Target Industries

Energy continues being our largest sector because Energy Grows Here! The Katy Area Economic Development Council has the experience and tools to help find the right fit for your business. As part of our strategic plan, Katy Area 2021, we have identified four primary target industries; energy, research & development and testing laboratories, headquarters, and data centers. 

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Energy

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Research & Development and Testing Laboratories

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Headquarters

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Data Centers

 

Energy

The Katy Area is ideally suited to meet the needs of energy companies seeking location opportunities in the Greater Houston Area, the energy Capital of the world. As a major part of the world-famous Houston Energy Corridor, the growing Katy Area is home to the headquarters of BP America, Shell Exploration and Production, and Wood. This concentration of major Energy Service companies has resulted in the area also becoming a leading business destination for a number of energy related engineering, research, consulting, and information technology operations. 

  • A wealth of energy-related talent, 50,000 + employed, including executives, engineers, researchers, and other white-collar professionals drawn to the area’s outstanding school district and award-winning master planned communities. 
    • The energy downturn offers companies a world class skilled workforce with over 5,000 downsized employees in West Houston.  
    • 61,000 + employed in Architecture and Engineering Occupations   
  • Home to one of the top-rated school districts in Houston MSA (Niche)
  • Cost of living 5% below national average 
  • Largest concentration of energy related office space in the Houston Area. Multiple sites for office relocations and business expansions in the heart and in close proximity of the Energy Corridor. 
    • Abundant office space opportunities with double the normal vacancy rate and low Class A and B Office rates  
  • Excellent transportation opportunities with the expansion of Interstate 10, contra-flow commuting advantages, and access to Bush Intercontinental, Hobby, and regional airports. 
  • Location of National Association of Corrosion Engineers (NACE). 
  • Second Largest Engineering Center of the U.S. 
  • World Leader in Energy Related Research & Development with the University of Houston – Katy Engineering Programs (Link), BP Center for High Performance Computing and proximity to Rice and Texas A&M. 
  • Large number energy related establishments and high “Location Quotient”  
    • 1,200 firms in Katy Area Workforce Draw. 
    • Location Quotient of 7 (rating over 1 shows a strong presence in an area).
  • Available tax and non-tax incentives

 

Research and Development and Test Laboratories

Over 80 Laboratory and Research and Development (R&D) companies currently call the Katy area home and employ well over 1,000 people. Such companies include Schlumberger, Newpark Drilling Fluids, CNPC, Assured Flow Solutions, U.S. Silica, Fritz Industries and Oil Field Testing and Consulting. One of the newest energy testing and manufacturing companies, Energy Recovery, a California company, has established operations in the Katy area, employs over 25 people and has invested over $9 million.   

Primed for growth, the Katy area offers excellent opportunities in and near the world- renowned Energy Corridor along with close proximity to major energy and chemical company headquarters, new business parks and spec buildings. The Katy area also boasts a skilled workforce with access to a growing science and engineering talent base along with local and state financial incentives. 

Other location considerations include: 

  • Strong, highly-educated talent base
  • 17,575 employed in 720 Scientific Research and Development companies in the workforce draw (30 minute drive time from Katy area)
  • 1,700 + annual graduates in engineering,  science, chemistry and technician occupations in the talent pool  
  • Home to one of the top-rated school districts in Houston MSA (Niche)
  • Houston is world leader in energy related research & development with the University of Houston – Katy Engineering Programs, BP Center for High Performance Computing and proximity to Rice and Texas A&M. 
  • University/Community Colleges Interested in Partnerships 
    • New UH Engineering Programs at UH & New HCC Campus 
  • Available, former laboratory space 
  • Spec industrial buildings conducive to lab conversion under construction 
  • Proximity to Energy Corridor and Petrochemical Complex 
  • Cost of Living Below National Average 
  • Available tax and non-tax incentives 
  • Competitive wages 
  • Cost of living 5% below national average 

Headquarters

The Katy Area is ideally suited to meet the needs of headquarters seeking location opportunities in the Greater Houston Area. The Katy Area offers the following:   

  • Over 200 companies, large and small, are headquartered here including many large energy firms like BP North America. Shell Exploration and Production, Wood and DNV-GL as well as other non-energy companies like Academy Sports and Outdoors, Igloo and Waste Management and High Radius.
  • A wealth of white-color talent including executives, engineers, researchers, and other white-collar professionals drawn to the area’s outstanding school district, Katy ISD, and award-winning master planned communities. 
  • Over 5,000 downsized employees from the oil & gas sector. 
  • Home to one of the top-rated school districts in Houston MSA (Niche)
  • Cost of living 5% below national average
  • Employment in Labor Draw Area: 
    • Office & Admin Support: 350,000 
    • Management:126,000 
    • Business & Financial Support: 121,000 
    • Computer and Mathematical Ops.:  65,000 
    • Engineering and Architecture:  61,000  
  • Non-energy related companies locating in the market taking advantage of high office vacancy rates and low leasing rates due to oil and gas downturn. 
  • Large inventory of diverse, Class A, Class B and below Class B office space in the Houston Area. Multiple sites for office relocations and business expansions in the heart and in close proximity of the Energy Corridor.
    • 24% + Class A and B Office Vacancy
    • Opportunity to sublease at low rates
    • Class A rates as low as $12.00/SF with incentives
  • Excellent transportation opportunities with the expansion of Interstate 10, contra-flow commuting advantages, and access to Bush Intercontinental, Hobby, and regional airports. 
  • Available tax and non-tax incentives

 

Data Centers

The Katy Area is ideally suited to meet the needs of Data Center Companies seeking location opportunities in the Greater Houston Area.  As a growing hub for Data Centers located on I-10 and just 30 miles west of Downtown Houston, Katy offers Data Centers access to sites and space with multiple fiber providers, reliable and reasonably priced electric power and access to a wealth of energy related and other companies seeking technology services.   

  • Multiple fiber companies provide services to sites and builders in the Katy area
  • Reliable, reasonably priced electric power services near substations from multiple circuits ranging from 35 KV to 138 KV transmission
  • Over 10,000 SF of co-location space available
  • Over 4,000 computer and data center employees in labor market area
  • Part of world-renowned Energy Corridor with over 1,800 energy companies
    • Many seeking Data Centers and information tech solutions
  • Available tax and non-tax incentives

 

The Katy Area EDC, a dynamic organization, is leading the effort to grow the area’s business environment and setting the pace for the hundreds of companies that call the Katy Area home. We will continue placing a strong focus on the energy industry in our pivotal position along the Energy Corridor. There’s room for growth in Katy.