South Texas is a unique opportunity for the establishment, providing the best of the two countries, Mexico, and the USA.
This region creates an unparalleled global trade opportunity due to its extraordinary location; with ten commercial bridges, this zone represents the 41.2% trade flow of the total nation, making it an economic leader in national and global trade.
Total Real Gross Domestic Product for Beaumont-Port Arthur, TX: 21,220.825.
In 2021, the Real Gross Domestic product (GDP) of the Greater Houston area amounted to 463.23 billion U.S. dollars. This an increase from the previous year when the area's real GDP came to 454.64 billion U.S. dollars.
Source: U.S. Bureau of Economic Analysis (December 2022)
The South Texas region, along with its neighboring Tamaulipas Mexican cities, hosts a variety of key industrial sectors, including automotive, aerospace, medical, electrical, and electronic.
In the automotive sector, this region has become a hub for the manufacturing and assembly of vehicles, with a strong cross-border supply chain. The aerospace industry in South Texas is notable due to the presence of companies such as Lockheed Martin and SpaceX. SpaceX has established a rocket launch and testing facility in Boca Chica, close to Brownsville, which has gained worldwide recognition.
The cities in the region are well-known for their advanced hospitals and medical centers in the medical sector. Meanwhile, on the other side of the border, there is a growing medical and medical device sector that has gained significant importance in recent years.
The region is known for its strong electrical and electronic sector, with companies such as Foxconn having a presence in the area. The manufacturing of electronic products and components is a vital part of the economy in these cities.
Beaumont-Port Arthur
Labor Force Data | February 2023 |
---|---|
* Civilian Labor Force | 170.0 |
* Employment | 158.9 |
* Unemployment | 11.1 |
+ Unemployment Rate | 6.5 |
* Number of persons, in thousands, not seasonally adjusted.
+ In percent, not seasonally adjusted.
Houston
Labor Force Data | February 2023 |
---|---|
* Civilian Labor Force | 3,595.7 |
* Employment | 3,424.2 |
* Unemployment | 171.5 |
+ Unemployment Rate | 4.8 |
* Number of persons, in thousands, not seasonally adjusted.
+ In percent, not seasonally adjusted.
Source: U.S. BUREAU OF LABOR STATISTICS
The economy of Orange, TX employs 8.3k people. The largest industries in Orange, TX:
Manufacturing (1,631 people)
Health Care & Social Assistance (1,104 people)
Retail Trade (945 people).
The highest paying industries:
Utilities ($84,063)
Transportation & Warehousing, & Utilities ($82,821)
Finance & Insurance ($64,049).
Souce: Data USA.
Education
The University of Texas Rio Grande Valley UTRGV Is ranked the 4th best University of Texas.
South Texas College Is ranked between 14-18 Top Public Schools.