Economy

The economy in the Katy area accounts for over $21 billion in sales and includes roughly 11,000 companies with over 200 corporations headquartered here. Headquarters operations and leading employers fueling growth in the Katy area include: Academy Sports and Outdoors, BP North America, GEICO, Katy ISD, Schlumberger, Shell Exploration and Production and WoodGroup.

The Katy area’s economy has always been dynamic and focused on energy.  With a location quotient of seven, over 54,000 people are employed in the Energy (Oil & Gas) employment cluster. 

Industry Establishments Employees
Agriculture, Forestry & Fishing 221 1,655
Construction 634 6,263
Finance, Insurance & Real Estate 1,102 5,109
Manufacturing 378 13,328
Mining 153 5,616
Public Administration 46 1,712
Retail Trade 1,814 28,721
Services 6,237 42,995
Transportation, Communication & Utilities 603 4,335
Wholesale Trade 542 3,567
Totals 10,914 113,299

Source: Alteryx, 2017

The Katy area continues to diversify its economy with non-energy related employers. GEICO’s  Houston Claims Center, located in Katy, has hired over 700 people and will employ 1,500 people in the coming years.  FedEx Ground recently completed an 800,000 sq. ft. distribution facility which  employs over 400 with the opportunity for continued growth.  Amazon has also recently opened a fulfillment center in the City of Katy.

In Katy, you will find a strong economy with diversified industry sectors that continue to grow.