380 engineers, architects and technicians

  29. What’s driving growth . . . Foreign Trade Houston-Galveston Customs District $ Billions (U.S.) Exports Imports

  30. International Trade -Houston-Galveston Customs District Foreign Trade • Ports – Houston, Galveston, Texas City, Freeport, Corpus, Victoria • Airports – Bush Intercontinental, Sugar Land Regional • 41 countries with $1+ billion in trade • 17 commodities with $1+ billion in trade • Oil, industrial equipment, computers, chemicals, plastics, rubber, iron and steel products, copper products, motor vehicles, scientific instruments, beverages, grains

  31. Foreign Trade – Port of Houston • 15th Busiest Port in the World • First in the U.S. in foreign tonnage • Second in U.S. in total tonnage • 220 million tons annually • 8,000+ deep draft ships called at Houston • Service between Houston and more than 1,000 world ports

  32. Houston’s Top 25 Export Destinations

  33. Houston’s Top 25 Export Destinations

  34. Outlook for Houston’s Export Destinations

  35. Outlook for Houston’s Export Destinations

  36. International business presence More than 100 international companies have opened, expanded or relocated to Houston in the last few years… What are you doing right now

  37. Aviation supports growth • Three Airports • Bush Intercontinental • William P. Hobby Airport • Ellington Airport • Passengers • 50.3 million passengers in ’12 • Air cargo • 419,000 metric tons in ’12 • 13 international passenger carriers • 68 destinations in 30 countries • 11 domestic carriers • 119 domestic destinations

  38. Houston’s Global Reach Source: Houston Airport System

  39. Houston has the nation’s largest medical center. • Texas Medical Center • 45.8 million gross sq ft physical space • 106,000 employees • 54 member institutions, including 17 hospitals • 7.2 million patient visits annually • More than 16,000 international patients

  40. Population Growth • Growing population • 125,000 people/year • Infant population • 65,000 births/year • In-Migration • 60,000 newcomers/year • Aging population • 15,000 seniors (65+)/year Source: U.S. Census Bureau

  41. Houston Outlook

  42. Population

  43. Employment

  44. Gross Regional Product

  45. Houston Economic Overview Presented by Patrick Jankowski, Vice President, Research

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