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Katy ISD Commercial and Industrial UpdateLance LaCour, President/CEO

Tuesday, April 18, 2017

Who we are

• Private, Non-Profit, Full-Service ED Corporation

• Relocation Services• Existing Business Services• Workforce Development / Training• Development Assistance

• 210+ Members

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• 16,500+ Jobs

• $2.5 Billion in Cap Ex

• $2.5 Billion in Infrastructure Project Advocacy

• Katy ISD - #1 School District in Houston Area (Niche.com)

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Katy Area AccoladesSouthern Business & Development Magazine Cont.

• Best Places to Start a Business in Houston Suburb ‐ Katy

• Best Places for Distribution Centers & Manufacturing in West Houston Region ‐ Katy

• Fort Bend= Fastest Growing County in Metro Houston (17%)

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Population & Demographics

139,723

256,984

332,000

371,878

46,139

84,451 105,908 121,178

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

2000 2010 2016 Estimates 2021 Projections

Population Households

2016-2021 Katy Area GrowthSource: Alteryx, 2016

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Demographic Comparison

Source: Alteryx, 2016

280,000

290,000

300,000

310,000

320,000

330,000

340,000

Katy Area Corpus Christi, TX Pittsburgh, PA (City) Cincinatti, OH

331,978

324,155

308,999

300,108

Population Estimates 2016, Q3

Demographics

Katy ISD Boundary Demographics

2000 20102016, Q3

Estimates2020 Projections Percent Change

Census Census Estimates Projections 2000 to 2010 2016 to 2021

Total Pop. 16+ 98,410 186,205 244,131 287,754 89.2% 54.5%

Civilian Employed 68,779 121,959 166,877 263,182 77.3% 21.8%

Unemployed 2,823(3.9%)

9,113(6.9%)

7,629 8,936 (4.2%)

222.8%(4.0%)

17.1%

Avg. Household Income $84,178 $110,142 $123,150 $143,162 30.8% 16.3%

Median Hhld Income $69,881 $83,712 $90,679 $105,923 19.8% 16.8%

Per Capita Income $27,797 $36,218 $40,098 $47,047 30.3% 17.3%

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Industry Employment Estimates – Katy AreaMajor Industry Sector Growth 2013-2016

Source: Alteryx, 2013-2016

Industry 2013 2014A 2015B 2016 Q3

Agriculture, Forestry & Fishing 1,345  1,486  1,569 1,582

Mining 5,724  6,264  9,518 8,248

Construction 4,464  4,208  7,884 9,631

Manufacturing 11,670  12,103  10,180 11,754

Transportation, Communication & Utilities 3,018  3,038  3,240 4,174

Wholesale Trade 3,545  2,999  3,601 3,631

Retail Trade 18,258  19,980  20,697 26,446

Finance, Insurance & Real Estate 4,526  4,037  4,264 5,403

Services 36,279  39,114  37,334 44,283

Public Admin 1,400  1,342  1,413 1,537

Totals 90,229  94,571  99,699  116,389

Ab. Change2015 – 2016

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‐1,270

1,747

1,574

934

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5,749

1,139

6,949

124

19,529

• New Park & Ride Garage at TX 99/I‐10• Expansion of West Park Tollway underway; 4 miles to Spring Green

• FM 1463 widening project currently in planning stages; 2019 start

• $24 million in current projects in Katy

• New EDC Mobility Map and White Paper Under Development 

Transportation-Mobility

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Office User

• Leased 40,000 SF at Grandway West

• Strong Business School Programs • Developed Insurance Cert. for Geico

• MBA’s conferred here

• 100 New Jobs to the Katy area

• Will locate on new UH Site at Grand Parkway/I‐10 (2018 +)

• 1,300 Students

• EDC lead project

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Office User – University of Houston

• 46 Acre Purchase at Verde Parc

• 200 New Jobs

• 80,000 SF Building initially

• Expansion opportunities – 14.6 acres

• Focus on Energy, Engineering

• 2,000 Students

• Goal of 8,000 students between UH and UHV at capacity

• Classes to start in Fall 2019

• EDC lead project

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• 80,000 SF, 4 Story Office Building

• Energy Corridor‐Near Barker Cypress

• Construction Underway

• Retention of 124 employees

Office User - Members Choice Credit Union

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Industrial User

• 108,000 SF, 13 AC

• West Ten Business Park

• 100 New Jobs

• $28 Million in Cap Ex

• Regional HQ & Engineering Center & Distribution Center

• Fabricator of industrial sensors for automation applications

• German Based Firm

• Currently under construction

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Industrial User

• Purchased  6 AC in West Ten Business Park 

• Manufacturer and supplier of mobile electrification solutions

• 33 Jobs (Possibly 50 by 2017)

• $5‐10 Million in Cap Ex

• 40,000 SF

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TMEIC

• 45,000 SF in Energy Park West

• Assemble, test & package utility‐scale Photovoltaic Inverters for the solar power market

• 100 jobs initially

• $6 Million in Cap Ex

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Seanic

•60,000 SF•40+ Jobs•ROV’s and tooling•Largest test tank outside of NASA

Other Katy Area Economic Impacts/Projects

• Shell Downtown Relocation of 3,500 jobs to Woodcreek (Katy) an Westhollow Tech Center (SH 6)

• Katy Boardwalk – City Selects Developer for New Hotel (200 Units) and to Run Convention Center 

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New Hotels

• 3 new full‐service hotels coming soon; have restaurants

• Why? Katy Mills Mall, social and recreational events, destination, staycation, rollover from Energy Corridor, visitors to surrounding cities

• 11 mid‐service hotels around Katy Mills Mall

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Development

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• Kingsland south of I-10, behind Katy Mills Mall

• 40 acres; mixed use• Retail, residential, and

recreational• 90 acre lake and park• 2 mile boardwalk• Conference Center and

hotel – October 2020• $400M potential

investment

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Real Estate Inventory – QTD 2016Katy area

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Type #Bldgs. Inventory SF Vacant % Total Total Available %

Class A Office 70 12,973,611 18.5 % 31.4 %

Class B Office 318 7,978,820 15.0 % 20.3 %

Below Class B Office

107 857,760 9.9 % 12.7 %

Industrial 294 11,205,005 9.7 % 12.6 %

Retail 1,093 19,909,208 3.8 % 5.0 %

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2016 Selected New Home Sales

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Community Number of Homes

Cinco Ranch 158

Firethorne 215

Cross Creek 377

Elyson 38

Bridgeland 314

Cane Island 141

The Falls at Green Meadows 52

Churchill Farms 94

Total 2016 New and Resale Closings 5,600+

Katy Area Selected Users and Development Projects Summary 2016

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Type Jobs SF Cap Ex

Office 486 292,583 $17, 335,000

Medical 750 219,514 $63,410,000

Industrial 1,161 1,063,100 $88,100,000

TOTAL 2,397 1,575,197 $168,845,000

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Metrics for 2017

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•Jobs: 2,000•Cap Ex: $300 Million•SF: 600,000 (Office, Industrial, Medical, Entertainment)

Thank you for your support ofKaty Area EDC!

Lance LaCour, President / CEO281-396-2200

lancelacour@katyedc.org