2010
2019
HEALTH CARE
NUMBER OF EMPLOYEES
Banking
4.98% 4.04%
3.4%
New and established hospitals in The Woodlands area experienced steady employment growth in the past decade.
Distribution/transportation
1.89%
Education
19.73% 16.05%
Energy & chemical
27.12%
30.57%
Memorial Hermann Medical Center
CHI St. Luke’s Hospital
Houston Methodist Hospital
Texas Children’s Hospital
Health care employees became a larger share of the region’s major* employer workforce from 2010 to 2019.
Health care
19.91%
24.3%
Hospitality & entertainment
2.83% 2.15% 2.58%
5.44%
3,000 2,500 2,000 1,500 1,000 500 0
Life science
0.27%
Public agencies
2.21%
2,518 1,650 1,210 999
Professional/specialty services
16.66%
15.88%
The number of major* health care employers grew from 2010 to 2019.
MAJOR HEALTH CARE NUMBER OF EMPLOYERS
17 16
13 13 13
2010 2011
2012 2013 2014 2015 2016 2017
2018 2019
10 10
9 10 11
*ATLEAST100EMPLOYEES
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
SOURCE:THEWOODLANDSAREAECONOMICDEVELOPMENTPARTNERSHIP/COMMUNITY IMPACTNEWSPAPER
In late 2018, health care was projected to create the most jobs in the Houston area in 2019.
forecasted cuts, according to the GHP’s employment estimates. The industry “no longer determines Houston’s fate” as the Greater Houston area becomes more tied to the national and international economy, accord- ing to the GHP report, and now sits at , regional jobs—closer to the industry’s recent regional employment trough of , in than its peak of , in . Rickie Keys, an adjunct assistant pro- fessor at the University of North Texas School of Public Health, said the pop- ularity of moving to Texas and its top metropolitan areas should ensure a ow of employment to places such as The Woodlands for years to come. “Thesearegoing tobe skilledworkers; these are going to be knowledge-based workers,” Keys said. “Health care is an economic boon. If you look at indica- tors for technology-based ops or ser- vice-based, retail, things like that, you will see that there has been a retrench- ment over the last years or so. Health care is the only sector that has experi- enced continuous economic growth.”
The Woodlands insured rate includes .% of under -year-olds and .% of - to -year-olds. Staley also said the continued invest- ment in The Woodlands medical center remains one of the EDP’s top attractors for businesses considering a move to the south Montgomery County area. “I’m always keenly interested in pro- moting health care. When we recruit companies, literally all over the world, that is always top of mind for us when we talk about relocating or bringing your company here.” he said. “Health care plays a huge role in our ability to recruit companies because of the qual- ity of health care in our own backyard.” While industries such as oil and gas have experienced downturns in recent years, health care’s gains are currently tied to the ongoing population boom and showno signs of slowing, according to hospital ocials andmarket analysts. The energy industry grew its share of The Woodlands area’s workforce at major employers around . % this decade, including a slight dip since , while health care’s share grew by more than % over the same time. Oil and gas was expected to create less than , regional jobs this year, including
anticipated future demand for care as the Greater Houston and Montgomery County population upswing continues. ‘AN ECONOMIC BOON’ Ocials and experts also said the area’s specic demographics could jus- tify further expansion of health care facilities. Bill Stinneford, the senior vice president of the health care analytics rm Buxton—which partnered with Houston Methodist for its The Wood- lands expansion—said the area’s family focus and highly insured population are keys to its sustained medical interest. “The Woodlands has a signicant number of middle- and upper-middle- class households with good insurance. Many of those households are young families with children and young adults, which is a great target for health care organizations,” Stinneford said. “When people are moving into an area at a high rate it attracts health care pro- viders’ attention.” According to U.S. Census Bureau estimates, . % of The Woodlands residents are insured—several points higher than Montgomery County’s .% and Harris County’s . % rates overall and the U.S. average of .%.
PROJECTED JOBS ADDED IN 2019
9,000
8,900
7,600 . 7,200 , ,
6,300
6,000
5,600
5,100
2,600 , ,
2,400
1,900
For more information visit communityimpact.com .
SOURCE:GREATERHOUSTONPARTNERSHIP/ COMMUNITY IMPACTNEWSPAPER
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The Woodlands edition • December 2019
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