2023 regional economic outlook discussed at Katy Area EDC January GA
22 Jan 2023
Katy Area Economic Development Council kicked off the new year with its January General Assembly meeting on Tuesday, January 17 hosted by Embassy Suites by Hilton Houston West-Katy.
Patrick Jankowski, Chief Economist and Senior Vice President of Research at Greater Houston Partnership, provided a snapshot of the Greater Houston economy and what is ahead in 2023. Following job losses from the pandemic, the region has rebounded well adding just over 500,000 jobs from May 2020 to November 2022. Much like areas throughout the country, inflation continues to adversely impact the regional economy, but the long-term outlook remains positive. Industry sectors poised for strong job gains in 2023 include healthcare, construction, energy, and manufacturing.
Fort Bend County Director of Economic Opportunity and Development Carlos Guzman also provided an overview of where the county is headed. He noted the county continues to experience tremendous population and business growth. The county has distinguished itself as a top destination with countless accolades for its quality of life and business environment. With growth, infrastructure enhancements must keep pace. According to Guzman, infrastructure improvements remain a priority of the county and its partners.
KMR AV was introduced as a new Assoicate level member at the meeting.
The next Katy Area EDC GA meeting will take place Tuesday, February 21. Visit katyedc.org for more information.