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Business & Industry
Katy Area Economic Development Council
News Release
Tuesday, May 16, 2017

Katy Area EDC establishes four target industries as part of Katy Area 2020

Katy, Texas -  Over the past several years, the economy of the Katy area has continued to evolve.  To keep pace with changing business trends, the Katy Area Economic Development Council Board of Governors identified four target industries as part of the organization’s new strategic plan, Katy Area 2020.  Target industries include headquarters, energy services, research and development facilities, and data centers.

The four aforementioned areas will be strategically targeted for growth and development through recruitment efforts by Katy Area EDC.  Target industries reflect the changing business climate of the Katy area while still maintaining a strong focus on the energy industry for which the Katy area has become known as part of the world-renowned Energy Corridor.

“Moving forward, the four target industries we have highlighted hold potential for growth in our area,” said Katy Area EDC President/CEO Lance LaCour.  “The diversification of business continues and I believe the target industries approved by our board reflect that.”

Headquarters operations remain a key component of Katy Area EDC recruitment with the well-paying and diverse set of employment opportunities provided by such operations.  Currently, the Katy area is home to headquarters of industry leading companies such as Academy Sports and Outdoors, BP, ConocoPhillips and Igloo.  Another new company, which will be moving into its 100,000+ sq. ft. regional headquarters in the Katy area is Pepperl+Fuchs. Pepperl+Fuchs manufactures and distributes industrial sensors and will open at West Ten Business Park in the City of Katy this year.  Katy Area EDC will continue to focus on growth in this area through targeted outreach programs.

Energy services companies make up a strong number of top companies in the Katy area.  Presently, over 70,000 people are employed in energy-related jobs within the Katy area 30-minute drive time.  As companies in this industry continue to streamline services and become more efficient, the Katy area is strongly positioned with its location in the Energy Corridor. Research and development (R&D) will also be a focus of the organization, building on the many R&D related companies within the area.  Both industry areas pose outstanding opportunities for growth and Katy Area EDC will promote the current business infrastructure and employment base in place for such companies to thrive.

Data Centers continue to grow in the area.  Recently, the Katy area has seen companies such as SkyBox, Teleflex, InfoTM and StratITsphere open operations.  It is anticipated this industry sector will continue to see strong growth as demand for cutting edge technology solutions continues to increase.

Efforts to target the four identified industries are already well underway.  In March, Katy Area EDC President/CEO Lance LaCour attended the Aberdeen-Houston Gateway in Aberdeen, Scotland.  The program allowed Katy Area EDC to network with many energy services companies.  Katy Area EDC Vice President Rick Ellis attended Data Center World in Los Angeles last month as well.  Ellis spoke with prospects and shared more about what the Katy area has to offer for data centers.

“We anticipate growth in the four target industries and look forward to continuing to recruit and expand high-quality companies and jobs within the Katy area,” said LaCour.




GRCC
Remembering Jim Guidry Bay Area Houston Economic Partnership


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