The Woodlands Edition | March 2024

BY VANESSA HOLT & JESSICA SHORTEN

A closer look

One more thing

Although health care and education sectors have overtaken energy as the region’s dominant sectors, there have been some gains in the energy industry, Staley said. Occidental Petroleum, which was at No. 11 in the top 100 list last year with 998 employees, was No. 10 this year, with 1,052 employees, according to the report. Overall, the health care sector has 12,527 employees in the region, according to the report, nearly a third of the area’s nonretail jobs. Educa- tion, the next highest ranked on the list, has 7,529 employees. Other sectors represented include pro- fessional and business services; energy; chemical; transportation, warehousing and utilities; hospi- tality and entertainment; and nancial services. Staley said the EDP had a record year for requests for projects from companies ranging from corporate headquarters to cell therapy manu- facturing. Following the presentation, he told Community Impact four of those proposals have come to fruition.

Patrick Jankowski, chief economist for the Greater Houston Partnership, said the construction of o“ce space across the Houston region experienced a decline in 2023. However, The Woodlands area has the lowest o“ce vacancy rate in the region, Staley said.

Percent of nonretail jobs by sector among major employers, 2024

Other: 29.8%

Health care: 31.3%

2023 o ce space vacancy rates

Houston region total 25.1%

Energy Corridor

23.5%

Houston Central business district 25.8% The Woodlands region total 13.5%

Education: 18.8%

Energy: 8.8%

Professional & business services: 11.3%

SOURCE: THE WOODLANDS ECONOMIC DEVELOPMENT PARTNERSHIP COMMUNITY IMPACT

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THE WOODLANDS EDITION

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