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.
|Agriculture, Forestry & Fishing||221||1,655|
|Finance, Insurance & Real Estate||1,102||5,109|
|Transportation, Communication & Utilities||603||4,335|
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.