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Economic Development Digest
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| Economic Development News
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Opportunity Zone Summit | Monday, August 19
The Gulf Coast Economic Development District (GCEDD), the U.S. Economic Development Administration (EDA), and the International Economic Development Council (IEDC) are hosting a summit for communities and investors interested in developing real estate and businesses in the region's Opportunity Zones. The summit will be from 9:30 a.m. to 12:30 p.m. Monday, August 19, at the Houston-Galveston Area Council, Second Floor Conference Room B, 3555 Timmons Lane.
The summit will focus on providing technical assistance that community developers can use to market their project to Opportunity Zone investors. Registration is required, and limited to those actively seeking to develop projects and businesses in Opportunity Zones.
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Harris County Small Business Import & Export Summit | September 6
Harris County Precinct 2 Commissioner Adrian Garcia invites you to attend the inaugural Small Business Import & Export Summit on Friday, September 6, from 8:30 a.m. to 12:30 p.m. at the Sylvan Beach Pavilion, 1 Sylvan Beach Drive, La Porte.
Experts will share their insights on the regional and global market outlook and provide instructions on how to obtain financial assistance. Registration is required.
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Amazon Opens New Tech Hub in Houston
Amazon officially opened the doors of the new 25,000-square-foot hub in CityCentre on July 26. The company expects to hire a team of roughly 150 Amazon Web Services (AWS) employees to work at the site.
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Announcing the 2019 NADO Photo Contest
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Disaster Recovery Program | IEDC
The International Economic Development Council (IEDC) is placing experienced economic development professionals as volunteers in economic development organizations throughout
the region that can use expert input doing various
tasks such as:
- Attracting inward investment
- Business outreach, retention and recovery
- Community outreach, finance, flood control and mitigation
- Grant writing, strategic planning, and training/education
Thanks to U.S. Economic Development Administration funding, the volunteers-- who typically come for five days and then do supplementary work remotely--are completely free of charge to communities in the region.
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TEEX Recovery Courses Accepting Course Requests/Reservations
Texas A&M Engineering Extension Service (TEEX) is accepting course requests and reservations. The 12-hour Disaster Recovery Public Assistance course and the four-hour Disaster Recovery for Senior Officials course can be scheduled now. TEEX will come to your community; there is no-cost for this training. For more information, contact Andrew Wenzel, Program Director, at [email protected].
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June Gulf Coast Labor Market Analysis
Workforce Solutions provides a monthly analysis of the Gulf Coast region's labor market. Some highlights from the June 2019 report are:
- The regional unemployment rate was 3.8%, which is up .6% from last month, but down from 4.6% last year.
- Trade, Transportation, and Utilities added the most jobs (6,700)
- All sectors except Information showed year-over-year growth
The report highlights data from the Texas Workforce Commission and the Bureau of Labor Statistics focusing on the region's 13 counties. Reports are available on Workforce Solutions' webpage.
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Jobs Plus Initiative | October 1, 2019
The Jobs Plus program develops locally-based, job-driven approaches that increase earnings and advance employment outcomes through work readiness, employer linkages, job placement, educational advancement, technology skills, and financial literacy for residents of public housing. The place-based Jobs Plus program addresses poverty among public housing residents by incentivizing and enabling employment through earned income disregards for working residents and a set of services designed to support work including employer linkages, job placement and counseling, educational advancement, and financial counseling.
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The Sarah at Lake Houston broke ground last month at 17810 West Houston Parkway in Atascosita. The three-story, 350-unit is expected to be complete in 2020.
Fort Bend ISD's 12th high school campus is being built on an 80-acre plot near the Ferndell Henry Center for Learning and Heritage Rose Elementary School east of FM 521 in Rosharon. The 485,000-square-foot campus is expected to open by the 2022-2023 school year.
Larkspur at Shadow Creek, a 55-and-older community, broke ground on a 12-acre property at 12635 Shadow Creek Parkway in Pearland. The 257-unit will include 42 private cottages. The project will become available in 2020.
Alta River Oaks, a seven-story apartment building, will start construction at 3636 W. Dallas Street. The 364-unit project will open in 2020. Alta West Alabama recently broke ground at 3623 W. Alabama Street. The 304-unit luxury community will open in 2020.
Telge Crossing is being built on 24 acres at the southwest corner of Telge Road and Jarvis Road. The mixed-use project will include 15,000 square feet of retail, 12,000 square feet of office space and a 303-unit multifamily project. The development is expected to be complete in 2020.
The Lower Heights District along I-10 between Studemont Street and Sawyer Street. This mixed-use project will be built in phases. Phase I will be complete in 2020 and will include 370-unit multifamily development Alexan Lower Heights and 75,000 square feet of retail and restaurant. There will be an additional 370-unit multifamily project, 150,000 square feet of office space, and 75,000 square feet of retail for future phases.
Plans for mixed-use, 900-acre project Bridgeland Central are underway. The development will contain 1,650 single family units and 2,200 multifamily units and will be located east of the Grand Parkway, between Bridgeland Creek Parkway and Bridgeland Lake Parkway. Phase 1 of the project will feature 800,000 square feet of retail, 40,000 square feet of restaurants, a 36,000-square-foot, 250 hotel rooms, 650 multifamily units, and 350,000 square feet of office space. Construction could begin in 2020. Houston Methodist Clear Lake Hospital will start construction on a multi-year project expansion of its campus at 18300 Houston Methodist Drive. The first phase of the expansion is a six-story, 150,000-square-foot medical office building.
Compiled from reports in Community Impact Newspapers, Houston Chronicle, and Texas A&M University Real Estate Center
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