Economy

The economy in the Katy area accounts for over $21 billion in sales and includes nearly 11,000 companies with over 200 corporations headquartered here. Headquarters operations and leading employers fueling growth in the Katy area include: Academy Sports and Outdoors, BP North America, ConocoPhillips, GEICO, Katy ISD, Schlumberger, Shell Exploration and Production and WoodGroup.

The Katy area’s economy has always been dynamic and focused on energy.  Over 40,000 people are employed in the Energy (Oil & Gas) employment cluster. Compared to other Houston area suburbs, the Katy area has more than double the energy employment and energy firms in its labor shed.

The Katy area continues to diversify its economy with non-energy related employers. GEICO’s  Houston Claims Center, located in Katy, has hired over 700 people and will employ 1,500 people in the coming years.  FedEx Ground recently completed an 800,000 sq. ft. distribution facility which  employs over 400 with the opportunity for continued growth.

In Katy, you will find a strong economy with diversified industry sectors that continue to grow. 

Below is a chart outlining the variety of businesses which call the Katy area home.
 
Industry Establishments Employees Average Size
Agriculture, Forestry & Fishing 221 1,655  7
Construction 634 6,263 10
Finance, Insurance & Real Estate 1,102 5,109 5
Manufacturing 378 13,328 35
Mining 153 5,616 37
Public Administration 46 1,712 37
Retail Trade 1,814 28,721 16
Services 6,237 42,995 7
Transportation, Communication & Utilities 603  4,335  7
Wholesale Trade 542 3,567 7
Totals     10,914 113,299  
Source: Alteryx, 2017

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Lance LaCour
President / CEO
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