Economy

The economy in the Katy area accounts for over $21 billion in sales and includes over 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.  Roughly 65,000 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 new  Houston Claims Center,  located in Katy, has hired over 700 people and will employ 1,500 people in the coming years.   FedEx Ground recently broke ground on an 800,000 sq. ft. distribution facility which will initially employ 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 graph of industry sector growth over the last two years which shows over 7.300 jobs created.

Industry 2013 2014A 2015A  Ab. Change
2013 – 2015A
Agriculture, Forestry & Fishing           1,345           1,486           1,571 141
Mining           5,724           6,264           9,422 3,698
Construction           4,464           4,208           4,138 (326)
Manufacturing         11,670         12,103         12,008 338
Transportation, Communication & Utilities           3,018           3,038           3,167 149
Wholesale Trade           3,545           2,999           3,249 (296)
Retail Trade         18,258         19,980         20,105 1,847
Finance, Insurance & Real Estate           4,526           4,037           4,207 (318)
Services         36,279         39,114         40,428 4,149
Public Admin           1,400           1,342           1,668 268
Totals          90,229          94,571          99,963 9,734
Source: Alteryx, Dunn and Bradstreet, 2015

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Lance LaCour
President / CEO
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