Economy & Business
The economy in the Katy area accounts for over $20 billion in sales and includes over 13,000 companies. Over 200 corporations headquartered here with more on the way. Headquarters operations and leading employers fueling growth in the Katy area include: Academy Sports and Outdoors, BP North America, GEICO, Katy ISD, Schlumberger Technology Center, Shell Exploration and Production and Wood.
The Katy area’s economy has always been dynamic and focused on energy. With a location quotient of seven, over 55,000 people are employed in the Energy (Oil & Gas) employment cluster. We’re home to data centers, research, development and testing laboratories. Energy continues being our biggest sector, but they’re not alone in calling Katy home. The construction and finance sectors represent strong and growing clusters in our area. GEICO’s Houston Claims Center employs 1,200 in Katy, and FedEx Ground Has one of its largest ground distribution facilities in the U.S. here.
- Total Personal Income: $392.4 billion
- Total Wages: $206.3 billion
- Goods Producing Jobs: 555,000, 17.3%
- Service Producing Jobs: 2,654,500, 82.7%
MSA Major Employers -Top Non-Retail/Non-Medical (Source: Houston Chronicle 100, July 26, 2020)
- Exxon: 15,818, Oil & Gas (Upstream and Downstream)
- Schlumberger: 10,945, Energy Services
- Shell Oil: 8,045, Oil & Gas, Upstream and Downstream
- S&B Engineers & Constructors: 7,740, Engineering and Heavy Construction
- Baker Hughes: 7,521, Energy Services
- Chevron: 7,002, Oil & Gas, Upstream and Downstream
- Lyondell Bassell: 6,500, Chemicals
- National Oilwell: 6,329, Energy Services
- JP Morgan Chase: 6,000, Banking/Finance
- KBR: 5,540, Engineering and Heavy Construction
- Goodman Manufacturing: 5,380, Manufacturing of Air Conditioning Equipment
Industrial Base of the Katy Area (Pre-Covid 19)
The industrial base of the Katy area consists primarily of manufacturing centers, distribution centers and research and development and testing. In the Katy area, over 12,000 people are employed in manufacturing in about 300 firms, with over 5,000 people employed in distribution and logistics in a bit less than 300 firms. About 1,000 people are employed in Research and Development and Testing Laboratories (R&D) in about 80 firms.
Igloo Corporation is the largest manufacturer in the Katy area with over 1,000 employees. Igloo manufactures coolers using plastics and foam materials. Schlumberger, and energy services firm that manufacturers rotors and stators and downhole drilling equipment, is the second largest employer with over 800 employees. Igloo is headquartered here and both companies also have R&D and distribution located in the Katy area. Many other manufacturers in the Katy area are connected with the Energy industry and provide support for, with Houston being the Energy Capital of the World. Other major manufacturing firms located here include Sercel (250 employees), Weatherford (200) and Continental Carbon (60)
Distribution and Logistics
One of the largest distribution centers in the area is Academy Sports and Outdoors, which is the headquarters of the operation. Academy employees over 2,500 at the headquarters and distribution center. Other major distribution centers include Amazon (1,000 +), Costco (700), Rooms to Go (450), Medline (70). FedEx also operates one of its largest Ground hubs with over 850 employees. Amazon recently added 250 jobs at a new center in Katy as well.
Research and Development and Testing Firms (R&D)
Most R&D firms in the Katy area are connected and provide services to the energy industry. Kraton is one of the larger firms that conducts R&D on plastics and chemicals. Sabic, which is a chemicals firm, is conducting a scoping process to determine and decide on a new and consolidated headquarters and R&D campus connected to 75 acres of land they purchase several years ago. Katy area EDC has worked on the project since 2015.