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Economic Growth
 Thanks to our close proximity to Houston and the Energy Corridor, the Katy Area
is poised to rapidly develop into one of the region’s premier business growth centers |
Area Growth
Katy Area Business Stats 2006-2008
- Total SF of Building Space: 5,904,000
- Total Number of Jobs Expected: 12,050
- Total Anticipated Capital Expenditures
for Construction: $1,968,500,000
Katy Area Economic Development Council
“The Katy Area finds itself in the fortunate position
of being ‘in the path of growth of Houston.”
The Katy Area Economic Development Council has been actively pursuing strategic economic growth in the Katy area. The Council's economic development activities will primarily target the commercial and light industrial sectors, as well as selected large-scale retail projects. Other activities that the Council undertakes are those that are intended to retain and expand existing primary sector businesses and commercial activity in the area and to promote and advertise the benefits of locating selected new primary sector business and commercial activities to the Katy area.
(www.katyedc.org)
Katy Economic Area Growth
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| Indicator |
2003 |
2008 |
Change |
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| Population growth |
157,000 |
212,266 |
48,531 |
| Employment growth, 16 + yrs |
113,000 |
154,989 |
41,989 |
| Civilian employment growth |
79,354 |
108,758 |
29,404 |
| Unemployment rate |
2.90% |
2.86% |
.04% |
| Avg. family household income |
$105,882 |
$111,066 |
$5,184 |
| Median family household income |
$87,525 |
$91,811 |
$4,286 |
| Per capita income |
$31,719 |
$32,812 |
$1093 |
| Source: Claritas 2007 |
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Katy Economic Area Growth
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| Indicator |
2003 |
2008 |
Change |
|
| Population growth |
157,000 |
212,266 |
48,531 |
| Indicator |
2007 |
2008 |
Change |
| Population growth |
205,531 |
212,266 |
6,735 |
| Households |
67,000 |
69,104 |
2,104 |
| Family Households |
54,477 |
56,477 |
2,000 |
| Avg. Family Household Income |
$109,379 |
111,066 |
1,687 |
| Est. Family Median Income |
$91,188 |
91,811 |
623 |
| Employment – Civilian Employed |
105,147 |
108,758 |
3,611 |
| Unemployment Rate |
2.79% |
2.86% |
(.07) |
Median All-Owner Occupied
Housing Value |
$163,575 |
$164,221 |
(354) |
| Source: Claritas, 2008 |
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Population/Demographics: 2008 to 2035
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| Katy Area |
Population |
Acres-Developed |
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| 2008 |
212,266 |
32,045 |
| 2035 |
572,015 |
89,330 |
| Difference |
359,749 |
57,285 |
| % Growth |
178% |
179% |
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Selected Development Projects
- LaCenterra Opens and Announces Expansion
- The Reserve at the Grand Parkway and Kingsland (93 acres)
- Westcreek Park - 54 acres purchased and another 280 optioned
by
The Wolff Company for Class A Business Park
- The Reserve at Pin Oak and I-10: 85 Acre Mixed Use Site
- The Park at Katy Mills: 220 acres at Katy Mills purchased by The Simpson Group
- Westside Office Park-60 acres-Interfin Property
- The Shoppes at Cinco Ranch – Mixed Use and Office -Thor Equities
- Houston Executive Airport Completes T-Hangars, Substantially Completes
Terminal Hangar Construction
- The Reserve at Park Ten - 150,000 sf spec office building in Park 10,
LEED certified - Woodcreek Reserve
- Woodcreek Commons-300,000 sf retail center-Fidelis Realty
- Energy Crossing Office Buildings: 400,000 sf office buildings
by Opus on SH 6 and I-10
- Tech-Flex Buildings-Park Row : 46,000 sf
- Lionheart Commercial Center-City of Katy-37,000 sf
- Energy Center II – 310,000 sf Class A office
Houston Executive Airport
Uniquely positioned as a gateway to Houston and the Energy Corridor, Houston Executive Airport is the newest business aviation airport in the country. Business and commercial industry benefit from the airport's location with access to air, on-site rail and interstate transportation. For more information please visit our website www.houstonexecutiveairport.com
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