"The region has critical assets developed for other industries, such as rail capacity and the concentration of workers skilled in welding, machining, and metal working. These assets can be leveraged in the development of a strong manufacturing cluster"
- Scott Jones, Economic Development Director, Odessa Development corporation
Driven by efficiencies in the Oil and Gas Production supply chain, the Permian Basin region has developed capacity in advanced manufacturing primarily to support the region's energy cluster. This production capacity, however, creates opportunities for economic development beyond energy production, particularly when combined with the region's strong transportation/logistics framework and low utility costs, This unique coupling of assets and competencies gives the Permian Basin region a competitive advantage that can be leveraged to diversify and strengthen the economy via development of a strong advanced manufacturing cluster.
The region's current many manufacturing facilities produce varied products including fiberglass, copper, playground equipment, packing, electronics, farm equipment, safety supplies, plastics, shutters, mobile homes, apparel, wall board, aluminum ingots, frak tanks, bowling equipment, and petroleum pipeline to name a few.
The industry group that comprises the cluster includes.
The region's current many manufacturing facilities produce varied products including fiberglass, copper, playground equipment, packing, electronics, farm equipment, safety supplies, plastics, shutters, mobile homes, apparel, wall board, aluminum ingots, frak tanks, bowling equipment, and petroleum pipeline to name a few.
The industry group that comprises the cluster includes.
Economic Impact
- 340 Establishments in the region
- 10.76 Jobs Multiplier
- 84.5% of Jobs are held by males
Industry Requirements: Industry / Amount / In-Region / Out of Region
Iron and Steel Mills and Ferroalloy Manufacturing / $181,710,696 / 12.1% / 87.9%
Corporate, Subsidiary, and Regional Managing Offices / $56,502,042 / 10.6% / 89.4%
Machine Shops / $42,823,908 / 62.9% / 37.1%
Other Engine Equipment Manufacturing / $30,251,156 / 5.2% / 94.8%
Wholesale Trade Agents and Brokers / $26,681,385 / 28.8% / 71.2%
- 10.76 Jobs Multiplier
- 84.5% of Jobs are held by males
Industry Requirements: Industry / Amount / In-Region / Out of Region
Iron and Steel Mills and Ferroalloy Manufacturing / $181,710,696 / 12.1% / 87.9%
Corporate, Subsidiary, and Regional Managing Offices / $56,502,042 / 10.6% / 89.4%
Machine Shops / $42,823,908 / 62.9% / 37.1%
Other Engine Equipment Manufacturing / $30,251,156 / 5.2% / 94.8%
Wholesale Trade Agents and Brokers / $26,681,385 / 28.8% / 71.2%
Employment Outlook
Black: Permian Basin Region /
Royal Blue: Texas /
Light Blue: Nation
In 2014, the region maintained an estimated 8,064 jobs in the Manufacturing Cluster. While the jobs total is 14% below the national average for a typical region the size of Permian Basin, employment growth is projected at 17.4% from 2014 to 2019 versus a projected -1.8% growth rate nationwide during the same timeframe. Average earnings for jobs in the cluster are approximately $77,952, 8.1% below than the national average.
Within the cluster, the occupations with the highest concentration of jobs include:
- 949 Machinists
- 936 Welders, Cutters, Solderers, & Brazers
- 663 Team Assemblers
- 301 First Line Supervisors (Production & Operating Workers)
- 268 Inspectors, Testers, Sorters, Samplers, & Weighers
Within the cluster, the occupations with the highest concentration of jobs include:
- 949 Machinists
- 936 Welders, Cutters, Solderers, & Brazers
- 663 Team Assemblers
- 301 First Line Supervisors (Production & Operating Workers)
- 268 Inspectors, Testers, Sorters, Samplers, & Weighers
Economic Development Catalysts
The City of Odessa offers a Freeport Exemption for all five taxing entities for businesses involved in the export of tangible property (goods, wares, and merchandise). All property must be assembled, stored, manufactured or fabricated locally, and exported out of state within 175 days.
The Odessa Economic Development Corporation is focused on growing the manufacturing base by capitalizing on available rail infrastructure, proximity to roadways, and workforce competency (maintenance, welding, etc.). GROW Odessa owns large tracts of developable land with access to transportation infrastructure to support expansion and offers incentive for development.
MORE COMING SOON...
The Odessa Economic Development Corporation is focused on growing the manufacturing base by capitalizing on available rail infrastructure, proximity to roadways, and workforce competency (maintenance, welding, etc.). GROW Odessa owns large tracts of developable land with access to transportation infrastructure to support expansion and offers incentive for development.
MORE COMING SOON...