Corpus Christi: an economy in transition

Michelle Hahn, Keith Phillips and Jessica Renier

Vista from Federal Reserve Bank of Dallas

Abstract: Corpus Christi tempts tourists with miles of beaches, sea breezes, an arts and museum district, waterfront restaurants, shopping and more. It is also home to a major seaport, Texas A&M UniversityCorpus Christi, a large health care system, military bases, refineries and chemical plants. Port activity and tourism remain important components of the Corpus Christi economy. However, some sectors are declining in importance, such as agriculture, oil and gas, petrochemicals and military, while others are expanding, such as health care, alternative energy and education. ; Jobs in the Corpus Christi metropolitan statistical area (MSA) have been growing steadily since 1970. The pace has been slightly faster than in the U.S., but less than in Texas and about average for other comparable metros. Recent gains in energy prices, expansion by Texas A&MCorpus Christi, low housing costs, increased activity at the Port of Corpus Christi and the continued retirement of baby boomers suggest increased opportunity for growth in Corpus Christi in the near future.

Keywords: Texas; Economic conditions - Texas; Employment - Texas; Petroleum industry and trade; Wages; Education; Cost and standard of living (search for similar items in EconPapers)
Date: 2007
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