Headlines

“America’s 10 fastest-growing economies” – USA Today

ODESSA, TEXAS 2013 GMP CHANGE: 6.7% 2013 change in employment: 5.2% (2nd best) Projected 2014 GMP change: 3.1% (50th best) Unemployment rate: 3.7% (11th lowest)
MIDLAND, TEXAS 2013 GMP CHANGE: 7.5% 2013 change in employment: 6.3% (the best) Projected 2014 GMP change: 3.1% (50th best) Unemployment rate: 3.1% (tied-3rd lowest)

“Odessa has been at the heart of the West Texas oil boom, with 2012 drilling activity surpassing early 1980s levels” – Dallas Morning News #101 Best Small Places for Business and Careers – forbes.com

#101 Best Small Places for Business and Careers – forbes.com

ODESSA, TEXAS METROPOLITAN STATISTICAL AREA Job Growth (2012) 8.4% #2 in job growth Projected Annual Job Growth 3.7% Home Price Change Up 9.5%

 Odessa #2 in retail sales growth – Texas Retail Survey

“Odessa sees another increase in sales tax check” – oaoa.com

3/12/2014 – State sales tax revenue in February was $2.2 billion, up 5.8% compared to February 2013. Sales tax revenue continues its growth streak and has now increased for 47 consecutive months.

“Another year of record home building” – oaoa.com

Last year was a record year for building single-family residences in Odessa and Midland, with 1,333 permits issued… In 2013, homes in Odessa sold for an average price of $178,752.

Odessa posts second lowest unemployment rate in state” – oaoa.com

Midland and Odessa continue to have the lowest unemployment rates in the state. The Odessa MSA had the second lowest at 3.7 percent.