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Tomball Economy Grows and Forecast Remains Strong

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 Contact: Ross Winkler (832-689-8031)

 

Tomball Economy Grows and Forecast Remains Strong

 

TOMBALL, TEXAS (June 28, 2019) – The 11th Annual Economic Outlook Luncheon, hosted by the Tomball Economic Development Corporation (TEDC), gathered city leaders and local stakeholders for an update on the region’s economic position. The outlook event included an upbeat keynote address by Jesse Thompson, Senior Business Economist at the Houston Branch of the Federal Reserve Bank of Dallas, in which Thompson provided his insights on the economy, including projections and comparisons.

Thompson spoke to the crowd at Lone Star College-Tomball’s Beckendorf Conference Center on topics covering economic growth, impact on jobs and retail sales. Thompson pointed out that while the Greater Houston region is expected to see slower growth, indicators are that job growth remains strong and accelerating.

“Diminishing tailwinds and increasing momentum will give the region an above trend [economic] outlook for the year,” Thompson concluded.

The TEDC hosts the luncheon to coordinate economic development efforts with business, industry, and city leaders. The coordination efforts come directly from the TEDC strategic plan. 

Tomball Mayor Gretchen Fagan kicked off the luncheon telling the crowd that Tomball’s economy is exploding as a result of economic development programs that are having a lasting impact. “This year, Tomball Economic Development Corporation generated $44 million in new business development and business expansion that has retained 163 jobs and created 158 new jobs in Tomball,” Mayor Fagan said.

“With growth coming right along Highway 249 and the Grand Parkway, the City of Tomball and especially the Tomball Business and Technology Park is in an advantageous position,” said Kelly Violette, TEDC Executive Director.

Nickson Industrial Warehouses is leveraging the Tomball Business and Technology Park’s availability to build three tilt-wall office and warehouse buildings because Nickson’s clients have said they want office and warehouse space in this growing region.

“We only build in business parks,” said developer Charles Nickson, who attended the outlook luncheon. “The Tomball Business and Technology Park is the best option in the region, and my clients have told me they are coming here. The city and economic development group have been excellent to work with on these projects.”

The business-friendly nature of the City of Tomball and economic development assistance from TEDC was a theme of local businesses attending the luncheon.

Russell McKee, President of PFG Construction, owns three buildings in Tomball, with one being a recent addition. “I cannot say enough about how professional and easy the City of Tomball has been to work with on our expansion,” said McKee, who mentioned he was pleased to have been annexed into Tomball before expansion. “The city has been great to work with and the economic development group helped us with incentives and infrastructure improvements.”

Alexander Estates was one of fourteen new or developing Tomball subdivisions that were highlighted as prime locations for the growing Tomball population. Doug Eibsen, President of Eibsen & Associates, is developing Alexander Estates which will have 251 homes on a 70-acre site off Hufsmith-Kohrville and Spell Road. The new subdivision is located near the Tomball Business and Technology Park.

“Tomball has been very accommodating and easy to work with on this project,” commented Eibsen.

In addition to local businesses and land developers, elected leaders, economic development partners and various industries, including engineering companies attended the annual economic outlook luncheon. CenterPoint Energy, an economic development advocate and the North Houston Economic Development Center at Lone Star College were also sponsors of the luncheon.

“It is gratifying to see and feel the excitement and growth of economic development in Tomball. This is a result of our many economic development partners, from the city to our board and support from the chamber, business and industry,” added Violette.

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About the Tomball Economic Development Corporation      

The mission of the Tomball Economic Development Corporation is to promote economic development in the City of Tomball through the attraction of new business and industry and the retention of existing businesses by providing the resources that enable and advance the general well-being of the community.