INDUSTRY UPDATES

Energy industry overview

Houston is the U.S. energy headquarters and a world center for virtually every segment of the oil and gas industry including exploration, production, transmission, marketing, supply and technology.
Download article here.


GULF COAST ECONOMY

Texas Gov. Abbott believes Gulf Coast area set to explode with growth
Read article here


Oil is back in Houston’s driver’s seat

Houston’s oil and gas industry is set to return as the driver of the Houston economy, propelled by higher prices, increased production and expanding international markets, according to a new economic forecast.
Read article here. 


Opportunity Zones

Economic development is the cornerstone of any city or county's efforts to build its tax base.  A bigger tax base can mean more revenue for a taxing entity, which in turn can result in a better quality of life and improved services for residents. A federal program called Opportunity Zones — included in last year's Tax Cuts and Jobs Act — could help with local efforts to grow the tax base, though how that program will be rolled out is still unknown.
Read article here.


gulf coast venture
project

ExxonMobil Chemical Co. and Saudi Basic Industries Corp., known as SABIC, have formed a new joint venture for their Gulf Coast Growth Ventures project, according to a May 1 press release. 
Read article here.