AQUA BOOK 2014 - Page 34

San Patricio County San Patricio county’s economy is well-diversified. The county has the largest manufacturing sector in the Coastal Bend. More than one in 10 jobs belongs to industrial manufacturing. The government sector has diminished considerably after the closure of its military base. The construction sector is the leading private employer, much of which supports the development and maintenance of the heavy manufacturing industry. With the construction of several large-scale industrial sites underway, construction employment will continue to expand in years to come. Current developments in the Port of Corpus Christi district will also shape the future economic landscape of the county. The expanding manufacturing sector in San Patricio county is poised to be a boon to the metro area economy. The Eagle Ford oil and gas production has also contributed much to the development of the local mining sector. Employment in oil and gas extraction doubled from 63 in 2008 to 126 in 2013. Businesses in support activities for oil and gas exploration also more than doubled their employment over those years. 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 -20% -15% -10% -5% In 2013, almost every industry added jobs. In addition to the continuous expansion in employment for oil and gas extraction, the development of heavy manufacturing industries has boosted construction employment significantly. Sales 80% Volume, $mil (left scale) Y-o-Y % Change (right scale) 60% 700 5% 10% 15% Industry expansion alongside Port of Corpus Christi also created jobs in water transportation. Since mid-2013, the increasing volume of outgoing shipments of crude oil has made the Port a net exporter rather than an importer. Home Starts 400 350 300 600 40% 500 20% 400 300 0% 200 -20% 100 0 -40% 2008 2009 2010 2011 Businesses in San Patricio county suffered remarkably during the closure of Naval Station Ingleside. The volume of local business sales reduced 20 percent 32 0% | 2012 2013 250 200 150 100 50 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 in 2010. Business activity has slowly recovered since 2011. The county’s housing market has also picked up at a moderate pace. More than 350 homes Annual Review of the South Texas Economy – 2014 Edition were built in the midst of the last housing boom during 2006. After a long period of declines, new home starts began to pick up in 2012.