AQUA BOOK 2014 - Page 3

Table of Contents Inside Front Cover 1 2 6 Welcome Message Introduction The Big Picture Snapshots Across The Region Inside Back Cover Coastal Bend Aransas County Bee County Brooks County Duval County Jim Wells County Kenedy County Kleberg County Live Oak County McMullen County Nueces County Refugio County San Patricio County 7 9 11 13 15 17 19 21 23 25 27 29 31 Data Sources Introduction This overview of South Texas’s economic conditions begins with a look at recent economic and financial developments at the national level. Our regional economy is intertwined with the rest of the world. For this reason, national and state economic trends influence the business climate of our local communities. Our coverage of the region’s economy first includes some insight into recent developments in the Corpus Christi metro area, the key economic engine of the Coastal Bend. In addition to major economic and business indicators, we will describe conditions in the local labor and housing markets. We will also take a close look at individual communities in South Texas. As with Corpus Christi, the same measures of economic performance will be applied to the 12 counties that make up the Coastal Bend region. Data for the last quarter of 2013 are preliminary estimates. Although the economic landscape varies strikingly across this region, most local communities have experienced much stronger employment and income growth than the rest of the nation. One major source of current economic growth in South Texas is, of course, the oil boom in the Eagle Ford Shale formation. Despite impressive economic progress in recent years, we should be mindful of the longterm challenges facing South Texas. Among other challenges, local residents overall are still contending with income and education attainment levels well below the national averages. There is no better time for us to tackle those chronic problems than now! Annual Review of the South Texas Economy – 2014 Edition |