AQUA BOOK 2014 - Page 12

Aransas County The key private industries in Aransas County are retail trade, and accommodation and food services, each accounting for almost one in five jobs in the area. The sheer sizes of those two sectors highlight the importance of tourism for the community relative to other parts of the Coastal Bend. Employment Growth 2012-13 by Industry Government Other Services (except Public Admin) Accommodation & Food Services Arts & Recreation Health Care & Social Assistance Educational Services (Private) Administrative & Support Management of Businesses Professional & Scientific Services Real Estate & Rental Finance & Insurance Information Transportation & Warehousing Retail Trade Wholesale Trade Manufacturing Construction Utilities Mining Agriculture Despite the distance from the Eagle Ford and the city of Corpus Christi, where much development has taken place, Aransas county is also witnessing rapid expansion in the mining and construction industries. Employment grew about 20 percent between the two industries in 2013. -30% -20% -10% 0% 40% 30% 250 20% 200 10% 150 0% 200 150 100 50 100 -10% 2010 2011 Business activity in Aransas county has remained relatively stable over time. The declines in business receipts were relatively mild during the Great Recession period of 2007-2009. Since 2010, the 10 | 2012 50 -20% 0 2009 30% 300 Y-o-Y % Change (right scale) 2008 20% Home Starts Sales Volume, $mil (left scale) 250 10% 0 2013 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 monthly volume of business sales grew steadily over time around 10 percent on a year-over-year basis. The housing industry appears to have stabilized from the last peak in 2005 when more than 250 new Annual Review of the South Texas Economy – 2014 Edition homes were built. During each of the two previous years, approximately 90 new homes were built.